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Old 12-18-2017, 05:37 AM   #1
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Taxes and Stock Market

Anyone noticed how well the Stock Market has been doing? What about Trump Tax Cuts?
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Old 12-18-2017, 06:01 AM   #2
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Taxes & stock market

How can anyone not notice what the market is doing !! - I also think we're all watching what the new tax program will do.

Hope the market continues what it's been doing. Not that long ago I bought a stock that everyone told me I was nuts to buy....paid in the mid $30 range when it was an IPO - today it's $343 +. Am only sorry that I only bought 100 shares then.....Name of the stock - TESLA !!
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Old 12-18-2017, 06:54 AM   #3
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Tax code changes should be good for the market / business. No impact on half the country that don’t pay taxes now, more people will fall into that group. Many will still get more back than they paid in if they paid any at all. Those outside the no pay group will pay more. And I will still need tax software to file my taxes, no postcard for me. Much ado about not much.
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Old 12-18-2017, 11:48 AM   #4
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Originally Posted by fluffyms View Post
How can anyone not notice what the market is doing !! - I also think we're all watching what the new tax program will do.

Hope the market continues what it's been doing. Not that long ago I bought a stock that everyone told me I was nuts to buy....paid in the mid $30 range when it was an IPO - today it's $343 +. Am only sorry that I only bought 100 shares then.....Name of the stock - TESLA !!
[moderator edit]

PS May wanna check with tax advisor as I believe as I believe we still have zero fed taxes on first $75k long term gains if income is below $70K? ..... You can always buy back or reinvest in another like OLED or AAPL or NVDA or BABA or even Amazon or Alphabet? They say NVDA is set to go to $250 and is trading around $190ish after hitting $215ish and selling off it is now rebounding and OLED looks interesting too.
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Old 09-12-2018, 08:59 PM   #5
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I just lost 70% on one investment. No one likes to talk about their losses, just their gains. Don't invest, can't play. Good luck
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Old 09-13-2018, 08:55 AM   #6
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I'm making money, but I am mostly into bond funds. My income taxes will be considerably less under the new tax plan.
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Old 12-26-2018, 12:24 PM   #7
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Originally Posted by BraveWrigley View Post
Anyone noticed how well the Stock Market has been doing? What about Trump Tax Cuts?


Just wondering what youíre thinking about the Stock Market right about now... Merry Christmas!! Tax cuts will help us, being FT w/no deductions (double standard deductions and lower rate).
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Old 12-26-2018, 12:31 PM   #8
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If anyone is still following this thread... 2 weeks later and Wall St is tanking, Tokyo & London down...


The "market" is a fickle thing.
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Old 12-26-2018, 12:38 PM   #9
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I'd down to living out of my IRA and have to pay taxes on what I withdraw. I figured out how much I could get out of it and still stay in the 12% bracket and got that a couple of weeks ago. I'd much rather pay 12% on it now than whatever it goes to when it goes back up.

BTW, the Dow suffered a larger drop in percentage in late 2008, under the old tax plan.
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Old 12-26-2018, 12:40 PM   #10
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I'm putting on my seatbelt, the ride is going to be rough for a while I think.

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Old 12-26-2018, 12:44 PM   #11
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I end up paying income tax on 95% of my social security and will go from married to single, lose my child deduction and head of household tax schedule this year. Not going to be a good year for me. Last year I paid over $3,000 so had to pay a fine and send $900 in quarterly. One more payment due in mid Jan.
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Old 12-26-2018, 12:47 PM   #12
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Taxes and Stock Market

While I do have investments I withdraw little of it as a percent yearly
my pension and now Social Security make up almost all my income. The market will recover. I havenít lost dramatic amounts .. in fact itís about what I had at the start of the year. The year before however I did very well. Put the two together and I did ok

The tax cuts now that I sold my house in 17 will net me by estimate about 900 more in fed and state in my pocket for about the same income. The new std deduction is more in my case than the long file deductions I took last year and I donít have to mess with figuring interest , taxes etc to deduct all out. With not having any deductions this year I would have been much worse off without the doubling of the std deduction !
Now that I have all the real numbers , I need to sit down and not just estimate and file ASAP to get my overpayment back
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Old 12-26-2018, 01:06 PM   #13
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Stock market has had a good run until recently when news of China slowing down, issues in Europe and Brexit, and yes the tariffs have had a short term negative. Tax cuts have spurred a lot of investments in jobs and are working. New tax law is a big ? For me this year due to changes in deductions but were the right thing to do. Have not had to sell anything to live on, I’m a long term investor both historically and going forward so all is good.
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Old 12-26-2018, 01:32 PM   #14
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Taking a different look. Hope the market stays down till after the New year, so my IRA goes down and thus next years RMD. Less taxes to pay
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