The interest generated from certificates of deposit, money market funds and bonds is also taxed as ordinary income. The ordinary marginal income tax rate can run as high as 37%. "Don't forget ...
of the Income Tax Act. However, if agricultural revenue surpasses Rs 5,000 per year, the state government may collect a tax. The money is classified as a recognised source of income and consists ...
Third-party payment platforms will issue 1099-Ks for individuals who earned over $5,000 in income via payment apps last year.