The IRS Just Had Its Best Year Ever Thanks To MEME Stocks & Crypto - How Money Works #Shorts

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who do you think the biggest winner from meme stocks and cryptocurrencies has been?

While the gen z's idea of a balanced portfolio has created a handful of billionaires it is Uncle Sam who has been the biggest winner of all!

The IRS just had its biggest tax collection year ever bringing in 2.7 trillion dollars a chunk of this was thanks to soaring corporate profits, but short-term capital gains the type of taxes that retail investors pay when actively trading stocks and crypto nearly tripled to 452 billion dollars.

A happy day for Uncle Sam should act as a healthy reminder to make sure you have enough saved away from your mad gains to pay off taxes before you go and spend it on a Lamborghini or a virtual monkey.

#Shorts

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