We all know the hedgies are fucked with their makes shorts and synthetic shares. We know the true price of GME and AMC will skyrocket beyond 20k/share. How does the DS attempt to reel it all in? Taxes.
If they can't stop us from giving up our shares I feel their last resort is taxation. This will not work.
They want to tax "unrealized gains". That means of your stock goes from $17.00 a share to $45.00 a share and even if you don't sell it you will get taxed on it. Want to see the economy collapse in under 24hrs? This is how.
This has already been ruled unconstitutional a century ago in Eisner v. Macomber. https://supreme.justia.com/cases/federal/us/252/189/
They know it is unconstitutional. They do it because they know they will get away with it UNTIL the SCOTUS ruling, which may take months or years - depending on how they play their hand.
And once they've taken something from you, even unconstitutionally, you'll have an extremely hard time getting it back ... and you'll likely not be able to afford the fight.
I have no idea about any of it, but I bought one share which split and if it goes that high....Hubba, hubba!!!!
Same here. I bought it not as an investment, but for purely entertainment purposes. Popcorn is popping.
I will post the same comment here that I posted on another thread regarding this same topic of IRS expansion. Obviously, whatever the IRS wants to do, they need real human beings to do the dirty work and not their AI.
Learn the lessons from the Tea Party. Organizations that are filing for tax exempt status by normal means will be crushed. Moving forward we need to be beyond the reach of the IRS. Why do you think they are hiring all those extra traitor employees? They will be woke no doubt because many Patriots are being culled. Besides going after non traditional forms of income, they will be building the framework to pull a Castro Mini Me Trudeau move on political dissent.
Learn about PMAs and 508s and circumvent the 501 rules. How do you think the wealthy have been getting around them? They always leave themselves loopholes in the system that the rest of us are clueless about. Until they actually change the tax laws, these options will stand.
Learn the Basics of PMA and 508 Business Structures
Five minutes in, sounds very promising.
That is what I thought. Waiting for someone that knows more about this to chime in.
10% for the big guy
20k a share… fucking shill. You forgot like 5 zeros.
Joking aside
This is market ending. You’ll have lots of fiat but it will be worthless. I’m not in to be rich I’m in to watch it burn and piss on the smashes before I die from a mob killing me for my corn kernel