@Sean2562@YourAnonNews As for the tax deduction... it depends on the country, but most of the time, the loan is not tax deductible, but the interest the loan accrued is tax deductible. Bigger loans accrued more interest so it seems like they pay less tax but it's just that more of it's deducted π
@Sean2562@YourAnonNews There's this thing called a Secured loan. Its where you take out a loan and put up an asset equal to the value of the loan as collateral. People tend to put up their houses or cars, but you can also put stocks up as collateral. If you don't pay, the bank can legally repossess it
@PepinPeppie@YourAnonNews Ahhh, that makes sense. And there's no shame at all. Nothing hurts more than seeing numbers you want to go up, go down.
But yes, id wager the taxes are included in the management fee. As I said, it's usually a rather small amount only when the stock is purchased. π
@_Universal_7@grld_x https://t.co/mWVrq1pt7R
If you'd like, here's a short of someone who can hopefully explain it better than I can.
Explaining stuff has never been my strong suit. So, sorry if I confused you
@PepinPeppie@YourAnonNews Though I would be curious how it reads on your purchase invoice. If you slap down 10 bucks on the table, do they give you the whole 10 bucks in stock or do you lose a few cent
@_Universal_7@grld_x It was me who made it just now.
I just had paper on hand and paper is a bit soft and a bit bendy. I tried to avoid bending paper whenever I could but at the very end the circle sat snugly inside the hole.
I didnt have a 10 diameter disk otherwise I would have used that.
@_Universal_7@grld_x If the square is 5x5 then yes, the perfect diagonal would have been about 7.07
The circle i got through the hole is diameter 10, which is about as big as it can get because the circle that can fit through such a square hole is diameter=2Γthe side of the square
@PepinPeppie@YourAnonNews Its basically a "Securities Transfer Tax" which is usually a very small percentage of the value of the commission the broker charged.
This amount differs country to country, but for a large part of the world, yes. They do pay some tax on purchases too
@_Universal_7@grld_x For extra context, the square is a 5 by 5 and the circle is radius of 5.
This "trick" (not that it's actually a trick) takes advantage of the fact that 2 corners of the square are corners in a fold where the act of folding flattens out the angle until you are left with 2 lines
@_Universal_7@grld_x No it's real. For one, the video is way older than AI. Secondly, if you follow along you can fold it just like it's folded in the video, and it does work. The way it works is because you are folding the diamond in a paper in such a way as to fold out those harsh 90* corners