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  2. Texas doesn’t have an income tax. How much money is being ...

    www.aol.com/texas-doesn-t-income-tax-100000644.html

    Instead, Texas has sales and property tax. The standard sales tax rate in Texas is 6.25%, “However, local tax jurisdictions have the authority to impose up to an additional 2% tax. Consequently ...

  3. Are financial advisor fees tax deductible? - AOL

    www.aol.com/finance/financial-advisor-fees-tax...

    As of January 2018, these fees no longer contribute to reducing your tax bill. Before the TCJA, investors could deduct financial advisor fees if they exceeded 2 percent of their adjusted gross ...

  4. Are Legal Fees Tax-Deductible? - AOL

    www.aol.com/legal-fees-pay-tax-deductible...

    The Tax Cuts and Jobs Act (TCJA), enacted in 2017, brought about several significant changes to the U.S. tax code, including modifications to the deductions for legal fees.

  5. Taxation of illegal income in the United States - Wikipedia

    en.wikipedia.org/wiki/Taxation_of_illegal_income...

    A person with income from selling a Schedule I substance is allowed to take a tax deduction for the cost of goods sold but not any other tax deductions. [21] [23] Unlike for other business activities, tax deductions are not allowed for ordinary and necessary business expenses such as rent, utilities, and advertising. [24]

  6. Taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_United_States

    Federal income tax rates have been modified frequently. Tax rates were changed in 34 of the 97 years between 1913 and 2010. [157] The rate structure has been graduated since the 1913 act. Total tax revenue (not adjusted for inflation) for the U.S. federal government from 1980 to 2009 compared to the amount of revenue coming from individual ...

  7. Financial transaction tax - Wikipedia

    en.wikipedia.org/wiki/Financial_transaction_tax

    Even though the tax on fixed-income securities was much lower than that on equities, the impact on market trading was much more dramatic. During the first week of the tax, the volume of bond trading fell by 85%, even though the tax rate on five-year bonds was only 0.003%.

  8. Best online brokers for day trading in March 2024 - AOL

    www.aol.com/finance/best-online-brokers-day...

    Overview: Top brokers for day trading in February 2024 Fidelity. Fidelity Investments provides the core day-trading features well, from research to trading platform to reasonable commissions. The ...

  9. Pattern day trader - Wikipedia

    en.wikipedia.org/wiki/Pattern_day_trader

    In the United States, a pattern day trader is a Financial Industry Regulatory Authority (FINRA) designation for a stock trader who executes four or more day trades in five business days in a margin account, provided the number of day trades are more than six percent of the customer's total trading activity for that same five-day period.

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