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To: John Koligman who wrote (514623)	10/17/2012 9:37:50 PM
From: goldworldnet	Read Replies (1) \| Respond to of 794238

Day traders are often maligned, but they are important and contribute a lot to the market. As for a zero tax rate, I don't see that in Romney's plan. If you read my post I'm not talking about a lower rate. I'm talking about a situation where I or other traders pay NO tax AT ALL depending on how Romney implements this policy if he gets in. I'm trading for myself, provide no employment for anyone else, and often hold stocks for a couple of minutes, so that is hardly stimulating 'investment' in my book.... * * *

To: John Koligman who wrote (514623)	10/17/2012 10:59:51 PM
From: i-node	7 Recommendations Read Replies (1) \| Respond to of 794238

>> I'm talking about a situation where I or other traders pay NO tax AT ALL depending on how Romney implements this policy if he gets in. You do understand that Congress, specifically, the Joint Committee on Taxation, writes the tax law, not Romney or Obama? And nothing Romney has proposed suggests short term capital gains would be taxed other than as ordinary gains, and in fact, there is no precedent for that in the tax code since the 1920s, other than for one brief period.

To: John Koligman who wrote (514623)	10/17/2012 11:25:27 PM
From: t4texas	Respond to of 794238

you are likely hosed on your minuteman trades going into a tax free cap gain bucket. also demanding or seeming to demand lots of tactical specifics is just too hard to predict, because the house of reps gets the writing duties for tax reform. the house can take the president's (romney in this case) tax strategies and promises during the election process and write it up, but the house will get first crack at the tax bill. then of course the senate will get its say too. i am assuming you know how all this sort of works, so i will just drop you off here.