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Assuming you trade futures, 60% is taxed as long term and 40% as short
term regardless of holding time and by filing as a trader, you can
deduct all expenses and income is not "earned income" and therefore not
subject to employment taxes so there is little reason other than pension
planning considerations to elect an alternative entity. Pension planning
requires earned income and you can set things up so you can pay the
hefty employment taxes and contribute to a pension.
Earl
----- Original Message -----
From: "Brian Keith Voiles" <admagic@xxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, September 27, 2000 4:09 PM
Subject: [RT] Best Tax-Advantaged Way for an Individual Trader
> RealTraders,
> I day trade the S&P 500. What I'm wondering is it better to
> set-up an S-Corp and trade under that umbrella and take my
> pay from the corporation as an employee? Or is it better to
> trade as an individual?
>
> Any suggestions are welcomed.
> Thanks,
> Brian Voiles
>
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