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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: Dominick who wrote (2503)	2/3/1998 7:20:00 AM
From: Nimbus	Read Replies (1) \| Respond to of 4969

ANYONE: I am thinking of quiting my boring hourly-wage job and spending a few hours a day day trading to make the same income. I'm 39 years old and have $500K in an IRA doing it's own thing as a nest egg. I'd like to take my "spare" $80K and daytrade in an attempt to pump $80K of income my way. I think it is do-able as I have done 350% on 10K since October.. Can I avoid paying ALL social security taxes if I have no real job and just trade stocks ? I don't expect to ever the see the $100K that I have already had "withheld" from me for Social Security to date, so I am in no mood to keep contributing (Clinton term) to the Welfare state. Comments ? ...and thanks