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Bezos paid Trump $40 million for the 'Melania' documentary. Bezos saves $8 billion because of Trump's corporate tax cuts, while 17 million Americans lose health care. Corruption, plain and simple. Trump is illegally funneling $10 billion of your taxpayer money into a private "Board of Peace" he controls. Bypassing Congress, this unconstitutional power grab serves his own agenda while domestic programs are gutted. WHY ARE AMERICANS PAYING FEDERAL TAXES IF NONE OF OUR TAX MONEY IS GOING TO BE USED TO IMPROVE OUR LIVES? I don't know about YOU, but I don't WORK to give HANDOUTS to BILLIONAIRES! If the GOP is going to CUT all the programs WE PAY for, why should we pay?
Or you could charge $10 for services behind the Wendy’s. 10 appointments per day for a five day workweek is $500. PLUS tips are TAX FREE!!
Lol @ $TAX being on the stock tracker
Netherlands: 10-Year Crisis in numbers 💸 Foreign Aid: +46% increase (€6.6B) 🏨 Asylum: +127% increase in actual costs (€2.5B+) The Solution: 36% TAX on unrealized capital gains of citizens
You have 2 very good comments as of writing time. This was the 1st one. The other is from user RoverV shortly below. I would add to the list of brokerage accounts, 2 others: Lightspeed Trading and Fidelity. You will need to compare trading costs, minimum balance requirements, if the platform is available on your country, their conditions, laptop system requirements etc. Few things to know: 1- Because you're new and you will likely loose $$, when you open an account, AVOID these things if you can: options trading, margin account. Just open a cash account: you trade only what you own. You can opt in later. 2- Consider this is money you should be ready to loose, and you can afford loose. Meaning, hey i didn't throw away my diner, rent and scholarship, ok? You will be in learning mode in in the next 5 years. 3- If you buy and hold a stock for at least 1 year, you'll pay less tax than if you sell it earlier. Also, the more you trade, the more tax paperwork you will have to file the next year. 4- DO NOT buy stocks of energy/oil mining companies with super high dividends. DO NOT. They are usually Schedule K1 partnership types of company according to the IRS. Which means owning just 1 stock makes you technically a business partner AND YOU WILL THEN HAVE TO FILL TAX FORM FOR EVERY STATE THEY OPERATE. And filing them is not straightforward. You will spend hours and hours in filing taxes just for them. They are not for average retail investors. They require accountant tax skills. 5- Day trading is absolutely stressful and it's gonna impact negatively your life and possibly your studies. Just don't. Enjoy your college life. It's a one time thing that will never come back. Make great friends. That's more important. Once you graduate, making friends is super hard. Making money is way easier. Don't waste your college/university years. 6- Start with no more than 3 quality companies. If you're not sure what to buy, just buy 1 stock of 3 companies you enjoy. 7- Educate yourself, but do not buy into programs trying to sell you newsletters or the next big thing. For example, most Motley Fool articles are great read, but they will also try to sell you a newsletter or services like million of other people. Almost all these "pretending" successful people you will come across in videos or life, they did not become successful by trading or investing, but by selling a service: newsletter, book, coaching. One cool way to educate yourself? You can watch videos of Warren Buffet or videos of past earnings of his company. Pay attention to your accounting courses, it's the basis of everything behind a financial statement. 8- Most importantly, note down your assumptions: why you bought this, where you think it's going in the next 6 months, or in 1 -2 year. . And always revisit your assumptions. Always. You meed to understand what you missed, whether it goes up or down. At the end of day, a good investor is one who knows himself very well. Learning to fight your fear, when to cut your loss, understanding your limits... In this long learning journey, your worst enemy is not the market. It's just you. Everyone has their own way of trading or investing. It takes time, at least 1-2 years until you find what works best for you. Good luck.
