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/biz/ - Business & Finance


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5311377 No.5311377 [Reply] [Original]

“Every time you trade one digital currency for another, one token for another, it’s going to be a taxable event.”

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH

>> No.5311397

bahahahhaha /pol/ BTFO'd :')

>> No.5311525

>but..but..Ameriga is the only gountry dat matterers :DDD

>> No.5311568

What is Monero?

>> No.5311609
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5311609

>>5311377

>> No.5311694
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5311694

>> No.5311695

>>5311568
Monero (XMR) is an open-source cryptocurrency created in April 2014 that focuses on privacy, decentralization, and scalability that runs on Windows, MacOS, Linux, Android, and FreeBSD. Monero uses a public ledger to record transactions while new units are created through a process called mining. Monero aims to improve on existing cryptocurrency design by obscuring sender, recipient and amount of every transaction made as well as making the mining process more egalitarian.

The focus on privacy has attracted illicit use by people interested in evading law enforcement. The egalitarian mining process made it viable to distribute the mining effort opening new funding avenues for both legitimate online publishers and malicious hackers who covertly embed the mining code into websites and apps.

>> No.5311916

When will this be in effect?

>> No.5311950

Please tell me this isn't the case for Canadians as well..

>> No.5311994

As an anchor baby I know pray that they take away my citizenship. Got all the gibs but they won't take my gains.

>> No.5312039

>>5311377
Don't worry Trump will eventually stop this.

>> No.5312072

>>5311916
It is in effect, dummy

>> No.5312185

>>5311916
Yesterday

>> No.5312229

>>5312072
So say I make like 2000 off an alt and switch it over to eth and decide to cash out how much are they going to cut?

>> No.5312306
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5312306

>>5311377
Thanks /pol/. Le MAGA, amirite?

>> No.5312413

JUST

>> No.5312425
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5312425

its not FAIR ITS NOT FAIR ITS NOTS CVAIR IITS NOT FAIR!!!!!!!

>> No.5312485

>>5312229
150%
Profits will cost you more than losses.

>> No.5312632

>>5312485
Literally don’t understand what you mean

>> No.5312715

>>5311377
You would only need to pay taxes for the profit and not for your full balance so it's not that a big thing...

>> No.5312746

>>5311377
It's always been this way retards.

>> No.5312894

>caring about taxes
What timeline is this

>> No.5312944

>>5312715
no, it's fucked up because it doesn't count the opportunity cost
a chad who bought btc and didn't touch it doesnt have to pay ANYTHING at the end of the year
while the virgin researcher has to pay on his shitcoin "gains" even though he lost a shitload of satoshis on the way

>> No.5312994

>>5311377
Who are you quoting my good sir?

>> No.5313014

>>5311525
Correct. Reminder that our money makes up a significant portion of the market. You really think europoors have the money to make things moon? Ha. Americans and chinks are the only ones who can make things moon.

>> No.5313084

Good luck, I'm behind 7 proxies

>> No.5313615
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5313615

>>5312894
Huh, I got so caught up in the panic I forgot about this. Thanks for bringing rationality back into focus.

>> No.5313713

*xmr quietly moons*