Current Events > Dude loses $30k to capital gains tax.

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Alucard188 07/09/24 12:14:11 AM #1:	https://tinyurl.com/2tputjk6 https://gamefaqs.gamespot.com/a/forum/a/ae6d2cba.jpg I was worried about this until I realised that I would never be rich enough for my investments to trigger that level of taxation. Also, he is a real estate investor, so fuck him. --- Face it Cloud is a gaming icon and has appered in lots of games while mario has only appeared in 2 games sunshine and 64~xSlashbomBx <cite>Alucard188 posted [p:981213908] in Dude loses... [t:80806368]...</cite> <quote>https://tinyurl.com/2tputjk6https://gamefaqs.gamespot.com/a/forum/a/ae6d2cba.jpgI was worried about this until I realised that I would never be rich enough for my investments to trigger that level of taxation. Also, he is a real estate investor, so fuck him. </quote> ... Copied to Clipboard!
BewmHedshot 07/09/24 12:16:23 AM #2:	Sounds like he lost $25,000 to being a lazy dipshit <cite>BewmHedshot posted [p:981213923] in Dude loses... [t:80806368]...</cite> <quote>Sounds like he lost $25,000 to being a lazy dipshit</quote> ... Copied to Clipboard!
MarcoRubio 07/09/24 12:31:02 AM #3:	I mean, it's kinda his fault --- Enjoy New England Coffee's new line of coffees, Dark Roast Select, offering you a new way to drink it darker! <cite>MarcoRubio posted [p:981214022] in Dude loses... [t:80806368]...</cite> <quote>I mean, it's kinda his fault </quote> ... Copied to Clipboard!
1337toothbrush 07/09/24 12:34:32 AM #4:	He didn't lose it, he just didn't gain it. --- https://imgur.com/a/FU9H8 - https://i.imgur.com/ZkQRDsR.png - https://i.imgur.com/2x2gtgP.jpg <cite>1337toothbrush posted [p:981214045] in Dude loses... [t:80806368]...</cite> <quote>He didn't lose it, he just didn't gain it. </quote> ... Copied to Clipboard!
action52 07/09/24 12:36:30 AM #5:	Oh boo hoo, he had to pay taxes that were higher than he hoped (but still less than people pay for actually doing work), because he put it off until the last minute, that must have been so terrible for him. --- man - noun. A miserable pile of secrets. EXAMPLE: What is a man? A miserable little pile of secrets. But enough talk, HAVE AT YOU! <cite>action52 posted [p:981214066] in Dude loses... [t:80806368]...</cite> <quote>Oh boo hoo, he had to pay taxes that were higher than he hoped (but still less than people pay for actually doing work), because he put it off until the last minute, that must have been so terrible for him. </quote> ... Copied to Clipboard!
pedro45 07/09/24 12:38:13 AM #6:	Alucard188 posted... I was worried about this until I realised that I would never be rich enough for my investments to trigger that level of taxation That's exactly it with people owing taxes. You almost feel bad when you hear someone owes a bunch of taxes. it is more they didn't pay a bunch of taxes. the people deserve those funds he kept to himself --- Warning: Sometimes biased http://i.imgur.com/V0x5fw8.jpg http://i.imgur.com/IOovUge.gif http://i.imgur.com/zw7bqPH.jpg <cite>pedro45 posted [p:981214078] in Dude loses... [t:80806368]...</cite> <quote>Alucard188 posted... </cite><quote>I was worried about this until I realised that I would never be rich enough for my investments to trigger that level of taxation</quote>That's exactly it with people owing taxes. You almost feel bad when you hear someone owes a bunch of taxes.it is more they didn't pay a bunch of taxes. the people deserve those funds he kept to himself </quote> ... Copied to Clipboard!
