How Are Non Qualified Annuities Taxed?

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    Tyler Maddox
    Retirement Specialist, Cambridge Financial Group, Greenville, SC
    Non Qualified Annuities are taxed as capitol gains. This means that the original investment (basis) is not taxable. But the gains inside the contract are taxed upon withdrawal. The gains are subject to what is called Capitol Gains Tax. This tax varies depending on how long the gains have accumulated, and what level your income is.
    Answered on October 2, 2013
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