How to calculate profit/loss after tax
All these small numbers r really confusing me … anyone can share the simple way of telling how much I make/lose after the tax ? Appreciate a ton 🙂
All these small numbers r really confusing me … anyone can share the simple way of telling how much I make/lose after the tax ? Appreciate a ton 🙂
I say how it is in Estonia
Whatever the balance you have right now minus what you invested
From that you get all profit
And in my country we have to pay 20% from every profit we make so profit minus 20%
Lets say you invested 1000
Now you have 10000
10000-1000 = 9000 (profit)
And now
9000-20% or 9000×0,2 = 7200
Are you being taxed in the United States?