GAINS

Gen_X15

Bought some SOL W MY TRON GAINS AND LONG IT x10. Will close in October or whenever the local top hits. This year has been good to me. Steady gains. All year! Fuck the bears

Dont_Be_A_Dick_OK

“SHE WANTS TO TAX UNREALIZED GAINS FOR PEOPLE WORTH OVER $100 MILLION! I WILL NEVER FINANCIALLY RECOVER FROM THIS” - mfers in here who are worth like 50 bucks.

crimeo

The tax is not on the entire value of your investment, it's on GAINS. How much as the Dallas Cowboys gone up in value since he bought in? If, for example, it went up 10%, then his tax is only 2.5% of the total value. Which he can almost certainly pay from other assets floating around. If not, he can sell to cover it (there would be no need to sell all of his share, just 2.5% of it at most)

Gutz_N_Gunzz

Life Changing gains Soon to be —> WIFE CHANGING GAINS

Joe_Smith_Reddit

At least he is pro Bitcoin and does not hate it like Harris who called him “money for criminals” and do not forget that the Biden HARRIS administration wanted to tax unrealized capital gains, which would be the end of Bitcoin[TAX ON UNREALIZED CAPITAL GAINS](https://bitcoinmagazine.com/business/unrealized-capital-gains-tax-stock-bitcoin)

Osmosith

cap gains? # WHY NOT UNREALIZED GAINS? Don't you want to PAY YOUR FAIR SHARE to politician paychecks and some wars?

Every_Hunt_160

This is why they say most people only get rich in their second bull run at the earliest. The next one will be my second, so fingers crossed for WIFE CHANGING GAINS then!

BTCWZRD

Stop. Breath. You’re not going to miss any train. Theres PLENTY OF OPPORTUNITIES IN ALL MARKETS FOR MASSIVE GAINS ALL DAY EVERYDAY. What you need to do is strategize. Buy a little bit at a time, every time the price dips or dumps, you throw in a couple bucks here and there. Maybe a couple hundred. Do this for.. well pretty much forever and you’ll be okay. Any amount of BTC is better than no BTC. Get what you can now and stack sats when available again. I know what you’re feeling. Don’t let your emotions get the better of you. Also, I recommend buying fractions of BTC on multiple platforms and exchanges, no just one. Just in case in the unlikely case of a hack, lost password, phrase or device. Good luck and happy stacking!

Ok_Rub249

I agree with you about risk in the short term, but I think you still don't get capital gains. You NEVER lose net money paying capital gains. You only pay taxes on GAINS, and you only pay 15-20%, so you still get 80-85% of whatever it appreciated. If you bought $100 worth, you would never have less than $100 after paying capital gains no matter how much it grew or not. You would only have less if the value depreciated.

Liiuc_

SAME MATE! like wtf... holding pepe is definitely better than holding eth (JUST FROM A SHORT TIME GAINS PERSPECTIVE...) ... I still think that in the long run alts will perform way better

EnvironmentalFan6640

The $POWSCHE community is getting so strong. We all know what this means - GAINS. People = Power and we’re growing in believers. You’re probably looking at $Powsche and wondering if you should invest or not. Well, do it now or get that feeling of FOMO and regret (we’ve all been there) when it starts climbing high and you missed such a great entry point. LFG!!

slvbtc

ALL CAPITAL GAINS TAX IS THEFT!!!! Everyone in this sub knows its not the price of the asset going up, its the purchasing power of the dollar going down!.. All assets rise in price over time because the currency is being debased and assets are denominated in the debasing currency. The government prints money diluting your purchasing power and that causes the price of your asset to rise, they then tell you you owe tax on the price rise when the price rise was caused by government money printing and was doing nothing but slightly offsetting the dilution of the currency. So the government causes your asset to rise in price by destroying the currency, then they claim you owe tax on that price rise. Capital gains tax is just as immoral and disgusting as the inflation tax as they are essentially one and the same. They both cause you to give your money to the government based on how much the government mismanages the currency. The more mismanaged the currency is the more inflation there is, and the more inflation there is the more capital gains tax you pay. It is literally sickening. It is straight up theft. Its absolutely criminal. All capital gains tax is absolutely immoral.

sunnnnnnnyyyyy

Buy DOGEVERSE on Uniswap BEFORE it gets listed in a month!!! HUGE GAINS!!! 0xcbe044eeba2793f640d3b60cb94ee57c1f21541c There’s the contract for it!! Do yourself a favor and get it while it’s still low!!!

