| Why is a raven like a writing desk? |
 |
Month: October 2015
Joke Of The Day: Halloween Night
 |
It was Halloween night… A man was walking home from work when he heard thump noises behind him.
He turned around and saw a coffin following him. He was scared and started to run, the coffin kept right up with him. He got to his house ran through the front door, locked it and ran upstairs. The coffin busted through the front door and followed the man upstairs. The man ran for his life and then locked himself in the bathroom. The coffin burst into the bathroom. The man totally freaked out reached into the medicine cabinet and grabbed what he could find. What he grabbed was cough drops. He threw the cough drops at the coffin and the coffin stopped. |
How Investment Accounts Are Taxed
This handy chart tells you how basic investment accounts are taxed.
Investing isn’t nearly as intimidating as it seems. But all of the tax rules for different investing accounts can be overwhelming. The folks at Bankrate break down the basics in one simple chart.
Some investment accounts are taxable, and others, like an IRA, are tax-advantaged. You’ll pay your taxes either way, but tax-advantaged simply means you can either deduct your contributions from your taxes now or withdraw your money tax-free later.
But it doesn’t mean you won’t have to pay taxes at all. We’ve told you the details about how taxes work with investments before. But if you’re looking for a quick reference guide, Bankrate’s chart tells you what the rules are and how you’ll be taxed.
Load More