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MagiMarthKoopa 07/09/24 12:45:19 AM #8:	Good <cite>MagiMarthKoopa posted [p:981214134] in Dude loses... [t:80806368]...</cite> <quote>Good</quote> ... Copied to Clipboard!
kingdrake2 07/09/24 12:49:25 AM #9:	shockthemonkey posted... Fuck him that's right. with the power of my irradiated arm. --- currently playing: Yakuza Kiwami 2 (ps4) RIP Sophie the dog: February 2011-april 2024. we'll miss you alot. <cite>kingdrake2 posted [p:981214164] in Dude loses... [t:80806368]...</cite> <quote>shockthemonkey posted...</cite><quote>Fuck him</quote>that's right.with the power of my irradiated arm. </quote> ... Copied to Clipboard!
UnholyMudcrab 07/09/24 12:52:25 AM #10:	I shall play him a tune on the world's smallest violin --- http://i.imgur.com/VeNBg.gif http://i.imgur.com/gd5jC8q.gif http://i.imgur.com/PKIy7.gif http://i.imgur.com/3p29JqP.gif <cite>UnholyMudcrab posted [p:981214184] in Dude loses... [t:80806368]...</cite> <quote>I shall play him a tune on the world's smallest violin </quote> ... Copied to Clipboard!
Luigi_and_Tails 07/09/24 12:52:53 AM #11:	Wow I thought Americans were gung-ho about working hard even if meant you got fucked with CGT. As a Brit I recently paid the equivalent of $30k in CGT... but it was a good thing. Even had friends congratulate me for being mortgage-free. It's genuinely surprising to see you folks not wanting life and liberty and whatever else is in your anthem. --- No, I'm not that one. <cite>Luigi_and_Tails posted [p:981214188] in Dude loses... [t:80806368]...</cite> <quote>Wow I thought Americans were gung-ho about working hard even if meant you got fucked with CGT.As a Brit I recently paid the equivalent of $30k in CGT... but it was a good thing. Even had friends congratulate me for being mortgage-free.It's genuinely surprising to see you folks not wanting life and liberty and whatever else is in your anthem. </quote> ... Copied to Clipboard!
reincarnator07 07/09/24 1:23:55 AM #12:	He paid his taxes, but how much did he actually make in order to pay such taxes? --- Fan of metal? Don't mind covers? Check out my youtube and give me some feedback http://www.youtube.com/sircaballero <cite>reincarnator07 posted [p:981214403] in Dude loses... [t:80806368]...</cite> <quote>He paid his taxes, but how much did he actually make in order to pay such taxes? </quote> ... Copied to Clipboard!
I_is_smart 07/09/24 1:30:55 AM #13:	Oh no, he had to pay more in taxes on his profits than millions of people make in a year... anyway. --- Tah-rah-rah-boom-dee-aaay, did you get yours todaaay? I got mine yesterdaaay, that's why I walk this way. i.imgur.com/FoxGIbC.jpg <cite>I_is_smart posted [p:981214437] in Dude loses... [t:80806368]...</cite> <quote>Oh no, he had to pay more in taxes on his profits than millions of people make in a year... anyway. </quote> ... Copied to Clipboard!
Tyranthraxus 07/09/24 1:35:24 AM #14:	pedro45 posted... That's exactly it with people owing taxes. You almost feel bad when you hear someone owes a bunch of taxes. it is more they didn't pay a bunch of taxes. the people deserve those funds he kept to himself Yeah. Shit like "Jeff Bezos paid 10 million on taxes and you want to tax him more!?" Like bitch that's less than 1% of his money yes I want to tax him more. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://i.imgur.com/dQgC4kv.jpg <cite>Tyranthraxus posted [p:981214469] in Dude loses... [t:80806368]...</cite> <quote>pedro45 posted... </cite><quote>That's exactly it with people owing taxes. You almost feel bad when you hear someone owes a bunch of taxes.it is more they didn't pay a bunch of taxes. the people deserve those funds he kept to himself</quote>Yeah. Shit like "Jeff Bezos paid 10 million on taxes and you want to tax him more!?" Like bitch that's less than 1% of his money yes I want to tax him more. </quote> ... Copied to Clipboard!
Umbreon 07/09/24 2:04:05 AM #15:	Fuck em --- Black Lives Matter. ~DYL~ (On mobile) <cite>Umbreon posted [p:981214637] in Dude loses... [t:80806368]...</cite> <quote>Fuck em </quote> ... Copied to Clipboard!
