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/biz/ - Business & Finance

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58501751 No.58501751 [Reply] [Original]

Capital gains tax is just a penalty for not holding fiat

>> No.58501753
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58501753

Capital gains tax is just a reason for not holding fiat

>> No.58501758
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58501758

>>58501751
And holding fiat gives them the chance to mint new fiat and dump it on you

>> No.58501763

>>58501751
Oops your social credit score is too low, you can't use your fiat in your bank account.

>> No.58501768

>>58501751
Capital gains tax is a penalty for converting back to fiat

>> No.58501769
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58501769

>>58501751
I transfer my crypto to a rich friend and he buys shit for me so I don't pay taxes on my crypto

>> No.58501779

>>58501751
Agreed. On a fundamental level I understand Uncle Sam's wanting a little cut of what I make as a citizen of his great nation, but when I think of that rhetoric I think something like 10%; the struggle was pretty much entirely my own after all, and the infrastructure keeping me alive in the meantime should just be considered obligatory in a developed world at this point. Not to mention I pay for it anyway when I get the money from my job and when I pay tolls, sales tax, etc.

But then you tell me we're talking a 40% cut? Fucking laughable! And when I finally feel the sting of that, tragic.

>> No.58501786

>>58501768
You also have to pay it when buying things with crypto

>> No.58501808

>>58501779

hold for at least a year and taxes are 15 percent.

>>58501769

explain how this works.

>> No.58501833

>>58501786
And nothing happens if you don't pay it

>> No.58501844

>>58501808
He sends crypto to a rich friend so that he can buy stuff for him so that he doesn't have to pay taxes.

>> No.58501890

>>58501844
And his rich friend doesn't tax him!?

>> No.58503112

>>58501751
I refuse to pay. Instead I just max out my roth ira and daytrade in that account. Everything else I purchase for a year minimum and never look at the price. I just dca every 3-5 months. I can't allow myself to contribute to the federal government. One day I will live partially off the ira withdrawals and partially off profits from investments, but I will not exceed the threshold where I'd have to pay taxes.

>> No.58503237

>>58503112
based

>> No.58503450

>>58501751
it's partially a wealth tax due to inflation

>> No.58503482

>>58501779
Sales tax fine, property tax sure I guess, but income tax, after you just put up speed cameras all over my city and do nothing about the illegals, the crime or the failing school system or even fix the fucking potholes? You can suck a nigger dick. Now you get nothing faggots

>> No.58503487

I think its just to prevent people from becoming rich. The system depends on people being poor.