All of my income this year was off the stock market. Before I started investing I made $0 per year. How much taxes do I pay on it if I've been day trading?
trade crypto so you don't have to report shit.
>>1511548
I'm not trying to become a criminal until after I become a billionaire. Then Noone will care if I steal millions.
>>1511543
assuming United States
>paying taxes
hahaha
>>1511573
This is not correct, you would be paying short term capital gains taxes for day trading. Also avoid trading on margin.
>>1511543
it goes by percentages and intervals and tax brackets
>>1511573
Just think at 39% taxation everything you earn from Jan 1 to May 25 goes to taxes. May 25 would be the first day you breakeven for the entire year.
>>1511573
These rates need to fucking drop. Pisses me off. Double taxation is the fucking worst.
>>1511543
shes finally opening up for Bill, he's pretty happy about it. Only took 30 years
What are the start term capital gains tax brackets? Are there additive?
>>1511711
>Double taxation is the fucking worst.
Nothing about that chart implies double-taxation.
>>1511543
You should pay double tax
Plus speculator tax so I don't have student loans for my BA in feminist art history
#feelthebern2020
>>1511690
Aren't you only taxed 39% on amounts above the lower brackets?