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Re: Windsortrader519 post# 7400

Tuesday, 03/09/2021 8:43:57 PM

Tuesday, March 09, 2021 8:43:57 PM

Post# of 23725
read my post. and it's not at your income tax rate. it's at whatever rate you fall in after your short term gains are counted. do some dd and educate yourself about how short term capital gains are taxed. if you make $500k short term gains in the market, you will pay 37% income taxes on those gains. and then you will pay your state whatever the highest rate is for income. and then you will also pay NIIT to the IRS as well at the flat rate of 3.8% on that income. do the math.
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