Income Tax on Futures Income...MUST SEE! E-mini ES Futures Trading, Gold Euro Futures

[yourkjohn]

Hi, Intresting Video.

Like you mentioned in the video the effective tax rate is 23%, which you can easily compute your tax rate to 23,000.

So Savings is (35000- 23000) =12000

Also like you mentioned in the video effective savings is 12%.

12% of 100000 =12,000

[quantfoxx]

nice time and sales indicator, thanks

[bjoernp72]

Plz forgive if i'm wrong, but i think the example calculation in the video may be wrong... or not?

40000$ x 35% gives me 14000$, not 6000$!

That would give a total of 23000$ taxes on futures and savings of 14000$ compared to securities.

[SchoolOfTrade]

woops! Now you know why I dont teach math class! hehe.

Thanks for correcting me on this one! :)

Still see great savings over Securities!

[bjoernp72]

Agreed! :)

[eiwema]

Important stuff to think about when to become a prof.trader. You have to think about that when you follow the rules of SOT because you will make consistency profits; be patience and control emotions and the set of rules will bring you daily, weekly and monthly profits