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Comment: It gets worse for some.

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It gets worse for some.

Submitted by Barracuda_Trader on Mon, 07/02/2012 - 07:37.

As a day trader if I profit $100,000 in a month and send that much money home, I pay;
43% right off the top or $43,000 (35% Federal - 8% State)
Then I have a local county employment tax of 1.5% or $1,500.

There is no way to escape these kind of taxes without getting audited because they know a day trader has no overhead to deduct.

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