Never knew this. Thank you.
Just wait till you buy a stock...because you think it might go up...Or you short a stock that you think may go down...and you pay 40-50% on the profit you made..IF any.
Anyone wonders why the markets are getting hammered.....needs to understand how taxation works to impede and stagnate speculation.
Of course there a the "Speculation is evil" herd here on FR.......
Line up with the Dims if you must...But I disagree.
I can "speculate" to start a very small business....or a medium size business. And I have. Are you going to pounce on that also???
FWIW-