Tax question to prof overseas US equity traders

Originally posted by chs245
The best case is that I only have to pay 1.5% tax on my net worth, independent of how and what I trade. Special situation here in the Netherlands, since they don't have a capital gains tax (neither short term nor long term). Any daytraders want to immigrate to the NL ? :p
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Oliver,

Do you know if this is true not only for stocks but for futures? Are there perhaps some other (European) countries where you do not have to pay capital gains tax on income from daytrading??

CU in the netherlands...
Markus
 
I found out that the 1.5% rule only applies if you are NOT a professional trader :mad:
If you trade professionally, your highest tax bracket can be up to 58% !!!!
 
This is to bad!! Are you considered a "professional trader" because you are daytrading in a LLC? Or is every daytrader considered a professional trader even if he trades through a retail broker?

Markus
 
Since I do trade through an LLC, I think it will be impossible for me not to be considered professional (although I'm still waiting for confirmation from my accountant).
If you trade retail and have another regular job, I think you probably would get away with it.
 
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