Why do people trade ?

K

Kicking

Why do you guys even trade ? If you are a US citizen you pay 35%taxes on stocks or a blend of long term and short term rate for futures, with the odds of making money against you to begin with , why waste your time ?

I trade because I don't pay taxes , if I had to pay 35% , pff I would just stop . Not worth the effort and time.
 
why work if you pay taxes at %40. why wake up if your just going to go back to sleep?


you my friend, iz an ahole
 
A job is different, you do your job and at the end of the day you are paid. Doesn't work like this in our line of work as you know.

Now I say if you make money effortlessly and lots of it and reasonably expect it to continue for some time then great , but we suspect there may be only a few dozen people like that on here.

No my question is more : what draws so many americans to trading since they pay such high taxes ? And isn' the short term capital gain tax totally UNAMERICAN ?
 
I trade because i live in UK so its also tax free for me..
And its an easy way to make a living until i get the job that i want. :)

I dont get why anyone would want to pay tax on their trading income,
just to get smaller spreads than us. :cool:
 
Quote from Kicking:

And isn' the short term capital gain tax totally UNAMERICAN ?
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Probably, but then our tax system and tax rates are not determined by true Americans. They are determined by career politicians.
 
Quote from spanish89:

I trade because i live in UK so its also tax free for me..
And its an easy way to make a living until i get the job that i want. :)

I dont get why anyone would want to pay tax on their trading income,
just to get smaller spreads than us. :cool:
More...

I always shake my head when I read your post

you are a fool and will stay a fool

unless you don't, but I am betting against you
 
Quote from Kicking:

Why do you guys even trade ? If you are a US citizen you pay 35%taxes on stocks or a blend of long term and short term rate for futures, with the odds of making money against you to begin with , why waste your time ?

I trade because I don't pay taxes , if I had to pay 35% , pff I would just stop . Not worth the effort and time.
More...

Not many things in life give you a shot based on your abilities alone (this may be oversimplified a bit). If you have a shot, however small, at making 6 figures and above, 35% is worth it.
 
Quote from Kicking:

Why do you guys even trade ? If you are a US citizen you pay 35%taxes on stocks or a blend of long term and short term rate for futures, with the odds of making money against you to begin with , why waste your time ?
More...
There are several traders who made over $300,000,000 last year... do you think they're whining about taxes?

One good year in this business and you can call it a career and retire if you wanted to -- or you can lose your entire life savings -- it's all up to the individual. Darwinism and Capitalism combined in all their beautiful glory!

G-D bless those who gave their lives to provide and protect the freedoms and liberties we still enjoy.
 
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