SCHW has absolutely no floor one of the largest banks swinging like a penny stock option chain says its going to 93 which would be almost a 20 percent decline all because of some fucking AI (checks my notes) TAX PREP program what the actual fuck
Trump floats 100% TAX ON ALL AMERICANS
BESSENT SAYS CAPITAL GAINS TAX ON CRYPTO FOR EXCHANGE USE COMPLEX HAHAHAHAHAHAH, at least he has humor
In EU instant bank transfers are basically reality. Currently in my country all merchants must support electronic payments ether by payment cards or by QR scan from 1st of March. This can be possible only thanks to instant bank transfers. For many merchants which were complaining about bank fees connected to payment terminals and card companies there will be finally cheap option via scans of QR codes. And of course government is happy, because more electronic payments means less TAX frauds. TAX frauds were usually main reason why many merchants didn't want to support electronic payments.
ICE: TAX EVASION UNIT will be created
just to be clear about this, US-Citizen: If USA decides to invade Greeland, you guys rather make your European Trip now, because after that you will not be allowed to set a foot onto European ground for many years to come. Say Bye-Bye to Vacation in Ibiza and things like that. Just like the russian tourists, who are like "mimimi why no being nice to us anymore? we are not to blame for the war!" americans will exactly be dealt the very same way. And i very much hope EU sells its Dollardebt and YES FINALLY a TAX ON GOOGLE, APPLE, META!! ... to quote someones retarded Dad here "i dont mind if we lose all our money as long as we get greenland" --- Be careful what you wish for - it might get true.
just to be clear about this, US-Citizen: If USA decides to invade Greeland, you guys rather make your European Trip now, because after that you will not be allowed to set a foot onto European ground for many years to come. Say Bye-Bye to Vacation in Ibiza and things like that. Just like the russian tourists, who are like "mimimi why no being nice to us anymore? we are not to blame for the war!" americans will exactly be dealt the very same way. And i very much hope EU sells its Dollardebt and YES FINALLY a TAX ON GOOGLE, APPLE, META!! ... to quote someones retarded Dad here "i dont mind if we lose all our money as long as we get greenland" --- Be careful what you wish for - it might get true.
The Euro?!?! LOLOLOLOL You realize a currency MUST be backed by a single authority that can -TAX -BORROW -SPEND -ISSUE DEBT -BAIL OUT THE SYSTEM IN A CRISIS The euro cannot do this. The USD is backed by one gov + one treasury + one central bank. The euro is backed by 27 SOVEREIGN GOVERNMENTS each with -Different debt levels -Different politics -Different fiscal rules The European Central Bank controls monetary policy but it DOES NOT control fiscal policy There are so many more reasons why the Euro cannot an will not EVER be a reserve currency but I’m done wasting my time. You people legitimately don’t know shit about fuck
>we needed a 'study' to tell us import tax.. 'TAX' <- it's in the name!... raises prices?! The study didn't look at whether prices increased or not.
..umm.. we needed a 'study' to tell us import tax.. 'TAX!!'.. raises prices?! common sense left the planet.. like wtf
Why are the top tickers NATO, WAR, and TAX 😂
I really really wish the headlines would make it more obvious that "putting a tariff on XYZ country" is **AN IMPORT TAX ON AMERICANS**. I know you guys know this, but there's still a ton of bozos in the US that think other countries are footing the bill
Best thing about that it’s all TAX FREE
Go learn options again man. You’re foolish to even talk to me like that without doing the math lmfao All you would be doing is deferring the tax. With selling the options and rebuying, you are incurring the tax now, and not 88.8k buying power. If you defer the tax, you will have to pay it when you sell the stocks, and use 88.8k buying power. You are losing money. YOU ARE SIMPLY DEFERRING THE TAX! YOU PAY THE SAME AMOUNT ESSENTIALLY YOU ARE JUST LOSINF 88k BY EXERCISING BECAUSE YOU ARENT POCKETING THE PREMIUM.
NO SHIT! CAPITAL GAINS TAX. He would owe (roughly without knowing personal info) over $500k on next year's taxes.
this may not apply if held in an IRA (NOT FINANCIAL OR TAX ADVICE, just saying)
Lolololol DEPARTMENT OF GOVERNMENT EFFICIENCY! TRUMP TARIFFS, A TAX ON ALL AMERICANS! THE AFFORDABILITY “HOAX”! He’s completely lost his touch. He used to at least seem to speak on the shitty issues his shitty base cared about. He’s losing them QUICK.
