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

herringtrader · Apr 20, 2009

Hello everyone,

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

Herringtrader

jeb9999 · Apr 20, 2009

Nevada has no state income tax, so no state tax on trading income.

Uncle_Ho · Apr 20, 2009

You pay tax...just 0% state tax, where california is like 10%

Landis82 · Apr 20, 2009

Quote from Uncle_Ho:

You pay tax...just 0% state tax, where california is like 10%

Currently 9.3% for taxable income > $40,000