Meme Stock Mania Propels the IRS to Record Tax Haul
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Last year's meme stock frenzy may have turned a handful of Reddit-addicted retail traders into millionaires -- and squeezed a handful of short-selling hedge funds into double-digit losses -- but the big winner was a bearded old man in a top hat. We're talking, of course, about Uncle Sam.
The Internal Revenue Service reported a record amount of tax revenues for the first eight months of the fiscal year, propelled by a rash of earnings from retail stock traders.
Source Fool.com
