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Cake day: December 4th, 2024

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  • When you’re $10,000 over the bracket, you can keep $900 of that money for your stock portfolio and give the rest to the IRS, or you can spend $10,000 and pretend it is a “business expense”. That money you spend turns into someone’s paycheck; that $900 does not.

    The money going to the IRS does, but you’re otherwise absolutely right.

    Which is why stock trading should be banned. It’s main functions by now are propping up companies that keep decreasing quality and increasing prices while diverting money into the dragon hoards of billionaires and hectomillionaires, forever out of reach from the pool of available resources that other people need to live.