+16 The people from wallstreetbets will pay more taxes on their big win than the hedge fund would have. amirite?

by Anonymous 4 years ago

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

by Anonymous 4 years ago

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

by Anonymous 4 years ago

It's short term capital gains, yes.

by Anonymous 4 years ago

Not until they sell their shares.

by Anonymous 4 years ago

Just *dont pay taxes*

by Anonymous 4 years ago

The fact that I literally do not understand any of this

by Anonymous 4 years ago

Sell stock = pay tax on profits

by Anonymous 4 years ago

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

by Anonymous 4 years ago

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

by Anonymous 4 years ago

Shocker.

by Anonymous 4 years ago