2007-08-06 15:25:32 · 4 answers · asked by upinsmoke0x 2 in Business & Finance ➔ Investing
You don't pay taxes on money you put into the stock market, you pay taxes on the earnings when you sell out. There is no minimum. The tax rate is better if you hold the stock for at least a year (15%).
2007-08-06 15:31:07 · answer #1 · answered by Anonymous · 0⤊ 0⤋
$4,000 and growing depending on the year you put the money in. That money must go in a Roth IRA though. Once it goes into a Roth IRA, it will never be taxed, even if you can turn $120,000 into $1 million (the historical average of the SP 500) in 30 years.
2007-08-06 22:51:06 · answer #2 · answered by gregory_dittman 7 · 0⤊ 0⤋
Traders pay taxes based on earnings and get to write off many of the things employees can not.
2007-08-06 23:38:27 · answer #3 · answered by RayM 4 · 0⤊ 1⤋
if you dont want to pay taxes on your earnings you need to use investment vehicles that are tax free or have tax deductions like real estate, business, and retirement accounts.
2007-08-06 22:34:19 · answer #4 · answered by MM 5 · 0⤊ 0⤋