>never bought stocks before >buy 15 shares of GME at $132 each yesterday >sell them at $370 today >made the same as I do for 9 weeks gross pay Surely there must be a catch.

File: 2.70 MB, 200x250, 1604100576421.gif [View same] [iqdb] [saucenao] [google]

Anonymous Fri Jan 29 16:54:35 2021 No.27078561 [Reply] [Original]

>never bought stocks before
>buy 15 shares of GME at $132 each yesterday
>sell them at $370 today
>made the same as I do for 9 weeks gross pay
Surely there must be a catch.

>>	Anonymous Fri Jan 29 16:55:51 2021 No.27078699 >>27078561 Taxes you still get to keep some of it just rinse and repeat until you're happy with what you have left after taxes buy and hold

>>	Anonymous Fri Jan 29 16:55:56 2021 No.27078712 taxes

>>	Anonymous Fri Jan 29 16:56:39 2021 No.27078806 37% tax if you live in burgerland

>>	Anonymous Fri Jan 29 16:56:56 2021 No.27078828 >>27078561 Yeah, anon your taxes

>>	Anonymous Fri Jan 29 16:57:41 2021 No.27078928 >>27078561 >Surely there must be a catch. what you described doesnt happen every day

>>	Anonymous Fri Jan 29 16:58:12 2021 No.27078990 >>27078561 taxes and just don't think you'll be able to do that again so easily. In crypto you can, not in stonks.

>>	Anonymous Fri Jan 29 16:58:58 2021 No.27079066 >>27078561 Take your meds, Elliot. Also >>27078928 this

>>	Anonymous Fri Jan 29 16:59:01 2021 No.27079075 ec except for aforementioned taxes there isn't a catch. Enjoy your gains and avoid scams like dogecoin

>>	Anonymous Fri Jan 29 16:59:15 2021 No.27079105 >>27078561 They tax the fuck out of short term trades. Something like 40 percent or perhaps more now that Democrats are back in control.

>>	Anonymous Fri Jan 29 16:59:20 2021 No.27079112 >>27078561 taxes probably

>>	Anonymous Fri Jan 29 16:59:53 2021 No.27079183 I bought in at 80 and sold at 350, then had a brain seizure and bought two back in case le squeeze happens. I still made two months pay

>>	Anonymous Fri Jan 29 17:00:05 2021 No.27079201 >>27078561 the catch is you missed out on making way more

>>	Anonymous Fri Jan 29 17:00:14 2021 No.27079221 >>27078561 ya taxes

>>	Anonymous Fri Jan 29 17:00:29 2021 No.27079255 >>27078561 happens every day in crypto welcome to /biz/

>>	Anonymous Fri Jan 29 17:00:38 2021 No.27079268 >>27078561 Like everyone else is saying, taxes. But yeah - it's this easy to make money when you already have money.

>>	Anonymous Fri Jan 29 17:01:34 2021 No.27079426 1. Taxes 2. You won big with little effort. Now you're tempted to invest more and replicate that first lucky win. You're gonna chase that high like it's heroin. And you'll lose a lot of money.

>>	Anonymous Fri Jan 29 17:02:18 2021 No.27079512 This is a once in a lifetime opportunity. Stocks are not normally like this.

>>	Anonymous Fri Jan 29 17:02:43 2021 No.27079548 >>27078561 If it hasn't been mentioned yet - taxes are really gonna hit hard

>>	Anonymous Fri Jan 29 17:03:09 2021 No.27079589 >>27078561 >Surely there must be a catch Yes The catch is, the next time you try this, you'll lose more than you made today

>>	Anonymous Fri Jan 29 17:03:39 2021 No.27079656 Be prepared to lose money.

>>	Anonymous Fri Jan 29 17:03:42 2021 No.27079661 >>27078561 >Surely there must be a catch. try and repeat that 10 times in a row

>>	Anonymous Fri Jan 29 17:03:53 2021 No.27079687 >>27078806 what the fuck even in florida?

Anonymous Fri Jan 29 17:03:56 2021 No.27079695
File: 279 KB, 615x504, 1605919017198.png [View same] [iqdb] [saucenao] [google]

>>27079105
It's okay because rich jews get write offs, only the little goy gets fucked.

>>27079512
>NIO from 2 dollars to 50 dollars

They've been like this for a year now.

>>	Anonymous Fri Jan 29 17:04:19 2021 No.27079737 >>27078561 i made about a months take homne pay in short term gains last year and by the grace of god i still get a decent return

>>	Anonymous Fri Jan 29 17:04:24 2021 No.27079745 >>27078699 >>27078712 >>27078806 >>27078828 >>27078990 >>27079066 >>27079105 >>27079112 >>27079221 >>27079268 >>27079426 What do you mean taxes? I have to disclose this on my tax return?

Anonymous Fri Jan 29 17:04:46 2021 No.27079788

>so... what's the catch?
You've gained a skill that appears useful and widely applicable, but in reality you have duped yourself into believing that this incredibly uncommon event happens all the time. You will now misapply this new skill to other places seeking the same high and you will lose all of your money. I'm going to brag here, I've lost far, far more money than you could ever possibly see. Please help, I'm so hungry.

>>	Anonymous Fri Jan 29 17:04:56 2021 No.27079816 >>27078561 The catch is you can also lose more in one day then you would in 5 years.

>>	Anonymous Fri Jan 29 17:05:15 2021 No.27079856 >>27079745 ....what do you mean he does it for free???

>>	Anonymous Fri Jan 29 17:05:18 2021 No.27079859 >>27079745 you made money, gubmint knows where to stick its dick.

>>	Anonymous Fri Jan 29 17:06:02 2021 No.27079951 >>27078806 no its based on your tax bracket

>>	Anonymous Fri Jan 29 17:06:15 2021 No.27079976 >>27079745 You always pay taxes on the profit. Either way, it's a shit comment that doesn't help anything or anyone

>>	Anonymous Fri Jan 29 17:06:21 2021 No.27079985 File: 688 KB, 286x310, 1582488859852.gif [View same] [iqdb] [saucenao] [google] >>27079695 >crops out her missing arms lol

>>	Anonymous Fri Jan 29 17:06:30 2021 No.27080007 >>27079745 capital gains tax, welcome to the big boi world

>>	Anonymous Fri Jan 29 17:06:37 2021 No.27080027 >>27079695 Source on that pic?

>>	Anonymous Fri Jan 29 17:07:01 2021 No.27080093 >>27078561 >he sold Yeah the catch is that you’re going to rope yourself on Monday.

>>	Anonymous Fri Jan 29 17:07:36 2021 No.27080164 >>27079856 >>27079859 >>27079976 >>27080007 Is there a way to avoid this?

>>	Anonymous Fri Jan 29 17:08:00 2021 No.27080217 >>27079745 Yeah that's why you gave the broker your SSN

>>	Anonymous Fri Jan 29 17:08:10 2021 No.27080231 >>27079695 >left to right >dike this is not gooktoon this is burgertoon

>>	Anonymous Fri Jan 29 17:08:12 2021 No.27080233 >>27080164 yes it's called tax evasion

>>	Anonymous Fri Jan 29 17:08:31 2021 No.27080264 I'm doing all my trading in my 401k, am ok with sudden gains? I assume when I withdraw it when im fuck old it will get taxed to hell

>>	Anonymous Fri Jan 29 17:08:41 2021 No.27080287 >>27080164 Federal crime.

>>	Anonymous Fri Jan 29 17:08:44 2021 No.27080294 First one's free

>>	Anonymous Fri Jan 29 17:08:49 2021 No.27080306 File: 122 KB, 541x600, 1307905470610.png [View same] [iqdb] [saucenao] [google] >>27079589 upside is you dont have to pay those taxes

>>	Anonymous Fri Jan 29 17:08:50 2021 No.27080305 >>27078561 He discovered the power of the jew.

>>	Anonymous Fri Jan 29 17:09:00 2021 No.27080324 >>27080164 yes, if you like jail

>>	Anonymous Fri Jan 29 17:09:00 2021 No.27080326 >>27078712 newfag question do you have to pay taxes when you sell the stock or when you cash out? like can I sell my stock then buy other stock without having to tell the gubment

>>	Anonymous Fri Jan 29 17:09:02 2021 No.27080330 >>27078561 What are the taxes on crypto? The same capital gains that apply to stocks?

