Still think TITNC3: Return of the Iceberg was peak

wont be the 1st time the ‘ market ‘ has been manipulated....................

 

what boom?

would love a 2/24 pump date lol
Keep us informed as I don’t keep up with all the Reddit forums or have any social media except this if you call it that...

 

only restrictions I saw were you couldn’t buy on margin - they wouldn’t loan you money to buy shares. So long as you had cash in account for the value of the trade no restrictions

 

Just a little bit of dogeshit, for fun lol

 

Skip to 7:20 and watch the interview with Cramer in 2006. Eye opening eh?

https://www.youtube.com/watch?app=desktop&v=QFfjX8dW-QQ

 

you all know it’s your marginal tax rate right

taxed as ordinary income...does everyone here know how the tax brackets work?

22% will not be what you pay unless you are making way up in the higher 30s% tax brackets
And usually folks in those brackets will own business and other assets to offset so much income their Adjusted Gross Income would be so low they might now pay much taxes at all.

I personally am in the 22% tax bracket but my effective tax (which is key) was like 9-10% last year. Since you are only taxed the amount of income within each bracket on your way up....take your total taxes and divide it by your adjusted gross income and see what your actual tax percentage is...it won’t be 22%

 

I have a funny dogeshit story...

So at our house we have a doggy door so our two dogs can go in and out at will. One of my dogs is an 11lb mini weiner dog. He hates rain, snow, wind, and generally anything that's not 82 degrees and full sun.

He also knows that he has to go outside to go to the bathroom.

A few years ago, we had a nasty snowstorm roll in. Blowing sideways and COLD. I was sitting on the couch watching him by the door, knowing he was steeling up his nerves to go out.

He gets his front half out into the blizzard and just poops right inside the door. Couldn't even be mad, he made the effort lol

 

We all know this deep inside
But insane how casually they don’t care to wipe out you and I to meet some damn goals

nothing personal

insane

 

Translation: Trade these with your own funds if you want, but we ain’t loaning you shares or money to do so.

Doesn’t seem unreasonable to me?

 

Yah, not unreasonable, but WF are such a bunch of rich stodgy old fuckers I never thought I'd see something come out from them. Everybody from the top down is battening down the hatches.

 

Three most important words for a man to have a happy marriage:

“You’re right, Dear!”

 

Dont forget state income tax... 6% here, different elsewhere.

 

oh shit
I would move

I can’t imagine paying a state tax
Goodness they take enough!

 

Since I'm new to all of this, when do you pay taxes on this? Do you pay on all earnings or just when you take it out of the account?

 

Shrug. Worth it to jump into the lake off my dock and know I’m at the top of the food chain...

 

Well, in 2022 when you do your normal taxes, unless you ball totally out of control and get rich somehow. Then I think you have to start paying quarterly in anticipation of the next year.

I'm hoping to have to figure out this problem myself next week.

 

taxes owed on gains in the tax year you sell — so sell today make $100, counts as 2021 income when you file by Apr 15 2022

Google up “realized gains vs unrealized gains” as well as short term and long term capital gains.

 

My state taxes are worth the view.

 

How does that work?

 

Honestly I would have to read up on it but if it’s a large amount (forget the %)
You have to remit taxes quarterly as estimated tax payments (assuming you are making significant gains)

If you don’t and you owe too much at tax time they penalize you and you might pay a penalty and interest.

the government doesn’t like to “loan” you want you owe them

but you can make 0% interest loans to then year round
Great deal