POLL: What is your primary Tax Minimization method?

Discussion in 'Educational Resources' started by rcanfiel, Sep 30, 2007.

POLL: What is your PRIMARY Tax Minimization method?

  1. Considering or use [b]Unemployed[/b] status and all my profits are capital gains

    6 vote(s)
    11.1%
  2. Considering or use my [u][i]IRA[/i][/u] to trade

    4 vote(s)
    7.4%
  3. Considering or use an [b]LLC/S Corp[/b]

    9 vote(s)
    16.7%
  4. Considering or use [u][i]Professional Trader[/i][/u] status

    8 vote(s)
    14.8%
  5. Considering or moved to a [b]lower tax country[/b]

    6 vote(s)
    11.1%
  6. Considering or use [u][i]tax free/tax efficient[/i][/u] instruments

    3 vote(s)
    5.6%
  7. Considering or use [b]losses[/b] to offset other gains

    3 vote(s)
    5.6%
  8. Considering or use a [u][i]knowledgeable CPA[/i][/u]

    7 vote(s)
    13.0%
  9. I have a friend who is considering or uses [b]tax evasion[/b]

    6 vote(s)
    11.1%
  10. Considering or use [u][i]something else[/i][/u]

    2 vote(s)
    3.7%
  1. What is your primary Tax Minimization method?
     
  2. Negative P&L.
     
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  4. Since most traders seem to lose money, I suppose you are right...:eek:
     
  5. nkhoi

    nkhoi Moderator

    trade future, that's it!
     
  6. .
     
  7. Could you please expand on the benfits to futures.

    I read elsewhere that they are taxed 60% long term capital gain and 40% short term (or vice versa). Is this correct?

    Thank you,

    I personally prefer the positive P&L :)
     
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    #10     Oct 3, 2007