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Ok, what other alternatives of income do you have besides of T-bills as stated in the original post without losing your buying power? None. Check with you broker.

Answering to OP question even if a broker takes notes as a collateral to trade futures it won't take anything else so it will take up your cash for margin. So you can trade less futures contracts than with the actual cash ( or possibly notes) in your account.

Don't the notes take up the margin so there is less margin left for trading futures?

A lot of good points against the tax are brought up in the piece by UK based organization 'The Taxpayers Alliance' posted by someone earlier on the thread. http://www.elitetrader.com/vb/showthread.php?s=&threadid=150546&perpage=6&pagenumber=694 (Last post on this page) One more...

This is exemption on average on about $150-$200 of profits.

10percentpermonth went all-in after 30% loss in October 2008 by buying debit call spread. I don't think you want this kind of risk with your money.

mmendelson@aqr.com: email delivery failure.

The banks not Obama are going to pull the country out of the recession.

What are you going to do if you lose all $8? You need 4-5 times of that amount which brings your return down to 4-5%.

Your margin calculations are incorrect.

I am not so sure about that. Some economists would say that this tax is not going to work because it has to be implemented globally bla-bla-bla not because it's going to hurt the free market economy and it will do more harm than good in the long run. They just don't get it as far as I am concerned.

Oh, he is economist. Unfortunately his political leaning has more bearing on the matter than his professional occupation.

The rate of return for options is calculated off their margin requirements not off their entry price.

I agree. They saved the jobs of the big banks by bailing them out as to cut the jobs of the small retail traders now. And in the end the ignorant main street is going to pay the price of all that because the politicians can't afford to undermine the profits of the big banks as too important for...

To change the constitution.

Yes, no bailouts, no regulations, no hidden socialist agenda. That's illusion that the government can spur the so called "real economy" by killing the profits of one of it's principal sectors ( financial ).

Unfortunately capitalism as a form of economy is not guaranteed by the law. Capitalism in the US was broken when the government bailed out the failing banks. Apparently they wanted to save the jobs. But they are going to kill financial jobs the other way. And the retail traders will be the first...

Republican president would never sign this tax into law.

He does not realize that if left alone the financial sector is going to pull the country out of the recession.

Maybe you can share with us those differences that you consider insignificant.