c787

WARNING HIGH POTENTIAL GAINS The new meta is Country Coins, and sweden on chain is one of a kind. With Euro vision just started in sweden and the World Championship in ice hockey just around the corner sweden is a coin thats here to stay. At 100k mc today i dont see how 10x from here is not an easy play. Get your entry now, thats right its FA;) https://t.me/SWEDISHCOIN https://dexscreener.com/solana/BVAt1aqR6CVCxFseVYhR61WNdg1RXrj2ThPdtanJ45Co

c787

WARNING HIGH POTENTIAL GAINS The new meta is Country Coins, and sweden on chain is one of a kind. With Euro vision just started in sweden and the World Championship in ice hockey just around the corner sweden is a coin thats here to stay. At 100k mc today i dont see how 10x from here is not an easy play. Get your entry now, thats right its FA;) https://t.me/SWEDISHCOIN https://dexscreener.com/solana/BVAt1aqR6CVCxFseVYhR61WNdg1RXrj2ThPdtanJ45Co

c787

WARNING HIGH POTENTIAL GAINS The new meta is Country Coins, and sweden on chain is one of a kind. With Euro vision just started in sweden and the World Championship in ice hockey just around the corner sweden is a coin thats here to stay. At 100k mc today i dont see how 10x from here is not an easy play. Get your entry now, thats right its FA;) https://t.me/SWEDISHCOIN https://dexscreener.com/solana/BVAt1aqR6CVCxFseVYhR61WNdg1RXrj2ThPdtanJ45Co

xBrodoFraggins

People act like the taxable event is on the entirety of what you pull out. It's only the realized GAINS. Are there some people that are exponentially up? Sure. Most aren't, and whatever you pull out, you'll only pay taxes on the portion that are actual gains. And even still, paying 15-20% of your profit isn't that big of a deal, and you're going to have to pay it sooner or later...

snoughman

DO NOT SELL. GAINS AND LOSSES ARE NOT REALIZED UNTIL YOU SELL. Why do people buy high and sell low I really don't understand?!?!?!?!

OffThread

Really? TAX FREE GAINS ROTH IT, NO TAXES PAID. Duh.

MysteryLiezer

Bitcoin doesn’t “just work” when compared to fiat, though; There is no fiat exchange, there are no extra steps necessary towards spending it (in most cases); I literally get paid automatically, and sometimes, my money is even SPENT automatically (through recurring payments); the same way you don’t get paid to custom-roll Gentoo boxes, is the same way I don’t get paid to have to figure out how to pay each separate bill with bitcoin, especially when I already had to exchange my easy-to-use-for-this-use-case fiat for bitcoin that I rarely use (except as a store of value until it’s enough for me to, once again, exchange for fiat). In life, there will always be trade offs; us in Bitcoin trade inoperability for deflation; with Linux, I personally trade user experience for privacy/transparency/freedom, overall. I couldn’t help but wonder why the Linux trade offs aren’t deemed to be worth even a simple VM install, to a bunch of people who claim to be sooooo passionate about freedom (when what they’re really passionate about, are GAINS). You’re familiar with Linux, and these “vents” have less to do with you, personally, so I appreciate you for allowing me the room to express myself.

MakeItMine2024

Typical action before a halving.. could be a little frustrating for the next 3-4 months but if you want to know what to expect pull up the historical BTC price per day or week as we are in the equivalent on April 23rd 2020. The global amount of BTC mined per day is about 930 and that will drop the 465.. ETFS are purchasing exponentially more. I would take the opportunity to load up as SANTA IS COMING TO TOWN with BIG GAINS this CHRISTMAS

BiffTannen1855

Again this is absolutely incorrect. Line 21 of Schedule D (form 1040) which is the CAPITAL GAINS AND LOSSES form says "If line 16 is a loss, enter here and on Form 1040, 1040-SR, or 1040-NR, line 7, the smaller of: • The loss on line 16; or • ($3,000), or if married filing separately, ($1,500)" Meaning you can ONLY use $3k of carryover losses to offset EITHER ordinary income OR capital gains. Also I'm a CPA.

