normally how much do forex traders pay in taxes?
Filed Under (United States) by kubalasek on 02-05-2008
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i know every one pays a different amount of capital gains tax. i know that in the U.S. traders usually pay between 20-30% of of their profits. what about forex traders?
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Generally the profit would be ordinary gain taxed at your ordinary tax rate which would depend on your taxable income. The rates range from 10% to 35% and is dependent on your filing status.