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Links;
https://www.reddit.com/r/amcstock/comments/qfcqkq/case_201424_citadel_securities_llc_v_sec/
https://www.courtlistener.com/docket/59783498/in-re-january-2021-short-squeeze-trading-litigation/?filed_after=&filed_before=&entry_gte=&entry_lte=&order_by=desc
https://www.reddit.com/r/amcstock/comments/qfag7e/amc_correlation_w_other_heavily_shorted_stocks/
Top link is the livestream
The SEC vs Citadel Court Case is being livestreamed today, tune in to see how it unfolds.
Janet Yellen has also proposed a new 'unrealised gains' tax, that is very likely going to impact AMC holders to tax US on our unrealised gains.
At the moment, the proposition is only to tax billionaires on their unrealised gains passed down to their next of kin.
However, it's likely that the scope of this tax will be expanded to tax EVERYONE on unrealised gains, not just wealthy billionaires.
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Welcome back to the channel everyone today, i want to talk about janet yellen's new proposed unrealized gains tax. This would effectively tax the apes on any gains you've already made, even though you haven't even sold so stay tuned and let's make some money. But before i dive into the video, if you haven't already be sure to check out the amc related merch in my store, linked in the description below i'm currently wearing the space ape hoodie, which is one of my favorites, along with the to the moon, t-shirt and Also, if you haven't already be sure to check out the link in the description below to the private discord there, we talk about amc and gamestop, but also other stocks and cryptocurrencies like shiba inu before they explode. And now i want to dive straight in with the key information.

So, let's start by hearing about what janet yellen had to say about the new proposed tax that senator wyden and the senate, finance committee have been looking at. That would impose attacks on unrealized capital gains on liquid assets held by extremely wealthy individuals. Billionaires. I wouldn't call that a wealth tax, but it would help get at capital gains, which are an extraordinarily large part of the incomes of the wealthiest individuals and right now escape taxation, uh until they're realized and often they're unrealized, and that death uh benefit from a so-called Step up of basis, so it's not a wealth tax but um a tax on unrealized capital gains of exceptionally well so effectively.

What janet yellen is proposing here is a tax on unrealized gains. You would get taxed every single year on your unrealized gains. Instead of getting taxed once at the point of sale, when you realize those gains and incur capital gains taxes now, the problem here is that, obviously, if you don't realize your gains, you don't actually have any physical cash to pay the tax with. So what janet yellen is asking you to do is find cash from elsewhere to pay your tax on your gains on amc that you haven't even realized yet because you haven't even sold now.

Yes, janet yellen does specifically say here that it is going to be attacks. Mostly for billionaires, but at the same time i don't think it will be a tax that applies solely to billionaires. I don't really think they'd, let that happen. They obviously want this tax to apply to everyone, and probably mostly people like you and i the regular retail investors that don't really have that cash to pay the tax with until they realize their gains.

So she did also specifically mention the step up basis here as well. That's where somebody dies and passes their unrealized gains or their unrealised assets to the next of kin. The next of kin doesn't actually inherit the original cost price for tax purposes. They inherit a new cost price at the point of death for their tax purposes and therefore, all of those unrealised gains that would have happened beforehand before the death effectively goes untaxed.

Now, obviously, it is important to make sure all of those unrealized gains are actually taxed when they pass across, rather than just creating a new cost basis. But i don't think the way to go about that is by creating a new tax on the unrealized gains. They effectively just need to make a specific ruling to make sure that that portion that previously wasn't taxed is now taxed after the cost basis moves across to the next of kin. There's a post here from mackenz that says: here's what's really going on with the janet yellen taxing unrealized gain situation.
It's not what you all think, and he says: here's what's currently going on old billionaires that have a ton of money, end up passing away and the assets that the person was holding at the time of death are then deemed unrealised gains, because the person holding them Has died. This is then passed on to their children, but the gains are never taxed because, as the transfer happens, the assets get a step up basis, basically meaning that that original cost gets stepped up to this new cost for tax purposes, which is the cost at the time Of death, she is currently proposing that an estate tax be applied to those assets that are currently passed on, tax-free for billionaires or individuals that have made a hundred million dollars or more annually for the last three years. And that's probably not your me right now, and that's also only for stocks we held at the time of our deaths that were not unrealized, not for any stocks you are holding while you're still alive. Therefore, at the moment this will only affect less than a thousand americans of our population of 338 million, and he says honestly tax those people - i don't care, they should be taxed and tax loopholes, such as billionaires, storing a ton of their wealth in equities when they're About to die and then passing those assets onto their children, tax-free is rubbish.

