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To: Emec who wrote (9734)1/15/1999 7:27:00 PM
From: Charliss  Respond to of 15094
 
>You also need to factr in the 36% tax rate you are likely paying on
your gains compared to my 20% tax rate<

As Monty Python said: "Factor this, factor that...Oh dear! I'm gonna smack her!"

Of course, you are right David. However, one who trades for a living cannot escape a certain amount of ordinary income, no more than someone else employed on a salary.

Are we all happy gang! I am. We have profits, we have an investment, we have camaraderie, we have a three day weekend, and Tuesday morning we have David on CNBC!



To: Emec who wrote (9734)1/15/1999 7:31:00 PM
From: TEDennis  Read Replies (1) | Respond to of 15094
 
Re: 36% income tax ... and I get to back out the percentage I get as a tax deduction for donating all the profits to charity.

I guess it all comes out in the wash.

TED



To: Emec who wrote (9734)1/15/1999 7:46:00 PM
From: Captain Jack  Read Replies (1) | Respond to of 15094
 
David --- My goal is to pay 39.6% and to have to pay $1 million. Can you imagine what would have to be made after all the deductions and tweaking by CPAs and ATTYs? I enjoy paying more every year...! <gggggggggggggggggggggggg.


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