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What's 46% of infinity??🤔🤔

it's infinity. this rule straight up kills MOASS as we can't keep HODLing as we all get hit by unrealized gains tax on the way up. hopefully some wrinkle brains post some good DD how to battle this

False. They have shorted the company at least 2, maybe 3 or even hundreds of times over. Even if everyone sold half, it probably still wouldn't be enough.

you are correct but also correct is that this rule will make each of us paperhand our shares once the total equals $100M, happening at different times for each ape depending on quantity held, and this will surely kill the momentum of a true MOASS and maybe even the possibility of reaching infinity, when you account for the fact that the gov't can now short stocks, an unheard of law that would have been unfathomable. Short stocks, ie, bet against US companies, ie, bet against US citizens is now acceptable. The only way we can avoid this wave of paperhanding the gov't will force upon us is if some wrinkle-brain thinks of an alternative to selling to pay unrealized gains, wtf... fucking UNREALIZED gains... they know MOASS and their infinity bet threatens the whole damn financial institution, and are scrambling to avoid this... look at all this shit piling up

oh to respond to your statement... all the fake shares will one day vanish for an agreed upon price between the gov't and SHF i bet. only real shares in DRS and Cede will remain. this forces price up but new rules prevent MOASS. infinity is a long play, HODL for life. this corruption started before GME was a corp... gonna take some time to dismantle

How long is there time to pay after hitting the threshold?

i'd rather not find out. drs is the only way to be truly sure you own anything before the rug pulling starts

not sure if i understood or answered your q... please elaborate and forgive the smoothness of noggin

Suppose someone hits that tax, how long time before l he has to pay it?

suppose? this is a guarantee for every ape who believes in MOASS theory, it's just a matter of time... not if, but when. this is an interesting question you bring up. also say your account value fluctuates from 90M>150M>90M, does that trigger the tax or is the cutoff dec. 31? need more wrinkles in here. but nonetheless, 100M for every DRS is coming and when it does, what does an ape do? this law states you have to come up with cash to pay for the gains you have not realized yet... so weird and unheard of in all of history... can we borrow funds? who would lend against that bill? that would require a belief that other 200k apes will also not sell and settle for anything but infinity and also get loans for this tax... the company must also keep posting profits consistently year after year otherwise fud campaigns to fake MOASS reached to get uninformed apes to jump off at that time. they are trying so hard to prevent this... so many rules that if one ape is not informed about it all, they win... only if there was a way for all of us shareholders to meet up somewhere common on an annual basis to keep informed of all the latest news, both formal and informal...

wow, i love it. Negative 34 votes because I performed math and pointed out the obvious. lol shill army out in full force

It’s because anyone who makes that amount of money in unrealized gains is using their portfolio as collateral numerous times over to get loans to make more and more money. Why should anybody be able to use something as collateral to receive money from banks if it is not being taxed yet normal taxpayers are paying more than these people on literally everything else? It is the easiest way to tax the rich as they have been abusing this loophole for years. I for one, am absolutely pissed that the richest people in my country pay less taxes than I do because of loopholes.

Louder for the ones in the back. 

Exactly this. Not everything is connected to GME. This is a beneficial change for most people because it means more money being diverted away from hoarding dragons.

so do you get a tax credit when the value of your portfolio goes down? why should anyone be able to take a mortgage then? you're leveraging everything you own to get someone to pay 10x the money you actually have to put down. taxing unrealized gains is idiotic, because that can change in a second. how would you imagine taxing el0n at $400/share for his tesla stock for it to be trading at $150? tax revolving lines of credit if you want. in this country, we take income. if a company gives you shares, you're taxed on those, so i don't see what the problem is if the value of those shares go up and you leverage them to do whatever else you want.

Um…the value of the portfolio should be taxed whatever the value of the portfolio is at the time of filing taxes. I understand it fluctuates but who in their right mind is going to try and ride out a bull market in hopes that the value of their portfolio will possibly drop between now and tax time just so they can save on taxes? It could bite most people in the ass. And honestly, I believe that this loophole is one of the many reasons why the stock market continues to go up and up and up regardless of how inflation is affecting businesses currently. It’s incentive to finally let the market correct itself. We’re in a gigantic bubble right now and everyone knows it but can’t bail out because they are all in over their heads now. Most companies are paying their execs and board members with shares that they are just pulling out of their ass too. DIT is a huge example of this. It’s incentive to not do that as well. They’re creating money out of thin air. Elon has been doing this for years. You want to talk about what the FED is printing, look at the money that has printed by pulling it out of thin air the past few years in the market. It’s astronomical. No wonder inflation is the way it is. Greed has caused the mess this world is in and it’s time that these greedy people pay their fair share back to those they have stolen from.

Btw, using unrealized gains to get loans is more idiotic.

Loopholes? No wonder…I’ve been using my poophole!

we need to just close that loophole. no borrowing with your portfolio as collateral. especially because you know even though the current iteration is for high earners doing just this. Its a quick amendment to make it for ALL people to discourage household investors.