It should be taxed like anything else, but i think it's also important to remember that janet yellen, probably isn't working on our side like the rest of the sec and the rest of congress. Haven't been so far and therefore, if this proposed tax is ever passed, it's more than likely going to be passed in a way that does also impact regular investors, like you and i, rather than just wealthy, wealthy billionaires. I'm sure those billionaires will basically counter the proposal and say what about the regular investors that also have unrealized gains. Those should be taxed as well, and then, if it ever does get passed, it will probably be passed in that way and would impact us as well.

Now you also probably know there's a court case going on today between citadel securities and the sec i'll leave a link to this post down in the description below, because the court case is being live streamed, so you can watch it as it unfolds. Citadel is suing the sec for implementing d limit orders on the investors, exchange or iex. Why? Because d limit orders, let the iex take away citadel's ability to rip off retail investors. So here goes the limit orders level.
The playing field against high frequency arbitrage essentially citadel uses arbitrage to take advantage of price discrepancies on the lit exchanges. They do this by using the delay in literal milliseconds. It takes for your order to get to the market and profit on the difference, but how do they do that? Well, they have expensive algorithms and physical cabling that gives them that advantage of literal milliseconds. The limit order lets the iex use an ai to prevent predatory market makers from using this latency to front run your orders, in other words the limit orders.

Let you pay the price quoted in the market before it moves away from you, basically, meaning you get the price that you pay when you place an order now, in a cynical attempt to paint this as protecting retail orders and protecting retail investors citadel is suing the Sec to prevent the iex from using those de-limit orders and this matters, because the sec by allowing d limit orders, is removing one of the two big ways that citadel and others effectively make their money. If citadel can't manipulate the market and can't front run orders, they can't make any more money and therefore they can't make any more liquidity to add to their amc short positions. Now. Interestingly, another court case that i wanted to talk about is the january 2021 short squeeze trading litigation, which is actually still ongoing.

Each and every single day, with new filings being made very, very regularly i'll leave the link to these updated documents down the description below you. Can see that some of these documents you do have to buy and pay for, but some of them you can download as pdfs for free and the further you go. More of them are available for free downloads. As you can see at the moment.

There's 429 individual documents that have been filed since back in january. A lot of them have been followed in october and september and august. So there's a lot of reading to go through, but i do think it is good to see this litigation and this lawsuit is actually still ongoing and hasn't just been brushed under the rug to unearth in five or ten years time. It is still ongoing each and every day, and now i also wanted to talk about amc's correlation with other heavily shorted stocks in the below screenshot.

I grabbed from bloomberg. We see the price movement of six stocks over the time period covering january 4th to the present day. The stocks we see on this chart are amc, gamestop, blackberry costs, bed bath and beyond and nakd or naked brands for anyone who's not been following this saga. There are bad actors in the market, short hedge funds or hedge funds, that are betting against stocks, in efforts to stifle the price action and growth of these stocks.
While select figures of mainstream media are slowly coming around to recognizing and acknowledging what is actually going on. In the market, many still try to act as though nothing is wrong. With that said, let's have a look at the above chart. If you're noting similarities in the chart, you are not alone.

What is displayed is what many of us apes, or buy and hold retail investors would simply call market manipulation. However, there's another word that can sum up what we see here and is more recognized and accepted by smart money, investors, which is correlation or well manipulated correlation. This is the screenshot and you can see, especially between the time period between june and present day. These stocks are literally mirroring each other, almost on an exact day by day basis.

So if the above screenshot is still not enough, let's look at some statistical data, also taken from bloomberg. Using the correlation function, the below table, which also covers the period between january 4th to present day perfectly and concisely, illustrates the strength of correlation between our variables or the stocks. So how do we interpret this data? Below is some notes from my former statistics, professor and some general guidelines for interpreting correlation data, so below 0.2 is weak. Correlation between 0.2 and 0.5 is moderate.

Correlation and above 0.5 is strong correlation. So, as you can see from that above matrix, there's, zero stocks that have weak correlation 26 have moderate correlation and a whopping 73 have that strong correlation, so you can see from largest to smallest. Amc has the most correlation and blackberry has the least correlation, basically meaning that amc is the most heavily manipulated stock there, because they're trying to make amc, look like everything else and finally, wired also made an interesting correlation between the number of failed delivers and the price Action notice how, when you tend to get on the regulation, show list which restricts short sales even to market makers. That changes happen on the underlying stock very quickly, then one day poof they'll disappear, as you can see.

For example, back in james stop before january, there was tons and tons of failed delivers popping up almost everywhere. The price then rocketed off and ever since all those felt delivers have majestically disappeared. We can also see from amc that, back in january, before the run-up there were tons and tons of fail to delivers and then they majestically kind of disappeared. When amc did run up again, they did kind of come back back in april and may and again when amc ran up ever since they've basically just disappeared again, and this just shows the manipulation in place and how these hedge funds kick the can until they can.

