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Re: pkuter post# 252930

Sunday, 04/10/2005 10:27:04 AM

Sunday, April 10, 2005 10:27:04 AM

Post# of 4980462
FOr social security I would use 6.2% of what you made up to $90K, after 90K you dont have to pay SS tax. For medicare use 1.45%, in your case I would use a tax professional to do my taxes. You probably could use the help and it would save you a headache. The problem with short-term trading is that you pay taxes at the tax rate you regular income is taxed at.
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