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09:01
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Originally posted by slick
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If you weren’t trading as your career and still worked elsewhere then I would imagine that trading success would be a leaner operation due to taxes but still a nice addition to your other wage. (Aren’t all second jobs taxed heavily??) Therefore I’d still be wondering why there’s resistance against taking profits just because of this ridiculous notion to avoid paying taxes.
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No, 2nd jobs are not taxed more heavily. You pay the same tax if you earn $150k in one job or if you earn $100k in 1 job and $50K in a 2nd one.
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