No longer keep the can any longer, and these filter delivers start popping up in a massive massive way and then they lose control and the price runs up. Obviously, because the price runs up, the hedge funds need to try and get back into control, otherwise they'll end up being liquidated and therefore increase their manipulation levels again. I think we're basically just waiting for these massive amounts of to deliver us to start popping up again and then we'll see, amc running again, guys be sure to. Let me know down in the comments below what you think about janet yellen's new proposed tax, which is most likely going to be made to affect the apes and tax us on our unrealized gains.
And if you haven't already be sure to check out the amc related merch on my store, linked in the description below to pick yourself up some cool amc, related merch and show your support and as always guys. If you enjoyed this video be sure to check out some of my others, alternatively, subscribe to the channel and ding that notification bell, because that way, you'll be alerted. When i upload a new video cheers.

By Stock Chat

where the coffee is hot and so is the chat

34 thoughts on “Janet yellen taxing amc holders?! ๐Ÿ”ฅ โ€“ amc stock short squeeze update”
  1. Avataaar/Circle Created with python_avatars Michael Clinton says:

    ๐Ÿ˜‚ good luck getting any unrealised gains tax off me my amc shares are held in a tax free isa in other words ๐Ÿ–•you Janet yellen nice try though

  2. Avataaar/Circle Created with python_avatars offshoreman71 says:

    If they start taxing us on unrealized gains then I'm going to claim "unrealized children "! Lol

  3. Avataaar/Circle Created with python_avatars Margaret Valenta says:

    Lol shes saying the wealthiest individuals…..that would be people using the markets for tax evasion and wash sales….come on this is not in the correct context of the discussion. I dont think people understand how much the elites use the current tax loopholes dealing with the markets for tax evasion. Bills like these put thresholds in the millions. 90% of amc investors have below 10000$ in it. So the freakout from people is a little unjustified. Because things like these type of proposals would crush hedgefunds aswell. Leading back to fair market pricing.

  4. Avataaar/Circle Created with python_avatars King Jesus paid for sins! says:

    Maggots come out to show their true colors. She is not for the ppl at all. At least not the spirit.๐Ÿชฑ๐Ÿชฐ
    Trump is returning to drain the swamp, limit terms, and lower taxes. Look forward to it this season๐ŸŽโœจ

  5. Avataaar/Circle Created with python_avatars BigBoy Jeans says:

    Anyone who actually believes that these insane ideas are for the richโ€ฆโ€ฆโ€ฆโ€ฆwell, LETS GO BRANDON!!

  6. Avataaar/Circle Created with python_avatars MrGurbhej says:

    <If there is one thing I have learned in recent months it is to remain calm, especially when it comes to investments in cryptocurrencies. Learn not to sell in a panic when everything goes down and not to buy in euphoria when everything goes up. I advise y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses.The market is very unstable and you can not tell if it's going bearish or bullish.While myself and others are trad! N without fear of making a loss others are being patient for the price to skyrocket. It all depends on the pattern you follow. I was able to make 6.1BTC from 2.4 BTC in just August from implementing trades with tips and info from Benjamin Edginton .

  7. Avataaar/Circle Created with python_avatars MrGurbhej says:

    <If there is one thing I have learned in recent months it is to remain calm, especially when it comes to investments in cryptocurrencies. Learn not to sell in a panic when everything goes down and not to buy in euphoria when everything goes up. I advise y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses.The market is very unstable and you can not tell if it's going bearish or bullish.While myself and others are trad! N without fear of making a loss others are being patient for the price to skyrocket. It all depends on the pattern you follow. I was able to make 6.1BTC from 2.4 BTC in just August from implementing trades with tips and info from Benjamin Edginton .

  8. Avataaar/Circle Created with python_avatars ThirdEyeZoodotcom GameTighNoSlackdotcom says:

    Get that criminal trash out of our government. She is compromised. She took money from citadel

  9. Avataaar/Circle Created with python_avatars Marion Carr says:

    Taxing us? She probably doesnโ€™t pay her taxes at all

  10. Avataaar/Circle Created with python_avatars psulse says:

    Why stop there yellen. Tax people at birth for the potential gains they may make through the life. No difference you idiot.

  11. Avataaar/Circle Created with python_avatars MR.Twentysix says:

    This won't be passed. Because if it does everybody in the USA will march to Congress and starts to grow and to purge every single politician and every single rich person there. They will pick them up by their throats and purge them. This old woman is going to be hung for what she is saying the mass of people will band together and destroy her. But that's why they've been working so hard to create woke and g
    Genital y mutilate men and create the woke it's to divide men and women.

  12. Avataaar/Circle Created with python_avatars staytru fitness says:

    This just donโ€™t make no sense so I get tax for 10,000 what happen if I lose it all they really mad that regular people like myself finally made some money they just ruining the market from inside out

  13. Avataaar/Circle Created with python_avatars Paul McMaster says:

    so basically cash out and skip out to another country. ๐Ÿคฃ

  14. Avataaar/Circle Created with python_avatars Richard r says:

    All their new tax and attacks on the retail investors will be nulled when Trump takes over!

