I can't sell my stocks before the entire market crashes, if I do that I have to pay a huge amount of taxes because I will be pushed into the next tax bracketSo I just have to go down with the ship?What do
>>62179406Sell covered calls on stocks you own at the top. Free money.
>>62179406Brackets are progressive, only the money above the limit is taxed at that rate. If it's truly a burden you can get a payment plant but presumably you'd have the money from the sale.
>>62179406This is why goycattle deal in the real world. My dad explained this kind of stuff to me when he was a kid. Thousands of little bits of advice and caution. Why do you cattle even bother, unironically?
Its always worth it to make money and pay taxes than to not make money at all. But also its always worth it to never sell your stocks to avoid a taxable event in the first place.
>>62179506when I was a kid*
>>62179497>Brackets are progressiveCame here to say this and call op a retarded lying faggot
>>62179497Also, I'm ignorant to tax code, but don't long term capital gains get "counted last" so they'd just be taxed at 15% anyways? The only problem is if it would push him past certain mile markers like "at 150k your tax free overtime starts tapering off"Unless OP is a degenerate day trader and it's all short term holdings.
>>62179406>I have to pay a huge amount of taxesSo you're gonna take a huge loss in order to avoid a small loss on taxes? That's some pretty sharp thinking there hoss.
>>62179406If you trust chatgpt at all, I am correct. Long term capital gains get tacked on on top. So even if you are at the cusp of a tax bracket (which are progressive as someone else said) then it doesn't matter unless you make so much money you are at the 200k mark
>>62179506My dad fucked me in my sleep when I was a kid
>>62179406it won't crash
