LIES Ep. 38

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The White House correspondents’ dinner celebrates was a farce - celebrating a “free press” and "decent" man / warmonger Joe Biden.

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Is this America? Doesn't feel like it

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Hi Everyone Sandman Here,

This video is brought to you by a donation from Sebastian and here's what he has to say: "Hi Sandman, I live in Toronto and need to talk about how I invested a couple thousand in a tec companies called aitx, drones Canada, imaginear, nextech3d ai corp and other 3D printing AI VR AR stocks. The aitx already went up I'm 50%. I'm holding for the next 10 years. So what happens if the stock goes from 0.05 to 10$ and I have 10 million dollars at that point? Do I have to pay 5 million when I sell? I want to sell millions of shares at 10$ each and reinvest half in div stocks. But how much do I pay? I'd like to get your idea what you think of those stocks. Thank you. Well Sebastian thanks for the donation and topic. The capital gains tax is not 50%. Only 50% of the money you make on stocks or real estate are subject to tax. Or at least that's what it was until the most recent budget unveil in Canada. Now thanks to Trudeua 66% of capital gains will be taxed. Starting in the middle of this year. Remember this isn't financial advice but the first thing you want to do is look at maxing out your Tax Free Savings Account with investments so that none of the gains are taxed. But also remember that if you lose money in those then you won't be able to write off the capital gains and you'll lose the contribution room. Sebastian you're investing in Penny stock startups that have no earnings and are basically a hail mary pass to prosperity. I wouldn't be doing what you're doing. A lot of people have better luck investing in memecoins then they do in the stock market. You speak almost as though this is a done deal and the ten million will come rolling in. If you have that much conviction regarding these companies then max out your TFSA and pay zero tax. I don't buy individual tech stocks anymore. I buy IYW the ishares blackrock technology ETF. I'm not going to make millions off it like you hope to do off of penny stocks but if it continues on it's trajectory I'll definitely beat inflation and have a surplus of value that I can gain. Normally people worry about taxes once they've made their money, when it's already there. The best time to worry is before you make it like you Sebastian. Use legal government sanctioned tax shelters. Your strategy you're implementing is just hope that the government doesn't increase taxes. I've spoken to a few people high up in finance and they believe that with the debt troubles governments have gotten themselves into they are going to have to increase taxes dramatically in the coming years and decades. I get the sneaky suspicion that going forward governments might cap how much of your profits are tax free in a tax free savings account in Canada or a Roth IRA. I have about 80% of my Bitcoin ETF holdings in a tax free account. The rest in 401k or rrsp equivilants but even those will get taxed later down the line and I suspect the taxes will be a killer in that case. Combining that with what I have in non-registered accounts and my Ledger I was able to take my effective tax rate on my Bitcoin holdings down from around 23% to 11.5%. But now thanks to the Trudeau government they took me back up to around 16.5%. What do increasing taxes have to do with women you ask? Well more female politicians are going to be elected in the future and that means larger deficits than ever. Christia Freeland the Canadian finance minster just ran another record deficit hiring hundreds of thousands of civil servants, mostly minority and female hires. Someone has to pay for it so why not the Sandman? I'll discuss more in a moment but first let me tell everyone about today's sponsor MetVPN:





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at least let the bodies cool off dude

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