BiffTannen1855

Again this is absolutely incorrect. Line 21 of Schedule D (form 1040) which is the CAPITAL GAINS AND LOSSES form says "If line 16 is a loss, enter here and on Form 1040, 1040-SR, or 1040-NR, line 7, the smaller of: • The loss on line 16; or • ($3,000), or if married filing separately, ($1,500)" Meaning you can ONLY use $3k of carryover losses to offset EITHER ordinary income OR capital gains. Also I'm a CPA.

sheff404

JUST STARTED CRYPTO for reasl. I HAD 14.56% gains this week. MY GAINS THIS WEEK ( SHIBA INU & BCH ONLY what does everyone reccommened as i continue trading and holding? (FYI i use coin base too- and if anyone recommends meme coins DM me.) For those that dont understand crypto, the way i see crypto, the only way for it to gain value is for you to hodl it, and as others buy in, it goes top in value, with the point being that you'll only withdraw when you need to spend it it and it is a savings account of some form. When big sell-offs happen the price decreases, but if everyone holds and more buy, the price goes up as the currency becomes more scarce. whats cooler with shiba is that we control the burn rate. however, people try to trade on the ups and downs too much and instead of a consistent uptrend, it sometimes downtrends. I suggest everyone Holds. this gain is unprecedented and I was never into crypto before this week,. I finally get it. for anyone who trades stocks and doesn't understand crypto trust me, buy shiba., it will double when bitcoin halves. CRYPTO HEADS- can you confirm my hypothesis?

Screwstonplaya713

Lmaooo realistically, you need a whole bitcoin and not just a percentage to see ANY MAJOR GAINS! And everybody knows trust Wikipedia before you trust Google! 🤣😂🤣😂

I_HATE_GOLD_

https://preview.redd.it/bwdawzic7tmc1.jpeg?width=3464&format=pjpg&auto=webp&s=6316d9eb52e2c119e12e774ed72509f6b88b1105 GET THEM GAINS!!!

hotredrabbit

1. NEVER NEVER NEVER SPEAK PUBLICLY ABOUT YOUR GAINS AND LOSSES WITH CRYPTOS 2. Learn to read the graphics and identify patterns so you can get an idea of trend inversions.

brianobush

> They already take 35% of my paycheck smh. Feels like just twisting the knife to tax it again. You don't pay taxes on that portion, you pay taxes on the gains. That is why it is called capital GAINS tax.

Grouchy-Ad981

So not true imo. The biggest GAINS in the shortest amount of time are made of yolos, but so are losses. If you dont know what you are doing, have a solid plan in place, DCA id say has to win here. ESP when your talking about any stock / asset / whatever thats close to new highs. Least there is a pretty good chance this guy could still cash out in the black if he pays attention, Im hoping for a low of 100k this cycle, but your also talking like a 2T market cap

GonePhishn401

Dude..you’re literally describing REALIZING YOUR GAINS. Holy shit..I just can’t. This must be a troll. I’m all done here.

Barabbas-

You're taxed on 20% of your profit, not the value of your investment itself. Hence the term: Capital GAINS. If you're making $1mm selling Bitcoin after deducting the cost(s) of your principal investment, then you're rich as fuck and you're exactly the type of person who SHOULD be paying taxes.

ArnzenArms

The argument that you need inflation to drive purchasing and the economy is a foundational Keynsian lie and easily debunked. Why does anyone buy an iPhone? Or any cell phone? They get better and cheaper in performance / dollar terms every year! Why would anyone buy any computer products at all? You should read Jeff Booth's "The Price of Tomorrow." All human advancement results in increased productivity which is deflationary. We are all miscalibrated in thinking we're only losing the 2-3% purchasing power with inflation. We are losing that PLUS ALL THE PRODUCTIVITY GAINS. It is all being stolen by people who aren't even elected. The elected folks just tax us to take a little more and fool us into thinking we have some agency and can affect things with our votes.

Metz83

You almost certainly input something wrong, or there was something else you put in later that is responsible. Short term capital gains tax is a tax on GAINS (i.e., profit). Since you had none, there shouldn’t be any tax resulting from that. I traded some shitcoins for Bitcoin which is a taxable event, but all of them were at losses. I had no gains on any of them, and my refund was not changed at all after inputting them.

ptrnyc

Yeah it’s insane. Imagine, if you cash in some investments that made 7% (and thus lost money), you still have to pay freaking capital GAINS on these 7%. Insanity.

