Recent content by Quartz

Geez - I didnt notice that Explorer - txs

TPCS - that was a good article, esp considering it seems to be from a publication that one would expect to be for the new tax, but instead outlines how unrealistic it is.

The changing story of what "they" want to use the tax money for just shows the insincerity of the pro-tax crowd.

that a heck of a video clip - had not seen that before - txs

Thanks for that fox video - had not seen that one before.

a direct link to pdf from Landis post: www.ibo.nyc.ny.us/iboreports/stocktransfertax.pdf

great Link Landis82 - txs!

a good read: http://www.bloomberg.com/apps/news?pid=20601087&sid=a38yk6Tg7MQU&refer=home

trader tax on cnbc link: http://www.cnbc.com/id/15840232?video=1051076486&play=1

You are correct aqtrader. And that makes the 27% new tax for the year obscene.

The quickest way to explain this tax to those outside the trading world imo is: This tax is not small; .5% of a TOTAL INVESTMENT tax is really a 10% TAX if that investment makes 5%. Don't be fooled by the language.

ProfLogic is correct .... Norton is a hog.

Yah - they maybe should have followed 2 traders at SMB from the begining to keep that shop in the show. I am also growing tired of Brett - almost have to mute it now. Btw has anyone picked up which brokerage house Lance etc is working at? Im just curious if its a name I would know or not...

You need to spend time at www.greencompany.com and understand their tax law guides. If you are trading fulltime, and do so almost everyday throughout the year - there is no question on the qualifying for Trader status. Your quote above "If you are not on the floor of the exchange, or...

As someone who is Very familiar with Trader Tax laws, let me make it clear that "John12" is correct in his understanding of Self Employment Tax, and "BondTrader50" and "not4kids" are not. ( The IRS publication link posted by "Jorge" is correct in explaining it on page 72. ) Frankly, it is...