My Age of Investment

109. Capital Gains Tax

NetEase's stock is not as dead as it was last year, and trading has become very active.

The 84,000 stock market price orders posted by Xia Jingxing were all traded shortly after the market opened the next day.

Thanks to the good trend of NetEase this year, the average selling price is not bad, reaching $37.12.

After deducting various transaction fees and repaying First Securities' loan, Xia Jingxing's account has withdrawn more than 3.028 million US dollars.

After he transferred all the money to the U.S. bank card, he transferred 2,000 and 3,000 U.S. dollars to Yang Niu and Xiao Dog's accounts through PayPal, and repaid the loan.

He didn't pay any interest, and he didn't pay any favors.

The relationship between the three people doesn't need to be so polite. It's enough to give each of them a gift at that time.

Just when he was about to book a flight back to China, Liu Hai called.

"Jing Xing, I'm very sorry, the director of our company would like to invite you to talk."

Xia Jingxing heard the wrong tone of Liu Hai's words and asked in confusion, "What's wrong?"

"As for the capital gains tax, this time..."

Liu Hai sighed on the phone, "I earn too much!

In the past, when we opened accounts for international students, we used ID cards to open accounts instead of social security numbers.

International students are a special group. They have not been naturalized or have green cards. They are equivalent to non-US tax residents.

However, international students have actually lived in the United States for 183 days, and stocks are actually required to pay capital gains tax.

This damn American tax law is very disgusting, especially unfriendly to international students. If you make money, you have to pay taxes, but if you lose money, you can't deduct taxes.

While U.S. residents or green card holders lose money in stocks, they can deduct tax, and capital gains tax is also included as part of personal income tax, and the tax rate is divided according to the income level.

All in all, it's a lot cheaper than you.

Most of the international students who come to us to open an account will lose money in stocks, so there is no problem of paying taxes.

Even if some people make money, but the profits of hundreds or thousands of dollars, the tax is pitiful, and it will not attract the attention of the IRS at all.

Everyone opened one eye and closed one eye, and they passed by.

But you are different this time. You make nearly $3 million in profit and pay close to $900,000 in capital gains tax. "

Speaking of this, Liu Hai lowered his voice, "Usually this tax is usually generated by our brokerage to help customers generate transaction records for tax declaration, or directly withhold for customers.

It is impossible for brokers to know how many days the customer has actually lived in the United States, so they usually only generate the corresponding tax form according to the information filled in when the customer opens an account.

You fill in the ID card and address in mainland China, and the capital gains tax is zero.

Now our company doesn't know what to do with it.

If you are treated at zero rate...

If, I mean if ah, if found out by the IRS, they certainly won't let you and our company go.

If you find an accountant and a tax accountant now, you can remedy your tax problems.

Now the management of the company is arguing about you.

Some people suggested that you should continue to file tax returns for you at zero tax rate, because if you don't do this, you are afraid that you will lift the lid on this matter, and Firstrade will not be able to ask for it.

Others have suggested discussing with you, persuading you to do tax remediation while also clearing Firstrade's liability.

You have to understand that I'm just a pawn in the company, I can't speak at all in the company, and I can't help you. I can only inform you, lest you be kept in the dark.

I tell you, the choice in this matter is entirely yours.

If you insist on not filing your taxes, our company probably won't dare to force you too much, and will even pretend to be ignorant to help you hide it.

Because our company's bottom is full of shit, and I'm afraid that you will stab it out and attract the mad dogs of the IRS to conduct tax inspections.

When serving the Chinese community over the years, they have done a lot of this kind of thing, but the amount is not as big as yours.

Your amount is indeed a bit scary, and it is very easy to attract the attention of the IRS.

If you insist on filing tax returns, our company will definitely help you to issue various certificates, and even wish you to do so.

But even if you choose to file a tax return, don't agree too readily. You can be patient with our company management and ask our company for some compensation.

Because in this matter, our company is responsible for misleading customers.

Even if you want to be held accountable and sue our company, it's okay.

They will definitely not dare to go to court with you and make this matter known to everyone, which will greatly affect Firstrade's reputation and business.

In short, you think about how to do it in your favor. "

The bangs were like a machine gun. After so long, they were very tired, and there were bursts of gasping on the phone.

Xia Jingxing never interrupted, thinking while listening.

Liu Hai can be said to be very righteous, and he analyzed every situation for him without any reservations.

"Brother Hai, if I seek compensation, it must have an impact on you, right?"

"Maybe I'm going to be fired and cause such a huge loss to the company. I always have to find a scapegoat. My position is the lowest, and I'm the person in charge, so it's the most suitable."

After speaking, Liu Hai sighed, "You don't have to worry, just do it according to your ideas, it's not that I can't find a job, don't worry!

If you really can't find a job, can you come to Facebook to eat and drink? "

Xia Jingxing said with a smile, "No problem at all, you are welcome to join at any time."

"Then have you decided whether to file tax returns or not?"

Xia Jingxing was silent, and after a while, he said, "Well, I'll contact my lawyer first.

In short, you can rest assured that I will not let you get hurt in this matter.

If it is really hurt, it is guaranteed not to make you unemployed. "

Liu Hai on the other end of the phone smiled, "Okay! I remember it."

After hanging up the phone, Liu Hai's face became solemn again.

When this kind of thing happened, unless Xia Jingxing chose not to file taxes or seek compensation from the company, his plan would be decided.

However, he did not hide anything from Xia Jingxing because of this, and even cooperated with the company to intimidate Xia Jingxing.

That's right, the management of First Securities saw that Xia Jingxing was young, he was a mainlander, and he was not familiar with the place.

If you can't be scared, that's another story.

Liu Hai didn't think the management of the company could scare Xia Jingxing, and he knew Xia Jingxing's abilities and skills after contacting Xia Jingxing for so long.

According to news reports, Google's bid for tens of millions of dollars was rejected by this little brother.

This kind of person can't be scared.

Based on his inference, even if he did not tell Xia Jingxing so much inside information, the other party could handle this matter satisfactorily.

There is no other way but to "sacrifice yourself" to win a favor.

In short, he has become an outsider now, and his life or death depends on the results of the discussions between the two parties.

………………

PS: Thanks to Jian 1234, the author for opening the back door, book friend 20201009194742567, sharing the same boat in the evening, and rewarding readers!

It should be on the shelves after next week, everyone will take a look first. On the shelves and then burst more.

Or the old rules, ask for some recommended tickets!

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