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With my day trading I pay short-term cap gains tax.

The funny thing is that you will still pay taxes on your retirement income, so I'm never quite sure why people focus only on tax deferred products. Taxes are unavoidable.

I paid $500 in taxes on $4,000 gains in 2023, so 12.5%. And I pocketed $3,500. Well worth it in my book.

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Long After the Thrill
Long After the Thrill

Written by Long After the Thrill

Kate is a highly educated, extremely opinionated, mom of four, and grandma of two living in a multi-generational home with enough life experience for TEN lives.

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