UpsetPush

Rite for certain and HELLO CRAZY 😝 GAINS BUT GREAT PROJECTS

ROBINHOODEATADIK2

That sounds like a good plan …. Unless they end up doing like the cognitively challenged moron in the White House has suggested and start taxing UNREALIZED GAINS !!!

fairysquirt

... it's just called accounting a CAPITAL GAINS TAX EVENT, does not mean you're taxed on every trade, it means you need to keep a record of every trade because CGT is triggered at point of disposal. you could figure out CGT by your first and last trade and the value change is clearly gain in your capitals value. the thing is we don't do one tidy first and last trade we split it off, some things we hold something we day trade. so they are just saying you need to do CGT properly like LIFO or FIFO or what ever. yes every trade is a taxable EVENT, but it doesn't mean you're taxed on every trade like some sales tax bs... lets say you do a trade and your capital value has increased 200 usd, like you bought 2000 usd of bitcoin and then next time there's an event you are buying 2200 usd of eth with it? where did the 200 come from? it's a capital gain right? and you're saying you pay tax on that trade? right? WRONG. why? well because your NEXT trade after that a month later you are selling your 2200 usd eth for 2000 usd sol, where'd the 200 usd go? well if you can only buy 2000 usd of sol now its because your eth is worth 2000 usd at the time right. well whats +200 -200? it's 0, so you aren't fuking paying capital gain on either trade they cancel out and you have NO CAPITAL GAIN, all you HAVE is two records ie cgt EVENTS showing that. so stop dramatizing basic accounting, you NEED every trade record, deposit and withdrawal to ACCOUNT for, why your capital total value at start of financial year was 100 USD and EOFY is 20000 USD, you're being being taxed on the capital GAIN in the END, not the middle, you just need to account for your business dealings. minus expenses/costs. the thing is, if you want to buy and hold crypto, CGT 'end result' is only determined at point of disposal, and if you hold for one year TAX on capital gain is halved in many countries. you could buy bitcoin and eofy it has gone up 19000 usd, and you never pay tax on it until you dispose of it, triggering a CGT event. but not every trade is taxed, it is just an EVENT the last disposal event determines the most recent point of reference for its value where tax is concerned, like... you may have done your last trade in august, and now its worth 10x more in december, but you aren't paying 10x more capital gains tax, because the value is determined by the latest disposal. they aren't taxing your every profitable trade, it's just basic accounting of a capital gain. initial value determined by expense/buy in and sum total value of every asset you hold, with a value determined by the last event as that is the running total value. maybe all your asset were worth 20x more in the middle, why would you be taxed on that total value, when before eofy you're back down??? clearly capital loss cancels capital gain.

FFMooch

AH, YES! I mean, if youre here, youre not even thinking of #3. #2 is awful. I have had TWO boating accidents in recent years. Rough times. And finally, anyone else notice on Twitter how all the so called experts are BACK! Geniuses, just aching to share their knowledge. NOWHERE to be found when BTC was 16k, but here they are. Back and with larger fake followings than before. Let us not forget, no one knows anything, you're not as smart as you think, you can not use leverage and MAKE EVEN MORE GAINS. Just stack and hodl. it IS that simple.

libretumente

You said fiat GAINS. I'm talking about real world utility being the reason some people buy and use crypto, not solely for speculative 'fiat gains'

SmooveMari

Happy new years everyone in this space! WE ARE STILL EARLY in this journey! CHEERS TO MANY GAINS THIS NEW YEAR📈🚀

Substantial-Rub1736

Yes - YOUR ARE TAXED ON THE GAINS OR LOSSES. In other words, if the crypto hasn’t moved significantly it’s a complete non issue. The taxable event is on gains/losses that are realized it’s not a fee to the government for exchanging from one currency to another.

NeminemLaedit

Nope i) The tax-free threshold is £6k, falling to £3k in April '24. ii) You pay tax on the GAINS, not the gross withdrawals,and you must calculate your gains and enter them in the SA boxes.(Use Koinly) iii) The basic CGT rate is 10%, the higher rate 20%. You must ADD your gains to your other income, salary, interest, rents, etc. The portion of Capital Gains that fall under £50, 270 (all income) will be taxed @ 10%. The portion above will be taxed @ 20%.

Ok-Ant-2143

Haha...I figured this out when btc Was $16k...sold and took the smaller hit on taxes, bought into BTCC.B immediately. (Lost a small amount due to fee's and slippage but who cares.) It was like a lightbulb going on in my head...TAX FREE CAPITAL GAINS. I know this sub will shit on it...but the lure of tax free is too good to ignore. (Sorry American's...you have to wait for you ETF's before you can do the same.)

