The IRS Just Had Its Best Year Ever Thanks To MEME Stocks & Crypto - How Money Works #Shorts
How Money Works 0:39
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who do you think the biggest winner from meme stocks and cryptocurrencies has been?
While the gen z's idea of a balanced portfolio has created a handful of billionaires it is Uncle Sam who has been the biggest winner of all!
The IRS just had its biggest tax collection year ever bringing in 2.7 trillion dollars a chunk of this was thanks to soaring corporate profits, but short-term capital gains the type of taxes that retail investors pay when actively trading stocks and crypto nearly tripled to 452 billion dollars.
A happy day for Uncle Sam should act as a healthy reminder to make sure you have enough saved away from your mad gains to pay off taxes before you go and spend it on a Lamborghini or a virtual monkey.
#Shorts
Link To The Capitalists Discord where I hang out with other creators - https://discord.gg/8MeNJ7gfSR
Music by Epidemic Sound
Stock footage by Story Blocks
While the gen z's idea of a balanced portfolio has created a handful of billionaires it is Uncle Sam who has been the biggest winner of all!
The IRS just had its biggest tax collection year ever bringing in 2.7 trillion dollars a chunk of this was thanks to soaring corporate profits, but short-term capital gains the type of taxes that retail investors pay when actively trading stocks and crypto nearly tripled to 452 billion dollars.
A happy day for Uncle Sam should act as a healthy reminder to make sure you have enough saved away from your mad gains to pay off taxes before you go and spend it on a Lamborghini or a virtual monkey.
#Shorts
Link To The Capitalists Discord where I hang out with other creators - https://discord.gg/8MeNJ7gfSR
Music by Epidemic Sound
Stock footage by Story Blocks
Category (YouTube): Education Exumo categories: Finance & Investing
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