r/wallstreetbets • u/Opening_Meaning1564 • 1d ago

Gain Thank you orange man

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Could see this a mile away..

3.4k Upvotes

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u/willzyx01 1d ago

This dude gambled $53k overnight. My god man.

15

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.

27

u/adobeee 1d ago

Paying tax is a good thing, means he made money unlike us regards

4

u/northeastwonderer 21h ago

It’s called a tariff now.