If I were to day trade internationally (trade stocks from other countries), would I still be taxed here? Or..?
would I get taxed from that country? How does this work? Due to the current H.R. 4191 bill in Congress, I need to look at potential international trading options. Does anyone use Tradestation to day trade internationally and what are your thoughts on it?
August 28th, 2010 at 7:09 am
Yes. You pay tax based on your legal residence.
August 28th, 2010 at 7:49 am
Assuming you are a US citizen, you pay US Federal income tax on ALL worldwide income even if you live outside the US. There are credits for income taxes paid to other countries and exclusions for a certain amount of income if you are not in the US for a certain amount of time. If you have foreign income, you should consult a tax professional to learn the applicable laws.
August 28th, 2010 at 8:46 am
You can check out this site. If you answer surveys, click on sites, you can get money sent to your paypal account, or a check will be sent to you. I have been paid before from this site, so I know its legit. And if your consistent you can earn around $200 usd a month. There are forums on the site, with loads of participants who have also been paid.
Here is the site to register:
http://www.treasuretrooper.com/576570
August 28th, 2010 at 9:07 am
LOL! If you are a US citizen, a Permanent Resident or if you live in the US, you pay taxes on all your worldwide income. Nothing going through Congress will change that. International trading schemes, or scams, are taxed just as if you were doing them in the USA.