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| *Loan,banking and credit>>>income tax |
If I make 18,000.00 from an investment above and beyods my income how much do I have topay in taxes on that 18 |
If I make 18,000.00 from an investment above and beyods my income how much do I have topay in taxes on that 18 Very dependent. How is the $18,000 accounted for? Is it dividends? Is it interest on bonds? If so, are the bonds tax-deductible. Most likely, it is a capital gain. In that case, it depends on when you bought it and when you sold it. Short term capital gains are taxed at a higher rate than long-term.it is usually about one third so about 6000.00 Depends on your tax bracket, and what exemptions you can claim on that... It really depends upon your total income. There is a capital gains tax worsheet which computes tax on the gain and/or total income. The first two answers are a bit overstated...In the instance of capital gains you could max out at 15%. See link below for more info. http://www.irs.gov/taxtopics/tc409.html... Depends on the jurisdiction, and if in the United States, how long you held the investment as well as on the rest of your tax situation. In the US, go to www.irs.gov and download Form 1040 Schedule D to work out the details. |
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