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Tax on Paypal Money Market? |
I was wondering if/how much tax I have to pay if I put about $50 in a paypal money market account. What is the tax-free limit on a fund like this? Probably about a penny. You only pay tax on your monthly dividend payments. It depends on how much interest that $50 gained through the course of a year. The money market percentage changes but mostly stays around 4-5%. |
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