/biz/ - Business & Finance

>>26258646
and if it crashes you will have debt

>>26258646
No fucking way lmao they can't be serious.

>>26258646
We need a new one of these more than ever.

>>26258646
>land of the free

>using CEXs
lmao how would they even know about my coins?

>>26258646
WHAT?

>>26258764
Not even coins. It's for everything.

>>26258764
>using public chains
You aren’t hiding your activity and you and I both know it anon

>>26258646
That has to be a fucking joke. That policy will literally fuck the market. Panic selling and fomo will be through the roof. Traders are to spend 20 hours at their computers trying to perfectly time the market so they don't end up with a tax bill larger than their actual gains. I hope I'm getting trolled. What a stupid bitch

>>26258716
yeah, maybe one with a real gas chamber in it and a real oven

>pay taxes on capital you earn via work
>take risk with said capital
>government deserves 40% of your gains
>government responsible for 0% of your down side risk
>now wants to just take money because whatever I'm a neolibshit boomer.
>Tax Bezos nothing
>Bat out of hell towards basement autists trying not to be poor

Rubic solves this problem.

>>26258646
This is how the futures market works right now and yet people still manage to make money there.

>>26258646
Rubic.exchange is implementing a tornadocash style obfuscator, so why should stinky yellen have to know about any of your gains?

>>26258772
>YOU VILL EAT ZE BUGZ STUPID GOY
>YOU VILL PAY ZE TAXES EVEN VIZOUT CASHING OUT
>VE VILL TAX YOU FOR HOLDING ZE CASH
>VE VILL DO ZIS UND VE VILL KEEP GETTING AVAY VITH IT HAHAHAHA

>>26258646
also, here's a question, how the fuck is this semite going to know what I have in crypto?

might be time to move to monero boys

its ogre

>>26258646

>Make it
>Don't sell
>Move out of the country

Fuck you you fucking boomers. You're not getting shit.

Bullish for PMs and XMR

>>26259037
>Don't sell
Anon you aren’t getting it

What's done is done, it feels so bad,
What once was high is now sad
I never believed the Fud
Now my world is ending.
I wish that i could turn back time,
'Cause now the BTC is trash
Can't live without the trust from those who told me to Hodl
I know we can't forget the past,
You can't forget those who fooled you into this hodl
Because of that, it's killing me inside.
It all returns to nothing,
It all comes tumbling down, Janet, Fellen, Yellen bringing it all down
It all returns to nothing,

DAY OF THE ROPE
DAY OF THE ROPE

>>26258646
LOL - No way can that be serious. That would fuck (((them))) as well.

>>26259076
Yeah I misread it. Man that is bullshit. Go fuck yourself lady

>>26258842
>Panic selling and fomo will be through the roof
So you're saying goys will lose their money?

>>26258917
Just move out of the nation. If the US is going to tax you on unrealized gains there is literally 0 reason to keep your citizenship

>>26259037
>Don't sell
That's the problem. This stupid bitch wants to tax you on gains you haven't even converted to fiat yet

LAND OF THE F---RRREEEEEEEEEEEEE

>>26258646
RIP the boomers whos houses have appreciated

>>26259165
No, they're going to be frantically trying to time teh market to not pay extra tax on gains that they didn't convert to cash. Eventually, depending on the tax rate, a lot of people will stop investing. This policy is going to be terrible for the economy

Hahahaha

it's so retarded it won't happen

>>26258729
more like land of the fee

I hate this country more than anything. Literally gorilla exhibit ruled by crusty jews and enforced by shaved goyim with calcified pineal gland

>>26258646
What do you expect, this bitch married Akerlof.

THIS BITCH IS GOING TO BE ASSASSINATED IRL NOT IN MINECRAFT FUCK YOU FEDS

>>26259412
>calcified pineal gland
is that to imply they don't have a soul?

>>26258646
i fucking hate kikes

>>26258646
you mean americans will stay poor

>>26258868
In fairness Bezos has actually contributed to society. No-one cares about penalising a bunch of neets gambling on shitcoins.

>>26258646
Okay what country can I move to

>Act big!
>prints trillions
>assets inflate
>take assets at gunpoint
You don’t even have to participate anymore, guys! Give me your house. It’s a pandemic.

>>26258842
>>26259296
It's a tax on investing, which is crazy.

>>26258646
Day of the pillow can’t come soon enough

>>26258646
Hey at least the neets here will get a bigger unemployment check right? BIDEN 2024

this doesn't make sense

>>26258646
These sluts need to make sure they only tax people that have more money than whatever I have

>>26259315
this. the economy is already in shambles, killing investments this way would be the nail in the coffin for it

Think about how utopic this country would be without the black voter polluting our politics for the past 70 years

>>26259724
gr8 b8 m8

>>26258646
Anyone who voted for Biden deserves this.

