• frustrated@lemmy.world
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    20 hours ago

    The capital gains tax is hilarious. I wish some public figure would put out a public service announcement where they explain it “Bruh, if you buy $100 worth of stock, and then you sell it for $200, then you get to keep $185 (netting $85 in profit). If you think this is a problem, you are either a demon or a moron.”

    • MehBlah@lemmy.world
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      19 hours ago

      Except of course if you buy that stock and sell it short term its still taxed normally.