Right now, if you're a trader and make your living doing that, you can effectively pay almost no tax because capital gains are exempt from taxes.

But if you make $100k a year, then you get taxed 30%+ on your money.

Just curious on people's thoughts on that.

What capital gains are excluded from taxes? Unless they did that this morning, capital gains are taxed.

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Where are we going? And why am I in this handbasket?

I agree. It's rediculous. They should lower income tax to 15% - like the long term capital gains tax.

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So your logic is that if we are not there, the number will go down... That makes perfect sense... not.

^^ what he said. Might want to check your source there. In this
Link you'll see that not only are capital gains taxed, they are taxed at variable rates.

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That's why I posed it as a question -- I wasn't entirely sure how that worked out

Much obliged.

NP always glad to be of assistance.

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Don't mean to be a stickler, but the only question you had was what people's thoughts were on your statement that:

Those don't seem like questions to me, but a statement of what you thought was fact.

Read the thread topic

Although I admit it was stated differently and I apologise for that.

np, just pointing out that you should phrase your questions more directly next time, so you don't get flamed

If this stuff interests you try

http://www.bankrate.com/brm/itax/tips/20010305a.asp

Pretty comprehensive site.

Mortgage, Home Equity, Investments, Retirement etc etc.

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Manu Chao - Bongo Bong

"Patriotism is the virtue of the vicious." - Oscar Wilde

"Nothing doth more hurt in a state than that cunning men pass for wise." - Sir Francis Bacon