>>26258842
She looks like a dumb enough woman to actually make it happen. Plus in a biden administration trying to get all that commie/ socialist support it sounds feasible.

>>26259873
How do we fight back

is she retarded? is she legitimately retarded? what the fuck? how would this even work? WHAT THE FUCK?

>HE DIDN'T SELL
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

>>26258646
I'm from EU. I will just move my funds from US to Ireland based ETFs. Problem solved. Enjoy your liberty UScucks

>>26260111
it's almost like they want to 'reset' the economy. maybe to utter in a new, totalitarian for of gov where they control everyone and everything. hmmm, really makes you think.

>>26258646
>Would consider the possibility
Until someone way smarter and more qualified than her (ie, any economist anywhere) tells her this is buttfuck retarded and will cripple the US markets relative to the rest of the world. Not to mention all the billionaires/millionaires who will leave the country en masse

>>26260185
Hyperzcashization? DECO? Mixicles? ARI WE KNOW YOU’RE HERE LETS GO

>he didn't sell
Golden bull run cancelled
Get back to the cagie

>>26258646
>>26258646
>>26258646
>>26258646
Good for buttcoin

>>26258646
I demand that bitch gets investigated right fucking now! She definetelly lost billions in the 2017/2018 crash and has a stick in her ass over it! Get the fucking guillotines!

if such a thing is passed it'll only be for the super wealthy people (8 figs+) anyway.

>>26258646
if this passes im out
already fucking annoying enoug i cant trade on all the good exchanges because of this shit country

the stock boomers wouldn't allow this, right?

>>26258646
"Euros gets taxed to poor" Muricans enjoy your turn to try how well communism work

>>26259724
What the fuck am I suppose to do starve? There are no other job opportunities. In stem and I’ve struggled with employment. Society doesn’t want me because I’m a fucking white male you fucking retard

>>26260458
Absolutely not. She would be found in a hotel room with 2 bullets in the back of her head and it would be labelled a "suicide". She's playing a very dangerous game here

If you’ve got enough money to buy imaginary internet tokens, you’ve got enough money to pay for Jamal’s son’s Jordans.

>>26260458
heh they have control and plan on keeping it

i can't believe how retarded most of you are. she's not talking about cryptos, she's talking about the ongoing joke that is the normal stock market. the worst crypto shit is nothing compared to the insane profits on wallstreet

>>26258646
>Woman

All my stocks are in retirement accounts and all my other investments are in crypto washing my coinbase withdraws through unverified Kucoin and Binance accounts I unironically hope this passes.

>>26258646
LMAO what the fuck is wrong with this jewess? She hasn't even entered office yet, but she's already got plans and burning desire to fuck up the market. I feel sorry for you poor burgers who haven't made it.

The richest shareholders in the US stumped for Biden. I doubt his admin is going to do anything to injure them significantly.

Crony capitalist Democrats like to pick on the upper middle class, not the super rich.

6 million wasn't enough apparently.

>>26260663
I unironically hope you die in a fire

>>26260693
6 million never happened.
History is written by the victors and the kikes were the winners of the 20th century.

>>26258646
Kek time to pay taxes hodlers.

>>26260677
Ok...so how does that help us? Although it may seem like it, biz isn’t populated with corporate executives.

> tax you on unrealized gains
What does this mean, you invest and lost money yet still pay taxes on it?

What's an unrealized gain?

>>26258646
And then one day, for no reason at all, people voted hitler into power

>>26260831

Didn't say it was, just making an observation.

>>26260663
You retard if you’ve ever had a Coinbase account they can see how much you bought and go after you.
>muh boating accident
Yeah, let’s see how that holds up in court

>>26259163
aren't people supposed to be able to use btc to do something about this, in minecraft?

Will this crash the markets or not tho? Gotta say being a leaf feels mildly confy atm.

>>26258646
They already do that for commodities anyway

>>26259377
Land of the (((fleas)))

>>26260458
They would, you want to know why? They will have tax breaks, tax exemptions, or they already know HOW to game the system.

>>26260938
Explain

>>26258646
No reason not to leave and renounce citizenship then.

>>26260861
if your asset appreciated in value, you get taxed

FUD

https://cnsnews.com/index.php/article/national/susan-jones/yellen-focus-now-not-tax-increases

>>26260693
6 mil is just a meme number they slap on everything (like 33, 666, etc.)

Thread theme:
https://youtu.be/ckVYO9oI8vc

>>26259724
>No-one cares about penalising a bunch of neets

That's exactly what it is. Can't have the goys escaping wage slavery.

