Posted by kevindeng0727 on 11th of Nov 2021 at 09:58 am
Btw, I was suprised to find out that short term capital gains
(holding < 1 year) is 100% taxable in the US？Is that true for
you guys? That's very high tax rates for swing traders lol.
- equities held less than a year are taxed at your income
- equities held for a year or longer are taxed at long term cap
gains, I think that's 20%, used to be like 15%
- futures have big tax benefits even if held only for seconds,
40% of the gains are still taxed at long term cap gains even though
you may have only held it for seconds or minute's only, while
60% are taxed as capital gains income
Posted by rmoore100 on 11th of Nov 2021 at 10:51 am
Regarding futures in the U.S., under current law, gains are
called Section 1256 gains which means 60% of the gain is taxed at
the individual's long-term capital gains rate (usually 15%) and 40%
is taxed at the short-term capital gains rate (which is the same as
the individual's ordinary income tax rate....same rate as wages,
interest income, etc.). The holding period is, like
Matt says, irrelevant.
Posted by kevindeng0727 on 11th of Nov 2021 at 02:16 pm
Thanks for the detailed info Matt and Rmoore100. I was referring
to the tax rates for short term capital gains (honestly I never
held any stock for more than a year), which are pretty high if
treated same as emloyment income.
In Canada, any capital gains is 50% taxable. So 100K net capital
gains would be equivalent to 50K employment income. In China,
capital gain from trading is not even taxed (I am pretty sure US
was once like that too).
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$BABA - Matt's Inverse H&S
Posted by kevindeng0727 on 11th of Nov 2021 at 09:49 am
$BABA - Matt's Inverse H&S seems to be playing out. Haven't seen the single's day sales number yet but that could provide a catalyst.
so far - anyway for
Posted by matt on 11th of Nov 2021 at 09:53 am
so far - anyway for swingers, the swing stop should be easy to see, the higher low
Btw, I was suprised to
Posted by kevindeng0727 on 11th of Nov 2021 at 09:58 am
Btw, I was suprised to find out that short term capital gains (holding < 1 year) is 100% taxable in the US？Is that true for you guys? That's very high tax rates for swing traders lol.
? I don't understand? anyway
Posted by matt on 11th of Nov 2021 at 10:01 am
? I don't understand? anyway here's how it works:
- equities held less than a year are taxed at your income
- equities held for a year or longer are taxed at long term cap gains, I think that's 20%, used to be like 15%
- futures have big tax benefits even if held only for seconds, 40% of the gains are still taxed at long term cap gains even though you may have only held it for seconds or minute's only, while 60% are taxed as capital gains income
Regarding futures in the U.S.,
Posted by rmoore100 on 11th of Nov 2021 at 10:51 am
Regarding futures in the U.S., under current law, gains are called Section 1256 gains which means 60% of the gain is taxed at the individual's long-term capital gains rate (usually 15%) and 40% is taxed at the short-term capital gains rate (which is the same as the individual's ordinary income tax rate....same rate as wages, interest income, etc.). The holding period is, like Matt says, irrelevant.
Thanks for the detailed info
Posted by kevindeng0727 on 11th of Nov 2021 at 02:16 pm
Thanks for the detailed info Matt and Rmoore100. I was referring to the tax rates for short term capital gains (honestly I never held any stock for more than a year), which are pretty high if treated same as emloyment income.
In Canada, any capital gains is 50% taxable. So 100K net capital gains would be equivalent to 50K employment income. In China, capital gain from trading is not even taxed (I am pretty sure US was once like that too).