May 18, 2021 r/Superstonk Live AMA for Wes Christian. Statement @ 32:25: "THE PROBLEM IS THIS [naked short selling] IS CONTROLLED BY THE CABAL." There you have it folks! Q and the fight against the Cabal is going mainstream! When the Cabal falls, the rocket will soar! ?
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? B O O M ! ?
Don't forget the capital gains tax on that will be over $600k leaving you less than 1 million. That's still a shit ton of money though I'm just saying don't want to forget that.
How do you avoid this exactly?
As far as I know (and anyone please chime in if you know otherwise) the only way to not pay so much in capital gains tax is to have held on to the stock for over 1 year.
Also the %s vary per state and seem to be lower if you're married and higher the more your yearly income is.
To see a more accurate # just search 'capital gains tax calculator' and you can enter your state etc and see the amount for yourself. Warning it is painful but better to understand now than later.
Everyone who has stake in this should do so though because you'll want to make sure you set aside that amount otherwise you'll be in a pretty fucked position when tax season comes around if by chance you spent all of the money already and didn't hold on to it or invest it successfully or something.
I know the shit is pure robbery
Yes and Biden's talking about raising capital gains tax (only on long-term investments at least but still fuck that)