>>26260883
If they can't prove shit and are just speculating you act polite and throw them some bread crumbs and they're happy. Plus if I ever cash out I pay taxes instantly so there's no reason for them to come after me.

>>26260310
>this is buttfuck retarded and will cripple the US markets relative to the rest of the world

I mean, it honestly seems like this is their goal. They hate America.

>>26260674
In all seriousness, I've got two simple questions regarding her plan to tax the unrealized capital gain.

>WHY?
There are definitely many other fiscal and monetary regulations that she can use to ease the economic burden. Why choose taxing on UNREALIZED capital gain? Why did she go with this one?

>HOW?
How would this regulation help the economy? In what way? If passed, this would only disincentivize investors to put their money into the market, reducing the capital needed by companies to survive and/or to expand. GDP will shrink. My smoothbrain can't understand how her plan would help the already fucked economy.

Anyone care to explain?

>>26260861
You buy shitcoin 1, it moons, but you're a retard and HODL. It crashes, but you could've still sold the top. The state taxes you based on the top, not based on what you did.

>>26261061
From your article it sounds like she DOES want to tax unrealized gains and is dodging the yes/no question.

>>26260948
This. And everything that’s a weak nothing position is a nigger appointee. Lmao it’s so transparent.

>>26258646
>An unrealized gain is a potential profit that exists on paper, resulting from an investment. It is an increase in the value of an asset that has yet to be sold for cash, such as a stock position that has increased in value but still remains open.

This is Enron levels of shananagins.

this only matters for people who were literally planning to commit fraud, or move to Singapore/Portugal to cash out

>>26261352
IST ES SIMPLE VE VILL REZET ZE ECONOMY AND YOU VILL DEPEND ON US FOR DAS BUGS AND UBI

>>26258646
>110 countries

I'm going to destroy and break and kill anything and anyone who goes after my unbraided gains. Those hours and dreams are MINE

>>26259724
bezos was a wallstreet guy before amazon you know

good thing im all in on monero

>>26261470
Exactly
Dodging all the way.
Fucking wimp the dude didn't press her father

>taxed for buying
>taxed for holding
>taxed for selling

>>26261470
That's absolutely retarded and will cause a market crash every December.

Also, it's yearly now, but that is a very temporary extra gain for the treasury.
When they're short of money again they'll want it quarterly, and at some point they'll just directly connect your tickers to your bank account, emptying out 'their' share as the prices go up.
They'll call it 'Real Time Taxation'.

>>26260335
god I hate this mushroom so much

>>26261803
>MINT THE COIN
MMT wins again, now gibs.

>>26258646
If this cunt does this, I will give up my citizenship and move, and I probably wouldn't be the only one. This shit is just too fucked up. It's SOOOO fucking obvious at this point that the goal is to destroy the west and drive capital to the east. These people need to hang for treason.

>>26258646
Based. Poor people need to learn their place.

>>26258646
what am I even fucking doing anymore then?

>>26258846

>>26261354
>DIDN’T TIME YOUR TRADE RIGHT WHILE SLAVING FOR SHEKELBERG?
>TOO BAD GOY SHOULDN’T HAVE TRIED TO ESCAPE NOW PAY UP
LMAO

>>26259911
What are you implying? That it's 'just another reasonable tax'? It's not. This punishes you for income you didn't technically receive. So you have to pay the government for something you the citizen didn't even benefit from.

>>26258646
Wouldn't it be nice if this woman had a stroke and was paralyzed from the neck down? Maybe she'll crash her car into a ditch. One can only pray. Fucking old cunt.

>>26258716
Dont forget the pool and the theatre

>>26262081
Yeah I know, it's a tax on investing which is crazy. If you pay for something for your business that is tax deductible for a reason. Same for stocks.

With everything they’ve been pushing the last year it’s like they’re begging to have a purge/Holocaust. They really think they are God. I wonder if the people are just gonna continue to sit back and take it.

>>26258870
how?

Typical Jew

>>26262206
Yes it's retarded. I wouldn't be surprised if the government loses income after this policy is implemented, because people will simply stop investing and the ones that don't will become so precise at timing the market that eventually the profit margins will not be worth the effort

>>26261354
>It crashes, but you could've still sold the top. The state taxes you based on the top,
That's fucking brutal.

This is the kind of shit that would get me acting up, man. Fuck these Jews, I just wanted to vibe and make it.

You can't tax me three times on something. Not without me doing something about it.

Why can't they just make dividends taxable as income instead of introducing taxes for unrealized gains that would fuck the middle class.

>>26262393
I think the mindset is along the lines that the government wants a commission on the trades you make, especially since commission free trading is now a thing and they can't indirectly tax it anymore.

