How do Forex Trader pay taxes?

In: Foreign Exchange (Forex) [Edit categories]

Answer:

Forex is tax-free and forex traders do not need to pay tax. Keep all your money for yourself.

First answer by ID1840673863. Last edit by ID1840673863. Question popularity: 1 [recommend question].

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What is a forex trader and what do they do?
A forex trader is a stock market trader that works with the foreign exchange market. A forex trader has to make on the spot decisions because of the geographical size of the entire foreign market.
In a 401k when you eventually pay taxes which taxes do you pay?
Distributions from your 401K after you reach your retirement age the taxable amount will be subject to federal income tax at your marginal tax rate and may be subject to some state income tax.
Do day traders pay state taxes on their earnings?
If the state has income tax, the day traders will pay state income taxes on their earnings.
Who does not pay taxes?
Michael lake and Amish...
Do you have to pay tax's?
You don't have to pay taxes if you don't want to, but you may be subject to fines and punishments depending on where you live.