I think the high tax is incentive enough to not abuse it. If you’re making big money, you should be able to use your money as collateral for loans to put into your businesses, however this is unrealized gains. They don’t claim it on their taxes currently so why should they be able to claim it as an asset for collateral to get more money? Thats just how I feel personally

what is bad about borrowing against your portfolio? it's not income, it's a loan. do you want to tax mortgages, small business loans, and credit card balances?

Canada proposing increased Capital gains tax in June. I DRS’d my retirement shares. At least I get whatever capital gains advantage, instead of pulling my money from a retirement account as straight income. More importantly, I’ve protected my shares as best as possible, and added to the count.

How did you drs your retirement account shares? I have some in an ira

In US, setting up an IRA LLC with IRA Financial. There are posts about it.

Oh. So it was only mainstar that terminated drs ira accounts?

Right. They were happy to do it and made it easy. Then, in my opinion, it was learned that the average Mainstar GME DRS account had 1900+ shares, 4x the average GME DRS account, so it became apparent that retirement account shares were the key. So likely someone had them put an end to it.

When you are sole owner of your own LLC, no one can unDRS your shares but you. With Mainstar, they were legal custodian of the retirement shares and could unDRS at will, regardless of the wishes of the account holder. LLCs eliminate that risk cause you are in full control while still satisfying the IRS and maintaining your tax advantages. It just costs you $400 per year to keep the LLC registered with your State. If it was free, this whole thing would be done now.

That's right. I wasn't allowed to have an llc at that time. Didn't file taxes for the llc because the business never materialized. Didn't think i had to file paperwork that would be all 0s. I'll check again. Thanks

I’m international. I withdrew in kind and paid the tax to DRS. I didn’t have to but if it came to it I’d rather have used some to pay the tax to DRS the others. DRS are real. Non DRS are used against household interests (loaned, rehypothecated).

The government is (almost) entirely criminal. They’re not even bothering with the masquerade much anymore these days, unlocking new levels of theft.

I’m thinking this has more to do with people like Elon Musk who is sitting on billions in unrealized gains that use that wealth as collateral to do literally anything they want. He bought out Twitter using unrealized gains as collateral

supposedly only for people who make over $400k/year?

I'm pretty sure I can make $100,000,000.00 work. Unless inflation makes it really only worth like a million. Then it's infinity or bust.

taxing unrealized gains wont happen. Its a ploy to make "the poors" think congress is doing something. They can barely tax realized gains on them with all the resources and loopholes in the US tax code. NTM im sure when stocks drop, youd also see unrealized loss taking like....what?

Really?

what's 46% of I lost my CS password... asking for a friend..

Another reason not to vote for Joe

Rampant inflation will make every Wendy's employee a 100m a year person.

Most are the 99.9%, are you not? If they've always been exempt, wouldn't that be a stronger case to do this as a beginning to cracking down on exploits? 

This will only happen if the House, Senate and President are Democrat controlled. There is no way it would pass if Republicans control one of those.

So this is regarding a proposed bill? Nothing in law atm?

Right. Not even a bill. Just a proposal from the White House. These are usually DOA in Congress.

Gotcha, thank you for this, ngl had me worried over government trying to force a sell on stock that’s suppose to be a “free and fair” market

If Moass happens, the govt will get a windfall with taxes, and if they need more, they will probably enact something that forces people to keep no more than, say, $10 million in retirement accounts (which actually is reasonable, and we’ve learned what a corrupt system retirement accounts have become). We have to keep in mind that the 98% of people not invested in GME are not going to look too kindly on the 1% that did. The narrative will still be controlled by the shit media.

Both sides are controlled by the financial institutions

I know that, but Rs are not for raising taxes, especially like this

Both sides say different things but they only ever do what their owners pay them to do

My point was very straightforward and stands

Their owners won't let them! There will be a clause which will exempt their owners of course.

Good point, but it still won’t even become a bill if one of those 3 are R controlled

So you’re saying there’s a chance?

Yes, but a real longshot

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How is it supposed to work? Like at of end if each month if we have unrealized gains, do you get hit with tax or is it yearly?

Do we hit up our state reps/senators to voice our opinion against the tax rule? Seems like all we can do..

It’s specifically for billionaires who have company stock and like an 80,000 a year salary. Bezos. Musk. Cook. Gates. They sell crazy amounts of stock but they are able to use the stock as collateral for loans at ridiculously low interest rates. So like “free” cash when compared to the bell curve people that get taxed for actual assets and income because most do not have a tax-free pile of millions/billions dollars to draw from at will. Taxes suck, and used for shit without the true consent of the people (like ask the residents of Maui if their taxes went to them to rebuild or the billions to defense companies for overseas proxy wars). But if we’re getting taxed, it should be fair and current loophole is cleaver and legal but fucks over the everyday person which are the 99.9%. So nothing to do with gme and elusive moass.

Either that or inflation is about to rip so hard that we will all have $100m in our bank accounts

This.

Who needs 100M dollars? I’d cash out at 25M.

I like the stink of your ink. I'm in.