>>26258646
Bro what are we gonna do about the Jews?

>>26260269
they started that back in 9/11

>>26261352
To disincentivize investing in the stock market, crypto, etc.
To use stimmies as intended, to pay for shit like rent, food, etc. circulating in the real economy rather than the stock markets
To reduce the power held by said companies (less capital) and giving it to the people (muh gibs).

USA becoming more commie than China. KEK. Past Presidents rolling in their graves right now.

>>26262408
THEY WILL TAX YOU AND YOU WILL ACCEPT IT LIKE A GOOD LITTLE BOY NOW SHUT THE FUCK UP AND EAT THIS CENTIPEDE

>>26260158
Can't tax software bugs :^)

>>26258646
Doesn't that mean that Musk and Bezos will have to sell chunks of their companies every year to pay taxes?
That's retarded

>>26262534

China is Americanizing, America is Chinifying, and it's showing in the results

>>26258646
Think I’d rather go ahead and not pay my taxes then go move to Iran instead

>>26260113
>black voter
you mean the woman voter

That's stupid and can't be implemented. She's probably stupid as shit and doesn't even know what she's talking about.

>>26258646
>taxing unrealized capital gains
Evil way to keep people poor.

>>26261352
>How would this regulation help the economy?
stupid goy, you don't trust the government? go back to waging.

honestly if you seriously think these people are working in your best interests you should just kill yourself.

>>26262635
>>26260113
You both mean )зшs

>>26262567
Nope, they can avoid it with their team of lawyer and off shore bank accounts. This tax is strictly on the middle class.

>>26261352
Taxes are used to control inflation, just like interest rates.

So they want to tax unrealized gains, but I can only deduct $3,000 of my capital losses per year? This is the biggest bullshit imaginable

>>26258646
What's the likelihood of this passing?
Will people seriously be okay with getting taxed on gains that aren't even realized?

>>26261549
kys kike

>>26258910
Laughed for solid 10 mins thanks anon

>>26258646
read into it, if it ever rolled out it might be like in some European countries that im forgetting the name of, where you can either pay a flat capital gains tax when you cash out thats like 30%, or you pay something like 0.5% annually.
on top of that, this apparent tax would apply to people making more than $1M in income or that hold more than $10M in assets
it honestly wont even pass regardless and is pretty much a DoA proposal

>>26262081
>>26262206
I'm in favour of progressive taxation, but I'm not in favour of taxing unrealised gains. Unrealised gains aren't gains! A better alternative IMO is the sort of system they have in some European countries, where you declare your net financial worth each year and get taxed like 1% of it. A good add-on to this is to exclude equity in the-home-that-you-live-in but to allow mortgage debt as a write-off.

>yfw when the US will be worse than 3rd world countries in a matter of 2 years.

>>26261549
Nobody is buying your shit anymore you filthy kike.

>>26261851
Bugs - eat them
Pod - live in it
UBI - accept it
Vax - take it

>>26258646
>taxing unrealized capital gains

>>26262188
oy gevalt! all those poor jew boys dying from forced semen milking in the porn theatres!

>>26262556
>556
CHECKED REEEEEE I'M GRABBIN MY RIFLE FUCK YOU FUCK YOU FUCK YOU IT'S ALREADY BAD ENOUGH I LIVE IN SEATTLE AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH

>>26262567
>Thinking the 0.01% pay taxes ever

>>26258646
Well, you voted for this. You and your niggers.

t. not am*rican

>>26258716
Temporary detainment camps? We still have plenty of those, kek. Contemporary ones don't have wooden doors, though.

>boomers have it easiest out of any human beings in the existence of all of humanity
>still pull the ladder up on the way out and vacuum up the crumbs so they can take them to the grave
the current setup feels seriously like being stuck between a rock and a hard place and eventually something has to fucking give

>>26258646
buy bitcoin you fools!

>>26258842
It's pretty normal in other countries (and fucking shit). NL taxes anything over €30k (crypto, stocks, a 2nd home) at 2.8%. It's called a wealth tax.

>>26263146
It's called theft.

>>26258646
https://www.cnbc.com/2019/04/03/what-the-wyden-proposed-tax-on-unrealized-capital-gains-may-mean-for-you.html

>>26258646
I see /biz/anons are starting to feel the salience of /pol/.

>>26263146
KEK - So your investments have to grow by more than 2.8% + inflation just to break even.

Nice.

>>26263158
I left the country 2 weeks ago to set up a business abroad. Taxes are disgusting.

>>26263158
agreed, but the process of a small amount of people accumulating wealth while everyone else losing it is irreversible otherwise.

it's where you draw the line is the main thing.
i would draw much higher than $30k. tax the billionaires! oh wait you can't they would jump country under 5 minutes...