LargeSnorlax

[When you see people posting about a coin in the daily and go to check](https://i.imgur.com/7XwRdia.png) Expectation: *"HOLY SHIT THIS IS GOING TO THE MOON, 5X GAINS"* Reality: My stocks went up more.

doubleknocktwice

Try to create a legit pumping coin. Say you create a leverage trading platform and offer high leverage. Create an ETH vault. People can trade in ETH and bet on coin prices going up or down. How to protect the ETH vault if more people win than lose? Create a coin that gets part of the trading fees. So you hold 10,000 GAINS. You get part of the trading fees. ETH vault gets drained due to good traders. So GAINS are minted and sold for ETH. Enough GAINS are bought and between traders losing and GAINS being sold, the ETH vault is well funded again. Assume more traders lose than win. The extra money can go to buying GAINS and burning it. So not only do you get ETH from trading fees for holding GAINS, there are GAINS being bought and burned by trader loses. And with your ETH rewards, you can buy more GAINS and get more ETH in rewards from your larger stack. And you can build upon that.

BigGaynk

that's what he is saying, but what he i implying is BUY NOW GET IT NOW BEFORE IT MOONS BUY BITCOIN BUY BUY BEFORE THE RICH WHALES SLURP UP THE GAINS

doodaddy64

> Accounts covered by the court order were determined by the sum of deposits, withdrawals, and trades conducted by the account. If I have it correctly, normal tax law is that ALL your GAINS are reported on a 1099. So for instance, the price of a stock minus the price at which you bought it is sent to the IRS. It sounds like here if you just bought crypto, you are already reported. The IRS doesn't need that info, but they get it. And what "court in California" is this? And why do they decide? > What information is being shared? > Transaction history for 2016 to 2020 OK. So transaction history going back years is ALSO well above normal IRS procedures. They don't get the "transaction history" and they don't go back years until they have a subpoena for some reason. And on it goes. The US is the fascist state that it mocked every other small country for.

TripTryad

This is a lesson nearly every old school crypto investor has learned if it makes you feel any better. Youll likely be back, but youll only bother with alts during the bull run when they are going crazy, and youll avoid them and go BTC during bear markets at best..... because thats just how it works. Everyone that's new avoids the big market cap king during their first bear market, because they want those "HUGE GAINS, not some measily 2x". But once you realize that its just going to burn you 99% of the time, you move differently in that next cycle.

analogOnly

There is no income tax on selling bitcoin you've bought, period. Exception - You mine bitcoin, it is a source of income, you pay income tax on it Exception - You are paid wage directly from your employer in bitcoin, you pay income tax on it. ALL OTHER FORMS OF SELLING BITCOIN ARE NOT INCOME, and you pay CAPITAL GAINS TAX. That is it.

pandaslovetigers

I don't understand. Capital loss implies that you SOLD (at a loss), and that's only to be deducted from capital GAINS tax overall. The government won't send you money because you got hacked or had your jewels or Bitcoin or car stolen... Care to explain in more detail what you mean?

ra246

Viewer making $GAINS

Dr_Will_Kirby

Sooooo i have been in this CLOWNY ass space for almost 3 years now.. STILL NOT A SINGLE FUCKING CENT OF GAINS Crypto is one of the biggest scams of our time… change my mind

Dr_Will_Kirby

Ive been in this shit for 3 years man… NOT ONE SINGLE CENT OF GAINS… I just don’t know anymore

Qptimised

The guy has $1.5million in something called GAINS (GNS).

SetoXlll

I'm in it for the tech but if I'm green, ima sell for GAINS all day everyday playa!

BarryTheBaptistAU

What a lot of folks forget about is the taxes and clips exchanges, and the tax departments clip. Sure, it depends what country you live in and the tax regime there, but if 100K turns into 1M, you have technically made a capital gains tax (CGT) of 900K. That is after you take out exchange transfer fees. In my country, that would equate to roughly 40% of 900K, or 360K in CGT leaving you with just 540K net profit or 5.4x. Hardly life changing money in most 1st world countries. Even if you add back you initial 100K, 640K won't even buy you a 2-BR apartment in many countries. The situation and world view is really skewed in developing and 3rd world nations. There is no way in Hell you are going to have 100K lying around to invest in crypto for starters. Secondly, even if you were gifted 100K USD in your local currency, you'd have to ask yourself, "*Would I be more likely buy a house outright, plus a new car outright, plus some of life's little luxuries, OR invest it in highly speculative and risky investment like crypto that is going to be taxed and clipped at every point along the way?"* STOP LOOKING AT GAINS AS PURE PROFIT!!!!!!!!!!!!!!! It's not that simple.

