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Forum nameGeneral Discussion
Topic subjectlet's talk taxes.
Topic URLhttp://board.okayplayer.com/okp.php?az=show_topic&forum=4&topic_id=13433233&mesg_id=13447439
13447439, let's talk taxes.
Posted by Cold Truth, Tue Nov-09-21 01:29 PM
The tax implications are insane if you hit big early.

I've only skimmed through this stuff so far, so I'm definitely missing plenty of finer points. Ideally this subject can be fleshed out in this post with better informed people than I.

Thus far, from what I've seen, taxes on long term gains aren't terrible. anything held for over a year seems relatively ok, and I'm ok with that fair share cut. Even in Cali, you can wind up with a 40% total tax between state and federal, and IMO that's not so terrible.

But short term gains aren't taxed, so much as gouged. That shit seems straight up predatory.

I've read up on creating a CRT, and that seems like the way to go, but my guess is that shit gets kneecapped within the next few years.