On capital gains from investments sold at a profit. If held less than a year, Uncle Sam will tax as a short-term gain at ordinary rates up to 39.6 percent. Investments there are taxed when with drawn. Mark Schwanhausser Worth buying the paper for the articles. Individuals should consult with their own advisors for specific investment advice.
Today is tax freedom day.
It means that all of the money you've earned so far this year has gone to pay federal, state and local taxes. Rande Spiegelman Answers are general in nature, are not meant as specific advice, and do not necessarily represent the opinions of others. Individuals should consult with their own advisors for specific financial and tax advice. Click THIS to Join , enter the contest and post here. It won't be long before the average stiff has to work more than half the year to pay his taxes.