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PureBytes Links
Trading Reference Links
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One way is to trade (index) futures. The net proceeds of futures
transactions are taxed 60% long term and 40% short term regardless of
holding period.
Earl
----- Original Message -----
From: <itradesp@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, April 03, 2000 10:31 AM
Subject: [RT] taxes (stock gains)
> Just wondering if there's a way to possibly avoid paying a total of
> 40% on taxes from gains in the stock market. I had to pay 28% federal
> tax, then 12% capital gains tax for the state of Massachusetts. It
> hardly seems worth the risk. It's hard enough to make money in the
> market as it is, then you have to give almost half back to the
> government, while they risk NOTHING if I lose...What a system..
> I'd like to hear privately if this is an accurate figure for the
> amount of taxes that I paid. Thanks in advance
>
> Matt
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