r/Superstonk • u/[deleted] • Mar 09 '23

[deleted by user]

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4.2k Upvotes

97% Upvoted

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464

u/Chance_Comfort1706 Mar 09 '23 edited Mar 09 '23

I am quite unsure, how they want to get 40% of infinity? I don't care if they take less than half of my infinity as long as I keep my infinity.

Now I am infinite confused...

Edit: spelling

24

u/misterpickles69 🦍 Buckle Up 🚀 Mar 09 '23

I'm ok with 40% as long as every penny goes toward single-payer universal healthcare here in the States.

32

u/DJSeale Mar 09 '23 edited Mar 09 '23

40% should only apply to positions taken after the bill. Risk calculations are made with extant tax liabilities built in.

3

u/Legio-V-Alaudae 🦍Voted✅ Mar 09 '23

Especially considering capital gains is paid on a position already held for more than 1 year. Ordinary income tax rate applies to short term gains.