I found this excerpt from the Pittsburgh Business Times
It appears Uncle Sam is "trying" to keep up with our creative Investing
I do have some questions regarding this tax if someone might be able to fill me in. Is this a tax that would be due on the spot when the assignment deal closes? Kind of like a sales tax on retail items at a store..or is this a tax you would have to include in the filing of your taxes at years end? I am a newbie here, hope this isn't too ignorant of a question.
Thanks in advance