>>	Anonymous Fri Jan 29 17:09:17 2021 No.27080357 >>27078806 Lmao not at his bracket

>>	Anonymous Fri Jan 29 17:09:22 2021 No.27080362 >>27080164 Financial terrorism

>>	Anonymous Fri Jan 29 17:09:28 2021 No.27080373 >>27080164 Lose money to offset your gains, no tax paid.

>>	Anonymous Fri Jan 29 17:09:49 2021 No.27080417 >>27080164 Yes, but your paltry capital won't buy you those methods pay up in cash or pay up in jail booty, boyo.

>>	Anonymous Fri Jan 29 17:09:52 2021 No.27080427 >>27080164 kek >>27080330 Obviously depends on the country

>>	Anonymous Fri Jan 29 17:10:23 2021 No.27080472 >>27080326 You are taxed on how much you gain

>>	Anonymous Fri Jan 29 17:10:38 2021 No.27080491 >>27080264 No, if you withdraw when you’re old as shit you’ll be fine.

>>	Anonymous Fri Jan 29 17:10:39 2021 No.27080493 >>27080233 >>27080287 >>27080324 >>27080362 >>27080373 Yeah but like, isn't there a way to reduce the amount of taxes you owe? Could I just do something legal to pay less and keep more?

>>	Anonymous Fri Jan 29 17:11:20 2021 No.27080560 >>27080164 If you invest it again you don't have to pay it. So buy more GME, sell, buy more again, sell buy more again rinse and repeate until you are so rich that trumps tax policies kick in and you only have to pay 1% taxes.

>>	Anonymous Fri Jan 29 17:11:39 2021 No.27080595 >>27080326 No. You will have to pay taxes on your cash out.

>>	Anonymous Fri Jan 29 17:12:07 2021 No.27080650 >heard about the recent AMC meme >decide to check out /biz/ to see what's going on >Acronyms everywhere >Terminology i don't understand offboarder here, what's going on and how do i get in on it

>>	Anonymous Fri Jan 29 17:12:22 2021 No.27080674 File: 10 KB, 225x225, 1611841067088.jpg [View same] [iqdb] [saucenao] [google] >>27078561 Based Eliot post. Pay your taxes mf!

>>	Anonymous Fri Jan 29 17:12:25 2021 No.27080680 >>27080493 Well, tax credits obviously.

>>	Anonymous Fri Jan 29 17:12:27 2021 No.27080681 >>27080650 NGMI

>>	Anonymous Fri Jan 29 17:12:39 2021 No.27080703 >>27080595 Not if you donate it to charity.

>>	Anonymous Fri Jan 29 17:12:39 2021 No.27080705 >>27080493 yeah you can pay 200k usd for a citizenship in another country with no capital gains tax

>>	Anonymous Fri Jan 29 17:12:41 2021 No.27080711 >>27080493 Donate your gainz to charity my dude.

>>	Anonymous Fri Jan 29 17:12:45 2021 No.27080717 >>27080373 Is there a proper way to """lose""" money?

Anonymous Fri Jan 29 17:13:00 2021 No.27080742

>>27080164
Oh fuck you, you 5 year old. You literally made free money out of nothing. Just give uncle sam his share lest he comes for it himself. Do not worry, chances are you're not gonna pay that much considering around 5K is like 9 weeks of your pacheck. they're gonna take like maybe $500 away from you.

>>	Anonymous Fri Jan 29 17:13:39 2021 No.27080807 >>27080650 BUY GME AND AMC NOW FAG

>>	Anonymous Fri Jan 29 17:13:43 2021 No.27080816 >>27080717 Donating to charity. Idk donate it to stormfront or smt.

>>	Anonymous Fri Jan 29 17:14:03 2021 No.27080855 >>27080493 lmao this has to be bait

Anonymous Fri Jan 29 17:14:07 2021 No.27080860
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>>27078561
Look how it tries to sell their ideas to the weakest links in our chain - "If you cash out now you don't have to work for NINE WEEKS, goyim! Isn't that great? No need to wait for thursday!"

Whahahahahaha.

>>	Anonymous Fri Jan 29 17:14:15 2021 No.27080883 >>27078699 I invest from retirement funds with profit non taxable, find out, i wont tell you

>>	Anonymous Fri Jan 29 17:14:35 2021 No.27080918 >>27080472 >>27080595 thanks bros

Anonymous Fri Jan 29 17:15:02 2021 No.27080963

>>27080680
Okay, are there any resources available to let me know what tax credits I can take advantage of?
>>27080705
That's not an option (yet)
>>27080711
I've heard about this, mainly from extremely rich people who do this to pay less. Are there any catches or can it be any charity? Is there a best way to go about this?

>>	Anonymous Fri Jan 29 17:15:03 2021 No.27080971 >>27080717 Be jewish descendant and claim holocaust tax credit

>>	Anonymous Fri Jan 29 17:15:03 2021 No.27080972 >>27078561 Mr. Robot was such a good show.

>>	Anonymous Fri Jan 29 17:15:16 2021 No.27080997 >>27080742 Uncle Sam can suck my cock and pay me for it.

>>	Anonymous Fri Jan 29 17:15:19 2021 No.27081004 >>27078561 You’ll get greedy and want more more more. That’s when we all get fucked

>>	Anonymous Fri Jan 29 17:15:24 2021 No.27081016 >>27079745 Uncle Sam always gets his cut. And with Grandpa Biden and the Neoliberalcrats in charge, it's probably going to go even higher.

>>	Anonymous Fri Jan 29 17:15:28 2021 No.27081026 >>27078561 So, volatility is where you make the big bucks FAST. The problem is that volatility isn't sustainable in anyway nor is it reliable. There is a reason hedge funds use billions of dollars to make millions on small movements.

>>	Anonymous Fri Jan 29 17:16:05 2021 No.27081085 File: 2.34 MB, 808x590, 1611781592521.webm [View same] [iqdb] [saucenao] [google] >>27079745 >Wesley Snipes detected

>>	Anonymous Fri Jan 29 17:16:16 2021 No.27081104 >>27080027 I spent 2 minutes using Yandex reverse image search to find this for you anon. Please learn how to do it your self in the future http://ahs-comic.com/gc/page-1/

>>	Anonymous Fri Jan 29 17:16:38 2021 No.27081133 >>27080807 >BUY GME AND AMC NOW FAG how 2 buy

>>	Anonymous Fri Jan 29 17:16:47 2021 No.27081155 >>27078561 Short term capital gains basically counts towards your regular income. If you're making ~$3600 in 9 weeks (~21k per year), then it's not going to get taxed much.

>>	Anonymous Fri Jan 29 17:17:06 2021 No.27081191 Fellas, i hate taxes

>>	Anonymous Fri Jan 29 17:17:15 2021 No.27081210 File: 886 KB, 290x167, kkktookmybabyaway.gif [View same] [iqdb] [saucenao] [google] >>27080816 i haven't checked stormfront's charitable status lately, but I pretty sure they dont qualify

>>	Anonymous Fri Jan 29 17:17:19 2021 No.27081221 >>27080493 Some European countries have ~20% gain tax for their citizens.

>>	Anonymous Fri Jan 29 17:17:34 2021 No.27081238 >>27080373 genius

>>	Anonymous Fri Jan 29 17:17:51 2021 No.27081269 File: 1.02 MB, 3600x1700, 1591937768444.jpg [View same] [iqdb] [saucenao] [google] >>27078561 >1 post by this id >bought the bottom on a day when buying was halted on most platforms Way to take the bait /biz/tards

>>	Anonymous Fri Jan 29 17:18:35 2021 No.27081342 Damn OP WHY ARENT YOU HOLDING

>>	Anonymous Fri Jan 29 17:18:39 2021 No.27081349 >>27080493 By eating shit and taking a loss. Capital Gains negates Capital Loss at a 1:1 ratio or charity nonsense. But I think there is also limitations of how much an individual can file for Tax Credits in USA.

>>	Anonymous Fri Jan 29 17:18:46 2021 No.27081361 >>27078561 How the fuck do you only make 2100$ every 9 weeks?

Anonymous Fri Jan 29 17:18:48 2021 No.27081363

>>27080971
Restitution payments paid to a Nazi victim, his or her heirs or estate, are not subject to federal income tax.
See IRS Publication 525 at page 31.

