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It appears my post has been misunderstood. !. Unless one has an enormous amount of business expenses, I don't see where being able to deduct expenses would be an advantage to file for trader status. Perhaps being able to fund a retirement account, purchase of insurance, etc... could be an...

Sorry to not have clarified the posting, but it was for traders of securities not futures.

If there are any individual traders on this site that have filed for IRS trader status, would you provide your opinion of this method of tax filing and how it has affected your trading? How worthwhile is the filing of investment expenses since the majority of a trader's expenses is in...

The size of a futures commission merchant does not give a customer protection any more than a small FCM. One must realize there is no insurance coverage for funds being used for futures margain with any firm regardless of size. Any excess funds not currently being used for futures margain should...

Since when has funds deposit with a commodity futures firm been <b>insured</b>? I am a retired futures/securities broker and former member of a regulated commodity futures exchange. If you are using a firm that is a combined futures/securities brokerage, then that portion of your funds not being...

There are states with higher sales tax rates than NJ. In Tennessee the sales tax rate is from 9.25% up to 9.75%. This would make the poor and middle class paying at least 27.25% tax under the Cain plan. :eek:

I would suggest that you reread my posting. I said nothing about public employees being 'oppressed'. My comment was that the bill passed in Wisconsin was ANTI-UNION. In my opinion, all employees, whether public or private, should have the right to collectively bargaining. I have a problem with...

You are stupid! I am a decorated Vietnam war veteran who fought for your right to spew your nonsense. I am a life member of the VFW and DAV still involved in trying to protect freedom and the right of ever American to freely express his opinion. Also the right to collectively organize to seek...

I believe you have mis-named this thread. It should have been: Wisconsin Assembly passes ANTI-LABOR bill. Or better still: Wisconsin Assembly passes ANTI-Worker bill.

What a crock of bullshit!! The middle class is being wiped out in this country. There will be only the rich and the poor at the mercy of the rich. An environment ripe for chaos. This is the first generation that parents knows that their children will not have opportunities in life better than...

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This is not news. Every demographer will agree with this statement. And it applies to the USA population as a whole.

An excellent method to become a serious national candidate. A kiss of death!

I know. We see it everyday. Highly paid executives being paid golden parachutes to retire after raping the company and stckholders. What a shame. But this America.

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The people are seeing what they stayed home last election and let be voted in. Yes, it will be happening in other states too. This is good. The people need to see what will happen when the radicals take control. The working people will rally up and vote the next election. It will be the...

Not in Iran. The government there is like the government in the USA. No way to overthrow it. A very strong and all powerful central government. The protests over the last election in Iran was proof of that.

The poverty rate is the USA is increasing at an alarming rate and our economy is the worst since the great depression. Not everyone shares in the wealth of this country by having material processions or access to the medical facilities. If God has blessed this country because of its support of...

Our strongest ally? Incredible!