Someone told me I will have to give 30%. Is which true?
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- What percent profit should investors receive? (1)
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Tagged as: 400000, From, Government, Investing, keep, percent, profit, receive
{ 2 comments }
It is dependent on whether the profits are long term or short term and the rest of your financial situation. As a rule of thumb 30% to 35% is probably good.
If Obama has his way you’ll be giving Uncle Sam more than half. LOL
Seriously though it will probably be over 30% because that much income puts ya in a higher tax bracket. If it wasn’t so much it would be about 20-25% but I wouldn’t be surprised if ya had to pay 35-40% on that amount. Welcome to the USA. LOL
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