This exclusion includes payments made by a foreign government, the United States, or any foreign or domestic entity. Certain types of interest earned on these payments is also excluded from income tax, but this exclusion is limited to interest earned by funds held in escrow pursuant to litigation or in settlement funds established by courts. This exclusion does not apply to interest earned on individual investments made by a Nazi victim, his or her heir or estate with restitution payments.

Only four U.S. states currently tax compensation and restitution payments: Alabama, Arkansas, Mississippi, and Pennsylvania.

>>	Anonymous Fri Jan 29 17:19:15 2021 No.27081406 >>27079745 no, just setup you """company""" with a cheap fake office in montecarlo

>>	Anonymous Fri Jan 29 17:19:50 2021 No.27081480 >>27080164 I am so sorry. Welcome to the world

>>	Anonymous Fri Jan 29 17:20:00 2021 No.27081497 >>27078561 There is . Short term capital gains tax and the horror of filing taxes for those. You'll spend more time doing that tax paper work than 9 hours of wages is worth.

Anonymous Fri Jan 29 17:20:27 2021 No.27081551
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>>27080493
>I WANT TO EVADE TAXES. HOW DO?
It really depends on how poor you are. The poorer you are the harder it is to setup proper offsets or avoidance strategies.
>I WANT TO EVADE ALL THE TAXES, AND I HAVE MONEY.
Move to a country with no income tax and renounce US citizenship.
>I WANT TO EVADE ALL FEDERAL TAXES, AND I HAVE SOME MONEY.
Become a resident of Puerto Rico on paper.
>I WANT TO EVADE AS MUCH TAXES AS POSSIBLE WITHOUT INCONVENIENCING MYSELF
Deductions all day erryday.

Like, it's much more complicated than that, but there is a billion dollar industry around not paying billions of dollars.

>>	Anonymous Fri Jan 29 17:21:08 2021 No.27081630 >>27080650 nigga i dont even know. i bought 5k worth of amc when it went down and sold when it went up, made some pocket change so im gonna buy a new pc. i dont even know what a short is

>>	Anonymous Fri Jan 29 17:21:18 2021 No.27081648 >>27079745 It's a shame that there are actually real life people who are this dumb and not just playing a part on a Mongolian finger-painting chatroom.

>>	Anonymous Fri Jan 29 17:21:35 2021 No.27081683 File: 69 KB, 700x731, ducks-neater-feeder-bed.jpg [View same] [iqdb] [saucenao] [google] >>27080164 >Is there a way to avoid this? Dont even try it anon, its not worth it.

>>	Anonymous Fri Jan 29 17:21:35 2021 No.27081684 >>27081269 I have an IRA through office depot, lel. Was still able to use fidelity to buy it.

>>	Anonymous Fri Jan 29 17:22:05 2021 No.27081724 >>27080997 He will do more than that friend.

>>	Anonymous Fri Jan 29 17:22:15 2021 No.27081746 >>27081133 Make account on Etoro or Revolut (preferably both, split your investment in two identical parts in case of RabbiHood kikery) and deposit money there, then buy 'em as soon as your deposit and account have been processed on Monday.

>>	Anonymous Fri Jan 29 17:22:20 2021 No.27081753 >>27078561 yeah you're still poor. congrats on that master move.

Anonymous Fri Jan 29 17:22:34 2021 No.27081783

>>27079426
>You're gonna chase that high like it's heroin. And you'll lose a lot of money.
AND you'll still pay taxes lol
Man the stories in 2019 from the 2018 gains.
16 k in taxes after your port dropped 70% and you never cashed out 1 penny and barely made any trades that year.

Anonymous Fri Jan 29 17:22:47 2021 No.27081808

>>27078561
The catch is that if you try to do that every day you will lose money half the time even if you're an emotionless robot. If you're a human you'll lose more than half the time and end up bankrupt.

It's no different than playing roulette in vegas.

>>	Anonymous Fri Jan 29 17:23:03 2021 No.27081836 >>27078561 why does hackerman have bug eyes? Why does he use MAC when in his real self wtf?

>>	Anonymous Fri Jan 29 17:23:07 2021 No.27081845 >>27078561 The catch is that you sold before the squeeze, dumbass

>>	Anonymous Fri Jan 29 17:23:17 2021 No.27081865 >>27078561 yes, there is. you got lucky. you only see the upside, it's called survivor bias. t. nn taleb

>>	Anonymous Fri Jan 29 17:23:39 2021 No.27081909 >>27081724 JUZZ GIDDING :D

>>	Anonymous Fri Jan 29 17:24:14 2021 No.27081983 >>27081361 I make $400 a week gross, 40 hours a week. I profited about $3,570, which is about 9 weeks of pay. yes I am poor and miserable, how could you tell

>>	Anonymous Fri Jan 29 17:24:17 2021 No.27081987 >>27078699 Laughs in Roth IRA

>>	Anonymous Fri Jan 29 17:26:50 2021 No.27082272 >>27078561 You've never bought stocks before and you just happened to sell them at the top? Get the fuck outta here, faggot. Go LARP somewhere else.

Anonymous Fri Jan 29 17:27:02 2021 No.27082292

>>27081983
Take $700 out now and sock it away for taxes.
You'll probably still get money back on taxes and you'll get a $700 present next year. Always take you money out for taxes. The market can drop horrendously and you still owe taxes on those trades.

>>	Anonymous Fri Jan 29 17:27:09 2021 No.27082307 >>27078806 You mutts don't have flat taxes on capital gains?

>>	Anonymous Fri Jan 29 17:27:54 2021 No.27082385 >>27081987 Based. I've been trading these dumb meme stocks in mine. Once you make too much you'll have to open a regular IRA and do whats called a backdoor conversion to put money in. But you can still keep funding.

>>	Anonymous Fri Jan 29 17:28:16 2021 No.27082421 >>27081783 What? If you don't sell you don't pay

Anonymous Fri Jan 29 17:28:19 2021 No.27082427
File: 55 KB, 346x322, 1603348061002.png [View same] [iqdb] [saucenao] [google]

>>27078561
If you're a burger you still made like $2.5K profit after taxes.
Not bad
Not the $3.3k you thought it was but...
Ya know...
How are welfare queens supposed to buy their weaves if they don't get those bennies?

>>	Anonymous Fri Jan 29 17:29:06 2021 No.27082509 >>27082421 That's right. If you don't sell you don't pay. If you sell for BTC that is a tax event.

>>	Anonymous Fri Jan 29 17:30:54 2021 No.27082696 File: 1.37 MB, 207x207, 1568725442117.gif [View same] [iqdb] [saucenao] [google] >>27080164 this fucking guy here loooooooooooooooooool

>>	Anonymous Fri Jan 29 17:32:07 2021 No.27082825 >>27080164 asking the real questions

Anonymous Fri Jan 29 17:32:20 2021 No.27082847

>>27079075
How is memecoin a scam? It made me $512 in one day. I sold it last night and bought more this morning when it went back down to .03. I made money and bought more bitcoin with it. Also I still kept some doge just in case it's gonna get pumped some more. What part of it is a scam? The fact that it's actually worthless?

Anonymous Fri Jan 29 17:33:43 2021 No.27082980
File: 52 KB, 1024x571, 1560301696004.jpg [View same] [iqdb] [saucenao] [google]

>>27079745
>>27078561
Your profit is just counted towards your income. So if you made $10k profit on the stock and make $30k a year normally, you'd be at $40k. So you would just be taxed as if you worked and made $40k. If you hold an asset longer than a year and make a profit then you'd be taxed differently (capital gains).

>>	Anonymous Fri Jan 29 17:34:02 2021 No.27083030 File: 111 KB, 256x256, 1588869502941.png [View same] [iqdb] [saucenao] [google] If I sell at a slight loss do I have to put it on my taxes? Especially if I'm a NEET?

>>	Anonymous Fri Jan 29 17:34:46 2021 No.27083104 File: 70 KB, 710x823, wojak_brain.jpg [View same] [iqdb] [saucenao] [google] >>27080373 Big brain play.

>>	Anonymous Fri Jan 29 17:36:06 2021 No.27083252 >>27080717 Start a non-profit. Donate all your money to it. Works for the Clintons.

>>	Anonymous Fri Jan 29 17:36:38 2021 No.27083308 >>27080164 claim tribe status

>>	Anonymous Fri Jan 29 17:37:12 2021 No.27083383 >>27082292 He's probably traded crypto. I've hardly traded any stocks either. I got in at $206 and out at $320. I've been trading crypto for years though.

