RE:RE:RE:RE:MarginNewinvestor4562 wrote: Hi Red_Deer, could you please clarify this for me? If I am paying 5.119% using margin with Interactive Brokers, would this mean that after tax I would only be paying about 2.119% in interest? I am new to this, thanks
Hey NewInvestor__Your AFTER TAX Interest Rate is Dependant Upon YOUR Tax
Bracket__There are 5 of Them__I am in the TOP BRACKET.
The HIGHER the Tax Bracket YOU Are IN__The LESS After Tax Interest You Will Pay
In Other Words the Higher Your INCOME is__The HIgher WILL BE the $$$$ Value of
Your DEDUCTION of 100% Interest Paid
Hope this HELPS a Bit eh ???