>>26263069
I was just kidding, if you want to fight the system just vote with your wallet idiot. Keep buying crypto and escape, killing randoms in minecraft doesn’t help anyone

>>26258868
Maybe we need a monero

>>26259911
>if you work, you're taxed
>if you save money, you're taxed
>if you buy food or medicine, you're taxed
>if you buy a property or vehicle, you're taxed
>if you go to the hospital, you're taxed
We're here.
>if you invest, you're taxed
>if you live, you're taxed
>if you die without the government's permission, you're taxed

>>26258646
>Oh look, we're shitting the bed like it's a competitive sport, but hey ORANGE MAN GONE

>>26258675
If this is implemented, no reason to think you can't take unrealized losses as well, since you get taxed on realized gains and losses.

And if that's not the case, sell and rebuy on Dec 31. You should do that for anything you're losing on anyways, to get losses at income tax rates and gains at capital gains rates.

>>26263249
AND THE NEW 50-60% CAPITAL GAINS TAX RATE HOLY FUCK YOU HAVE TO MAKE LIKE 70%+ TO MAKE 5% IF YOU’RE LUCKY AAAAAAAHHHHHHHHHHHHHHH FUUUUUCCCCKKKKKKK MEEEEE

DIDN'T THE JEWS START ALL THIS SHIT
TAXES ETC?
CAN WE FUNDAMENTALLY BLAME ALL JEWS FOR THIS FINANCIAL HELL WE LIVE IN

>>26262905
>>26262813
The whole "net worth on December 31st" doesn't make much sense though. With crypto your worth could be a million dollars in December and $600,000 in January.

In hindsight, Mnuchin wasn't so bad. He was actually pretty fair about things.

>>26258870
kek

>>26262580
>china is americanizing
no they're not, that's the dumbest shit i've heard you fucking chink shill

>>26263266
Wealth isn't zero-sum, we would still be living in a feudal countryside otherwise. However, the only reason we're not, is because our debt-based economies allowed for amssive amounts of wealth to be created out of thin air, and when those bubbles pop it's not pretty. Point is, any business owner can create wealth because people create wealth, not businesses.

>>26263318
>if your country has blacks, your taxed
>if oyur country has rich people, your taxed
>if you transfer wealth, your taxed

>>26258646
I just don't get your tax systems, mericans...
Here, I inject money into broker, do what ever I want for years and I can make trillions, billions or loose everything, I pay 15% tax once I exit with some cash. 0 if there is nothing to exit with. There is even 0 tax upon exiting on some shares or obligations, no matter how much you have made.
Does wall street have no power to un-tax themselves? OR is it a system where they are allowed to do what ever they want, no matter how dirty it is, as long as they pay that tax?

>>26258646
it wont work. this is why she said she would consider.... she will consider it.... and the true people in charge of the markets and economy will decline her suggestion and try to educate her on why it is stupid. all this does is show how incompetant she is at economics and how she is in a position that she clearly isnt educated enough for.

>>26263209

>>26263617
>Does wall street have no power to un-tax themselves?
Kinda. There's plenty of loopholes that the super rich can use, or pay people to find for them, that are out of reach for your average investor.

>>26260611
it's going to apply to crypto too you fucking retard. it fucking affects us, obviously more than your pocket change portfolio

>>26263617
>I just don't get your tax systems, mericans...
it's because America has so many tribes of people that it needs to appease: rich people, poor people, black people, brown people, middle class, etc that we needed to create some crazy fucking tax code in order to accommodate everyone. Multiculti sucks

>>26263146
>NL taxes anything over €30k
It has been upped to 50.000 EUR this year. Also all debts (except for mortgages) are deductible and help to keep your tax free capital down.

I have about 70k EUR student debt for example, and about 100k EUR in crypto/stocks/cash.

>100k - 70k = 30k
So I won't have to pay any box 3 (wealth tax) yet.

Also, I didn't know this, but apparently box 3 has 3 "schijven" as well. See pic related. First 72.8k is taxed at 1.789%, up to a million is taxed at 4.185% and over a million at 5.28%. That is quite fucking steep once you are making some money. How are you supposed to beat inflation AND this tax if you are sitting above 1M EUR?

>>26263464
Jews started usury, governments have been taxing their subjects since agrarian times

>>26263397
There's no way they get 50%+ capital gains taxes through. 90% of congress and all of the senate are millionaires who make bank off insider trading, why would they raise their own taxes like that?

They can promise whatever they want to get elected, but Pelosi, Schumer and Biden are all very wealthy and have no incentive to significantly raise capital gains taxes. And when they don't, they can blame the GOP, and the (also very wealthy) media moguls will run with it, so it's win-win.

