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

To: Robert Graham who wrote (3638)	9/6/1999 10:43:00 AM
From: Herc	Respond to 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.

To: Robert Graham who wrote (3638)	9/7/1999 11:44:00 AM
From: dunlurkin	Respond to of 18137

If it's on a schedule D of a 1040 it is in no way shape or form subject to social security tax.