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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
Recycles dryer sheets
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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.
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...60/35/5 AA
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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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