In other words, it will be taxed at the same rates as ordinary income. And yet, people are still willing to work for a living, even though they have been very unfairly treated WRT taxes. It’s no wonder everyone wanted to become a “trader” instead of doing something productive. Time to stop our ridiculous obsession with gambling, and get back to work.
The best thing that could ever happen to our economy (and the fairest thing to all taxpayers) would be to tax ALL income at the exact same, steeply progressive rates.
