David,
Listening today, I still get the impression that you think
individual traders profits are subject to Self Employment tax. This is not the
case. Attached are a couple of references for you.
An active trader is entitled to deduct their expenses
whether they are an individual, LLC or S-Corp, and are not subject to Self
Employment tax on the gains. While LLC's and S-Corps are great for legal
liability protection, there is truly very little advantage for an individual day
trader that is trading for their own account.
Just my opinion, and would rather your listeners not get the
wrong impression.
Thanks for the trading room service!
dsz, (cpa)