>>26263728
crypto is too volatile and the system could never be implemented without allowing unlimited carryover losses going forward, and they're simply not going to do that. cryptos are a drop in the bucket still at this point, it will be years until they can change the tax strategy

>>26259524
NPC's

>>26263763
>How are you supposed to beat inflation
You aren't. Cantillon insiders will take your things.

>>26258646
These fucking kikes. I'm looking more and more into movies out of the banana republic known as jewnited states. There is no stopping these worms from feeding on the meager scraps left on the corpse of this country

>>26259724
yeah honestly look what amazon has contributed, like 500,000 jobs or something insane like that, think about how much tax dollars that is

>>26258846
No masturbating machines and laser beams this time

>>26263694
Pardon my ignorance, but wouldn't congress have to vote to pass something like this? Which doesn't seem like it would happen, even if it's dem majority. You still have quite a bit of conservative dems that wouldn't allow this.

>>26263807
>And when they don't, they can blame the GOP
And the funny thing is the GOP won't even mind. Everyone looks like the "good guys" to their respective fanbase, and the wheels keep on turning

>>26263763
Is real estate exempt from these wealth tax rates? It would explain the property prices in the netherlands I guess.

>>26263728
its not going to apply to anyone... for one, its america... most of us arnt even america so it doesnt effect us at all... and for another, her words were not what she is going to do, they are clearly suggestions... and america has a long line such suggestions need to go through for approval.... and obviously most if not all people it has to go through would reject her suggestion, in some kind way.... but if they as being more honest theyd brutally reject it and tell her to fuck off and educate herself and probably sigh and mutter something about lefties being incompetant at economics.... come on, you dont get free reign to change economy whatever position you hold. it has to go through lots of other positions and people and if america has anyone decent at economics theyd just reject her suggestion off the bat and move on as if she hadnt even suggested it

>>26258842
Welcome to the america the leftists chose for you.

>>26263318
>if you die without the government's permission, you're taxed
We are already here though, except even if we die with permission we're taxed. Its called inheritance tax.

>>26263362
holy based thats good advice. thanks bro

>>26263318
>if you die without the government's permission, you're taxed
They already do that. It's called "Inheritance tax"

>>26258716
Yes, but this time. Don't do pic related

>>26263847
I was seriously thinking of joining the /pol/ colony/conquest, if they ever get their shit together.
I'm pretty sure just 100 of us could take over iceland

>>26263794
Taxation has been around for millennia. Governments have gotten real fucking comfortable with raising that shit again and again though. Look at this, how is this sustainable? It's ridiculous to see how bloated shit got in just 150 years.

>>26258986
BEST FUCKING OPTION!

>>26258646
It's literally impossible to manage this, won't happen

>>26263910
This guy gets it. It's not about doing anything substantial, it's about PR, making money, and keeping power.

>>26263893
100% exactly.... anything you do has to pass through many people... and i dont think even other dems would allow this either.... remember, despite being lefties and the lefty npcs would love this, most lefty politicians are millionaires themselves and they dont want to back self harming economic ideas that will target their own way of life. plus anyone with sense would obviously point out to her that she is stupid and this would kill any investment america gets and thus turn america into a third world country due to investors leaving to invest in the eu or whatever instead.

>>26263913
Only the house you live in. All other real estate is seen as revenue generating wealth and is taxed per the image I posted, I believe.

>>26263847
America was always meant to be capitalism's bitch. Initially only for for the white man, someone figured out that the Cash Cow likes all colors of feed, and more feed means a fatter cow, which can work for everyone. Unfortunately, cows have lifespans, and some feeds are healthier than others. Stop thinking of countries in the nation-state sense, as very few of those still exist, and start thinking of them as post-national economic zones, aka cash cows

>>26258885
Aren't futures margins extremely thin though? You have to trade in increments of 10,000+ to make anything decent, compared to just buying 10 shares and letting it 2x on its own with little-to-no effort.

>>26264083
So do the ricchies have some loops they can abuse? Can they just become residents of Belgium or Luxembourg or something.

>>26258646
YOU WILL OWN NOTHING
YOU WILL EAT THE BUGS
DRINK THE COCKROACH MILK
LIVE IN THE POD
BE ENSLAVED TO DEBT
BE DILUTED AND GENETICALLY ENGINEERED INTO A SUBHUMAN-SPECIES
HAVE NO PRIVACY
AND BE HAPPY!

>>26264064
no, it's not
in Sweden we already have something similar and the tax you pay is tied to interest rates
pretty much everyone is using it right now since interest rates are so low

>>26259724
>>26263878
Bootlickers

>>26263362
i think if you sell to take realized losses you cant rebuy for at least 30 days or it doesnt count or something

>>26263847
You'd have to resign your citizenship, not just move.

