Sir, why are you milking a cow under the table? IRS: "HE'S DOING WHAT UNDER THE TABLE?!"

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Should we just fire everyone at the IRS to save money? What if we just fired everyone running the government that would save even more money!

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Fuck IRS

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Beginning in 2026, the IRS will only allow up to 90% of gambling losses to be deducted against gambling winnings. That means even a break-even year can trigger a taxable gain on paper. Example: Winnings: $500,000 Losses: $500,000 Old rules (through 2025): No taxable income New rules (2026 onward): Only $450,000 of losses deductible → $50,000 taxable income

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Better now than at the beginning of the new year. IRS silly like that

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Irs cause NVDA is/was selling chips to Signapore who then "sold" it to China. Now NVDA will sell directly to China and have to pay a 25% tax to the USA. It turns out to be a loss 🫠

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IRS looking like 🕺🏽🕺🏽🕺🏽

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The real thing I’m wondering about is what my taxes are going to look like after all my gains this year. What happens if I manage to get my account up to $5M on December 31 and lose it all on January 2? IRS gonna send cops to my house and I’ll be too broke for a pardon since I’ll have lost everything. I guess the real lesson is that if you happen to make it big, at least set aside $2M so you can buy a pardon as you’ll still be poor when you lose everything else, but at least you’ll be poor and free…

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# $WOLF was $19.90 prior to the announcement they received $700M IRS refund (which equates to approx $26 per share!)

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This is false. You need to read tax code. The minute you sell options on the same stock the IRS can reset your tax basis date to today. I strongly recommend not doing this, or at least looking deeper into it

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