How does money made solely off investments usually work. If I made $10,000 in capital gains each year, would I have pay a capital gains tax in addition to federal income tax. Is that what investors have to do, get taxed twice?
2007-07-21 16:16:42 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
No, capital gains tax IS income tax on particular items.
2007-07-21 16:23:19 · answer #1 · answered by Judy 7 · 7⤊ 0⤋
that's purely a contemporary to the rich. As Warren Buffet at the instant reported, a sturdy investment is a a sturdy investment regardless of if the tax cost is 15% or 40%. All earnings could be taken care of the comparable. together as i'm some distance from "rich", I do earnings from the decrease costs on Capital good points and qualified Dividends myself.
2016-11-10 02:21:19 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Judy is correct.
2007-07-21 18:31:34 · answer #3 · answered by Steve 6 · 3⤊ 0⤋