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45 sats \ 3 replies \ @0xIlmari 17 Jan \ on: Capital gains tax rates across countries crypto
Capital gains tax is one of the most immoral, hypocritical taxes ever invented. They print money, inflating the nominal value of your assets like stocks or pension funds and then have the audacity to tax that "increase" even if the purchasing value has actually decreased.
How about you just use Bitcoin peer to peer like intended and the government can fuck right off?
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0 sats \ 1 reply \ @cryotosensei OP 18 Jan
What’s your go-to P2P service?
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21 sats \ 0 replies \ @0xIlmari 18 Jan
I don't mean a "service". Converting bitcoin to fiat to pay for stuff is still backwards.
Do instead what Darth has been preaching for years. Convince your favorite merchants, barbers, your landlord to accept bitcoin for their products and services. Have someone pay a bill for you and give him bitcoin.
That's a bitcoin standard.
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0 sats \ 0 replies \ @Beeteesea 15 Feb freebie
May I intruduce you to net wealth tax? You work hard, get taxed, invest, watch your wealth degrade due to inflation, get capital gains tax on your gains, and on top of that net wealth tax.