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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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23790316 No.23790316 [Reply] [Original]

anons, I am retarded and brand new to trading (I just got a job where I actually have enough disposable income to trade.)
so I have a question: how the fuck am I supposed to make a profit when capital gains tax is 20%?

>> No.23790345

>>23790316
You must have no understanding of math. If your cost basis is $8 for one share of AGI and you sell at $10 you will be taxed at 20% (soon to be 40%) of the 2 dollar profit therefore you keep $1.60 profit per share. They didn't risk dick but Uncle Sam still wants his cut so his buddies can gangfuck the US out of every last dime.

>> No.23790356

>>23790345
I'm retarded and through that the tax was applied to the whole sale, (like if you made 10$ the tax would be 2 dollars)
thanks for answering my question, anon
do you have any material you reccomend me to read?

>> No.23790372
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23790372

>>23790316
Just generate equal net capital losses. Boom, no capital gains tax!