At any age you can get access to your money in a form of a loan. The best part is that you don't sell your assets like in the 529, you borrow against the securities so the investments keep growing. In 20-30 years you can borrow again for retirement, again, tax free. When you die those investments pass to your kids on a step-up basis AGAIN, TAX FREE. This is how the wealthy families never run out of money.
Trade soybeans for cocaine and we sell and TAX the cocaine No fent too!
I predict the answer is conservative white women married to active duty military. There is a 100,000 TAX FREE death gratuity, some states give free college tuition, then there is the life insurance policy they paid for which could easily be hundreds of thousands of dollars, almost free health insurance for life (widow) and until 21 for kids through TRICARE, a TAX FREE monthly payment from the VA, survivors benefits and the TSP account funds. Maybe the Trump Administration will throw in a TAX FREE JEEP Wagoner for each widow that has at least one child. The possibilities are endless.
"Tariff other countries"... please.. how about TAX AMERICANS FOR BUYING ANYTHING.
US TREASURY SECRETARY SCOTT BESSENT SAID 2026 WILL BE THE LARGEST TAX REFUND YEAR IN HISTORY, PER FOX. My Zero-revenue-EV-pivot-to-AI-in-2025-company Calls are saved.
I PICKED UP MY ETHIOPIAN/IRAQI HYBRID CHILD Cabdiraxmaan Mamdani FROM A MINNESOTA BASED TAX LAUNDERING CENTER TODAY, I MEAN DAYCARE, AND REALIZED NO ONE WAS WATCHING HIM THE ENTIRE TRAM
Bulls in denial: THIS IS TAX LOSS HARVESTING RIGHT?!?
TAX man gonna haul my ass
Do you know where the cousin's money came from that was not taxed? The amount of post tax dollars they put into the policy can be taken out tax free. You know what else works like that? A Roth IRA. You can take out all the post tax dollars you contributed TAX FREE. You know what does not charge a commission or have high fees? A Roth IRA. You know what has a better return than a Whole/Universal/Variable/Indexed Life insurance policy? A Roth IRA. Insurance companies charge you commissions, high fees, and give you a return of 5-6%. If the market returns 20% guess who gets that extra 14%, not you. Although, the insurance companies have been giving out special dividends this year to policy holders to compensate for the three year market boom. Buy Term Life Insurance. Invest the cost difference of the Whole Life - Term Life into a Roth IRA in the S&P 500 Index. I guarantee the Roth IRA will be worth more than the death benefit and the cash value of the policy after 30 years. We did this. We are self insured now. Meaning, our investments are worth more than the $500,000 whole life policy we had purchased as seniors in college and threw money at for around eight years. We surrendered those policies and never looked back. Life Insurance is needed to protect assets and loved ones. Term Life accomplishes that. After 30 years our term life policies expired, our children are grown adults on their own, our house is paid off, our cars are paid off the only thing we have to protect is each other. Since we have many assets, if either of us dies, the other can live a cushy life, If we both die, our kids are millionaires.
Lol @ TAX being most mentioned this time of year
How's my short strangle on TAX doing?
3.5% is absolutely nonsense. A top rate cash isa which equally safe for deposits up to £120k protection pays 4.27%. If you put that into a ftse tracker, last year you would have made over 20% but that’s hindsight. Personally, you don’t have the knowledge or the investment time frame to lower the risk of investing in companies as you need the money soonish. Your grandad 5 year perfect in one of the longest bull runs doesn’t impress me much. I would look at trackers or if you want to lower risks, leave some in cash if you must. Ultimately a qmmf is better than most cash rates. Finally. UTILISE THE ISA EVEN IF JUST HOLDING CASH TO SHEILD FROM TAX On another question. Does anyone here recommend premium bonds? Seems like garbage to me unless trying to offset tax
We max our Roth IRAs together. I max out hers; she maxes out mine. In the end, it’s our money. And when she wasn’t working, I maxed out hers with my income. Why? TAX FREE WITHDRAWALS
remember is TAX break cheater month for the big guys and shorts. so while they crash you favorite ones so they can cheat on taxes by claiming losses and buy cheaper in January. You too can buy cheap this month too
I think about not just for 🥭 but all those press conferences who are half the people behind the guy at the podium, why are they there? What do they do? Do they exist outside of a press conference about a shooting or some sortve natural disaster WHY ARE MY TAX DOLLARS PAYING THESE PEOPLE?? So many beautiful mysteries
TAX is on the billboard hehe. I don't need to pay any.
