We predict theoretically the optical signatures of spin polarization of carriers in self-assembled quantum dots. The emission spectra are mapped out as a function of increasing electron spin polarization for a fixed number of electrons and holes. The spin-polarized spectra are determined using exact diagonalization techniques for up to 12 particles, corresponding to two lowest filled shells. We predict that the spin polarization leads to photon polarization, to redshifts of emission lines due to excess exchange interactions among the spin-polarized electrons, and to a complete breakup of emission lines for spin-polarized electronic shells.