>>	Anonymous Fri Jan 29 17:38:59 2021 No.27083574 >>27082847 You won 1 time $1000 + 100% =$2000 $2000 - 50% = $1000 $1000 - 90% = $100 Now you have to make $100 + 900%= $1000 to break even..

>>	Anonymous Fri Jan 29 17:40:04 2021 No.27083703 File: 306 KB, 600x900, 1603239872757.jpg [View same] [iqdb] [saucenao] [google] >>27079687 >even in Florida fucking kek Sadly the south lost fren

>>	Anonymous Fri Jan 29 17:40:50 2021 No.27083796 >>27078699 >>27078712 >>27078828 >>27078990 >>27079105 No capital gains tax in Waffleland. Having a globohomo government works out in my favour for once.

>>	Anonymous Fri Jan 29 17:42:15 2021 No.27083942 >>27081746 >Make account on Etoro or Revolut any specific reason as to those two in particular or does it not matter

>>	Anonymous Fri Jan 29 17:42:24 2021 No.27083965 /biz/ what happens when I get diversified? Do I just win forever?

Anonymous Fri Jan 29 17:42:42 2021 No.27083991

>>27082847
or worse

$1000x 100%= $2000
2000% - (sitting at 90%) and you don't sell for a year.

Tax time comes you owe $500
Welcome to 2018-2019
Most of us still have a bunch of coins that are still down 80% from 2018

Alot of you bought them in Doge today.

>>	Anonymous Fri Jan 29 17:42:49 2021 No.27084012 >>27083796 Are you sure my fellow belgian wont these kikes in our goverment try to steal anything?

>>	Anonymous Fri Jan 29 17:44:01 2021 No.27084136 >>27083965 They just glue a pornstar onto your dick and bring you limitless cocktails and drugs forever.

>>	Anonymous Fri Jan 29 17:44:14 2021 No.27084157 File: 290 KB, 1080x2280, Screenshot_20210129-144336_Brave.jpg [View same] [iqdb] [saucenao] [google] >>27083942 >etoro Use moomoo.

>>	Anonymous Fri Jan 29 17:45:03 2021 No.27084248 >>27080493 Turn it into cash and go hide the woods.

Anonymous Fri Jan 29 17:45:11 2021 No.27084258

>>27083965
You can claims losses and minimize your down size.

10 stocks at $1000 each
One goes to zero.
What % of your port did you lose ?
10%
Now do this. Set a stop loss on each stock for 25%
Whats the most you can lose on your port from that stock that went to 0 ?

Hint you lost $25 or 2.5% of your port.
So yes diversify and set stop losses ON EVERY FUCKING stock.

>>	Anonymous Fri Jan 29 17:45:17 2021 No.27084266 >>27079745 You fucking idiot lmao

>>	Anonymous Fri Jan 29 17:45:35 2021 No.27084300 >>27084012 VLD/MR/NVA got rid of the capital gains tax to please their donors in 2017. They clearly didn't foresee the retail uprising. I there's a small tax for trade accounts above 1 million euro. Sadly I'm not even close to that.

>>	Anonymous Fri Jan 29 17:46:12 2021 No.27084362 >>27082427 Remember to continue to only blame poor people.

>>	Anonymous Fri Jan 29 17:47:15 2021 No.27084475 File: 234 KB, 2048x2048, 1597105201548.jpg [View same] [iqdb] [saucenao] [google] >>27080164 >>27079745

>>	Anonymous Fri Jan 29 17:47:19 2021 No.27084482 >>27084258 This is bad advice for most users on RH/etoro etc. If your broker isn’t very clearly making money on every trade you make, they are very unclearly making money on every trade you make.

>>	Anonymous Fri Jan 29 17:49:14 2021 No.27084674 >>27084157 why specifically moomoo, what does it offer that etoro or revolut doesn't? or does it not matter and i'm making mountains out of molehills

>>	Anonymous Fri Jan 29 17:50:38 2021 No.27084831 >>27084300 Okay thnx Is their a belgian community on reddit or something to learn all this stuff? Or a dutch one. Because these sarcastic retards arent trustworthy.

>>	Anonymous Fri Jan 29 17:51:27 2021 No.27084916 >>27084482 Yeah well you guys haven't gone through 1999 but you will. I lost 15% of my port because of diversifying and stop losses drilled into my head. My friends lost it all, to a man.

>>	Anonymous Fri Jan 29 17:53:49 2021 No.27085149 Yeah, you could have made 5x as much at least by holding

>>	Anonymous Fri Jan 29 17:53:53 2021 No.27085161 File: 39 KB, 600x600, 0e9.jpg [View same] [iqdb] [saucenao] [google] >>27084831 I learned the hard way from /biz/ pump and dumps. Now they are my bagholders.

>>	Anonymous Fri Jan 29 17:55:18 2021 No.27085322 >>27085161 So buy high sell low till your profits triple, Right? But anyway thnx

>>	Anonymous Fri Jan 29 17:55:52 2021 No.27085393 >>27078561 Pussy. That’s something you can’t catch

>>	Anonymous Fri Jan 29 17:58:59 2021 No.27085729 >>27079745 kek

>>	Anonymous Fri Jan 29 17:59:59 2021 No.27085823 >>27078561 Uncle sam will want his fair share

>>	Anonymous Fri Jan 29 18:00:44 2021 No.27085915 >>27079745 It's taxed as income. I think if you're a high roller or an institution then you have to pay capital gains, but not for the amount OP made

>>	Anonymous Fri Jan 29 18:02:59 2021 No.27086169 File: 1.79 MB, 1266x1362, 4l7kn4.png [View same] [iqdb] [saucenao] [google] >>27084916

>>	Anonymous Fri Jan 29 18:03:56 2021 No.27086254 File: 108 KB, 1280x720, invespls.jpg [View same] [iqdb] [saucenao] [google] >>27079255

>>	Anonymous Fri Jan 29 18:04:58 2021 No.27086358 >>27080493 this website is 18+

>>	Anonymous Fri Jan 29 18:06:10 2021 No.27086474 >>27078561 my tip for you anon dont get overly confident.

>>	Anonymous Fri Jan 29 18:08:02 2021 No.27086646 >>27081191 Me too fella. And the worst part is that I am brazilian and have to pay taxes do get raided by negros going to work.

>>	Anonymous Fri Jan 29 18:10:50 2021 No.27086949 >>27081551 Fuck, I loved this pyramid.

>>	Anonymous Fri Jan 29 18:11:49 2021 No.27087046 File: 6 KB, 250x200, 1564789314961.jpg [View same] [iqdb] [saucenao] [google] >>27086169 I see people posting about doing 20-125x positions. Where can you trade with those margins if you are a burger? I only have kraken and 5x set up so far...

>>	Anonymous Fri Jan 29 18:13:21 2021 No.27087200 >>27079745 Lol im with you OP i also know jack shit

>>	Anonymous Fri Jan 29 18:14:13 2021 No.27087277 >>27083991 Are you saying you have to pay 50% in taxes on something you don't sell?

>>	Anonymous Fri Jan 29 18:14:49 2021 No.27087337 >>27087046 Just find the pump and dumps. 10x'ed on doge in 1 day. Just remember to get out in time. Don't FOMO. First year of crypto I gained and lost 10k in a few weeks time on FOMOs.

>>	Anonymous Fri Jan 29 18:16:50 2021 No.27087556 >>27087277 Sorry it should have been 20% taxes and you did sell the 1st position. 1) $1000x 100%= $2000 20 $2000% - (sitting at 90%) and you don't sell for a year. 20% of $1000 owed on taxes.

>>	Anonymous Fri Jan 29 18:17:52 2021 No.27087662 >>27084916 Stop losses are great if you are working with an authentic broker The free apps are selling your activity data, and your stops are more likely to be poached (imagine if your bid/ask book included all stop losses)

>>	Anonymous Fri Jan 29 18:17:54 2021 No.27087665 How are you cashing out on binance? Converting to Tether/BUSD?

>>	Anonymous Fri Jan 29 18:19:33 2021 No.27087830 >>27079745 You fucking serious? You made PROFIT. Gubment knows you made profit anyways since you put in your SSN and bank info on your shares, dude.

>>	Anonymous Fri Jan 29 18:19:45 2021 No.27087853 >>27087337 Do you find the PnD's in a telegram or discord? It is hard to find where the people are planning these things and get in early.

