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Right, you'd be out that $1 because the government is getting it -as it goes to the tax collector, and then it is distributed to all of society, or well, how th
by loceng 9y ago
Right, you'd be out that $1 because the government is getting it -as it goes to the tax collector, and then it is distributed to all of society, or well, how that government currently allocates spending/resources.
It's not a matter of trying to beat the system, donating to a charity is an opportunity afforded by governments (not sure all of them do) to allow the individual an opportunity for the money to go to a specific cause instead of to society in general - which is why charities are regulated and have rules, albeit perhaps not regulated well enough.
Edit to add after you added to your comment:
Perhaps I better needed to separate (and improve) my understanding of taxes - and the distaste for how profits are realized in incentivized crypto-assets.
Thanks for engaging.