About the Video
Learn about these 3 taxes when you invest in US stocks as a Malaysian
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โฌ๏ธ Timestamps:
0:00 โ Introduction
0:26 โ Dividends Tax
2:01 โ Capital Gains Tax
2:53 โ International Transactions
4:42 โ Ad Break
5:32 โ Estate Tax
6:38 โ Conclusion
Are you a Malaysian investor looking to make the most of your US stock investments?
Let’s talk about something crucial that can impact your earnings – taxes. We’ll break down how taxes work when you earn dividends, make profits from selling stocks, transfer money internationally, and even plan for the future. It’s all about ensuring you keep more of your hard-earned money.
When you earn dividends from your US stocks, it’s like getting a piece of the company’s profits. But here’s the twist – the US government takes a 30% cut before you even see it. So, if you receive $100 in dividends, you’ll actually pocket only $70. In Malaysia, you’re in luck – no tax on dividends here. It’s crucial to grasp this to understand how it affects your overall returns.
Here’s another situation: Imagine selling your stocks for a higher price than what you paid. That’s a win, right? Well, in the US, residents could pay up to 20% tax on these gains. But guess what? Malaysians like you don’t need to stress about that. You get to enjoy your full profits – no extra taxes when you cash in on your US stocks.
Next, are you transferring money between countries? While you won’t face a direct tax, be cautious. Large transfers might raise eyebrows and get flagged for scrutiny. It’s a way to prevent suspicious activities. Remember, no direct tax, but it’s wise to follow the rules to avoid any hassles.
Here’s a topic you might not want to think about: estate tax. It’s a tax on your assets after you’re gone. In the US, it can be hefty, but Malaysians have a bit of relief. Your first $60,000 in assets is safe from this tax. Plus, with strategic gifting, you can pass on your assets while you’re alive without paying extra.
Understanding taxes is like having a secret weapon in your investment arsenal. While your broker will handle much of it, knowing the basics helps you make smart choices. It’s about keeping more of your money and making the most of your investments. So, hit that Like button, Subscribe, and share this insight. With tax knowledge, you’re on the path to maximizing your earnings and making every investment count. Let’s navigate the world of US stocks wisely together!
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Disclaimer: The content on this channel is for educational purposes only and merely cites my own personal opinions. Neither moomoo or its affiliates shall be liable for the content of the information provided. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary.
