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Re: Trader tax laws...what are they?



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In a message dated 98-03-18 22:01:35 EST, you write:

<< If you trade for a living, meaning you have no other discernable
 income and you take advantage of that by writing off expenses, and if
 you do not pay into social security, you are liable for self
 employment taxes, or so my tax lawyer tells me every time I complain. >>


Your tax lawyer is correct.