>>26264165
>Can they just become residents of Belgium or Luxembourg or something.
This is done a lot. I know my grandfather also bought and registered his luxury car in France, but drives it in the Netherlands. This way you don't pay Dutch road tax which is very expensive.

>>26258646
>>26258675
>>26258709
>>26258716
>>26258729
>>26258764
>>26258772
>>26258793
>>26258814
>>26258842
>>26263146
>>26258846
>>26258868
>>26258870
>>26258885
>>26258900
>>26258910
>>26258917
>>26258983
>>26258986
>>26259053
>>26259076
>>26259107
>>26259125
>>26259163
>>26259165
>>26259166
>>26259191
>>26259220
YOU WILL OWN NOTHING

>>26262235
>I wonder if the people are just gonna continue to sit back and take it
they'll put up some half assed resistance that will be crushed and the government will use that as an excuse to take guns and privacy away

>>26263893
Any wild idea can be sold to them and us ultimately though. That's a downside to utilitarian works-don't work principle-free politics. One nicely funded ad campaign that shifts focus from the wildness of the idea to something like "it'll fund latino schools" and "we must not be racist and we must fund latino schools by castrating gamblers," this kind of thing could sway voters who keep them in their jobs. Not sure this is a serious proposal though and maybe it's made up I didn't look or maybe Jan being cheeky and if it is real probably big name hot shots gonna chimp and would counter this hypothetical latino schools ad campaign with their own slick little numbers.

>>26264232
Only for securities, not assets, which are what Crypto are considered. "Wash Rule" explicitly states its limited to securities. So for crypto, you should be selling day 364 of ownership (not actually Dec 31, it's year of holding) for any losing coins.

>>26264069
I can't even wrap my head around how something like this could even be implemented. So any unrealized gain, no matter how minuscule it might be, will end up being taxed? That seems like the majority of investors would end up bankrupt within days and would completely destroy the businesses people are investing in.

>>26261352
>Why choose taxing on UNREALIZED capital gain?
if you've been asleep the past few years, then you would have missed the fact that the stock market is at an all time high while the real economy is a single push away from complete collapse. wallstreet has just been printing gains with reckless abandon and this is a way to tax them. if you don't drive a Ferrari, then this tax plan won't affect you

Hello fellow americans

i believe to save economy of the usa, we must also tax every american dorrar in the world, especially ones owened by stinky foreigners

best regards, John

>>26263362
>>26263950
>>26264232
no, I think they will go with the Swedish model
the US has a long history of copying Sweden when it comes to these things
keep in mind that Sweden has the oldest central bank in the world and is often the testing ground for strange shit
>How is the Standardised ISK Tax calculated?
>"Tax is calculated annually based on each quarter in the month. At each quarter, the value of the assets, deposits and transfers of securities will be added up and then multiplied by the government loan rate (for the previous year) plus one percentage point. That value will then be taxed at 30%."

>>26261692
you bought it with kyc so you're still fucked

>>26264374
Even if they were to spin it in such a way, I still don't see congress allowing it.

>>26261560
kek!
ffs those bastards are creepy as fuck

>>26263819
save it for the judge, smallfry. capital gains laws apply to crypto and stocks equally

>>26258646
at this point it should be clear to even the dimwitted present that taxes do not serve to pay for the budget
they only serve to keep the peasants in their place and prevent all too much social climbing

a i have said here before they will fuck you out of your houses, cause guess were the biggest untaxed gains are waiting

>>26258646
will never happen, this will fuck over boomer retirees, they shut down the world economy to placate boomers, no fucking way they do this

>>26264432
Bingo, these people don't care.
The US has lately become a testing ground for the NWO.
They try to fiddle their way through with such silly things just to see how much the populace will take.
The US is long dead and these people are trying to deconstruct the last parts of it.

>>26264581
you should really look at all the existing IRS documentation and guidance on crypto valuation. it's obvious you've never actually thought about it.

>>26261157
kek
https://www.youtube.com/watch?v=l0zaebtU-CA

>>26258646
If this happened, I will go do that occupy wall street shit but occupy the federal reserve.
Me being a retard and yelling at them from a tent in front of their building may not make any real difference, but at least I'd annoy the fuck out of them.

>>26264911
Those digits.

>>26264432
And if people refuse to pay all their assets would be frozen and they would be put in jail. If you renounce your citizenship, you’d still be subjected to an exit tax on all your assets, and you would be extradited back to the US from most nations on the planet if you refused to pay that too, and then you’d still end up in jail.
The US is a prison.

IRS agents and most government workers will be hunted down and murdered in the streets if this passes.

