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2018 tax brackets, its like found money!
Old 12-20-2018, 05:13 PM   #1
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2018 tax brackets, its like found money!

I have been trading a lot recently and was always mentally setting aside about 33% for taxes on each trade.

I then realized we have the new tax brackets in effect and will only be in the 24% bracket (I am at about $285,000 now in short term trading gains but there are only a few more days left to trade in the year, although I did manage to make $4000 today trading in and out of Gilead THREE times in one day)

I get to keep 9% more of the money than I thought!

Time for Red Lobster! (with a coupon)
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Old 12-21-2018, 12:19 AM   #2
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Quote:
Originally Posted by gstillson View Post
Time for Red Lobster! (with a coupon)
I think that should be the motto for this entire forum.
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Old 12-21-2018, 08:17 AM   #3
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At a 9% savings I would go to Joe's Crab Shack rather than Red Lobster.
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Old 12-21-2018, 04:25 PM   #4
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Long term gains are only 15%. If you never sell, the tax rate is zero.
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