Capital Gains Sea Shanty
Sung by Dyreng's Deductions
Lyrics by Jeff Hoopes
There once was a man who bought some stock
In a little firm they call gamestop
The price went up so he sold his shares
Sittin on his gains so unaware
Then, oh, the taxman come
To tax his gains and stop his fun
Oh, when, the taxin’ is done
He’ll have some pennies and change
So what could you do to stop the pain?
To keep the taxman from your gains?
To keep the tax from being incurred
The best way is to just defer
Then, oh, the taxman come
To tax his gains and stop his fun
Oh, when, the taxin’ is done
He’ll have some pennies and change
Deferrals not the only game in town
To save your money just share it around
To spare your gains from a high tax rate
You just need to donate
Then, oh, the taxman come
To tax his gains and stop his fun
Oh, when, the taxin’ is done
He’ll have some pennies and change
Ooooohhhhh
Ooooohhhh
Oooooohhhh
Oooohhhh
Chorus Ooooohhh
Chorus Ooooohhh
Chorus Ooooohhh
Chorus Ooooohhh
Another trick to save tax costs
Is to harvest your loss stocks
Sell as many as you have in gains
To save yourself from taxman pains
Then, oh, the taxman come
To tax his gains and stop his fun
Oh, when, the taxin’ is done
He’ll have some pennies and change
If you defer your gains so well
Because you’re dead as a doornail
You’re dead but your estates got luck
Because your basis gets stepped up
Then, oh, the taxman come
To tax your gains and stop your fun
Oh, when, the taxin’ is done
You’ll have some pennies and change
Oh, when, the taxin’ is done
You’ll have some pennies and change