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... his guts! He thought he had $10,199,878 sitting pretty in his account, only to be hit with the harsh truth that Uncle Sam was waiting, with outstretched hands, like a greedy ghost, ready to take his cut.

With shaking fingers, he hurriedly opened the IRS website, hope hanging by a thread. Maybe there was some obscure exemption he didn’t know about. Maybe he could find a loophole tucked between tax code lines.

And that’s when he saw it.

Short-term capital gains tax ...

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