Re: income tax on traders

[Tin Mervin Yeung <tinyeung@xxxxxxxxxxxxxx>]

Hi, RT,

The real reason that I started this topic is not on fairness--it is on
probability.  In equity market, as long as the market goes up, everyone makes
money and you don't have to worry about probability.  In derivative market, since
it is a zero sum game, you have to do better than 0.5 probability of success to
make money.  Actually, the task is much harder, considering commissions, bid-ask
spread, and quality of the fill.  So, from a trader's perspective, in long run, I
wonder if it is too big a task to have a higher than 0.5 probability of success
AFTER adjusting commisions, bid-ask spread, quality of the fill AND income tax.

Thanks for your input!

Mervin