Income Tax on Futures Income...MUST SEE! E-mini ES Futures Trading, Gold Euro Futures
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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
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nice time and sales indicator, thanks
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Agreed! :)
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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
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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.
bjoernp72 2 years ago
woops! Now you know why I dont teach math class! hehe.
Thanks for correcting me on this one! :)
Still see great savings over Securities!
SchoolOfTrade 2 years ago