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.

Strategies & Market Trends : Trading For A Living -- Ignore unavailable to you. Want to Upgrade?

To: Andreas who wrote (74)	5/21/1998 6:37:00 PM
From: Len	Respond to of 1729

Try he following threads... there have been many discussions on just that subject lately. Subject 5727 Subject 17266 Hope that helps.

To: Andreas who wrote (74)	5/21/1998 10:31:00 PM
From: Shoot1st	Read Replies (1) \| Respond to of 1729

What can you write off to offset 15% SS tax on your 1st 65k? Investment income isn't subject to certain taxation. Shoot1st

To: Andreas who wrote (74)	5/22/1998 2:07:00 PM
From: David R. Parker	Read Replies (3) \| Respond to of 1729

I've been "trading/investing" full time since last summer after 20 years in retail management. After examining the pros and cons of the different tax strategies, I've concluded that it's best to classify yourself as an "investor" not a "trader" for tax purposes. You will pay the flat capital gains tax (20-28%) on your earnings but will pay no social security or self employment taxes. Of course, you can't deduct expenses, but they are not that great. My expenses are only about $200 per month for Real Tick PCQuotes, ISP charges (3 for redundancy) and subscriptions like WSJ and thestreet.com. Am very interested in differing viewpoints as I'm always willing to learn from others.