DnDer 07/09/24 3:43:29 AM #16:	Luigi_and_Tails posted... Wow I thought Americans were gung-ho about working hard even if meant you got f**ed with CGT. There's nothing about CGT that implies hard work. It means you either think you played the market, made a half-informed decision, and got lucky, or you blindly picked your stock and got lucky. Investments of the size this guy had, even at that "modest" (as far as cap gains stuff can go) level, weren't "hard work." That kind of thing is c-suite, billionaire gaslighting. --- What has books ever teached us?* -- Captain Afrohead Subject-verb agreement. -- t3h 0n3 <cite>DnDer posted [p:981215077] in Dude loses... [t:80806368]...</cite> <quote>Luigi_and_Tails posted... </cite><quote>Wow I thought Americans were gung-ho about working hard even if meant you got f***ed with CGT.</quote>There's nothing about CGT that implies hard work. It means you either think you played the market, made a half-informed decision, and got lucky, or you blindly picked your stock and got lucky.Investments of the size this guy had, even at that "modest" (as far as cap gains stuff can go) level, weren't "hard work."That kind of thing is c-suite, billionaire gaslighting. </quote> ... Copied to Clipboard!
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Luigi_and_Tails 07/10/24 12:32:21 AM #18:	Ah balls I didn't read the last paragraph in the OP. I genuinely thought it was someone who'd sold a house he either bought a few years ago or inherited, hence my annoyance. Paying inheritance tax and then capital gains tax on your parents' house is fucking bullshit. I'm not looking forward to that fight with the taxman when it's my turn. Anyway to explain my comment, I bought my first house when I was 20, sold it just over 10 years later for less than market value (I'm not a businessman, I'd had it rented out for way below market value and sold it to a first time buyer for 5k less than asking price just to make sure it didn't go to a rental agency that wanted to offer me full asking price to gazump the new owner). Not humblebragging, even though it sounds like it, more just that I want to do the right thing, and selling houses to first time buyers should be a priority to anybody rather than selling to a company who'll rent it out and deny a first time buyer their own house. I only sold the place because realistically it wasn't making any money, the effort involved was annoying, and the tenant (paying 950/mo in rent, for a house that would have easily fetched 1400/mo) had mentioned he wanted to move in with his girlfriend and therefore vacate the place, and it worked out quite well that I could sell up and pay off my mortgages without being a dick. I offered the house to him first, at a decent discount, but he said he wanted to move way down south, so thanks but no thanks. Fair. Having previously lived in places that were owned by people that I wouldn't piss on if they were on fire, and whilst I don't want to be a landlord again, I wish everybody was like that. Probably why I'm not a businessperson doing business. --- No, I'm not that one. <cite>Luigi_and_Tails posted [p:981227936] in Dude loses... [t:80806368]...</cite> <quote>Ah balls I didn't read the last paragraph in the OP.I genuinely thought it was someone who'd sold a house he either bought a few years ago or inherited, hence my annoyance. Paying inheritance tax and then capital gains tax on your parents' house is fucking bullshit. I'm not looking forward to that fight with the taxman when it's my turn.Anyway to explain my comment, I bought my first house when I was 20, sold it just over 10 years later for less than market value (I'm not a businessman, I'd had it rented out for way below market value and sold it to a first time buyer for 5k less than asking price just to make sure it didn't go to a rental agency that wanted to offer me full asking price to gazump the new owner). Not humblebragging, even though it sounds like it, more just that I want to do the right thing, and selling houses to first time buyers should be a priority to anybody rather than selling to a company who'll rent it out and deny a first time buyer their own house.I only sold the place because realistically it wasn't making any money, the effort involved was annoying, and the tenant (paying 950/mo in rent, for a house that would have easily fetched 1400/mo) had mentioned he wanted to move in with his girlfriend and therefore vacate the place, and it worked out quite well that I could sell up and pay off my mortgages without being a dick. I offered the house to him first, at a decent discount, but he said he wanted to move way down south, so thanks but no thanks. Fair. Having previously lived in places that were owned by people that I wouldn't piss on if they were on fire, and whilst I don't want to be a landlord again, I wish everybody was like that. Probably why I'm not a businessperson doing business. </quote> ... Copied to Clipboard!
