regarding tax on futures they have the benefit of the 60:40 rule
where 60% of the gains on futures trades, even if they are only
seconds long are taxed at the long term capital gains tax, and the
other 40% are taxed at short term capital gains tax. For stocks and
ETF's you have to hold them for 1 year to claim long term capital
gains tax.
why is it that way? IDK some loophole probably for the elite and
congressman to take advantage of something the normal public
doesn't know about
DON'T tell Bernie and AOC! otherwise they will probably start
talking how it needs to be closed LOL
regarding tax on futures they
ES systems and comments
Posted by matt on 22nd of Feb 2022 at 09:58 am
regarding tax on futures they have the benefit of the 60:40 rule where 60% of the gains on futures trades, even if they are only seconds long are taxed at the long term capital gains tax, and the other 40% are taxed at short term capital gains tax. For stocks and ETF's you have to hold them for 1 year to claim long term capital gains tax.
why is it that way? IDK some loophole probably for the elite and congressman to take advantage of something the normal public doesn't know about
DON'T tell Bernie and AOC! otherwise they will probably start talking how it needs to be closed LOL
Oh thanks for the info
Posted by cozz101 on 22nd of Feb 2022 at 10:16 am
Oh thanks for the info on the tax benefits. Your right, probably just a loophole yet to be discovered. Need all the help we can get! Mums the word...