"Dude this crap doesnt matter anymore. I am giving up trading. The Taxes on investments will go up so much next year... it wont pay to play pinkies."
It'll still pay for misinformed, defeatists like yourself.
Short-term capital gains are taxed at the ordinary income tax rate. If that's too onerous for you, then don't let the door hitcha where the good Lord splitcha.
"Obama passed 25 separate tax cuts," Sheryl Stein, founding member of "The Other 95%" said in a statement announcing the group's plans, "including $300 billion in middle class tax cuts -- one of the largest in history - as part of the stimulus package. Unlike President Bush's 2001 tax cuts, which went to the wealthiest 2.2%, President Obama's tax cuts overwhelmingly benefit working and middle class families -- in fact, 95% of all Americans."
Now if you have evidence for a proposed middle class INCOME tax hike, produce it.
