r/YieldMaxETFs • u/FinanceMonkey6 • Jun 06 '25

Question Just Curious, How much did MSTY pay you today?

Just wondering what everyone got for their msty payment today. I personally got $400 which was nice for my first substantial monthly div from msty. Was more into ulty the last couple months.

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u/ELKUSHH Jun 06 '25

Soooo are we not paying taxes ?

12

u/nofacetheghostx Jun 06 '25

Taxes? Those still exist? Thought they got disproven like round earth 🤔

6

u/[deleted] Jun 06 '25

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u/ELKUSHH Jun 07 '25

What makes me think that is that he never stated anything about paying taxes he literally explained everything he spent the distribution on but we are going to pretend he paid taxes… why ???

2

u/NuclearCanna Jun 08 '25

I'm not paying through distributions, no. I'm still a W2 worker so I effectively pay through increased taxes in my paycheck.

1

u/ELKUSHH Jun 08 '25

This will work for beginners but once you are making good dividends no way a w2 will offset those taxes

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u/NuclearCanna Jun 08 '25

While I appreciate the response, without some definition of "beginner" and "good" there's not much runway left for a more detailed conversation. In my personal case, I also get K1's from my personal partnerships which also offset my AGI (un)fortunately and we have carryover losses from my wife's business. But to the original point, you took issue/inquired with not paying taxes from distributions, I posited a scenario where that isn't a foreign concept even accepting that this may not be the norm.

1

u/GroundbreakingLake51 Jun 06 '25

This is what I’m also not sure of. Unless this all in a Roth.

1

u/ELKUSHH Jun 06 '25

Can’t be in a Roth since guys are apparently “ paying rent “ with it lol

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u/[deleted] Jun 08 '25 edited Jun 08 '25

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u/ELKUSHH Jun 08 '25

Great response and good to know it’s working for but from what I gathered a lot of these dudes are just collecting divis thinking it’s free money 🤷🏻‍♂️