Obama to eliminate 60/40 tax benefit for dealers

Discussion in 'Wall St. News' started by Trader KGB, May 11, 2009.

  1. Mnphats

    Mnphats

    It will get to everyone.
     
    #61     May 12, 2009
  2. And the level of reading comprehension is around 14.
     
    #62     May 12, 2009
  3. Oh geeze....For second there i thought you said that Obama was the best thing to happen to conservative causes since Coulter.

    I was gonna reply ...wow someone who really thinks on his feet here.

     
    #63     May 12, 2009
  4. indexer

    indexer

    I wonder if this is in response to Rick Santelli's rant?

    Not a good idea to mix politics and business.
     
    #64     May 12, 2009
  5. #65     May 12, 2009
  6. "The government’s first step could be to repeal 60/40 for everyone. Next, they could argue that a day trader has earned income on their trading gains too, thereby subjecting them to SE taxes as well (which are also headed up in the Obama initiatives). "

    Good lord! Where will it end? :(
     
    #66     May 12, 2009

  7. Obama is channeling FDR. He's implementing strategies that will cause the U.S. economy to continue to sink and stagnate because everyone feels so insecure right now.

    After a while, there should be a backlash (as there was with FDR). If there isn't, we're in deep deep trouble.
     
    #67     May 13, 2009