emblem-man 07/12/24 12:22:14 PM #19:	Capital gains tax should be high in general Luigi_and_Tails posted... Paying inheritance tax and then capital gains tax on your parents' house Why? --- Biden-Harris 2024 https://imgur.com/gallery/o47SI9Y <cite>emblem-man posted [p:981262528] in Dude loses... [t:80806368]...</cite> <quote>Capital gains tax should be high in general Luigi_and_Tails posted... </cite><quote>Paying inheritance tax and then capital gains tax on your parents' house</quote>Why? </quote> ... Copied to Clipboard!
Pepys_Monster 07/12/24 12:25:09 PM #20:	Lower capital gains tax from 15% to 7.5%. --- Ryzen 3700X \| ASUS RTX 4070 Super 12GB \| 16GB DDR4 3200 \| Samsung 990 Pro 4TB <cite>Pepys_Monster posted [p:981262560] in Dude loses... [t:80806368]...</cite> <quote>Lower capital gains tax from 15% to 7.5%. </quote> ... Copied to Clipboard!
tankboy 07/12/24 12:54:45 PM #21:	Luigi_and_Tails posted... Paying inheritance tax and then capital gains tax on your parents' house is fucking bullshit. I'm not looking forward to that fight with the taxman when it's my turn. In the US, the amount you can inherit before any tax kicks in is currently over $13M, and if you plan in advance, you can set up things like irrevocable trusts to avoid taxes on assets above even that threshold. <cite>tankboy posted [p:981262966] in Dude loses... [t:80806368]...</cite> <quote>Luigi_and_Tails posted... </cite><quote>Paying inheritance tax and then capital gains tax on your parents' house is fucking bullshit. I'm not looking forward to that fight with the taxman when it's my turn.</quote>In the US, the amount you can inherit before any tax kicks in is currently over $13M, and if you plan in advance, you can set up things like irrevocable trusts to avoid taxes on assets above even that threshold.</quote> ... Copied to Clipboard!
Raikuro 07/12/24 1:07:17 PM #22:	Oh no, he went from being rich to still being rich with slightly less pocket change <cite>Raikuro posted [p:981263124] in Dude loses... [t:80806368]...</cite> <quote>Oh no, he went from being rich to still being rich with slightly less pocket change</quote> ... Copied to Clipboard!
Giant_Aspirin 07/12/24 1:10:37 PM #23:	sure, he paid $30k, but on how much profit? dude probably made like $300,000 and he's salty about $30k. --- I hope something good happens to you today Playing: Elden Ring <cite>Giant_Aspirin posted [p:981263165] in Dude loses... [t:80806368]...</cite> <quote>sure, he paid $30k, but on how much profit? dude probably made like $300,000 and he's salty about $30k. </quote> ... Copied to Clipboard!
mystic_belmont 07/12/24 1:10:43 PM #24:	Pepys_Monster posted... Lower capital gains tax from 15% to 7.5%. Why? --- "Freedom was meaningless without ownership and control over one's own body" -Tera Hunter 'Joy My Freedom' [Evil Republican] 3DS FC: 5429-7297-4842 <cite>mystic_belmont posted [p:981263166] in Dude loses... [t:80806368]...</cite> <quote>Pepys_Monster posted... </cite><quote>Lower capital gains tax from 15% to 7.5%.</quote>Why? </quote> ... Copied to Clipboard!
Sunburst 07/12/24 1:12:38 PM #25:	Maybe he can sue the portfolio manager that didn't warn him. --- A True Friend leaves paw prints on your heart <cite>Sunburst posted [p:981263183] in Dude loses... [t:80806368]...</cite> <quote>Maybe he can sue the portfolio manager that didn't warn him. </quote> ... Copied to Clipboard!