TRUMP ADMINISTRATION PLANS TO BOOST TAX BREAK FOR CORPORATIONS The collapse will be glorious.
He said we're going to abolish taxes using tariff revenue. He doesn't even understand that tariffs #ARE A TAX!
This quarters figures were propped up by the 2.7 billion Ampere sale. Thats $0.93/share of the earnings PRE TAX. So best case that reduces their actual EPS down to $1.33/share, making it a 19% miss without that sale, and even worse when you consider the 21% federal corporate tax rate and Texas' 0.75%. Copied from someone who posted this yesterday.
What has his dedication to his beliefs done? He's a multimillionaire off the back of the US taxpayer and has done nothing to improve the life of the average citizen. Should I become a multimillionaire if I say "WE SHOULD TAX BILLIONAIRES!" when I say it in a dedicated fashion? He's a hypocrite with multiple houses, and had to change from millionaire to billionaire statement because HE is a wealthy millionaire while generating negative return for the US.
Never heard of a stock TAX Is that the feds?
TRUMP: I BELIEVE IN THE NEAR FUTURE YOU WON'T HAVE INCOME TAX TO PAY Buddy is talking directly to me after seeing my market performance over the last month.
3.5% (OP’s number from above), TAX FREE, sounds like putting the money in SGOV and paying taxes. Not to mention what index funds would return, or equity in real estate.
It’s not one or the other. Best if it’s both. Did you miss TAX FREE?
Removal of INCOME TAX = Bullish? more money to spend on $GOOGL shares/Calls?? RIGHT! $330 GOOGL??
>~~TAX FREE~~ CAN'T ACCESS YET GOOGL GAINZ (ROTH IRA DEGEN) Hey hey. So I'll have one double hamburger. One hamburger protein style and animal style. To go. Nah I don't want fries or drink. Apple pay...... I don't need the receipt. Thanks.
For the outsiders: a TFSA is Canadian equivalent of a Roth EXCEPT you can withdraw earnings from a TFSA at any point tax free. So bro basically won the lottery (yeah we don’t know the time frame but likely it was a hit on a high risk move), could have pivoted to a safe index fund within the TFSA paying NO TAX and taking out whatever they wanted or…. the alternative.
Im not buying now , because it’s not still over! Remember TAX season is coming and uncle SAM is waiting
Bruh, thats not haw MARGINAL TAX RATES work, MARGINAL
Ask yourself this, "can you live off 95% of your income?" If yes, put in 5% You must put in the minimum amount of money to get the maximum matching. Something like put in 5% and they match 2% so you are putting in 7%. PUT ALL OF IT IN THE S&P 500 index fund they offer. You have 35 years ahead of you. The S&P 500 has averaged 11% return each year over the last 40 years. Do not treat your retirement plan as a piggy bank. Once that money is in there, it is sacrosanct, never to be touched until retirement. If you need a piggy bank, start a Roth IRA. You can ALWAYS take out the amount of money you contributed TAX FREE.
lol TAX is on the board
Why is my TAX bill pinned at the top?
Better to pay down the debt, so we don’t have to keep paying billionaires interest on the debt they own. Speaking of which, TAX THE BILLIONAIRES to pay the debt!
I'm sure those will show up right after the DOGE checks 😂. He's only saying this because the Supreme Court appears they may rule that Trump didn't have authority to impose tariffs and everything collected may need to be refunded. The Trump Admins arguing the case stated Americans are the ones who pay the tariffs which makes it a TAX - that falls under the jurisdiction of Congress. Remind me now who's the fool again?
