The AMC Stock Discussion Thread

[threattonature]

This don't make sense. Capital gains tax is already 40% for the ultra wealthy. Are they doubling it across all income thresholds?

It's 40% for the short term capital gain but for investments held over a year it drops to 20%. Looks like they're trying to change it to make long term gains match short term gains basically.

 

[humminbird]

It's 40% for the short term capital gain but for investments help over a year it drops to 20%. Looks like they're trying to change it to make long term gains match short term gains basically.

why?
I'm sitting on so many stocks I've held for years at this point

 

[MeachTheMonster]

Lots of red out there. AMC holding up pretty well

 

[Ezekiel 25:17]

It's 40% for the short term capital gain but for investments held over a year it drops to 20%. Looks like they're trying to change it to make long term gains match short term gains basically.

That makes no sense. Longterm was to entice investors to stay in the market for years

 

[IsThatBrothaMouzone?]

That makes no sense. Longterm was to entice investors to stay in the market for years

I could have sworn the top capital gains rate was 37%. 39.6% was the old top rate.

2020-21 Capital Gains Tax Rates and Calculator - NerdWallet

It's genius from the government.

The wealthy/powerful already know how to avoid a significant amount of tax. They may pay 1/2 to 1/3 of their actual burden. That advantage doesn't change.

Now, a bunch of regular folks are about to make some $$$. Most of us don't have the knowledge to avoid paying that full bill.

The ones that try it will end up like countless actors/athletes etc, getting in tax trouble. You fukk with the IRS, you're in deep shyt.

Government wants us to get paid, smaller hedge funds will go belly up, bigger hedge funds will take a hit but the government will help them out as needed........

Glad I'm in Texas. Couldn't imagine paying MORE.

 

[Deafheaven]

No one makes money off options

I made 5k just last week off them shyts and barely had to think about said plays they were so obvious

 

[The D-List Vet]

Lots of red out there. AMC holding up pretty well

none of this matters until amc starts doing GME numbers i am going to until otherwise

 

[Ezekiel 25:17]

I could have sworn the top capital gains rate was 37%. 39.6% was the old top rate.

2020-21 Capital Gains Tax Rates and Calculator - NerdWallet

It's genius from the government.

The wealthy/powerful already know how to avoid a significant amount of tax. They may pay 1/2 to 1/3 of their actual burden. That advantage doesn't change.

Now, a bunch of regular folks are about to make some $$$. Most of us don't have the knowledge to avoid paying that full bill.

The ones that try it will end up like countless actors/athletes etc, getting in tax trouble. You fukk with the IRS, you're in deep shyt.

Government wants us to get paid, smaller hedge funds will go belly up, bigger hedge funds will take a hit but the government will help them out as needed........

Glad I'm in Texas. Couldn't imagine paying MORE.

If a lot of us make 6 to 7 figures can't we just pay somebody to file our taxes?

 

[NatiboyB]

If a lot of us make 6 to 7 figures can't we just pay somebody to file our taxes?

I already pay someone so I’d highly recommend paying someone...low key I’ve gotten more money back since I started using the cpa.

 

[The D-List Vet]

I could have sworn the top capital gains rate was 37%. 39.6% was the old top rate.

2020-21 Capital Gains Tax Rates and Calculator - NerdWallet

It's genius from the government.

The wealthy/powerful already know how to avoid a significant amount of tax. They may pay 1/2 to 1/3 of their actual burden. That advantage doesn't change.

Now, a bunch of regular folks are about to make some $$$. Most of us don't have the knowledge to avoid paying that full bill.

The ones that try it will end up like countless actors/athletes etc, getting in tax trouble. You fukk with the IRS, you're in deep shyt.

Government wants us to get paid, smaller hedge funds will go belly up, bigger hedge funds will take a hit but the government will help them out as needed........

Glad I'm in Texas. Couldn't imagine paying MORE.

that why i said Government is going to want their money they are not going to let these hedge funds drag this out for years

 

[MeachTheMonster]

none of this matters until amc starts doing GME numbers i am going to until otherwise

Agreed I just like watching it to try to understand how all of it works.

Watching some of those Astro streams and watching the price action has been fascinating.

Today is an example of the so-called “negative beta” of AMC. It usually reacts inversely to the overall market being red. Crypto got clapped up today too.

It’s all connected

 

[NatiboyB]

Hopped into some more Etherum and ADA. Running call options on AMC (9/17), CLOV (9/24), SPY (9/13) and Puts on AMC (9/17) /CLOV 9/24 and grabbed 125 shares of CEI (short) and 5 more AMC (long). That will be it today.

 

[Uchiha God]

Going up?

 

[JackRoss]

This thread is sorely deficient in positive energy.

 

[pawdalaw]

This has been in the works for some time. Not everything is related to AMC.

We've been talking about it for quite some time as it relates to AMC.

If you don't need to touch that money soon just put your money into an S&P 500 index ETF or total stock market index ETF. You could also do a mutual fund but the ETF can be more tax efficient. Fidelity and Vanguard both have great low expense ratio ones. You don't need sexy. You just need boring slow and steady wins the race. A passively tracked index fund or etf just mirrors what the market is doing. It automatically spreads your money across the market in a single tracker stock symbol ticker. VOO, VTI from Vanguard. FXAIX from Fidelity. There are quite a few more but those are just the ones I have personally messed with.

I saw somewhere that 2.5m will get you 100k a year. Thanks for sharing that!