Entitlements for Traders

[lpchad]

Any traders here taking advantage of gov't entitlement programs such as food stamps by declaring unemployed even if you are making hundreds of thousands in "investment income" while not paying income tax?

 

[Acumen]

I guess you've never done your own taxes because while the Government may be inept sometimes, they are not stupid.

 

[Free Thinker]

Quote from lpchad:

Any traders here taking advantage of gov't entitlement programs such as food stamps by declaring unemployed even if you are making hundreds of thousands in "investment income" while not paying income tax?

even if you could do this why would you want to use food stamps if you are making "hundreds of thousands"? have you no shame?

 

[sjfan]

.... ur.... for the most part "investment" income is taxable as ordinary income; even not, capital gains is part of your gross taxable income.... so I'm not sure how "investment" income shield you from your tax liabilities.

Quote from lpchad:

Any traders here taking advantage of gov't entitlement programs such as food stamps by declaring unemployed even if you are making hundreds of thousands in "investment income" while not paying income tax?

 

[MandelbrotSet]

LOL, another retarded thread on ET ... go figure.

 

[sjfan]

Oops, I meant to say cap gains is part of your gross tax liability, not your gross taxable income. Either way, the point stands.

Quote from sjfan:

.... ur.... for the most part "investment" income is taxable as ordinary income; even not, capital gains is part of your gross taxable income.... so I'm not sure how "investment" income shield you from your tax liabilities.