+16

The people from wallstreetbets will pay more taxes on their big win than the hedge fund would have. amirite?

100%Yeah You Are0%No Way
Tldfonats avatar Money & Economics
Share
0 13
The voters have decided that Tldfonat is right! Vote on the post to say if you agree or disagree.

Question: Wouldn't it all be under the capital gains?

Just dont pay taxes

The fact that I literally do not understand any of this

@Cheytuflya Sell stock = pay tax on profits

Oh I get it. So if you make $10 in profit per stock, you're just pay 70¢ or something to that effect per stock?

@itsskyway Oh I get it. So if you make $10 in profit per stock, you're just pay 70¢ or something to that effect per stock?

It's like 30%-40% for short term and like 20% for long term - year plus. So like 4$ if you made 10$

If I understand US taxes correctly, wait till it falls significantly, sell. Now claim the capital loss deduction.

Probably completely wrong, please correct me

@Mcgee0 You can, but only up to 3k a year

Still, feel like you could profit significantly. But I'm just reading the basics. 401k is as close to interesting as I get

Don't have to pay taxes if you lose it all before the end of the financial year taps head

Not until they sell their shares.

Please   login   or signup   to leave a comment.