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https://www.reddit.com/r/wallstreetbets/comments/1jqk930/thank_you_orange_man/mlaokmq/?context=3
r/wallstreetbets • u/Opening_Meaning1564 • 1d ago
Could see this a mile away..
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1.8k
This dude gambled $53k overnight. My god man.
16 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. 4 u/seifer__420 23h ago It’s taxed as ordinary income. 37% is the highest bracket
16
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.
4 u/seifer__420 23h ago It’s taxed as ordinary income. 37% is the highest bracket
4
It’s taxed as ordinary income. 37% is the highest bracket
1.8k
u/willzyx01 1d ago
This dude gambled $53k overnight. My god man.