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You legitimately made gains on those coins though and in this country we currently have a capital gains tax. What would you prefer? A loophole the size of a mo
by lalaland1125 9y ago
You legitimately made gains on those coins though and in this country we currently have a capital gains tax.
What would you prefer? A loophole the size of a mountain for bartering appreciating assets? A special carve out for bitcoin? A removal of the capital gains tax (which would result in raising taxes for the poor or large deficits)?
The system works the way it does for rather decent reasons.
- hyprCoin 9y agoI would prefer that the government control the supply of money and take a part of a preset emission to fund itself. A second part of the emission could be used for UBI protecting the poor and getting buy in from the populous. It would rid ourselves of the debtor's prison and the government would no longer be providing a yearly negative reward signal to it's financially successful citizenry. Oh well enough fantasizing, time to guess how to report income tax on low liquidity asset income that hasn't, and sometimes can't, be liquidated. If I'm wrong it's time for bank account freezing and fines. Maybe jail time if I upset the wrong employee. Feeling pretty scared in the home of the brave right now..