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The other "smart" way to this is to set up a Roth IRA as a trading account
for either stocks or futures. All gains are tax free!! I wonder how long
Congress will let the Roth exist since it denies them of their life blood.
Marlowe
----- Original Message -----
From: Earl Adamy <eadamy@xxxxxxxxxx>
To: <itradesp@xxxxxxxxxxxx>; <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, April 03, 2000 11:46 AM
Subject: Re: [RT] taxes (stock gains)
> 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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