>>26261157
https://www.youtube.com/watch?v=aOSGgfmtDR8

>>26264314
>Dutch road tax which is very expensive
holy fuck this is starting to sound like a bad joke already. some sort of orwellian novel or something

>>26258716
Soon brother

>>26265133
Yes, the next step is to get people out of their cars.
Electric or not, the plan is that only the rich will be able to drive.

>>26258646
>taxation without representation = ?

>>26265238
https://www.youtube.com/watch?v=FAvQSkK8Z8U

>>26264574
I can see just about anything sneaking through though, especially now that you have a pretty good growing chunk of plebeians benefiting from financial frameworks traditionally used only by landed wealthy peoples and experts. True conservatives would seek to temper shifts in financial power moving socially downward. Maybe this is all just schizo pessimism though and I also am talking out of my ass right now.

>>26258646
For once I'm glad to live in Germany. Converted most of my LINK to BTC at the peak of 160k sats back in August, took them off the exchange, wallet and seed phrase backed up in a safety deposit box. After August 2021 I can cash them all out completely TAX FREE, just in time for the late 2021 bullrun peak somewhere between 100-300k per BTC, and leave this godforsaken shithole and live off my investments.

>>26264672
capital gains laws apply to crypto. im not doing your easter egg hunt.

Does it apply to EU fags?

>making unpopular decision when there is growing evidence you only got in via electoral fraud

Do left wing retards and the elite really have this much hubris?

Invest in Guillotines and Rope

>>26258646
The bitch is a fucking retard. Stays away from my capital gains!

>>26258716
you should check these places out. very moving, and direct exposure to places where such pain and sadness happened tends to change your outlook for the better.

>>26265601
Yes

>>26265659
the auschwitz camp is a recreation that is not on the same spot.

>>26258646
>female economist

>>26258646
Bro’s wtf! We will need to do something sign a petition! This will rek the economy further.

>>26258675
you already are in debt

>>26265659
It certainly makes me sad how fictional it all is.
Imagine how good the world would be if 6 million jews actually were exterminated.

>>26265895
It really would, but no responsible person would allow this crazed lady to enact this policy.

>>26264540
>living in sweden
It's basically an anual wealth tax of 0.375% at the moment. I.e. if you have one million USD, you'd pay $3750.

>>26260185
You had a chance on November 6th

>>26258646
To be fair with Trump making Obama look like a fiscal conservative someone needs to be a grown up and stop running up debt. Pisses me of it’s always a centrist liberal like Clinton or Paul Martin.

>>26263930
I'm talking about burgers holding crypto. they would clearly come after us too. wealth confiscation doesn't stop at equities. I of course would just launder the shit out my holdings, leave the country, and revoke my citizenship cause FUCK YOU FEDS, THIS IS THE AMERICA YOU WANT FOR YOU AND YOUR KIDS? ARE YOU REALLY GOING TO CHOOSE TO ENFORCE THIS SHIT IF/WHEN IT ROLLS OUT?

>>26266246
>always a centrist liberal like Clinton or Paul Martin.
This is the true patricians political affiliation I think. You can't even have a conversation with a far left or far right leaning person, they just think their way is the only way, and act like the world isn't a highly nuanced gradient rather than straight black and white

>>26259482
The secret service thank you for your input. Stay put.

>>26264003
unironically don't know why /pol/tards have created their own version of the libertarian free state project. They could easily take over a state if they decided to migrate.

>>26266295
IRS will still try to tax you when you renounce citizenship, so good luck with that. That and the fact that no other country has such great gun laws is why I'm not planning on getting rid of my citizenship, I'm just going to build a stronghold in the mountains and wait for the inevitable collapse.

These fucking retards are going to bankrupt me by making crypto illegal and make holding taxed.

I will drop out and let the government take care of me if they do that.

>>26266590
>This is the true patricians political affiliation I think.
Only problem with those types is they ignore systemic risks and create systems that will inevitably blow up or collapse without undoing any of the stupid programs that extremists pass.

The system as a whole is basically a ratchet and it can only move in the direction of larger, more intrusive government. Admittedly it's a slow ratchet but a ratchet nonetheless. The only way to fix it is to dismantle it entirely.

>>26258646
Imagine
>Buy High
>Sell Low
>Taxed on all your unrealized missed gains.
JUST

it's a good thing this bitch won't be around by the end of biden's first term. a cursory look into her medical history tells us that she's already got 1 foot in the grave. that's the problem with the government, it's filled to the brim with too many old fucks who don't want to retire. imagine working til the day you drop dead. i find solace in the fact that i am better than all these politicians in that i found a way to make money without working to death. thanks crypto.

>>26267577
This is worse, because they want to tax even the stuff you didn't sell, but could.