Tax Advice for Active Traders: Understanding the 2015 Tax Laws to Avoid Stiff Tax Rates

By: Max D. - Max is a technical writer who regularly contributes financial topics to Farnsfield Research, and other investing blogs. Max spends his time running multiple companies in the financial sector. This allows him to have a constant finger on the pulse of the industry.

As millions of Americans file their income taxes prior to the April 15, 2015 deadline, traders must face the decision of how to report capital gains or loss according to IRS specifications. In the world of the New York Stock Exchange, a single trade, which may involve any number of stocks, can represent thousands of dollars. To reap the greatest amount of financial benefit from the passage of the Commodities Futures Modernization Act of 2000 and reduced tax rates of capital gains and losses, traders must understand how to properly report these securities and commodities on their tax return. Continue reading "Tax Advice for Active Traders: Understanding the 2015 Tax Laws to Avoid Stiff Tax Rates"

Doug Casey: "There Is a Rogue Elephant in Your House"

By Doug Casey, Chairman

One time when I was in Burma (now Myanmar), I spent a couple of days riding around the forest by elephant back. Elephants are a fine thing to have in the forest but, believe it or not, you have one living in your house with you. And you should do something about it now, before your house is wrecked and you and your family get stomped in the process.

Any amount of financial success won’t mean much if you get stepped on by the elephant in the room. The damage you routinely suffer from the elephant—not to mention the lingering threat that he’ll go completely berserk someday—dwarfs the importance of the best investment decision you’ll ever make. So, I’m going to invite your attention to a problem of overriding importance: How can you protect yourself and your wealth from the elephant?

The elephant in the room is, of course, the government.

The elephant is your permanent roommate, and it has a permanently big appetite. In the name of “income tax,” it regularly eats 40% or so of everything you earn. You may not like it, but by now you’ve probably learned to live with it.

After you’ve lived out your income-tax paying years, the elephant will attend your funeral—not to console the mourners or to recount your good deeds, but to collect estate tax. In the name of the “estate tax,” the government will take up to 40% of what you leave for the next generation and perhaps more of what you leave for your grandchildren. Continue reading "Doug Casey: "There Is a Rogue Elephant in Your House""

Do you know how your trading is taxed?

By: Traders Accounting

Traders spend a lot of time and money learning their trade. They take courses to learn how to make money in the market and realize their dreams of working for themselves. While traders try to learn about every aspect of their trading strategies they often overlook one important area. This frequently overlooked area is one which can cost a trader a significant amount of their hard earned profits.  If you have not guessed it yet we are referring to taxes. Many traders don’t fully understand how their trading activities will be taxed until they have received their tax bill and it is too late. This article will supplement your trading education by explaining the tax treatment of many commonly traded instruments.

Stocks, Stock Options, Exchange Traded Funds (ETFs), and Options on ETFs: Continue reading "Do you know how your trading is taxed?"

Americans Can Still Benefit from Tax Havens

By Nick Giambruno, Senior Editor, International Man

“In this world nothing can be said to be certain, except death and taxes.”
–Benjamin Franklin

You are technically a slave when 100% of the fruits of your labor is taxed or otherwise confiscated by force. So, at what percentage are you not a slave?

When you consider the totality of the countless direct and indirect taxes on the local, state, and federal levels, as well as the pernicious effects of inflation, the hidden tax, many of us are at least halfway to 100%. Continue reading "Americans Can Still Benefit from Tax Havens"

Poll: What do you think of U.S. taxes?

With Apple CEO, Tim Cook, on the hill today testifying about Apple's overseas money hoard, I thought we should bring up that ugly word on this blog - Taxes!! The biggest challenge we have in this country is a dysfunctional IRS and tax code.

Please indicate your answers below. If you have a comment, and it seems everyone does when it comes to taxes, please feel free to use this blog to share your opinions.

What do you think of U.S. Taxes?

View Results

Loading ... Loading ...

We appreciate your feedback and participation,

Adam Hewison
Co-Creator, MarketClub