The AMC Stock Discussion Thread

[OaklandCertified]

Thanks breh @ireallymeanit

 

[Hey_zeus]

Thread Of The Year
Poster Of The Year
@I Really Mean It

 

[Ezekiel 25:17]

Yeah I found it.

Long-Term vs. Short-Term Capital Gains Rates—Which Is More Favorable?
Solved: Are long-term capital gains calculated progressive...

"
Basically there several LTCG rates (e.g. 0%, 15%, 20%) each of which applies to certain brackets of income. Using round numbers for singles in 2019, %0 for $0 to $40k, 15% from $40k to $440k, 20% over that. (plus possible net investment income tax for higher earners but that isn't applies to all income not just capital gains.)

Ordinary income fills up these brackets first and is taxed at regular income rates. LTCG then fills up the remaining and is taxed at the special rates.



Again, simplifying, if you had $30k of ordinary income and $100k of capital gains you would pay ordinary rates on $30k, 0% on $10k and 15% on $90k.

If you had $60k of ordinary income and $100k of LTCG it would be ordinary rates for $60k plus 15% of $100k

"

Just make sure you guys put money away for taxes if you gain alot

Yeah but that's Long term capital gains, which is anything you hold longer than 1 year. Short term capital tax gains is what most of us will fall under. Unless we holding onto AMC for over a year.

If anything just set aside 30%

And also the IRS wants you paying quarterly on large sums. Correct me if I'm wrong.

 

[⠝⠕⠏⠑]

Thread Of The Year
Poster Of The Year
@I Really Mean It

I support this. Christmas really came early on this. I’ve never made this much money in a day doing nothing.

 

[Vinny Lupton]

Why dont y'all just talk to an accountant instead of going crazy over capital gains, it's their job to figure that out for you

 

[RareHunter]

real shyt. working yourself to death at a 9-5 is savagery and soon to be obsolete

If ppl Hodl we may get to retire. It can happen if ppl dnt cash out to buy a motor bike, I know I know “everyone situation”.

 

[Biblical Goon]

What do we think about BB?

 

[Vinny Lupton]

So, should I buy 8 more shares at $68, which is $544 ( ), or should I wait until the price drops abit? How much more will it drop today?

I said it yesterday, I'ma say it again
Don't try to wait for dips or time this shyt, just buy and hold

 

[pawdalaw]

real shyt. working yourself to death at a 9-5 is savagery and soon to be obsolete

Hopefully folks learned that from the pandemic. Even with out this stock, ibeen decided I'm not going to ever work for someone again. I'd say the average coli poster has enough intelligence and resources to create an income.

Can I buy this stock through CashApp? and Is it Secure/Safe?

Yes, but it is only as safe as the email that you signed up with it. If they can get into your email account, they can get into your cashapp. I got a significant amount in cashapp for the instant buying power.

If you dont have an encrypted email, sign up for one and switch your brokerages over.

 

[RareHunter]

Thread Of The Year
Poster Of The Year
@I Really Mean It

Breh fed the village. Regardless of anything, ppl eyes gon be opened to.

 

[I Really Mean It]

AMC was the wrong fukking company to fight in the midst of this pandemic. The people are eager to return to some semblance of normalcy, something that feels like 2019 and everything before the horror of 2020. What better candidate than AMC? With its movie theaters, it’s a staple of Friday evenings that’s about as American as it gets. The people - retail investors - rallied behind it, learning from the GME experience and heeding its lessons, taking on hedge funds who’ve now spent billions in an unsuccessful attempt to peel away the millions holding onto their shares.

This is going to be the biggest financial story of the decade, possibly our lifetimes, surpassing the 2008 recession and being something of a redemptive sequel to that crisis.

 

[Neo. The Only. The One.]

So if I had 1k to put in, are you saying that this is a good time to do it?

 

[Vinny Lupton]

This shyt won't go past 40

People saying 1000

You stupid fukk, look at you now

 

[DaddyFresh]

Thus shyt is hella confusing, somebody correct me if I'm wrong. Short term capital gains is counted as your income, so you pay whatever bracket you're in. 30% sounds about right for most folks, but I don't know.

So if you make $50k salary and $50k in stock profits, your income is now $100k

You also have to pay quarterly if it's anything over $1000 or you'll be charged a fee

I could be wrong. But you don’t pay any penalties until you miss the tax deadline.No taxes are delinquent until after you miss the tax return deadline . You can pay quarterly so your not hit all at once but it’s not required.

 

[Spence]

For anybody thinking about taxes, this calculator might be right.


Capital Gains Tax Calculator

I work for Turbo tax and didn’t know about the calculator