@DouglasTS @Snack8_8 @alphaAlchemy@AOC But again this is only for stocks, as an individual you only get taxed on the amount of money you earn that goes directly to you, if they only pay themselves 100k a year that would be reflected on their tax payments
@DouglasTS @Snack8_8 @alphaAlchemy@AOC And again this is only related to stocks, so if you owned the company and you paid yourself 100m dollars a month from your business it would be taxed normally. But if your smart you will not pay yourself that much and just invest all of the money you make back into your business
@DouglasTS @Snack8_8 @alphaAlchemy@AOC Short term however works just like regular income tax, so people making bank of of day trading are also loosing a fair portion of it in taxes still
@DouglasTS @Snack8_8 @alphaAlchemy@AOC I agree, I think however there's a lot more to it than just 15% because that is purely off of income taxes, and that actually changes based on how much you make if you make more than a million dollars annually your probably looking closer to the 50% range purely off of invome tax