$Intuitive Machines (LUNR.US)$ if Harris wins and the market...
$Intuitive Machines (LUNR.US)$ if Harris wins and the market dumps we could see 6:20 6.30. everything will be ratcheted down on little to no volume and you need to remain calm and not freak out that's the first thing and the second is don't go ape shit berserk buying on the first dip because there's going to be subsequent limit orders to sell and margin calls and things like that that are going to keep the market down for several days. in other words keep some of your powder dry and proceed with caution.
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36 yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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Shootingstar : may I ask how would her policy of unrealised tax gains work? Say if I were a millionaire and had a 1000 shares in Tesla now with no gain/loss if it were at 200. I would be taxed straight away with 40% at its ath price of 400 or a higher evaluation? 400-200/100 then x 40?
MonkeyGee : if Harris is going to win, demand for moon/mars rockets
will be in high demand!
10baggerbamm OP Shootingstar : and nothing has been finalized with regard to what the tax implications would be on unrealized games if she goes through at a 25% tax I mean you'll see the stock market sell off 10,000 points because you have people that have been in forever that have long-term positions that typically get passed on to family members they become part of an estate or they get gifted to a church upon their passing or charitable organization make a wish something like that. I know Mark Cuban has been pounding the table in the past few weeks saying oh no no it won't happen that way and it was only talk and rhetoric and she's not going to do that. she may come back and say it's a 10% on realized game I don't know and I don't think anybody knows what the implications will be. is it going to be based off of a dollar amount so if you have a million dollars worth of Apple from 20 years ago that's now going to become taxed or is it going to be based off of your net worth if you're worth 10 million or 20 million or 50 million and you have these unrealized games you're now going to pay. so there is nothing concrete because nothing has been finalized. and I think some of the concern for Buffett holding so much cash more than the Federal reserve has is maybe he knows what's going to happen maybe he has a little bit more insider information of what the implications would mean. so us little peons and myself is in this group of peons we're just along for the ride at this point because nobody knows and nobody can say for certain what would happen
Shootingstar 10baggerbamm OP : thanks for the information. nothing written yet it seems I agree too but looks like many are fleeing the stock market out of fud of this. some of the wordings you used sounds like it could fall under inheritance tax which Japan already has if I am not mistaken.
27182818 Shootingstar : You would have to subtract your unrealized losses on the same date. So in the end it would only replace one market distortion (pressure to lock in gains & losses by Dec 31) with a different one.
It's not practical, it would not increase tax revenue, and there is 0% chance it will happen.
It's doesn't matter what the president wants. Congress would have to do it and that's not politically possible.
Shootingstar 27182818 : yes but I am sure she or they will be able to formulate something out to their advantage. the plans she has is going to need a lot of money like supporting businesses with 50k instead of 5k etc. if it fails it will come from income and property tax of local citizens I guess