  15. Avataaar/Circle Created with python_avatars EMan Eman says:

    I think she's been smoking weed a bit too much…..how can you pay unrealized gains when you have not realized your gain ! WTF !!

  16. Avataaar/Circle Created with python_avatars Melanie O says:

    Let's not forget the new proposal for fed taking over all bank accounts and credit based on social standing. I truly wish I was make this up.

  17. Avataaar/Circle Created with python_avatars Melanie O says:

    That would hurt anyone trading any stock… not only AMC or GME holders.

  18. Avataaar/Circle Created with python_avatars neoextream007 says:

    Iโ€™m buying assets right away so go ahead and try to tax

  19. Avataaar/Circle Created with python_avatars Void says:

    Looks like they are PISSED of the new style of investment: APES. Buy, hodl, never sell.

  20. Avataaar/Circle Created with python_avatars TheJ says:

    This is seriously not okay, they already tax us on everything. Print billions of dollars which is another type of tax. They want to keep us poor simple as that. This old corrupt bat should be long retired already (sorry but this has me heated)

  21. Avataaar/Circle Created with python_avatars Alan Comaskey says:

    That could be a trap. They could change that to everybody at the last minute.

  22. Avataaar/Circle Created with python_avatars REALTOR PAMELA MASON THE RESIDENT REAL ESTATE GROUP says:

    Heard nothing about AMC. I did hear about billionaires being taxed. Billionaires are not currently being taxed on gains unrealized or realized. You say BILLIONAIRES. We don't know anything yet. Too many assumptions in this one.

  23. Avataaar/Circle Created with python_avatars Mark A says:

    Youre spreadning FUD, shame on you. If you don't understand a topic, don't discuss it. No one watching youtube could EVER be affected by this proposal.

  24. Avataaar/Circle Created with python_avatars Sven L says:

    Good thing I ain't in the US then eh….but again I ain't a millionaire not to mention billionaire…

  25. Avataaar/Circle Created with python_avatars RMA Studio says:

    People donโ€™t care about taxing the rich (until they themselves are rich one day) and the rich are already taxed a ridiculous amount. We apes better be careful either cheering this on or not caring. Bc after the squeeze we will care a lot about ridiculous taxes

  26. Avataaar/Circle Created with python_avatars RMA Studio says:

    Thereโ€™s definitely a Bidenโ€™s america joke in there somewhere but # too soon โ€ฆ I think

  27. Avataaar/Circle Created with python_avatars Know It All says:

    She said "exceptionally wealthy billionaires", so that's cool with me, when I'm a billionaire I don't think I will care as much as current billionaires… but as is normally the way, the 99% will get scummed and the 1% will dodge it somehow.

  28. Avataaar/Circle Created with python_avatars Louis Scavo says:

    Iโ€™m not too worried about it. They wonโ€™t be able to pull that off. You pay taxes on what you own like when you buy a car for the first time (and one time only) and on real property yearly. Sheโ€™ll never get that passed. She sounds like an idiot on national television also. Arenโ€™t there less than 20 BILLIONAIRES in the WORLD? She sounds like sheโ€™s not even lucid anymore. She should retire. Honestly. She repeated herself three/3 times. Even IF it passes (BIG IF) then itโ€™ll probably be in 2022 and by then, AMC would have MOASSED by March/April and we can all runaway. HAH!

  29. Avataaar/Circle Created with python_avatars Siath AQ says:

    This is bs its unrealized gains…. why would I pay taxes on something I don't have. That's blatantly being robbed. Also defeats the purpose of holding anything long term.. that would destroy the economy

  30. Avataaar/Circle Created with python_avatars Slitterbox says:

    Y'all want Boston tea party? Because that's how you get Boston tea party

  31. Avataaar/Circle Created with python_avatars Genny Trickett says:

    She looks and sounds insane. How can my taxes be taxed when they arenโ€™t realizing d until I hit the sell order and the order has been filled

  32. Avataaar/Circle Created with python_avatars Cary Welch says:

    YOU KNOW WHO YOU NEED TO TAX IS THE HEDGE FUNDS & BBANKS THAT WERE DOING ALL THE SHIT ILLEGALLY, THAT'S WHO YOU GO TAX & BY THE WAY GO TAX YOURSELF BECAUSE YOUR NOT LEGIT & STRAIGHT UP EITHER YELLEN.

  33. Avataaar/Circle Created with python_avatars Jacobo Sanz says:

    Hi Thomas, do we know when this court process ends to aprove or disaprove the d-limit ?

  34. Avataaar/Circle Created with python_avatars john kennedy says:

    She has to get the money she lost back somehow, and that is how she will do it.

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