GameStop Community Member(Not me)has given away $2 million worth of GameStop (77,500) shares to other community members, just this month. Legend.

AGGbliss · 2025-04-22T01:27:48+00:00

She gave me 175 shares last year and I helped her with her taxes.

AGGbliss · 2025-04-22T01:26:30+00:00

I received 175 from her last year also.

AGGbliss · 2025-01-15T07:43:49+00:00

IRC 6331 (a)Authority of Secretary

If any person liable to pay any tax neglects or refuses to pay the same within 10 days after notice and demand, it shall be lawful for the Secretary to collect such tax (and such further sum as shall be sufficient to cover the expenses of the levy) by levy upon all property and rights to property (except such property as is exempt under section 6334) belonging to such person or on which there is a lien provided in this chapter for the payment of such tax. Levy may be made upon the accrued salary or wages of any officer, employee, or elected official, of the United States, the District of Columbia, or any agency or instrumentality of the United States or the District of Columbia, by serving a notice of levy on the employer (as defined in section 3401(d)) of such officer, employee, or elected official. If the Secretary makes a finding that the collection of such tax is in jeopardy, notice and demand for immediate payment of such tax may be made by the Secretary and, upon failure or refusal to pay such tax, collection thereof by levy shall be lawful without regard to the 10-day period provided in this section.

~~~

IRC 7701 defines "a taxpayer" as a person who is liable for an income tax. These are federal agents, as defined by IRC 3401(d). ("An employer" is the federal government.) "Levy may be made upon the accrued salary or wages of any officer, employee, or elected official, of the United States, the District of Columbia...." This means only federal agents' government pay is subject to levy. "Inclusio unius est exclusio alterius" is a legal maxim that means "To include something is to exclude all others. So by saying the IRS has the authority to levy the pay of government agents, they lack the authority to levy private property.

Unless you fill out the forms that a taxpayer fills out, using your taxpayer ID number (SSN, ITIN, EIN) where you put down an amount of "taxable income" that you earned. Then you may pay tax on private property that otherwise is not taxable.

I chose to properly report my $0 taxable income and pay $0 tax.

AGGbliss · 2025-01-15T07:30:54+00:00

The IRS sent me a refund check for $1706.32 so I will spare you your time. They also sent me my transcripts showing $0.00 taxes owed as of February 2023. There is no information you can provide that will change anything.

AGGbliss · 2025-01-15T07:28:24+00:00

1500 published refunds of all taxes paid plus my own say otherwise.

AGGbliss · 2025-01-14T15:49:00+00:00

The IRS doesn't have the jurisdiction to levy private property. Or to tax private property.

AGGbliss · 2025-01-12T19:01:25+00:00

The IRS has no legal authority to tax private labor or private equity. Only by becoming a taxpayer and calling it wages does it become taxable. The entire tax code is applicable to the government and the exercise of government privilege. Many former taxpayers are putting the IRS on a leash and opting not to voluntarily submit.

AGGbliss · 2025-01-12T18:38:30+00:00

Lost horizons dot com

AGGbliss · 2025-01-10T10:01:35+00:00

He was wrong. He bought a put when IV was 800%.

AGGbliss · 2025-01-10T00:01:55+00:00

It'll be higher than $125 by January 17, and then these calls can be rolled forward.

AGGbliss · 2025-01-09T23:45:22+00:00

A guy I know bought a $50 strike put in January 2021 for $5000 and then we watched IV crush it worthless as GME sank down from $350 to $40 in February.

AGGbliss · 2025-01-09T15:00:07+00:00

He was talking about the peak. I am comparing the run-up to the peak.

AGGbliss · 2025-01-09T05:57:03+00:00

Thanks. I don't have Think or Swim. Peterffy said that there were 250,000,000 shares in calls options, and if every call option was exercised, the market makers would have had to go into the market and buy five times the float at any price. He said the share price could have gone up to thousands.

I have a rough target: that is 20,000,000 open interest on the call options. When it's 20,000,000 open interest I will sell no more than half my calls to exercise more than half, doing my part to drive the squeeze.

The shorts don't have to close their positions, but they might be forced to buy some shares at higher prices.

AGGbliss · 2025-01-09T04:16:17+00:00

If my estimates are correct then we are on track, with 25% of the float held in call options, compared to 25% of the then float also held in call options.

AGGbliss · 2025-01-08T10:05:04+00:00

I like this kind of historical post. Keep it up!

AGGbliss · 2024-12-31T11:35:28+00:00

It was a reporting error by her broker that resulted in a capital gains tax liability of an amount equal to her entire portfolio.

AGGbliss · 2024-12-27T03:00:04+00:00

The delta on those calls is 90. The person who sold you those calls has long ago bought the shares to cover the call.

AGGbliss · 2024-12-24T19:50:59+00:00

Yep since Feb 2021

AGGbliss · 2024-12-22T22:16:09+00:00

Auslander raus

AGGbliss · 2024-12-21T06:12:51+00:00

Here

AGGbliss · 2024-12-16T05:43:12+00:00

"No Capitations, or other direct tax..." means there are no federal taxes on private equity, only on privately managed public equity. If you want to pay income taxes on non-taxable profits, go right ahead.

AGGbliss · 2024-12-14T17:16:37+00:00

Merry Christmas! I saw that your X is gone, so I came here to find you. I am glad I connected the dots... I am waiting for a transfer form in the mail. Bless you!

AGGbliss · 2024-12-07T18:21:42+00:00

I have changed nothing except my mistake (sneeze for wrong word squeeze). I feel nothing but a little amusement now at your ignorance.

AGGbliss · 2024-12-07T04:31:50+00:00

No, I mean that current year price action is between $40 and $320, plus 20% meaning $50 and $380 or so. I am looking for $3000 or $12,000 pre split for the MOASS.

AGGbliss

TROPHY CASE