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To: skinowski who wrote (124382)9/22/2005 1:27:32 AM
From: Perspective  Read Replies (1) | Respond to of 209892
 
<Profits on futures trading are, btw, taxed at a lower rate than short term profits on equities.>

Could you elaborate on that? How so? I thought it was all treated like ordinary income.

BC



To: skinowski who wrote (124382)9/22/2005 7:54:57 AM
From: Moominoid  Read Replies (1) | Respond to of 209892
 

Profits on futures trading are, btw, taxed at a lower rate than short term profits on equities.

Now you got my attention! Why is that? How are they taxed?

I am trading QQQQ and NWS.AX and then some smaller stocks etc. Would be fun (?) to directly trade currency and oil etc. If one day I close my Australian accounts or vice versa I would likely look at it seriously.


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