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Even in those cases it isn't zero sum. Unemployement was sub-5% when I started my company, the employees I hired certainly had plenty of other opportunities and chose to work for us, so clearly they were getting something out of it. Absent significant employee exploitation, employees don't...

Hard to believe someone could be this stupid. Apparently the best cure for someone who can't breathe because of a viral infection is to put a plastic bag over their head and starve the little suckers for oxygen, right! Because apparently he thinks viruses are little creatures that consume oxygen?

I always like eavesdropping on the local old men in the coffee shop when I'm overseas, arguing local politics that I not only have no opinion on but often don't even comprehend. It kind of puts political passions into perspective when I can honestly in that case view them dispassionately like...

Not sure why the corporate veil matters, it's about liability of the owners of the corporation for actions taken by the corporation. It's a vanishingly small probability that a single owner LLC engaged in trading gets sued by anyone ever, so that benefit is of limited utility. And in the...

I started a company from nothing with a small venture capital round. The company now earns more in a year than the entire venture round. Those investors made good money selling their shares because actual value had been created. Hard to call that a zero sum game. Stock markets are no...

I don't think the word "prove" must mean what you think it means. Again, not sure what you hope to accomplish here, do you think you're impressing someone because you're certainly not convincing anyone.

Dude, you're frothing at the mouth here. Not even sure wtf you're trying to convey in your last sentence, and the rest is pure fabrication pullout out your ass. What exactly are you hoping to accomplish with this ranting? Because you sure as heck aren't going to convince any rational person to...

As @Tony Optionaro pointed out you're actually seeing the futures price distortion not the options. VIX is unlike the majority of other products out there in that there's no underlying to the future that you can trade. As a result, futures prices aren't tied to an underlying like they are for...

Sometimes they do, sometimes they don't. Like everything at IB it's all decided by what The Algorithm decides and no one there knows what rules are programmed into The Algorithm.

It's part of a bigger IRS rule (IRS Pub 550 for all the details) that often impacts corporations that might have a fiscal year that ends sometime other than Dec 31st. So I'm guessing they just tried to generalize it as much as possible to apply to every possible situation of every possible...

Only screwed from the perspective of giving the IRS a year long interest free loan if you hold the string of transactions through December. But you do get it all back eventually.

You do get to eventually recapture the $200 loss, it flows through in the basis. In your example, although you bought the stock at $1,000, your basis in it is $1,200 because of the previous $200 loss. That means for purposes of calculating taxes, you act as if you paid $1,200 for it instead of...

Exactly. Basically a wash sale impact your basis, so it's not permanent, it just exists until you make the last wash sale in the series at which point the basis adjustment reflects in your profit/loss. This is a problem if your wash series spans the end of the tax year, at least until the next...

Probably so. Very sad this has escalated into academia. Used to be you could email pretty much anyone who had written a paper and they'd be happy to spend an hour on the phone with you or answer any questions by email. Today I saw that they arrested a visiting professor from China at my alma...

A "wash sale" can technically happen at any time, but it only has tax implications if the 30 day period crosses a tax year since that's the only point at which the disallowance matters. Here's an article that explains it, there are dozens more out there if you do a search. If you disagree then...

Is is only for December. There's no tax consequences of wash sales if you don't trade in Dec.

Thanks. I wonder if they're being restricted from replying to Americans with all the hostility now. Heck their emails might be filtered so they don't even receive emails from us.

Pretty sure we tax racetracks and casinos. Heavily. They seem to still be doing just fine, at least those that aren't owned by Trump. The tax itself, given that it's not massive, isn't going to stop anything. As someone pointed out, if the tax simply added up to what commissions were a year ago...

Yeah I know, hopelessly naive right:( I was hopeful because the rules about demonstrating loss of business and excluding highly paid owners/executives seemed to be somewhat well written, at least given the timeframe they had to write them. While my company would have qualified due to a one time...

So let's be clear. Your "sources" are an article citing a single woman and another article showing that a testing facility may have undercounted positive cases. Again, you clearly have no experience dealing with any large operation, where mistakes are inevitable. If you do, I'm happy to hear...