E-mini Taxation

[AppliedPeople 10]

My understanding is that e-mini profits are taxed in the US at a rate of 23%. What I'm not so sure about is what "profit" means in this context. If on a hypothetical day, my "profits" are $1000 but my commission costs are $250, am I paying taxes on $1000 or on the $750 I made after paying commissions? I hope someone can field this for me.

[dam5h 10]

taxes are paid on the "net" amount, gross minus commissions (750 in your example). the 60/40 rule (a bone thrown to chicago 30 years ago) is likely going to get overturned this year or next and futures will be taxed like stocks. i hope it remains, but it doesn't look good.