>>992122I started trading stocks last year. The short term capital gains tax is pretty high, and I put the gains into other stocks. I could sell stocks to come up with the cash, but I've lost like 40k off my wealth because the stock market is in turmoil right now...and that'd lead to more taxes next year.
Next year, I'll make sure to save up more beforehand. Normally I pay a little bit of taxes to my state and get a small refund from the feds. Like, last year I got 900 from the fed and paid my state dollars in tax. Now I'm paying the fed 5.5k and the state 1.7k.
