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There are 2 broad categories of income: Earned income: Wages, salary, sales commission, bonus, etc Unearned income: interest, dividends, capital gains, etc Historically, unearned income was exempt from Social Security taxes, Medicare taxes, FUI, SUI, etc. As part of the mandated...

He might have a wash sale issue that after all said and done, could have a net realized gain for the year and owe plenty of $$$ to the taxman. I assume that he made quarterly tax payments when needed. (I also assume he did not elect trader status.):confused:

I don't use Penson, but here is the scoop in general... By law, the broker only has to report the sale side of the transaction, so what your broker is doing is perfectly legal. This means the trader/investor has to find a way to keep track of all buy side data to match it up with the sell...

The Sprint/T-Mobile proposal didn't make sense. The Sprint network and the T-Mobile network are NOT compatible. Deutsche Telekom, the owner of TMO, couldn't get the price they wanted for their American subsidiary. The ATT/TMO combination fixes all these issues from a TMO perspective...

I think we have them already. A very good one comes to mind! :D

Link to .pdf from Tokyo Electric Power Company (TEPCO). http://www.nirs.org/reactorwatch/accidents/6-1_powerpoint.pdf The presentation shows on page 9 that there are 10,149 spent fuel assemblies being stored at the Fukushima Dai-ichi nuclear power plant (NPP). Breakdown by storage...

From CNN...quoting Gregory Jaczko, head of the U.S. Nuclear Regulatory Commission... [4:25 p.m. ET Wednesday, 5:25 a.m. Thursday in Tokyo] A spent fuel pool at Japan's stricken Fukushima Daiichi nuclear plant is dry, resulting in "extremely high" radiation levels, the head of the U.S. Nuclear...

Bloomberg also has the story about the spent fuel rods that sit on TOP of the reactors! :eek: This really looks serious.... http://www.bloomberg.com/news/2011-03-16/pools-storing-spent-fuel-may-present-biggest-risk-at-fukushima.html

If ATT is successful with these new cap levels and associated overlimit fees, Comcast, Charter and Time Warner Cable will also impose caps and fees. It might impact NFLX over the long-term...

I guess he could buy 100 shares of C and write 1 covered call. :confused: It's not much, but you have to start somewhere...

I believe Florida has an unlimited primary residence exemption from bankrupty. OJ Simpson moved to Florida and bought a big home before he lost the civil suit to the Goldman family. I think Fred Goldman has been trying to collect, but can't touch OJ's Florida home. I guess a case can now...

When using a simulator, make a mental note that your orders are being filled at the BID or ASK price only and then see how profitable your trades are... With high volume, penny spreads, the difference is very small, unless you are scalping for a few cents. With low volume options with...

It can be done, but you have to know what you are doing. If you know that you are not up to the task, then get some help from someone who is. A little over 5 years ago, a friend changed jobs and rolled over his 401k into a self-directed IRA at a well known retail broker for the masses. He...

Think about what you said above: 90% will fail. Each newbie is given $300k to trade. Commitment is 6 months. Minimum is 10,000 shares. If they start with 100 students on Jan 1, 2011, by June 30th, 2011 the firm will have lost $27 million of their $ capital. (90% failure rate is 90 students...

Google Voice. You can call anywhere in the USA for free until the end of the year... http://googlevoiceblog.blogspot.com/2010/08/make-and-receive-calls-in-gmail.html

The City of Los Angeles shares tax return information with the California Franchise Tax Board. The city has a set of matching parameters/criteria that it runs against tax returns filed in zip codes within the city limits. The "occupation" that you put down where you sign your return is one...

Instead of saying a certain percentage, I'll use the baseball analogy.... Go for base hits, it's steady, base hit after base hit. You'll get to home plate in a very measured, safe way. Everyone likes home runs! Home runs are exciting and even sexy, but they are few and far between and...

It looks like one of those one gallon size pails of cheap, private label ice cream... The guy sitting next to her better watch out. If she is still hungry after eating the pail of ice cream, she might eat eat him!!!! :D

Before this gets moved to P & R: These days unsuccessful groups of people or cultures no longer diminish in size or disappear.... They morph into parasites that whine, complain and obstruct between handouts.

solar powered abacus! :D