EuroZone has reportedly agreed in principle to assist Greece through possible bilateral assistance - unconfirmed report
- comments coming from a German ruling party source
Obama is just trying to assist his state of the union speechwriter. Really, what could he possibly say that will draw an ovation? He'll rip on GS earnings, and announce this garbage proposal.
Obama has the political power of a Rod Blagojevich about now. He's jumping on this quickly after the his MA debacle to score points with his base and the stupid people of America (as he likes to call them).
To those who are interested. Here is a fairly current seminar on trader taxes (apr 09), 60/40, SE taxes, forming LLC's and the like.
http://www.advantagefutures.com/media/taxstrategiesseminar.mov
Whatever jagoff!
Jones, PM me and I'll give you my accountants contact info if you're interested. He's based in Chicago but he has clients across the country. I've been through 3 full audits that all went smoothly.
Trader status gives you 60/40 AND you do pay SE tax. The expenses are deducted against the short terms cap gains (40). Also, don't forget about the zero percent cap gains rate that runs through 2010. Makes a difference if your sole income is cap gains. The first 68k or so is taxed at zero...