Here’s an idea. TAX THE RICH!
u/PuzzledArrival Whoever is giving you advice on opening a BACKDOOR ROTH IRA is very confused. I completed these transactions annually for clients. First, you don't need to complete a backdoor Roth IRA if your income limits allow for you to just open one. (Income limit listed below.) Second, if you do need to open the ROTH via the backdoor you cannot have other IRA accounts when you do it because you will run into the pro rata rule (you can research the very few ways to avoid the pro rata rule.) Third, the actual way to open a backdoor ROTH involves opening a traditional IRA account and depositing your AFTER TAX, NON-deductible contribution (Leave the deposit as cash.) On the same day open a ROTH IRA at the same broker and leave it empty. As soon as the next day or when your TIRA deposit check clears (varies by broker) convert the ENTIRE traditional IRA to a ROTH IRA. Make sure the TIRA is completely empty and request that the account be closed. Now, you have a Backdoor Roth IRA and now is when you invest your funds. Remember: You cannot deduct the traditional IRA contribution on your tax return, but you must include it as a non-deductible TIRA contribution on your taxes. Make sure to inform your tax preparer that you have created a Back Door RIRA. FYI- You can repeat this process every year. The 2025 MAGI limit to open a RIRA is 150,000 for single ppl. Honestly- I believe the back door Roth IRA loophole should be abolished! The Roth IRA was created to give lower/middle income earners an opportunity to save for retirement, but, of course, the tax attorneys & CPA’s came up with a loophole for their wealthy clients to work around the law. Best wishes!
Whoever is giving you advice on opening a BACKDOOR ROTH IRA is very confused. I completed these transactions annually for clients. First, you don’t need to complete a backdoor Roth IRA if your income limits allow for you to just open one. (Income limit listed below.) Second, if you do need to open the ROTH via the backdoor you cannot have other IRA accounts when you do it because you will run into the pro rata rule (you can research the very few ways to avoid the pro rata rule.) Third, the actual way to open a backdoor ROTH involves opening a traditional IRA account and depositing your AFTER TAX, NON-deductible contribution (Leave the deposit as cash.) On the same day open a ROTH IRA at the same broker and leave it empty. As soon as the next day or when your TIRA deposit check clears (varies by broker) convert the ENTIRE traditional IRA to a ROTH IRA. Make sure the TIRA is completely empty and request that the account be closed. Now, you have a Backdoor Roth IRA and now is when you invest your funds. Remember: You cannot deduct the traditional IRA contribution on your tax return, but you must include it as a non-deductible TIRA contribution on your taxes. Make sure to inform your tax preparer that you have created a Back Door RIRA. FYI- You can repeat this process every year. The 2025 MAGI limit to open a RIRA is 150,000 for single ppl. Honestly- I believe the back door Roth IRA loophole should be abolished! The Roth IRA was created to give lower/middle income earners an opportunity to save for retirement, but, of course, the tax attorneys and CPA’s came up with a loophole for their wealthy clients to work around the law. Best wishes!
**Tax the rich and corporations.** I ask you this. Would that pay package still be reasonable if corporations and the rich paid the fair share of taxes into the system as they should be doing for a system that built the economy that allows them to thrive? “But they already pay so much into the system.” Gee golly gosh it’s almost like that’s the entire point of the fucking system we had created in which has been so thoroughly dismantled at this point that it would be a mockery to call this economy anything else than what it is. **Trickle Down Economics.** I’m not even asking for wartime compensation packages like the 1940’s. Give me 1970’s tax rates and call her good. But this is ridiculously horse shit that the top…. TOP TAX RATE in the USA is 37%. Corporate is under 40 as well. You’re gonna try telling me that isn’t trickle down economics?
You heard it here first folks, No TAX on TITS! That's right, fake tits are now tax free
Okay, which one of you asshats put TAX on the big board?
burry knows its just a ONE TIME TAX BILL.
How long til people realize it was a ONE TIME TAX BILL???
You mean the TAX on Americans.
That's why Rockefeller did what he did. Paid up life insurance policy. Family members borrow against it. Then the borrower buys life insurance payable to the foundation. Once dead, the foundation collects TAX free death benefits. Self banking. Made his wealth last longer than anyone I know of from that era.
this man literally said "at least buy leaps so that you pay LONG TERM CAPTAIN GAINS TAX instead of short term gain tax" and then immediately said "thats how rich people pay no taxes" never go full retard fellas
Wow without the TAX change, META would have fucking crushed
Every last one of them TAX HIKES!!!!!
