Quote:
Originally Posted by premier3is
It's nice, but if that's unrealized (not sure how that 2m is structured from that screenshot), then he's left with a nice tax liability once realized 
So after tax 1.3(4)m or whatever it'll be may may seem like alot, but if you ask him he'll probably tell you it's really not a ton of money for this day and age (also depends on your age, debt owed, etc etc...). |
Thinking about the same thing with the guy who turned 200k into 35mil. You don't do that by going long, you do that day trading. So most if not all of those gains are short term. He's looking at a 12.5-13 mil tax bill next season. Ouch! But still I'd take a 20 mil year after taxes ANY time.
My latest was accruing 100k shares of NAK at an average of $0.75/share over the last few months. Closed Friday at $1.30/share and still waiting on 2 more milestones the company needs.