I paid over $4200 last year to the IRS. Worst was when I owed over $8k.
All because my stocks did well, I sold them, and lived off of them until I could find a job. The fact I was living off of investments instead of taking fucking welfare cost me money.
Clearly, the "safety net" is not for those of us who keep their shit together.
The "welfare state" was actually started by a German politican most people today consider "conservative" as a way of staving power shifting to commies and their related dumbasses. He outright stated it was a means of buying votes.
Chancellor Otto von Bismarck really hated the Communists, his old age pensioner fund was the only viable success out of his attempts to subvert the Marxists.
Yeah, I'm not really in the mood to take a loan out of my own money just to pay it back. Maybe it'll earn a little interest in my savings account so I can make a few cents for storing my own money for later disgorgement to the IRS.
He’s referring to the possbility that the payroll taxes will have to be paid back to the government, which basically becomes a loan at 0%. The rest of his comment is rhetoric about the absurdity of savings interest.
It makes my butthole hurt for sure. Uncle Sam doesn’t use lube.
Thank god I live in a state with no state income tax and not some shithole place like California that would charge me another 13.5% for the privilege of getting cucked by Newsom
This just got me thinking. If my stocks hit big and I want to sell, can I move to a state that has no income tax live there for 6+ months then sell? I totally forgot about state taxes, those MFs.
I’m glad that this type of bitter comment gets crushed here at TD where it would be hugely upvoted at cuck reddit. Success should be celebrated and emulated
I wish. 920 bucks in federal taxes my last check.
I paid over $4200 last year to the IRS. Worst was when I owed over $8k.
All because my stocks did well, I sold them, and lived off of them until I could find a job. The fact I was living off of investments instead of taking fucking welfare cost me money.
Clearly, the "safety net" is not for those of us who keep their shit together.
The "welfare state" was actually started by a German politican most people today consider "conservative" as a way of staving power shifting to commies and their related dumbasses. He outright stated it was a means of buying votes.
Why is it, that most of the problems in our world, dating back to the middle of the first millennia, came from Germanic people?
Related. Ignore the obvious ironic statements but it never fails to make me laugh.
But yeah, it pisses me off that people keep on attributing Austrian/Romanian/Prussian accomplishments to worst Germany.
Chancellor Otto von Bismarck really hated the Communists, his old age pensioner fund was the only viable success out of his attempts to subvert the Marxists.
Gains are taxed. If you lose or break even, you're fine.
Different tax rates for gains, depending on time. Long term gains are taxed roughly half the rate.
It really is BS that investing gets taxed. It kind of chokes investing by normies and keeps investing in the realm of the "professionals".
You take all the risk and the government says “nah, some of that payoff is mine”
I'll never understand why people do it. And they look forward to getting it back every year, instead of letting it draw interest for you.
Hmmm. Not interested in that case.
Yeah, I'm not really in the mood to take a loan out of my own money just to pay it back. Maybe it'll earn a little interest in my savings account so I can make a few cents for storing my own money for later disgorgement to the IRS.
ELI5?
He’s referring to the possbility that the payroll taxes will have to be paid back to the government, which basically becomes a loan at 0%. The rest of his comment is rhetoric about the absurdity of savings interest.
Lol bro. I will pay around $850,000 in federal taxes for 2020. Just in case you want to feel better
Are you hiring? Lol
Lol if you have extremely specialized knowledge and a huge appetite for risk
That made my soul hurt.
It makes my butthole hurt for sure. Uncle Sam doesn’t use lube.
Thank god I live in a state with no state income tax and not some shithole place like California that would charge me another 13.5% for the privilege of getting cucked by Newsom
This just got me thinking. If my stocks hit big and I want to sell, can I move to a state that has no income tax live there for 6+ months then sell? I totally forgot about state taxes, those MFs.
Riiiiight. ;-)
Believe it.
I spy a jealous child
I’m glad that this type of bitter comment gets crushed here at TD where it would be hugely upvoted at cuck reddit. Success should be celebrated and emulated
Yeah same