$5k of my ROTH into BYND. LETS FUCKING GO. TAX FREE SQUEEZE.
WTF, TAX, WAR- the most murican tickers
Trade in you Roth IRA TAX free Withdrawal what you deposit NO Penalty Need cash ? Take out a collateral loan against you ROTH IRA at 5.75 interest When you take out a loan Government have to print it When there’s more supply less valuable it is When dollar goes down assets go UP Your intrest is paying its SELF Be like the RICH avoid paying taxes 🤭 DXY
The top 1% pay 40% of FEDERAL INCOME TAX. But since they have 80% of the wealth, doesn’t it follow that they should pay 80% of federal income tax? Besides that, the poor, working class, middle class and even upper middle class pay a far higher % of their income in all the other taxes - property tax, sales tax, gas taxes, etc. If Elon Musk had “only” 40 billion dollars instead of 400, would that affect his lifestyle in the slightest? Of course not - but maybe he wouldn’t be able to buy elections so easily. It’s just so bad in so many ways for so few to have so much, while so many struggle to make ends meet.
Our idiot president gives his Argentina friend Javier government $20 billion of OUR TAX DOLLARS for a bailout while he continues to wreak our economy, job market and healthcare and then Javier smartly TURNS AROUND and sells his Country’s soybeans to China putting our farmers PUT OF BUSINESS!!! How any president be so hateful of our American Farmers?
*Truth Social premarket post @6AM* #CRAPTO WILL HAVE ZERO TAX FROM NOW ON 🇺🇸🇺🇸🇺🇸
ITALY TO CUT INCOME TAX, COSTING ABOUT €9 BILLION OVER THREE YEARS, ACCORDING TO OFFICIAL [https://x.com/FirstSquawk/status/1978137122344173653](https://x.com/FirstSquawk/status/1978137122344173653)
Bro this is such bullshit. How can Silver bulls keep getting away with it? There's no fucking deeps, going for 9 green WEEKLY candles in a row! Meanwhile all my shit is dropping down to the core of the earth. AND I HAVE 50k OF TAX DEBT PAYABLE NEXT MONTH I HAVEN'T TAKEN OUT THE CASH FOR FUCK
I saw a mention of tax...TAX! What's the tax on this money? Seriously! If sold at a 126% gain, what's the tax implication?
It’s not a tariff, it’s The TRUMP NATIONAL SALES TAX. That’s the true nature of it.
America First means Americans and our Needs first!!! Give me back my TAX DOLLARS!!
gives countries OUR TAX DOLLARS to buy weapons there, I fixed it for you
there is a famous photo on Reagan and a graph that was in no way accurate its this one [https://www.upi.com/News\_Photos/view/upi/0741ad502132da219d0bcc284421c3b5/PRESIDENT-REAGAN-USES-A-GRAPH-TO-ILLUSTRATE-HIS-TAX-CUT-PLAN/](https://www.upi.com/News_Photos/view/upi/0741ad502132da219d0bcc284421c3b5/PRESIDENT-REAGAN-USES-A-GRAPH-TO-ILLUSTRATE-HIS-TAX-CUT-PLAN/)
* EV sales surge in third quarter as EV TAX CREDITS expire*
Two things. If you have existing stock or assets that can sell off to pay back the loan if things go kaput, and youre certain you'll likely make back your money AFTER TAX, go for it. If your interest is 7 percent and your tax bracket is 20 percent, you'll need to get back 9 percent or more roughly. That's not hard to do if you invest in stable stocks with good history and good potential, but unh is not one of them.
remember a roth investment account requires you to actually purchase a stock, else the money just sits. but if you were to max out 7k/year (or whatever it gets raised to) and dump it into VOO that means not only the gains on the investment but NO TAX when you cash out that IRA. not a bad plan at all.
