Re: Simple question on tax on uneraned income
- From: Ron Peterson <ron@xxxxxxxxxxxxxx>
- Date: Sun, 29 Jul 2007 16:30:24 -0700
Peder B. Pels wrote:
How is income from rent (typically called "unearned income") taxed? Is
it added to the usual 6-step income taxation staircase, together with
labor income, or is it taxed seperately, like capital gains?
In the US, rent is taxed like short term capital gains. Long term
capital gains have a lower tax rate, and stock dividends have a lower
tax rate. Labor income is also subject to Social Security and Medicare
taxes.
Of course, there are always exceptions.
--
Ron
.
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