>>	Anonymous Fri Jan 29 18:22:04 2021 No.27088092 >>27084916 Diversifying is supposed to be different investments not just stocks.

>>	Anonymous Fri Jan 29 18:23:28 2021 No.27088241 >>27087853 I mean, /biz/ has been shilling doge for weeks.

>>	Anonymous Fri Jan 29 18:23:45 2021 No.27088272 >>27087662 Really ? Ok I'm Boomerfied. That wasn't happening in 99. I guess get with an authentic broker. Wow that is fucked.

Anonymous Fri Jan 29 18:27:20 2021 No.27088650

>>27079788
How? I have no sympathy for people who have lost money during this bull, and the thing that pisses me off is that allowing hedge funds to hedge is what makes the golden bull. If hedge funds can’t hedge then when people get scared they will sell. The golden bull is dead, and you fucks killed it.

>>	Anonymous Fri Jan 29 18:27:29 2021 No.27088666 >>27088272 Yes, robinhood also operates on a moving spread. For some reason, they aren’t required to make that clear like other services do

>>	Anonymous Fri Jan 29 18:28:36 2021 No.27088781 >>27082307 Only if you keep it over a year than it's only 10% otherwise it's your income tax bracket.

>>	Anonymous Fri Jan 29 18:29:00 2021 No.27088831 Why is my "IP range" suspended from creating a new thread

>>	Anonymous Fri Jan 29 18:29:05 2021 No.27088837 >>27081104 What a kind soul

>>	Anonymous Fri Jan 29 18:32:54 2021 No.27089236 File: 36 KB, 600x402, Pepe236.jpg [View same] [iqdb] [saucenao] [google] >>27088666 Satan has spoken

>>	Anonymous Fri Jan 29 18:34:08 2021 No.27089361 File: 29 KB, 600x350, hairiest-110304-02.jpg [View same] [iqdb] [saucenao] [google] >>27088831 Jesus Ralphie did you jerk off the dog on Zoom again ?

>>	Anonymous Fri Jan 29 18:37:09 2021 No.27089673 File: 632 KB, 840x859, 36AF276C-A4A9-45E0-9DE2-9F7F7E54DD8E.png [View same] [iqdb] [saucenao] [google] >>27078561 >(370-132)*15/9=400 You make $400 per week?????

>>	Anonymous Fri Jan 29 18:38:08 2021 No.27089763 File: 198 KB, 768x1024, 1561282606034.jpg [View same] [iqdb] [saucenao] [google] >>27078561 Imagine not selling them next week for $5,000 each...

>>	Anonymous Fri Jan 29 18:49:51 2021 No.27090985 >>27079687 what do you think makes you special retard? you literally live in one of the worst states in the entire country

>>	Anonymous Fri Jan 29 18:49:55 2021 No.27090990 >>27088831 Because gookmoot is a cunt trying to trick us into buying passes.

>>	Anonymous Fri Jan 29 18:54:08 2021 No.27091398 File: 232 KB, 839x691, Screenshot_20210106-030400_rif is fun.jpg [View same] [iqdb] [saucenao] [google] So what happens on the weekend

>>	Anonymous Fri Jan 29 18:59:30 2021 No.27091891 >>27089673 Factory work, most likely. It's the common situation for most college grads.

>>	Anonymous Fri Jan 29 18:59:57 2021 No.27091927 >>27089673 Yes. $10 an hour, 40 hours a week.

>>	Anonymous Fri Jan 29 19:03:02 2021 No.27092231 >>27081551 >billion dollar industry on not paying taxes Just pay your taxes. Are you avoiding paying taxes due to religious or pacifist reasons?

Anonymous Fri Jan 29 19:03:09 2021 No.27092240

>>27079745
yes.
if you create value through a business or investments, you are taxed (by threat of government violence), and that capital you created is then given to the worst value creators in society, such as people with no skills, talent, criminals, economic migrants, etc.

you retarded wagie

>>	Anonymous Fri Jan 29 19:03:22 2021 No.27092256 >>27080164 Be Canadian and trade in your TFSA.

>>	Anonymous Fri Jan 29 19:04:03 2021 No.27092322 >>27078561 Praise Elon you paper hands bitch.

>>	Anonymous Fri Jan 29 19:07:10 2021 No.27092612 >>27078561 The catch is that you’re making it up. But if you were telling the truth, the catch would be that you got very lucky to time the market so well.

>>	Anonymous Fri Jan 29 19:08:31 2021 No.27092752 >>27078561 >Swap on 1inch with a few wallets >Make 5700$ couple days later Surely there must be a catch.

Anonymous Fri Jan 29 19:08:55 2021 No.27092791

>>27089763
>$5000
In theory....
except for the fact that the market makers(who facilitate the stocks being bought and sold), and short holders will ALL go bankrupt between 600-2000 (Melvin capital is probably already bankrupt @ $300)
so even if the stock is priced $5000, or $100,000, there will not be any market institutions to left standing to facilitate that trade.

>>	Anonymous Fri Jan 29 19:09:09 2021 No.27092822 >>27078561 The catch is that if you make one bad trade it will take several good trades to make up for it.

>>	Anonymous Fri Jan 29 19:09:20 2021 No.27092840 >>27089763 imagine being this retarded

>>	Anonymous Fri Jan 29 19:09:44 2021 No.27092875 File: 170 KB, 347x350, EHEHHEEHEH3.png [View same] [iqdb] [saucenao] [google] >>27089673

>>	Anonymous Fri Jan 29 19:10:18 2021 No.27092931 >>27079695 Source? Reverse has nothing.

>>	Anonymous Fri Jan 29 19:10:22 2021 No.27092935 >>27092791 they still have to pay me somehow, get fucked

Anonymous Fri Jan 29 19:13:22 2021 No.27093228

>>27092935
who is paying when they are bust?
the most you can get is value of the assets of the debtor (the short sellers own)
the WHOLE market went down 2% today, because these guys a selling off all thier other assets to meet this debt obligation.
past ~$2000 they all go bust

>>	Anonymous Fri Jan 29 19:16:03 2021 No.27093478 >>27081210 portia de rossi being gay is such a dissapointement :(

Anonymous Fri Jan 29 19:18:59 2021 No.27093781

The catch for me is I had 20,000 in unrealized gains on GME, and Reddit convinced me the hold instead of sell. I got out with only 8,000. After taxes it’s still gonna be 2 months pay, but I literally could’ve bought a reliable used car or close to a base Honda Civic brand new with my original gains.

For me it was always about the money, but I’m glad we got to see the shorts bleed and stirred up the hive.

Anonymous Fri Jan 29 19:34:26 2021 No.27095336

>>27080493
No because you elected politicians who steal your money to support their bloated social programs and policies that don't work.
>n-no i d-didnt
You are complicit in their continued control by ignoring the problem and sticking your head in the sand. Now pay up.

>>	Anonymous Fri Jan 29 19:36:43 2021 No.27095528 >>27078561 kek, you sold? I didn't realize the whole glass hands was a real thing. Trade crypto if you wanna harden them up. Im holding till next Wednesday at the least.

>>	Anonymous Fri Jan 29 19:53:19 2021 No.27097088 >>27080164 Have losses bigger than your gains to offset

>>	Anonymous Fri Jan 29 19:54:21 2021 No.27097193 >>27080264 Anon that is risky. It’s better to do this with your excess cash. GME is/was a smart move but banking your retirement on it is not wise.

>>	Anonymous Fri Jan 29 19:55:01 2021 No.27097254 File: 41 KB, 680x674, 1611937311308.jpg [View same] [iqdb] [saucenao] [google] >>27080164 You bet.

>>	Anonymous Fri Jan 29 19:55:31 2021 No.27097293 >>27078561 IF YOU USE ROBINHOOD YOU WONT BE ABLE TO CASH OUT LOL

>>	Anonymous Fri Jan 29 19:57:51 2021 No.27097511 >>27078561 Nice. You'll be able to buy many hours with a nice lady if you catch my meaning

Anonymous Fri Jan 29 19:59:22 2021 No.27097664

I have about 350k sitting in my portfolio between long term held stocks and crypto. I want to cash it all out but Im from a 35% capital gains tax country... thing is I have another passport for a shithole country with 0 tax. Can I really just go live there for ~190 days to be tax resident and withdraw my shit tax free? Is it really that easy bros?

>>	Anonymous Fri Jan 29 20:00:20 2021 No.27097746 >>27080326 Taxed on the sale. It’s not immediate but you need to include the gain in your 2021 tax return. Even if it’s reinvested you have to pay tax on the gain.

