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Yes, they pay short term capital gains taxed as ordinary income for equities. For futures they pay a blended 60/40 long-term/short-term rate, since all the futu
by dcolkitt 4y ago
Yes, they pay short term capital gains taxed as ordinary income for equities. For futures they pay a blended 60/40 long-term/short-term rate, since all the futures trading is taxed that way (including for retail)
- zellix 4y agoPretty much, except for Susquehanna. See https://www.propublica.org/article/jeff-yass-susquehanna-tiktok-tax-avoidance https://www.propublica.org/article/jeff-yass-susquehanna-tik... for details.
- ocfnash 4y agoAssuming it is accurate, the final sentence in this article is especially notable.