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04-02-2020 · Binary Options Tax Forms in USA There are two income tax forms USA traders have to fill if you have more than $10,000 in your balance. Form 8938 should be filed if the total you earn meets the threshold of $50,000 on the last day to file the income tax or the total reach $75,000 at … ...read more

 

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Taxes for binary options traders working with a broker are actually a little easier. The broker is required by law to report your earnings to the IRS. In fact, your taxes are deducted from each trade as you go, so there’s little worry that you’ll be hit with a huge tax bill at the end of the year. ...read more

 

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Total Taxes by State by Income Groups. The level of income that goes toward taxes is another way to define the best and worst states for taxes. In most states, the top 1% have a lower effective tax burden than the 20% who earn the least money. In Connecticut, for example, the top 1% have a tax burden of 8.1% of their income. ...read more

 

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What You Need To Know About Binary Options Outside the U.S

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