>>	Anonymous Fri Jan 29 20:03:31 2021 No.27098035 >>27080330 In burgerland look at Schedule D, capital gains and losses, just like stocks. If you have a good year but also have bags you will never get rid of, you can drop the bags and use the loss to undercut your gains and lower your taxes.

Anonymous Fri Jan 29 20:05:59 2021 No.27098225
File: 5 KB, 325x168, 1611794191692.jpg [View same] [iqdb] [saucenao] [google]

>>27080164
>>27079745
BREAK BREAK BREAK
THIS IS INDIA ROMEO SIERRA HOW COPY?

5 BY 5 IRS GO AHEAD

HE BOUGHT GME AND SOLD PERMISSION TO ENGAGE?

AFFIRM

ROGER

IRS, FOX 2 ON THE WAY

Anonymous Fri Jan 29 20:08:24 2021 No.27098437
File: 1.04 MB, 336x252, bonsoir.gif [View same] [iqdb] [saucenao] [google]

>>27078561
Bonsoir, Elliot.

The catch is the financial system ruled from the shadows by the financial elite is merely a facade, and the money you think you won are actually the scraps THEY allowed you to win. True financial freedom lies beyond the fake numbers printed on pieces of paper that THEY call money. Only after discarding their rigged system by embracing non-taxable anonymous trades made on decentralised exchanges can you truly call yourself a free human being.

Au revoir.

>>	Anonymous Fri Jan 29 20:08:43 2021 No.27098467 File: 173 KB, 527x571, file.png [View same] [iqdb] [saucenao] [google] >What do you mean I have to pay taxes when I make profit?

>>	Anonymous Fri Jan 29 20:08:57 2021 No.27098489 >>27080493 Yes, pivot some of your gains into something deductible. The money still goes somewhere but instead of going to the IRS it goes into your rental property that generates Schedule E income or homestead that generates Schedule F income.

>>	Anonymous Fri Jan 29 20:09:16 2021 No.27098519 >>27079745 yes lol

>>	Anonymous Fri Jan 29 20:15:03 2021 No.27099017 File: 122 KB, 1200x911, Coincidence.jpg [View same] [iqdb] [saucenao] [google] >>27080164 >Is there a way to avoid this? Be a member of the Tribe. They get away with everything...(for a while).

Anonymous Fri Jan 29 20:16:25 2021 No.27099128

>>27097293
the short sellers have gone bust, now most of the platforms are responsible for the short debt. the platforms wont let anyone cashout until its like $50

they will all pay $100m fines for it, but thats nothing compared to the 30-300billion they otherwise would have

>>	Anonymous Fri Jan 29 20:18:21 2021 No.27099273 >>27098467 0 tax in UK up to £20k

>>	Anonymous Fri Jan 29 20:18:21 2021 No.27099275 >>27078561 The first one's free.

>>	Anonymous Fri Jan 29 20:19:00 2021 No.27099330 The catch is it's a gamble, you gambled and won. If it had gone down today, you would've said it's rigged

>>	Anonymous Fri Jan 29 20:21:56 2021 No.27099553 >>27079745 For any securities you held for less than a year before selling, any profit counts the same as normal income. If you sell after holding for over a year, they are subject to capital gains tax which is usually much lower.

>>	Anonymous Fri Jan 29 20:23:53 2021 No.27099725 >>27080742 Does Uncle Sam pay his share when you lose?

>>	Anonymous Fri Jan 29 20:27:22 2021 No.27100019 >>27099725 No but he lets you deduct your losses from gains, and carry forward your losses into future years, so If you lose big, you won't have to pay taxes for years.

>>	Anonymous Fri Jan 29 20:39:01 2021 No.27101060 >>27078806 its 10% 37 is more corporation pay that

>>	Anonymous Fri Jan 29 20:41:54 2021 No.27101320 i never done these things before i was wondering how you pay the taxes when you sell? i have a decent acount just sitting in my checking

>>	Anonymous Fri Jan 29 20:44:38 2021 No.27101584 >>27093781 Where did you sell? You could have gotten out for like $420 as late as this morning.

>>	Anonymous Fri Jan 29 20:50:00 2021 No.27102016 >>27078699 There's no taxes in sunny & beautiful Puerto Rico!

>>	Anonymous Fri Jan 29 20:50:54 2021 No.27102094 im so mad i didnt buy when it was 130 probley way to late

Anonymous Fri Jan 29 20:52:01 2021 No.27102184
File: 70 KB, 607x814, b6ea189455ecb7fc2f7f24d2b26b9952.jpg [View same] [iqdb] [saucenao] [google]

>what the catch
Why do you think /biz/ never talks about taxes?
First, they never make anything, they're too busy losing money.
Second, no one likes talking about taxes.
To be fair, bongs have a 12.5k free annual profit they don't have to pay CGT on. I dunno how it works elsewhere.

Anonymous Fri Jan 29 20:53:03 2021 No.27102264

>>27078561
>>never bought stocks before
>>buy 15 shares of GME at $132 each yesterday
>>sell them at $370 today
>>made the same as I do for 9 weeks gross pay
>Surely there must be a catch.
Pay your tax on your profit, or they will find it for you, don't let this surprise you.
If you play the game there is a real risk, don't play with money you cannot afford to lose.
The stock market is a great means of trading money from the impatient to the patient, Hedge Funds ARE patient; anyone with stocks in GME prepare to hold.

>>	Anonymous Fri Jan 29 20:57:14 2021 No.27102593 >>27079745 Yes. That's why I am only here to get in on the GME squeeze and after than I will no longer dabble in stocks.

Anonymous Fri Jan 29 20:58:38 2021 No.27102712
File: 52 KB, 720x960, 1529725578733.jpg [View same] [iqdb] [saucenao] [google]

>>27080164
(1) Buy property
(2) Take out a loan with property as collateral
(3) Gov't can't tax debt
(4) Refinance loan when property value goes up
(5) Still nothing to tax and you live off loan
(5) Repeat ad infinitum

>>	Anonymous Fri Jan 29 20:59:11 2021 No.27102758 >>27079745 Three choices >401k it and avoid taxes till 60 >sell and pay capital tax/reinvest dividends >dont trade THEY WILL GET THEIR MONEY ONE WAY OR ANOTHER

>>	Anonymous Fri Jan 29 21:00:01 2021 No.27102835 >>27097254 That img Lmao

>>	Anonymous Fri Jan 29 21:00:19 2021 No.27102853 >>27089673 I make 400 per month.........

>>	Anonymous Fri Jan 29 21:01:17 2021 No.27102925 >>27079745 are you retarded?

>>	Anonymous Fri Jan 29 21:02:05 2021 No.27102985 >>27102758 Fourth option >never sell

>>	Anonymous Fri Jan 29 21:02:26 2021 No.27103012 >>27079745 >the average redditor

>>	Anonymous Fri Jan 29 21:03:34 2021 No.27103106 File: 72 KB, 250x245, 250px-Dead_Ringer.png [View same] [iqdb] [saucenao] [google] >>27080164 Use this

>>	Anonymous Fri Jan 29 21:04:36 2021 No.27103175 >>27080493 Shoot yourself in the foot with a shotgun, claim disability.

>>	Anonymous Fri Jan 29 21:21:15 2021 No.27104504 How do you newfags made all this money? You need 3 days to get a transfer to your account from your shit bank, a great obstacle right now for a new guy.

>>	Anonymous Fri Jan 29 21:31:27 2021 No.27105284 >>27083703 Imagine if Mel Gibson was in a Beyblade anime tho

>>	Anonymous Fri Jan 29 21:42:13 2021 No.27106083 >>27102853 KOL

>>	Anonymous Fri Jan 29 21:47:40 2021 No.27106549 File: 8 KB, 276x183, F9EACEA7-17D8-4144-8181-792E6BA60C97.jpg [View same] [iqdb] [saucenao] [google] >>27079745 Nigga U special

>>	Anonymous Fri Jan 29 21:49:19 2021 No.27106663 Can you guys stop replying to my post? I didn't mean to ask obvious questions, I never learned about any of this. Thank you for the serious replies, I appreciate those.