The premiums you pay in are TAX FREE distributions. You use post tax dollars to pay for this. Let's say you paid $1,000,000 in premiums, and it grows to be $1,400,000 The $1,000,000 you take out which is your premium is tax free, when you remove that $400,000 you pay taxes on the gains. You know what else does this and is low cost? A Roth IRA. If you make too much to do a Roth, you do a trad IRA then convert it to a Roth. I would have a real conversation with that insurance salesperson.
*"My understanding is that I have to pull all my money out of the 401K account and invest it in my Schwab account. I can invest this money in exactly the same way as it is in my 401K and still earn this 15 or so percent each year. My question is this, how can I invest this money without paying taxes on the investment and only pay taxes on the withdraw?"* Your understanding is partially incorrect. You would establish an IRA with Schwab, and then roll over your 401k balance to your IRA after you leave that employer. There is a process to do this that Schwab can help you with in order to avoid the IRS thinking you "withdrew" 100% of your 401k balance and hitting you with a tax bill for all of it as income. Thus, your 401k assets become IRA assets, where they continue to grow tax-deferred and you only pay tax on withdrawals. NOTE: THIS ASSUMES YOUR 401K IS 100% PRE-TAX, I.E. NO ROTH ACCOUNT. If your 401k is all traditional, i.e., pre-tax contributions plus employer contributions, you would establish a traditional IRA with Schwab and roll it into that. If some of your 401k assets are in a Roth account, then you would also establish a Roth IRA with Schwab and roll the 401k Roth assets into the Roth IRA.
I was gonna say dude got a TAX RETURN. Either he is a trust fund baby with a GREAT accountant or he is most likely just a regular dude with regular dude amounts of money.
The gov now owns a big chunk of Intel and he is pretending to invest on our behalf with OUR TAX MONEY that he stole and put in a sovereign wealth fund that no one in Congress approved
STRIP CLUB GIANT RCI HOSPITALITY CHARGED WITH TAX FRAUD AND BRIBERY OF TAX AUDITOR *THE COMPANY BRIBED TAX AUDITORS WITH FREE LAP DANCES FROM STRIPPERS & TRIPS TO ITS CLUBS IN MIAMI *THE TAX AUDITOR WAS GIVEN UPTO $5,000 PER DAY FOR LAP DANCES AT RCI OWNED CLUBS How can someone possibly get $5k of lap dances daily.
##*THE TAX AUDITOR WAS GIVEN UPTO $5,000 PER DAY FOR LAP DANCES AT RCI OWNED CLUBS Lmaooooooooooooooo, you dirty sumofabish
You gained half the wealth AND have to pay taxes. In no scenario is $37.5 in gains (realized or otherwise) better than $68.50 in gains. You lost half the wealth thinking you are a day trader. Worse in AFTER-TAX terms you will have even less. Every dollar paid in taxes now is a dollar you can't invest. >Statistically speaking, is it better to hold a stock or to keep on trading it daily to earn higher profit? You DIDN'T earn a higher profit. You pissed half of the profits away.
You’re not understanding the comment; at a 37% ted bracket you need to initially EARN over 37% more money to contribute the same total to a ROTH. Because they are POST-TAX funds. Using a simple comparison calculator online will show you that your assessment is incorrect.
The mental gymnastics lol. MAGA are so funny (in a “it’s scary that people like this exist” kind of way). Like… Trump is being misled? The same Trump who fired the BLS commissioner because he didn’t like the numbers? The same Trump demanding rate cuts even though “the economy is booming”. The same Trump who said Tariffs are bringing in “Trillions of Dollars (actually only 28 billion in TAX money). The same Trump who says there is no inflation yet it goes up every month. Yeah… I’m pretty sure Trump knows the numbers. The numbers are a product of his policy. It is by design. Tariffs are not a weapon against foreign nations, they are a weapon against the American people. Some MAGA will eventually get it. Most will not.
On the other hand, all gains are TAX FREE!!!!!! (and losses are not deductible)
Scott Bessent Urges a Fair and Independent Review of the Federal Reserve Covering Monetary Policy, Regulations, Communications, Staffing, and Research BESSENT: WHEN THE TRUMP ADMINISTRATION SHIFTED TOWARD TAX CUTS AND DEREGULATION, THE FED’S FORECASTS WERE TOO PESSIMISTIC- WSJ