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What percentage of the income from investment interest is taken in taxes?


Say you earn $10,000 in interest in a year from investments or savings. How much does the gov't take in tax?

Interest is taxed at your regular tax rate. If you are in the 32% bracket, then you will pay 32% on interest income.
Try dividend on blue chip stocks next year. The first 80% of the dividend is tax free.
That's exactly right. The 10k in income is added to your earned income to determine your tax bracket. It could possibly bump you up to a higher bracket. You might also consider municipal bond funds for tax free income if you are concerned about taxes.
Depends on your tax bracket....

Dividends are considered as your income...

You might want to consult with your accountant though...I only work in a CPA firm...I don't actually prepare them.
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