>>	Anonymous Fri Jan 29 21:50:48 2021 No.27106769 >>27078561 The catch is you make 20k a year and are too low IQ to do this 10x in a row

>>	Anonymous Fri Jan 29 22:01:44 2021 No.27107591 >>27081630 >dont even know what a short is lol

>>	Anonymous Fri Jan 29 22:03:03 2021 No.27107685 >>27081630 you sound like a wise investor. might i interest you in ETH?

>>	Anonymous Fri Jan 29 22:07:36 2021 No.27108033 You don't actually need to pay taxes for crypto don't report them and just say they're gifts if they ever ask Unless you have 100k in gains just forget about reporting those jews do the same

>>	Anonymous Fri Jan 29 22:08:46 2021 No.27108112 >>27078561 you're going to lose your ass there's not going to be a gamestop situation every year

>>	Anonymous Fri Jan 29 22:09:54 2021 No.27108205 >>27078561 you have to pay the max rate capital gains taxes on your profits because you didn't hold long enough

>>	Anonymous Fri Jan 29 22:10:04 2021 No.27108220 >>27078561 The catch is that one day you buy and it goes down. Poof. Gone. Now pay your taxes, goy.

>>	Anonymous Fri Jan 29 22:11:00 2021 No.27108305 >>27080164 no the IRS get's direct access to stock sale information you moron if you don't pay prepare to get boned and hard with no lube

>>	Anonymous Fri Jan 29 22:12:13 2021 No.27108406 >>27080650 /biz/ is a crypto board, we are just currently being inundated by redditfags who came here when wsb was temporarily shut down. Buy BTC

>>	Anonymous Fri Jan 29 22:12:38 2021 No.27108442 >>27080963 >Okay, are there any resources available to let me know what tax credits I can take advantage of? yeah the IRS tax guide. but as a stand alone dude with stock profit you ain't getting out of giving the IRS their roughly 38% cut.

Anonymous Fri Jan 29 22:15:16 2021 No.27108655

>>27082980
lol whut? better go read the tax guide retard as he still owes short term capital gains tax which is higher than if you hold and sell after a certain period. after that tax is paid he has to include his overall profit in his income and guess what? potentially get taxed again.

>>	Anonymous Fri Jan 29 22:16:24 2021 No.27108747 >>27087853 KEK this is the most totally not a SEC enforcement agent post I've ever seen in my life. God you fucking government goons are bad at your jobs

>>	Anonymous Fri Jan 29 22:17:55 2021 No.27108862 >>27093478 her being gay with Ellen is the worst fucking part of it all. literally nightmare fuel

Anonymous Fri Jan 29 22:18:19 2021 No.27108893

>>27078561
Sort of
The catch is everyone has to live like slaves so these guys can do this and much more

America is a plantation and the banks/wall street are your masters.
The media programs you to accept it.
Every so often they stage an event to cause you fear and keep you complacent, or enact some change they want.

The fight has always been vs these institutions, and hardly against each other.

>>	Anonymous Fri Jan 29 22:19:58 2021 No.27109036 >>27078561 Nah, the whole point of the stock market is so our masters don't have to do any work.

>>	Anonymous Fri Jan 29 22:20:24 2021 No.27109082 File: 766 KB, 857x1200, 1597910132314.jpg [View same] [iqdb] [saucenao] [google] >>27078561 its a pyramid scheme. people put money in = value goes up and people who react quickly can get big wins

>>	Anonymous Fri Jan 29 22:20:52 2021 No.27109116 >>27104504 nigga cash app has no wait. but you are limited to like 3 trades within a week buy or sell so you gotta play it smart

>>	Anonymous Fri Jan 29 22:21:29 2021 No.27109174 >>27093228 >who is paying when they are bust? American taxpayers Feed my European ass

>>	Anonymous Fri Jan 29 22:23:11 2021 No.27109299 >>27078561 yeah, the capital gains tax.

>>	Anonymous Fri Jan 29 22:25:01 2021 No.27109454 >>27092256 Noob here, can you really do this? I was going to close my TFSA since whatever I was making interest was the account fee every month

>>	Anonymous Fri Jan 29 22:25:39 2021 No.27109500 >>27081746 What do I do when Revolut inevitably lag and not proceed my buy during the dip on monday? And what do I do when Revolut decides to close my account for no reason and steal the 30k I gained after the big squeeze?

>>	Anonymous Fri Jan 29 22:28:07 2021 No.27109672 >made 3 cents off of a stock I-is this taxable

Anonymous Fri Jan 29 22:29:05 2021 No.27109737
File: 32 KB, 720x480, 1586281214337.jpg [View same] [iqdb] [saucenao] [google]

WAIT A SEC
HOL UP
LEMME
YOU MEAN TO TELL ME THERE ARE NIGGAZ HERE RIGHT NOW IN THIS FUCKING THREAD RIGHT NOW, DEEZ NIGGAS AXETUALLY PAY DEER FCKING TAXES ON CRYPTO?

HAHAHAHAHAHA NO FUCKING WAY NIGGA JUST LOOK AWAY. ALL EXCHANGES DON'T REPORT SHIT AND DONT REPORT TO THE IRS UNLESS YOU GO OVER 10,000$ AND LIKE MFING 20 TRANSACTIONS A YEAR
DEEZ NIGGAS DUM AFFFFFF

Anonymous Fri Jan 29 22:30:42 2021 No.27109862

>>27078561
You got lucky. Congrats. The Robinhood/Reddit mob are not investors. They’re gamblers. It’s a game. Under the guise of ‘sticking it to the man’ these folks are actually trying to make fast money without working for it. There’s nothing noble about being a pig. Taking a rabble of four or six million traders, hopped up on Internet chat, and throwing it against one security or asset to purposefully inflate its value is dangerous and irresponsible. It’s certainly not an ethical strike against boomers, market participants, brokers, investment funds or capitalism. But it is exploiting vulnerabilities in a system designed by people who never thought folks could be this stupid. Now we know.
What can go wrong?
Lots. Tons. The implications are large. Securities regulators are all over Reddit, Robinhood and the capital markets because what’s taking place sure smells like deliberate crowdfunding manipulation. The issue is simple: values purposefully detached from reality. This undermines market integrity where pricing is constantly scrutinized and adjusted (earnings reports, fundamental analysis, forward guidance, prospectuses, p/e ratios, macroeconomics, sector analysis – you know, the adult stuff). Yes, valuations get out of whack when investors make bets on the future, but this is new ground. This is inflation merely for the sake of creating notional wealth. Greed, personified. Turned into a video game.
The crowning achievement in this moronic, self-serving, narcissistic behavior is to cloak it in moral outrage. A whole bunch of people clearly think they’re victims, so it’s perfectly cool to slag their elders, victimize each other and screw up capital markets where most people’s family nesteggs, education funds and retirement bucks are housed. So they can be porcine.

Signed,

>t. Boomer
P.S. why don’t you get the fuck off reddit and go mow the lawn

>>	Anonymous Fri Jan 29 22:31:39 2021 No.27109946 >>27083030 If you sell at a loss its no longer income you retard. Death to anime posters

>>	Anonymous Fri Jan 29 22:31:53 2021 No.27109974 >>27109116 I'm euroshit. Don't have it here.

>>	Anonymous Fri Jan 29 22:32:28 2021 No.27110027 >>27083030 you just lose any neetbux if they get to know. neets are locked into government dependency

>>	Anonymous Fri Jan 29 22:32:48 2021 No.27110056 no, upper middle class and above have been doing it for decades or centuries, simple as

>>	Anonymous Fri Jan 29 22:32:52 2021 No.27110060 >>27109946 >Death to anime posters kys you fucking jew

>>	Anonymous Fri Jan 29 22:37:44 2021 No.27110528 >>27109862 140%

>>	Anonymous Fri Jan 29 22:38:11 2021 No.27110577 >>27079745 You owe taxes on the gain (370-132)*15 = 3570. Its called "short term capital gains", so it will be taxed as regular income for fed, and YMMV for state.

Anonymous Fri Jan 29 22:45:31 2021 No.27111206

>>27109862
Boomerest post I've read in a long time.
This is such a self absorbed work of art

You can whinge all day, but it's not going to change the feelings of completely disenfranchised youth.
They don't care. You can rationalize all you want. It's YOUR rationality based on YOUR feelings and YOUR values. Of which they share none. They don't care anymore. They're all dead broke.
You guys are completely afraid and trying to cling to a dead era and keep living a golden age, and you've been clinging to it so long you guys have been completely parasitic on the generations that came after you

Btw they're your ethics. Plenty of people thinking the banking system as a concept is unethical.

