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Topic	Stock Market General #36
CableZL 06/22/21 8:16:51 PM #419:	littlebro07 posted... Oh and on the subject of dividend stocks - how do taxes work on dividend payments? Like hypothetically lets say I somehow get totally debt free and invest enough to make $50,000 a year just from dividends and I quit my job and take no other income. Would I pay about the same in taxes that I would from a $50,000 job? What if I reinvested that 50k each year - still pay the same as if I cash it out? Dividends are taxed just like regular income. Even if you do automatic reinvestment, you're awarded the value in shares of that stock, so it's still the same. --- https://i.imgtc.com/d9Fc4Qq.gif https://i.imgtc.com/BKHTxYq.gif https://i.imgtc.com/vYYIuDx.jpg <cite>CableZL posted [p:955324697] in Stock Mark... [t:79506120]...</cite> <quote>littlebro07 posted... </cite> <quote>Oh and on the subject of dividend stocks - how do taxes work on dividend payments? Like hypothetically lets say I somehow get totally debt free and invest enough to make $50,000 a year just from dividends and I quit my job and take no other income. Would I pay about the same in taxes that I would from a $50,000 job? What if I reinvested that 50k each year - still pay the same as if I cash it out?</quote> Dividends are taxed just like regular income. Even if you do automatic reinvestment, you're awarded the value in shares of that stock, so it's still the same. --- https://i.imgtc.com/d9Fc4Qq.gif https://i.imgtc.com/BKHTxYq.gif https://i.imgtc.com/vYYIuDx.jpg</quote> ... Copied to Clipboard!
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