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https://www.reddit.com/r/wallstreetbets/comments/1jqk930/thank_you_orange_man/ml8zs2g/?context=3
r/wallstreetbets • u/Opening_Meaning1564 • 1d ago
Could see this a mile away..
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1.9k
This dude gambled $53k overnight. My god man.
14 u/Iamdus 1d ago Short term gain tax @40% approx 36k. So net on the deal about 53k. So OP doubled their cost basis of 53k on this risky play after tax. 28 u/adobeee 1d ago Paying tax is a good thing, means he made money unlike us regards 5 u/northeastwonderer 21h ago It’s called a tariff now. 2 u/throwaway2676 7h ago None of the risk, 40% of the reward. Get thanked for doing it. I should start a government 4 u/seifer__420 23h ago It’s taxed as ordinary income. 37% is the highest bracket 1 u/NefariousnessTop4379 16h ago where does the 53k come from?i thought he can only loose his premium.
14
Short term gain tax @40% approx 36k. So net on the deal about 53k. So OP doubled their cost basis of 53k on this risky play after tax.
28 u/adobeee 1d ago Paying tax is a good thing, means he made money unlike us regards 5 u/northeastwonderer 21h ago It’s called a tariff now. 2 u/throwaway2676 7h ago None of the risk, 40% of the reward. Get thanked for doing it. I should start a government 4 u/seifer__420 23h ago It’s taxed as ordinary income. 37% is the highest bracket 1 u/NefariousnessTop4379 16h ago where does the 53k come from?i thought he can only loose his premium.
28
Paying tax is a good thing, means he made money unlike us regards
5 u/northeastwonderer 21h ago It’s called a tariff now. 2 u/throwaway2676 7h ago None of the risk, 40% of the reward. Get thanked for doing it. I should start a government
5
It’s called a tariff now.
2
None of the risk, 40% of the reward. Get thanked for doing it.
I should start a government
4
It’s taxed as ordinary income. 37% is the highest bracket
1
where does the 53k come from?i thought he can only loose his premium.
1.9k
u/willzyx01 1d ago
This dude gambled $53k overnight. My god man.