Median Income by State: What US Forex Traders Should Know

5 min read


The median income in the United States varies widely by state. In 2019, the states with the highest median household income were Maryland ($79,945), New Jersey ($79,363), Hawaii ($77,765), Massachusetts ($77,385), and Connecticut ($76,477). The states with the lowest median household income were Mississippi ($41,754), Arkansas ($46,278), West Virginia ($47,212), Alabama ($49,770), and Oklahoma ($51,749). With such a wide range of incomes across the states, it is important to consider these figures when looking at the overall economic health of the nation.


US Capital Gains Tax Rate: Facts & Figures for 2021

5 min read

The US capital gains tax rate for Forex trading can be fairly complex and confusing, especially if you are a newer trader. Generally, it’s important to understand the difference between capital gains, capital losses, and ordinary income to know what tax rates you should expect. Profits generated from Forex trading are officially considered capital gains, and short-term gains (made from trades held less than a year) are typically subject to more taxes than long-term gains (trades held for more than a year). Ultimately, traders should always consult a knowledgeable tax preparer or CPA to make sure they don’t overlook anything.