Video Rating: 0 / 5
Question by water_skipper: What are the federal income tax rates on investments?
What are the federal income tax rates? I’m talking about investments. I heard there’s one tax rates on savings account, a different tax rate on short term capital gains, a different tax rate on long term capital gains, another tax rate on dividends, and so on. Is there a chart somewhere that shows these rates so I can consider tax consequences of how I invest my money?
Best answer:
Answer by Rich
They are all taxed at the same rate…..your rate depending on your income. The IRS no longer treats long term / short term differently. All the accounts you asked about are just entered on the 1040 as equal additions to your income.
Know better? Leave your own answer in the comments!
Mirae Asset Global Investments Issues White Paper: Seven Reasons to Consider …
NEW YORK, Nov 29, 2011 (BUSINESS WIRE) — In this time of great uncertainty in the global markets and sustained slow growth among developed nations, Mirae Asset Global Investments today announced the release of their latest white paper outlining seven …
Read more on MarketWatch (press release)
