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. herringtrader

    herringtrader

    Hello everyone,

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

    Herringtrader
     
    #1     Apr 20, 2009
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  2. jeb9999

    jeb9999

    Nevada has no state income tax, so no state tax on trading income.
     
    #2     Apr 20, 2009
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  3. Uncle_Ho

    Uncle_Ho

    You pay tax...just 0% state tax, where california is like 10%
     
    #3     Apr 20, 2009
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  4. Landis82

    Landis82

    Currently 9.3% for taxable income > $40,000
     
    #4     Apr 20, 2009
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