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Question: How are binary options taxed in the United states?
Answer: Binary options are exempted from capital gains tax and stamp duty. This means that traders save up to 20% in taxes, which they otherwise would have to pay with other financial trading tools. There is no tax incurring liability, giving the traders the liberty to trade freely. Binary options are exempted from taxes as they in a way are considered a form of gambling where traders simply gamble on the price movement and its direction. Offer: car insurance quotes.
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