Comments on: Income tax datapoint of the day http://blogs.reuters.com/felix-salmon/2009/06/02/income-tax-datapoint-of-the-day/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Ken http://blogs.reuters.com/felix-salmon/2009/06/02/income-tax-datapoint-of-the-day/comment-page-1/#comment-2354 Wed, 03 Jun 2009 19:51:49 +0000 http://blogs.reuters.com/felix-salmon/2009/06/02/income-tax-datapoint-of-the-day/#comment-2354 Actually the tax cut-out is even more perverse than Felix depicts. The 23% rate only applies to owners of Chicago futures and options firms, not necessarily the traders who are often just employees of these firms. Thus, it is very common for a trader to pay a higher marginal tax rate than his/her boss even though the boss’ total compensation is greater.

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By: kman http://blogs.reuters.com/felix-salmon/2009/06/02/income-tax-datapoint-of-the-day/comment-page-1/#comment-2323 Wed, 03 Jun 2009 03:37:35 +0000 http://blogs.reuters.com/felix-salmon/2009/06/02/income-tax-datapoint-of-the-day/#comment-2323 How is that “vital”??? I am quite sure options/futures markets didn’t exist 1000 years ago and guess what – the humanity somehow made it through those difficult times without this “vital” service!

How about doctors? Scientists? Engineers? The lady who cleans the bathrooms everyday? Their services are a lot more vital to me than the options dude’s. Tax the option guy, not the doctor.

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By: Manshu http://blogs.reuters.com/felix-salmon/2009/06/02/income-tax-datapoint-of-the-day/comment-page-1/#comment-2318 Tue, 02 Jun 2009 23:39:56 +0000 http://blogs.reuters.com/felix-salmon/2009/06/02/income-tax-datapoint-of-the-day/#comment-2318 Yeah exactly, if they increase the tax rate and people become less willing to buy stocks, it will be a win win situation.

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By: dWj http://blogs.reuters.com/felix-salmon/2009/06/02/income-tax-datapoint-of-the-day/comment-page-1/#comment-2314 Tue, 02 Jun 2009 22:04:33 +0000 http://blogs.reuters.com/felix-salmon/2009/06/02/income-tax-datapoint-of-the-day/#comment-2314 Note well that this argument kind of requires the supposition that people in the 25% bracket right now are doing something less societally beneficial than options traders.

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By: bdbd http://blogs.reuters.com/felix-salmon/2009/06/02/income-tax-datapoint-of-the-day/comment-page-1/#comment-2311 Tue, 02 Jun 2009 21:41:34 +0000 http://blogs.reuters.com/felix-salmon/2009/06/02/income-tax-datapoint-of-the-day/#comment-2311 LOL literally. And clearly, nearly all of those who were willing to own stocks a few years ago didn’t take the opportunity to hedge them efficiently.

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