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You'll still pay roughly 12% on it, even after inviting mom & pop in. You don't have to pay FICA on all your profits -if structured correctly & distributed correctly. Fica only on your salary at 12%ish. By the way......why the burning desire to have "earned income"? I haven't had any...

Agreed, -around 12%, after writing off your half.

Looks that you're very close to being dead on funky. Yet, FICA, even after any possible foreign exemption will be15.3% (less the write off for it)........will flow thru....on YOUR SALARAY. -Someone has to pay the full FICA amount. When its your employer, they pay half & you pay half. It...

LLC- Limited liability corporation (for the other poster) You must match your FICA....so comes out to 15.3% (but then deduct part of it).....net comes out around 12% typically. Lots of LLC fees.....many states have corporate or franchise fees on these as well, so there might be more tax...

Simple- Just trade thru an LLC. Simple as that.......but then you have to pay SS tax. Earned income comes in handy if you want to contribute to a retirement plan, though.

Glad you've waiting for someone to respond to. I bid you a fine evening goodnight.

gamalruach - Rant somewhere else. This is a trading site. QUOTE FROM FULL METAL JACKET: JOKER: "HOW CAN YOU SHOOT WOMEN & CHILDREN??!!!" GUNNER: "EASY.......YOU JUST DON'T LEAD 'EM SO MUCH (in the gun site). GUNNER:"HEHEHHEHE....A'INT WAR HELL!" :eek:

I once had a pretty screen shot at my broker- showing me with a profit of $1.1 billion.......I called one of my traders over to see "how the master does it"--hahhahahah. He was floored for a couple minutes anyway!

Great, luv 'em.

back up

one of the longest outages I've seen

YES.......but one of our other accounts is fine......go figure!

Very, Very tricky to execute your idea....don't know if its possible. These are regular offshore annuities that comply with the new IRS tax regs. Might add some insite. Quite costly to set up your structure, then hope the "insurerer" won't run off with your money(especially since its THEIR...

Firms will frequently report different numbers than the individual trader may have. Nice try. Firms should ALWAYS give you your necessary K-1 prior to april 15...if they don't file an extension & give 'em hell. Then file prior to Aug. 16 this year....with the K-1 they should've given you...

Yes, possible....just ask a specialist. There are so many screwball things I've seen on the tape-it'd blow your mind. Almost all are related to "price improvement" so forget NEGATIVE OBLIGATION. But "YES" to all your questions. HOW DO YOU PENNY A MARKET ORDER?--Just get a NY specialist...

Sorry........level 1 & 2 (or 1 3/4) quotes.

THERE IS SUCH THING AS "PENNYING" A MARKET ORDER (OR MARKETABLE LIMIT)......HAPPENS ALL DAY. IF YOU DON'T KNOW THIS .....Please refrain from posting here. REAL TIME OPENBOOK??!!!!.......what are level 1 & 3 quotes??!!! REALTIME! ---YOU GOTTA BE KIDDING ME!

Everyone has an angle......but nobody has a get outta jail free card like the NYSE specs do. I'd rather trade with the mafia....at least their job IS to rob!

oh yeah.......also been seeing automated NX when book=bid or ask.....looks abusive -no 30 sec delay......and robs ya when you go to hit Bid/ask....thanks, assh*les!

Yea, been seeing it as of about a month or so ago.......brut/arca/inca are now matching the NY "leaders"(3-5 hundred share lots that specs put infront of "real" orders.........just a low share way (and legitimate) of "pennying" the "real" orders. They can be a pain in the ass, but you can also...