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sts66

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sts66

Re: Markipeach post# 243992

Friday, 01/31/2020 3:05:34 PM

Friday, January 31, 2020 3:05:34 PM

Post# of 425628
I knew FL had no state income tax, but does that apply to STCG's too, which the IRS taxes as ordinary income? If yes, it would make FL ideal for daytraders. Non-qualified stock dividends are also taxed at your nominal income tax rate - pass through entities like REITs and MLPs distribute non-qualified divs because they don't pay any taxes on the earnings at the corporate level (some MLPs are actually C-corps, a different animal). So do folks in FL avoid paying income taxes on those distributions? FL government must get their money somehow, no free lunches - higher sales taxes perhaps? Higher real estate taxes?

The Thought Police: To censor and protect. Craig Bruce

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