Obama to eliminate 60/40 tax benefit for dealers

[Anaconda]

Quote from AMT4SWA:

Caculated moves or not.......makes ZERO difference. Quit accepting THEIR GAME.....you should be much smarter than that!

Ok, yeah, let's just bitch about cause this is such breaking news. Because understanding the agenda without the emotions of a teenager on a sugar rush is a stupid & pointless idea.

The real question is, WTF are the people bitching gonna do about it?

 

[pev]

Quote from hairdresser:

Just tired of the Haters and Losers.

Their party is so corrupt and they think they care about small business, the poor, etc.

It's so funny.

And you're not tired of the party that thinks they care about the people?

Only an idiot would believe that only one party has corruption but not the other.

 

[atticus]

... and let Buffett pay 15% on his OPM gains as a public investment manager.

 

[Dr. Zhivodka]

The CME Group (CME) doesn't seem to be taking it so hard this morning. +5.65.

Quote from BondTrader50:

Better sell those trading rights quickly:eek:

(b) Section 1256 contract defined
For purposes of this section, the term “section 1256 contract” means—
(1) any regulated futures contract,
(2) any foreign currency contract,
(3) any nonequity option,
(4) any dealer equity option, and
(5) any dealer securities futures contract.

 

[AMT4SWA]

Quote from Anaconda:

Ok, yeah, let's just bitch about cause this is such breaking news. Because understanding the agenda without the emotions of a teenager on a sugar rush is a stupid & pointless idea.

The real question is, WTF are the people bitching gonna do about it?

WOW.....sounds like your getting a bit worked up there.....:eek:

 

[Dr. Zhivodka]

What's really funny to me is that now the right wing kook-job have to pray to the
the "Jewish Diablo"... Rahm Israel Emanuel -- as their man and patron in the White House from Chicago.

Save me oh Jebsus of the Torah....Save me.

 

[BondTrader50]

Quote from Dr. Zhivodka:

The CME Group (CME) doesn't seem to be taking it so hard this morning. +5.65.

Good. Hopefully the proposal won't gain traction

 

[Dr. Zhivodka]

Some people seem to forget how the Budget process works. The Pres proposes the budget and the Congress makes the budget. My guess is that Chicago has lot's of pull in the process.

If not---Rahm --- is your man.

Quote from BondTrader50:

Good. Hopefully the proposal won't gain traction

 

[Pa(b)st Prime]

Quote from Dr. Zhivodka:

The CME Group (CME) doesn't seem to be taking it so hard this morning. +5.65.

Quote from BondTrader50:

Good. Hopefully the proposal won't gain traction

It's in the market. Not as if CME members didn't know until this thread got started on ET.....

The plan doesn't effect exchange volume as much as it effects where people will domicile their own trading activity.

And a few "pro-tax" idiots don't get it. A 'commodity dealer" can just as easily be a long hedger whose product usage will be spread out over more than one year. Just another accounting nightmare for folks who have cash market gains and losses vs. futures gains and losses of differing durations etc.

Bottom line is the blended tax rate is going to increase one way or the other. Either taxable rates increase or the 60/40 goes bye-bye. My guess is Obama is skittish about roiling the markets with some sort of punitive 28% cap gains hike so he'll chisel it out on the back end.

And Doc: Just by virtue of JC being a Jew keeps my own devotion somewhat in check.....

 

[hairdresser]

Quote from Dr. Zhivodka:

What's really funny to me is that now the right wing kook-job have to pray to the
the "Jewish Diablo"... Rahm Israel Emanuel -- as their man and patron in the White House from Chicago.

Save me oh Jebsus of the Torah....Save me.

U POS.

Go crawl back under your rock.