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This is great news, the old system was byzantine and the week that you had to use PMs for your weeklies did seem to have worse liquidity.

I agree that Trumps tax plan has no impact on professional traders. I said exactly that in my first post on the thread. Clearly when faced with a concrete example you are completely unable to point out any practical difference between being paid as a W-2 "employee" or a self-employed "employee"...

Let's do an example. LLC A and B both have $100. LLC A pays as a W-2, paying the employer portion of 7.65% of FICA and withhold the employee 7.65% so the recipient ends up with the $100 less 15.3%, or $84.70 that they pay ordinary income tax on. The LLC has $0. LLC B pays out self-employment...

At this point you're splitting hairs. W-2 and self-employment tax are dollar for dollar effectively identical if you're actually running a company. Sure, you may be able to expense the cafeteria plan or some other obscure corner of the IRS regs for a W-2 and not a self-employed, none of are...

I thought you were being pedantic about the definition of "employee". The tax implications of paying yourself as a W-2 employee or self-employed income are identical. If you own 100% of an entity and pay out $100k as self-employment income and pay both sides or fica taxes or you have the entity...

You are stating something that is incorrect. Pointing that out isn't arguing, it's pointing out a factual error. You are simply wrong, or you're being pedantic and argumentative. Do you agree or disagree with the following: Joe owns a landscaping company. He is the 100% owner and does all the...

They go after people they think are violating the "reasonable wage" as well. It's actually an issue both for LLCs and C-corps. If you are an owner/employee of a C-corp you try to maximize your wage to avoid double taxation, opposite for an LLC. The problem for the IRS folks is that if I can show...

LLC owners can certainly be employees. In fact most are. There is a requirement that you pay any LLC member who is an employee a "reasonable wage" so that the LLC isn't used to avoid Medicare and SS tax. If the LLC is used as a tax shelter now it's through minimizing this pay to avoid Medicare...

And it's ok that you lack the intellectual capacity to realize you lack the intellectual capacity to comprehend the answer.

The vast majority of LLCs are set up for their pass-through entity quality. Technically yes, you can elect to be taxed on an LLC. The number of LLCs that elect this are vanishingly small and it would only be for an obscure, probably ultimately tax sheltering effect. Can you give us a scenario...

The Dunning Kruger effect is strong with this one! Just wish I could be the counter party for folks like this. Amazing.

The whole point of an LLC in the U.S. is that it's a pass-through entity. Meaning you don't have double taxation, capital gains or dividend tax, you simply count the money earned by the LLC as ordinary income on your personal income tax. As it currently stands an LLC isn't really a tax shelter...

With that logic he should have asked for -100 and settled at -25! Putting out crazy unreasonable initial offers isn't how good faith negotiations with people you'll need to negotiate with over and over with works. As Trump is learning, or would be if that was possible for him.

That's not a loophole that's in the plan. But the plan's a non-starter. It will effectively reduce the tax rate to a total of 15% for everyone who has the ability to start an LLC and have their compensation paid to that LLC. Already every doctor, lawyer, and other highly paid professional will...

If you don't get this concept, and you clearly don't, then it's not possible for you to ever understand the answer to your question. This is like someone asking why their put option went to zero but refusing to listen when someone explains to them how a put option works.

Did you read any of my posts? Have you read even a single prospectus on one of these funds? A 3X fund doesn't return 3 times the underlying. It returns 3 times the DAILY!!! return of the underlying. Let me give you a simplified example, you have commodity A and 3X fund B. You buy 1 "share" of...

The OP was about commodity ETFs, so no dividends, but...If a stock goes ex-dividend the price of the stock falls by the amount of the dividend. So if you're short the stock, you have to pay out the dividend but get the get the gain from the drop so it nets out to zero. So a short fund won't be...

What the commodity does has almost no bearing on what the 3X fund based on it does!

Thanks, learned something new!

I'm no fan of tobacco and the whole denial thing presaged what we're seeing with the anti-science moves today. But I'm not sure anyone really wants that to happen. Once you do it with tobacco, why stop there. Next up would be anyone involved in asbestos, I mean they made kids pajamas out of the...