Capital gains as primary income tax rate in the US?

Hey guys,
I was wondering, I'm about to be giving up my job soon to trade full time. In the US the capital gains tax is a max of 15%. My question is, as a day trader, if my sole job is the market, do I fall under the normal income tax bracket instead?
I see ol' Romney is only paying 15% because of capital gains, I'd like to get on that train!
Thanks in advance.

I just had a little talk with my girlfriends mom today about capital gains. I believe everyone falls under the 15% capital gain. It's not an exclusive perk.

It's not the samr being a full time trader, particularly in Forex. You don't just simply file at 15%. Here is a website that will give you a lot more info.

Here is a video, 1 hour long and dry, that gives a lot of info also.

Technically you can. I've paid nothing but futures taxation on forex trades (60/40 LT/ST cap gains, max 23%) for many years.

Electing trader status classification by the IRS has certain advantages (401k self-funding & pre-tax healthcare spending), but it's a tradeoff as you then have to pay double FICA. I chose zero FICA. But of course, always consult your CPA.

I agre with what you say. There is a lot of things one has to take into consideration. And yes you need to find a good CPA who understands the tax code. I believe the 60/40 LT/ST is the way to go. Just remember you have to keep very good records of your trading activity. The IRS looks at FX trading in a gray area. Maybe just going to currency futures might be the best solution.