ChrisDlegend

When people tell you there are massive gains in project x... THERE ARE NO MORE GAINS IN PROJECT X.

Traveler-0854

I would assume most people here don't sell when up and then buy back when it dips. They're too focused on BIG GAINS instead of steady profits.

crust-xyz

"GAINS"

BlubberWall

Adding this to my RothIRA the second I can TAX. FREE. BTC. GAINS. IRS can suck it

supersmoked420

LOL! BIG GAINS TODAY!! Fingers crossed

SpaceFaceMistake

Most owners are in a gain. What’s your math on that. Way more people in gaining or have gained and sold out from a 1-10yr hold then maybe they are in NOW a NEGATIVE position maybe re brought at $40k but they turned (example) $1000 $BTC in 2014 for $320 in December and cashed out at $60k+ which is a 200x on their investment. Now they sold and re brought at $40k eg and now it’s $30k on the up. So while down 25% or 0.25x on their buy in of 40k~ price With $186k~ worth that was made from the initial $1000 invested for $320 per BTC in 2014 cashed in 2021. Maybe this makes for a case that Maltese sense for your statement but I believe it’s an overall GAINS and losses The market is UP how many thousand % still ? Yes it’s peaked but it’s not over by any means and only more people will adopt and more will be happy that blockchain is secure and REAL $BTC which is different than Bitcoin but it’s more or else the same. One is a market ticker and the other is the white paper.. that’s what people mean. So Bitcoin and $BTC are the same asset. But $WBTC IS NOT $BTC wrapped in something it’s not PURE BTC. But it’s useful for wrapped needs but imo BTC don’t need it things like $BAN BANANO wrapped is GREAT AS you can then swap to any other coin on exchange where Banano Cant be directly swapped on many or any exchanges.

guru_uru

dude i studied chemistry i did enough calculations lel. your math is soooo shet lel. OP saying if btc goes to 31k that the portofolio increases from 23% to 26%. OP isnt saying GAINS but PORTO. If 3% is equal to 1k, devide 1k with 3, multiply by 100.

Whitechoclate21

Stacking GAINS!

MrHeavenTrampler

Damn! I started investing in LTC in Winter 2020-Winter 2021 and MADE MASSIVE GAINS IN MATIC! I didn't cash out tho!

SickRanchez_cybin710

I don't see it mentioned alot, but it pays me 6c daily just for owning it, so far I've made like $10 which is HUGE GAINS MATE! So keen to buy some oil for my lambo with it /s I've only got a few hundred atm, will be buying more as time goes on, got 1.3 eth, going to start stacking btc as well, and then when I've got a good amount, the tezos will come in next. God I hope it pumps hard

t9b

You are not investing in crypto, you are exiting the current financial system to a safe haven. The problem for the SEC is not the losses, but the GAINS

Nifty_5050

>So you're making 800k in GAINS a year and this is going to impact you? 90% of the population only even has around 1.2m in assets(not gains) total. Not per year...just total. The second it starts impacting anyone in the 90% tile people from all sides will freak the fuck out. We went from top end 2% federal income tax to 37% on the top end. It's not a matter of if dude. Rich will adjust and the government will reach deeper. History has proven me right. >Why wouldn't the next step to be to tax loans taken against assets over a certain $ amount? Because taking loans is not earned income...

Delphizer

So you're making 800k in GAINS a year and this is going to impact you? 90% of the population only even has around 1.2m in assets(not gains) total. Not per year...just total. The second it starts impacting anyone in the 90% tile people from all sides will freak the fuck out. Why wouldn't the next step to be to tax loans taken against assets over a certain $ amount?

ACShreds

>High taxes have a direct effect on spending and borrowing behaviors of individuals as well as BUSINESSES. Did you even read the article?? This is about CAPITAL GAINS TAX. Not income tax or tax on businesses. It will affect super rich individuals when they sell their assets, sure. Now explain how that will "make us stay poor, sponsored by Biden 🤡" I'll wait. The post is indirectly related to crypto at best, which is probably why it was removed. How can anyone with a rational mind actually believe this garbage? That's what I can't understand. It's willful ignorance and you need to be better.

