Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: J_F_Shepard who wrote (491377)	6/28/2009 7:18:31 PM
From: i-node	Read Replies (1) \| Respond to of 1574255

Where are options trading profits reported??? Depends on a lot of things. If there were "billions and billions" of untaxed income there, the 1099 reporting would have been changed 20 years ago to require it. IRS carefully measures such things through TCMP. If the TCMP people determine there are substantial tax amounts disappearing (and TCMP's statistical-gathering process is absolutely adequate to make such a determination), then it would be a stroke of Geithner's pen to make 1099s mandatory for it (no new legislation would be required, it is a regulatory matter).