>>	Anonymous Fri Jan 29 22:46:30 2021 No.27111284 >>27109672

>>	Anonymous Fri Jan 29 22:47:41 2021 No.27111373 >>27080164 No, al capnone

>>	Anonymous Fri Jan 29 22:49:39 2021 No.27111525 >>27078699 Capital gains maxes at 20%. 80% of that is still a massive profit.

>>	Anonymous Fri Jan 29 22:50:55 2021 No.27111622 >>27082307 Up to 20% max on a progressive scale

Anonymous Fri Jan 29 22:51:18 2021 No.27111642

>>27109862
>The crowning achievement in this moronic, self-serving, narcissistic behavior is to cloak it in moral outrage.
I seriously cannot express enough how much you are doing that right now you utterly self absorbed hypocrite
Get your head out of your ass

Do you know how many kids are chronically depressed? Taking anti depressants as teenagers? The food everyone's eating. No access to health care. The insane vanity standards and obsession from commercial that makes everyone insecure. The explosive amount of information to process. The media propaganda fucking with everyone's head. Watching cities burn. Out of work. Delayed stimulus. Pandemic.
I've listened to so many teenagers say they've lost all ambition with life. All their goals and aspirations after the lockdown. Now they just sit in a room and game.

You guys got fucking memed into a carrot on a stick that only made you look ahead or above to see the next step on the ladder to climb and hardly anyone decided they would listen to youth. Just write them off.

No one gives two shits about your projections anymore.
The fact that you stan banks and wall street let's everyone know who you've sided with

Anonymous Fri Jan 29 22:51:49 2021 No.27111693

>>27109862
>This undermines market integrity where pricing is constantly scrutinized and adjusted (earnings reports, fundamental analysis, forward guidance, prospectuses, p/e ratios, macroeconomics, sector analysis – you know, the adult stuff).
lol that's all made up fag.

>>	Anonymous Fri Jan 29 22:53:07 2021 No.27111812 >>27084362 I'll remember to call out the kikes and niggers thank you

>>	Anonymous Fri Jan 29 22:53:16 2021 No.27111822 Can britbongs confirm the 2 12300 tax free capital gains allowance is legit? I could essentially gain 12300 a year and not pay a penny of capital gains tax?

>>	Anonymous Fri Jan 29 22:55:31 2021 No.27111972 >>27109862 people who believe that they arent gamblers when they "invest" in any non ipo stock are funny

Anonymous Fri Jan 29 22:55:34 2021 No.27111978
File: 50 KB, 640x683, 1611781419099.jpg [View same] [iqdb] [saucenao] [google]

>>27078561
The catch is that one of two things here are true:

>you didn't keep hodling cuz you're a smoothbrained retard who doesn't understand that the true valuation of gamestop shares exceeds that of the most expensive stock -- berkshire hathaway -- because melvin et al literally *must* buy *every* share back no matter how high of a price we set

>you're a goddamned kike shill trying to trick dumb goys into dumping gamestop stock so that your jew bosses don't get liquidated and continue to advance their nefarious plan to enslave the world and exterminate every race they fear

>>	Anonymous Fri Jan 29 22:55:52 2021 No.27112005 >>27079951 long term yes not short

>>	Anonymous Fri Jan 29 22:55:54 2021 No.27112007 File: 56 KB, 788x444, 1523942715544.jpg [View same] [iqdb] [saucenao] [google] >>27087853 Gimme a sec and I'll DM you an invite

>>	Anonymous Fri Jan 29 22:56:06 2021 No.27112020 >>27080164 Start a religion

>>	Anonymous Fri Jan 29 22:57:02 2021 No.27112112 >>27079745 The next play is to pay those taxes with a credit card offering a sign up bonus to recoup even more.

>>	Anonymous Fri Jan 29 22:58:46 2021 No.27112226 >>27079745 America is like another world wtf

>>	Anonymous Fri Jan 29 22:59:37 2021 No.27112288 >>27101320 You don't. You pay them when you file your taxes in 2022.

>>	Anonymous Fri Jan 29 22:59:56 2021 No.27112315 >>27109862 I'm not sure what this post says but I'm positive it's all bullshit.

>>	Anonymous Fri Jan 29 23:00:21 2021 No.27112347 >>27080164 based, tax evasion is a human right.

>>	Anonymous Fri Jan 29 23:04:39 2021 No.27112700 File: 951 KB, 1091x994, 20210129_190623.jpg [View same] [iqdb] [saucenao] [google] >>27079745

>>	Anonymous Fri Jan 29 23:07:00 2021 No.27112886 >>27111525 long term CG maxes at 20. Dont forget state. OR, for example, treats all CG as regular income, so thats 10% more.

Anonymous Fri Jan 29 23:12:20 2021 No.27113313

>>27081983
depends on your state laws too.

HEre in california, in combo wombo with fed laws as well
>taxed for everytime you buy a security
>taxed for everytime you sell a security
>taxed from the state from all reported financial gains in that year
>California likes to shekel out 37% taxes in total.

how to avoid?
>LLC
>if you report your losses higher than your gains (typical for businesses too)
and i am sure some more stuff, but that is the gist of it.

>>	Anonymous Fri Jan 29 23:12:54 2021 No.27113355 File: 97 KB, 1230x1313, B8DFFBFD-0E82-4EB2-B51F-797191283C19.jpg [View same] [iqdb] [saucenao] [google] >is a tax dependent >unemployed >no idea how taxes work The IRS is gonna rape me for under a dollar, aren’t they

>>	Anonymous Fri Jan 29 23:14:12 2021 No.27113461 >>27078712 What if I live in New Hampshire?

Anonymous Fri Jan 29 23:15:45 2021 No.27113588

>>27082292
The real question is, do you get money back on your taxes with your income? If you get money back on your tax return, then the government will take from that for your stock gains before asking for more money.
Take the other anon's advice though, put 20% into your savings and don't touch it until after you file your taxes next year and TurboTax (or where ever you file your taxes) tells you that you don't owe them anything.

>>	Anonymous Fri Jan 29 23:16:21 2021 No.27113639 >>27113461 Live free or die, fren

>>	Anonymous Fri Jan 29 23:16:59 2021 No.27113675 >>27078561 The catch is you got super lucky. GME is a once in a decade stonk and nefarious market forces brought it down low enough for you to get a good position this late in the game.

>>	Anonymous Fri Jan 29 23:19:16 2021 No.27113866 >>27079745 >what do you mean taxes? this made me feel less bad about my DOGE losses

>>	Anonymous Fri Jan 29 23:24:11 2021 No.27114241 >>27079745 You don't have to. Your broker will report it for you. But you better damn well pay it.

>>	Anonymous Fri Jan 29 23:38:37 2021 No.27115428 File: 87 KB, 845x925, C0FE538F-83E7-4B64-832C-2C2536CB69DD.jpg [View same] [iqdb] [saucenao] [google] guys i don’t even know how to pay my taxes i’ve never had a job that paid me enough to warrant it

>>	Anonymous Fri Jan 29 23:43:13 2021 No.27115768 >>27112886 Damn that’s true

>>	Anonymous Fri Jan 29 23:46:13 2021 No.27115990 >>27109862 Yea! tell em to read a book once in a while too!..

>>	Anonymous Sat Jan 30 00:01:08 2021 No.27117180 >>27109454 >Noob here, can you really do this? wtf do you mean? TFSA is the best thing since sliced bread. max that shit out asap my guy. account fees are peanuts.

>>	Anonymous Sat Jan 30 00:03:30 2021 No.27117358 >>27113675 I agree with this. Most PnD's don't work this way. This thing kept going 50% on a day, 100% on a day, over multiple days, it's up like 25,000% since its 52W low. Remarkably long amount of time for the music to stop.

>>	Anonymous Sat Jan 30 00:06:21 2021 No.27117576 >>27082385 wait you can in-kind and convert to a Roth from a trad once your income's "too high?" Fucking BASED

>>	Anonymous Sat Jan 30 00:07:23 2021 No.27117659 >>27084362 >it's the niggers' fault for jews lobbying for bribing them at my expense You act as if I can't just dislike both severely.

>>	Anonymous Sat Jan 30 00:08:10 2021 No.27117718 >>27109862 You sound like a zoomer pretending to be a boomer. And you're probably right, but I'm FUCKING HOLDING

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/biz/ - Business & Finance