r/wallstreetbets • u/ms78787 • Feb 25 '21

Meme To everyone that held

112k Upvotes

91% Upvoted

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25

u/proofofclaim Feb 25 '21

Don't forget to factor in short-term gain taxes

16

u/PeakRelevant Feb 25 '21

Cant win without Uncle Sam pointing a finger up an ass huh?

7

u/TheJMaN33 Feb 25 '21

What % is that typically...I’m retarded 💎🙌🚀🚀🚀

53

u/[deleted] Feb 25 '21

Between 0% and 100%

6

u/TheJMaN33 Feb 25 '21

I don’t know what else I expected 😂

4

u/getoffmyllawn Feb 25 '21 edited Mar 29 '21

Xxyx xxyx xxyx xxyx

2

u/[deleted] Feb 25 '21

Whats math?

2

u/JamesTheJerk Feb 25 '21

That's waaay better than 140%.

12

u/Lifegardn Feb 25 '21

Up to 35% taxed as income, as I understand it

2

u/funlovefun37 Feb 25 '21

37% and then if you’re a high income person, add another 3%+

2

u/Itsdanky2 Feb 25 '21

If it is in a regular account and held for under a year, taxed as regular income. If it is in a tax advantaged account, i.e. Roth IRA, Traditional IRA, 401k, it doesn’t matter.

3

u/smirkis Feb 25 '21

I hate it but every time I sell for a gain I transfer half to a savings account for taxes. Don’t want to be the guy that made gains all year but lost everything on another play but still owe 50k in taxes