Pepys_Monster 07/12/24 2:11:02 PM #26:	mystic_belmont posted... Why? Because 15% is highway robbery. --- Ryzen 3700X \| ASUS RTX 4070 Super 12GB \| 16GB DDR4 3200 \| Samsung 990 Pro 4TB <cite>Pepys_Monster posted [p:981263970] in Dude loses... [t:80806368]...</cite> <quote>mystic_belmont posted... </cite><quote>Why?</quote>Because 15% is highway robbery. </quote> ... Copied to Clipboard!
name_unknown 07/12/24 2:15:24 PM #27:	ScazarMeltex posted... What hard work do you believe this guy did? insider trading s/ he probably just followed a model Pepys_Monster posted... Because 15% is highway robbery. No now stand and deliver as it should be 20% or higher <cite>name_unknown posted [p:981264021] in Dude loses... [t:80806368]...</cite> <quote>ScazarMeltex posted... </cite><quote>What hard work do you believe this guy did?</quote>insider trading s/he probably just followed a modelPepys_Monster posted... </cite><quote>Because 15% is highway robbery.</quote>No now stand and deliver as it should be 20% or higher</quote> ... Copied to Clipboard!
LonelyStoner 07/12/24 2:17:45 PM #28:	Now how will he afford his own private jet? --- He's all alone through the day and night. <cite>LonelyStoner posted [p:981264052] in Dude loses... [t:80806368]...</cite> <quote>Now how will he afford his own private jet? </quote> ... Copied to Clipboard!
DipDipDiver 07/12/24 2:19:33 PM #29:	How much money are we talking about where $30k isn't even all the taxes, just the difference between old taxes and new taxes? I mean hell, he pays $25k a year for someone to manage his investments --- Sack to crack, going to town <cite>DipDipDiver posted [p:981264075] in Dude loses... [t:80806368]...</cite> <quote>How much money are we talking about where $30k isn't even all the taxes, just the difference between old taxes and new taxes? I mean hell, he pays $25k a year for someone to manage his investments </quote> ... Copied to Clipboard!
Southernfatman 07/12/24 2:19:45 PM #30:	As someone who makes nowhere near the amount of money here, I AM OUTRAGED!!!!1111 The wealthy are the most persecuted people EVER!!! - conservatives most definitely because they're a bunch of bitches for the rich. --- Fix your hearts or die. When I sin I sin real good. <cite>Southernfatman posted [p:981264079] in Dude loses... [t:80806368]...</cite> <quote>As someone who makes nowhere near the amount of money here, I AM OUTRAGED!!!!1111The wealthy are the most persecuted people EVER!!! - conservatives most definitely because they're a bunch of bitches for the rich. </quote> ... Copied to Clipboard!
deupd_u 07/12/24 2:24:30 PM #31:	Old guy worked hard for decades and made some money. Jesus, people... --- Snipers don't shoot at paper, they shoot watermelons. http://i.imgur.com/jo511lG.jpg <cite>deupd_u posted [p:981264141] in Dude loses... [t:80806368]...</cite> <quote>Old guy worked hard for decades and made some money. Jesus, people... </quote> ... Copied to Clipboard!
1337toothbrush 07/13/24 1:29:14 PM #32:	deupd_u posted... Old guy worked hard for decades and made some money. Jesus, people... Capital gains is on unearned income. --- https://imgur.com/a/FU9H8 - https://i.imgur.com/ZkQRDsR.png - https://i.imgur.com/2x2gtgP.jpg <cite>1337toothbrush posted [p:981276644] in Dude loses... [t:80806368]...</cite> <quote>deupd_u posted... </cite><quote>Old guy worked hard for decades and made some money. Jesus, people...</quote>Capital gains is on unearned income. </quote> ... Copied to Clipboard!
Bass 07/13/24 1:31:17 PM #33:	Ok? It's capital gains so that means he still made a boatload of cash. --- Many Bothans died to bring you this post. <cite>Bass posted [p:981276663] in Dude loses... [t:80806368]...</cite> <quote>Ok? It's capital gains so that means he still made a boatload of cash. </quote> ... Copied to Clipboard!
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Current Events > Dude loses $30k to capital gains tax. (+) Yeah! (+)

Current Events > Dude loses $30k to capital gains tax.