7inky

LP is like a see saw that tries to balance itself. When one side gets heavier or lighter, the other side gets converted to the other to balance out. Total doesn't change if the other half is a stable coin. IL is the GAINS you missed out by not keeping the ETH as ETH. When in LP it gets converted to LP tokens.

Rotchknow

Good Day Everyone! 5 am here in Iceland. Hoping you guys a Sunday full of GAINS! Manifesting Moons @ $10 each.

jthizz77

BULL RUN BACK ON !!! BIG GAINS INCOMING good job bros

gerassmeg

here in Greece crypto is taxed like normal investments still, so you declare starting amount of money invested, amount of money withdrawn if so and then pay 15% on the GAINS ...not low but not crazy high / complicated

ysus76

I'm pondering it. I'm not in the green per se, but I could consolidate my wallet now that I know which coins I want to stick on. Easier said than done of course: the dream of at least recouping all my losses is stronger than ever, and sometimes I even let myself wander into the sordid wet dream of... GAINS! It's a hard life.

urug99

Right, legal tender is different than a business/vendor agreeing to take USD. Very different indeed lol. I can't speak as to whether or not people in India will accept USD even if it's not legal tender, but again even if 100% of businesses in India do, that doesn't mean shit for the other countries. Fact is, you might be able to get by in some countries with USD, others you will need to convert it (which is usually pretty easy but point stands). I don't get why gains tax eludes you. IF YOU GET PAID BY AN EMPLOYER IN BITCOIN, YOU DON'T PAY GAINS TAXES (unless there are gains! duh lol). So you are right you don't pay gains tax when you get paid in USD, because there are no gains lol. No gains = no gains tax If I gave you $100 as payment, you have to pay taxes on $100. If I gave you $100 worth of bitcoin, you also pay taxes on $100. If you're bitcoin stays at or below the value it was when I payed you, you don't pay gains taxes (cuz it lost value). BUT if your $100 of bitcoins turns into $1,000,000, then you got to pay taxes on that cuz you gained money. Gains taxes is paid on GAINS. This is very simple.

eucalyptushoney007

Legal tender vs a business/vendor agreeing to take your cold hard usd cash is very different. I don’t know many countries that turn down usd legal tender or not. Yeah you should convert to local currency but your life will not be harder walking around India with usd.. Over 60% of businesses in India invoice in USD. THERE IS NO CAPITAL GAINS TAX WHEN YOU GET PAID BY AN EMPLOYER WITH LOCAL CURRENCY. IF YOU GET PAID BY EMPLOYER IN BITCOIN THERES CAPITAL GAINS. PERIOD.

Incredibly_Based

GAINS my friend, we only care about GAINS here in CC

SpaceFaceMistake

I believe it was destroyed when $doge hit its ATL or that area and then $shib followed but people believe still that they will Boom. And THEY HAVE MERIT if they BURN ENOUGH then it is possible but they need to burn A TOKENS. SO THE DEVS WONT BURN THEM ALL. Not at the current PRICE. They are a MEME COINS WORTHLESS ONLY TO THE OWNER AND THE POPULS THAT USE THEM OR ACCEPT AS PAYMENT ETC WHATS THEIR POINT OTHER THAN THE LUVKY FACT THEY MADE THE MOST GAINS ON THE MARKET EVER TO HAVE BEEN KNOWN. Seriously what’s their point?

SpaceFaceMistake

They will keep going fine if only they didn’t remove bitcoin.. it will hit $100k and they will be the FIRST COUNTRY TO MISS READ THE MAREKT WHILE OTHER COUNTRIES MAKE MUCH GAINS AND $BTC GETS MUCH FAME!

JERMYNC

Yes Please. No more pain, just GAINS!

Gen_X15

Fuck yeah got my 100m Bonks 😎 it’s early alt season baby. Got some sol bags as well. Fuck the fud. GAINS!

bookworm010101

You cherry picked all tech flip to energy, oil, and infrastructer 10-150% GAINS

RandallBoggs_12

Well yeah, they said they are taxing GAINS which means they expect people to profit off of crypto. Doesn't 100% mean crypto will go up, but it does mean that Italy is expecting it to at least not become irrelevant, otherwise they wouldn't bother with this tax And yeah tax does suck but crypto is not too different from trading stocks so it is fair in that sense.

Jumpman707

That means no taxes for me. Not Italian and NO GAINS.