You win, you get some $$ but then need to pay short term gain tax :-) Puppy!
Dat's why Uncle Sam invented SEP/IRA accounts.
I get taxed double zero, if I take no money out until I'm too old for the machines to give a carp. I can trade my ASS off, and Tax Man does not care, one iota. Until I get too freaking old, that is, of course. I hope to make it past that point, with a smile and as skip in my stride. :-)))
At that point, I'll be either in Prague, or in Marseille, or Key West, sometimes in NY, maybe in the woods, in the sauna, at the Hut of MN, who knows, anyway, the trades I make now will NOT impact my taxes, now or later!
Bless the USA! :-))) |
