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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: marketbrief.com who wrote (3626)	9/6/1999 10:02:00 AM
From: Herc	Read Replies (4) \| Respond to of 18137

However investments are non-earned income and not subject to FICA, aka Social Security, taxes. Most middle income Americans pay more in Social Security taxes than income taxes. So by quitting your day job and becoming a trader you can eliminate social security taxes and cut your taxes in half. I looked back at my Schedule SE from 1981 and the maximum Social Security tax then was $2600. And the percentage contribution was lower. Now there is no maximum social security tax and the percentage has greatly increased.