Do you pay TAX after trading profits if you live in Nevada USA?

Discussion in 'Taxes and Accounting' started by herringtrader, Apr 20, 2009.

  1. Hello everyone,

    Is any trader here living in Nevada? Do you have to pay tax after your trading profits?

  2. Nevada has no state income tax, so no state tax on trading income.
  3. You pay tax...just 0% state tax, where california is like 10%
  4. Currently 9.3% for taxable income > $40,000