I love that hedge funds clearly show when they implode that they're throwing darts the same way that we are, just on way different scales Guess all you really need to be a hedgy is the ability to raise capital and one good year to back it up.
I love that hedge funds clearly show when they implode that they're throwing darts the same way that we are, just on way different scales Guess all you really need to be a hedgy is the ability to raise capital and one good year to back it up.
You fucked up now
so how do they calculate that, if you make a profit you owe taxes on it but if you never cash it and lose all that profit, then fuck off you still owe taxes on "winnings"?he had $1.4M in capital gain income
and isnt capital gains taxed at less of a rate than that, I thought it was like 15% or something, not 55%
If you never cash in and continue to hold the stock, you don't owe taxes on anything except dividends (if that stocks pays them). For example if I buy a stock in 2019 and it's up 100% in 2020 but I just keep holding, I report nothing at all about it on my taxes, except the dividends. It's only when you sell that you report gains or losses.
If you cash out at a gain, you do owe capital gains tax but that varies based on where you live so I'm not sure there but I think it's comparable to your income tax rate... you can offset your gains with losses but not at a 1:1 ratio The government it too sly for that, your losses only count at about half the rate of offsetting your gains for taxable purposes (depending again on where you live from my understanding).
Last edited by Godfather; 04-06-2021 at 02:01 AM.
PorkChopSandwiches (04-15-2021)
So it sounds like his capital gains, since they are short term instead of long term, would be taxed at the highest income tax bracket which is 37%
Bought QFIN this week
Coinbase is supposedly going public next week.
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PorkChopSandwiches (04-12-2021)
Just in case
https://www.marketwatch.com/tools/ipo-calendar
I open this webpage at least 3x a week.
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Godfather (04-10-2021)
Yeah I can imagine coinbase will do very well
Various estimates and predictions have Coinbase debuting tomorrow afternoon at around $400 per share.
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Godfather (04-14-2021)
Closed 14% down, glad I stayed on the sidelines for this one.
The regular Coinbase employees all got 100 bonus shares each today apparently. Good day for them....