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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Robert Graham who wrote (3638)9/6/1999 10:43:00 AM
From: Herc   of 18137
 
As far as I know, day trading is considered no differently than short term capital gains which are considered non-earned income and therefore not subject to social security taxes.

Of course, if you hold for more than a year then you just get taxed at 20%. And I'm not going to quibble over paying 20% what with all those neat things we get like cruise missiles that can hit terrorist camps in Afghanistan, the FAA that keeps planes from colliding and that little car that drove around Mars until the batteries ran out.
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