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> buying something for $10 might actually cost $12 because of capital gains No. The cost of goods isn't affected by your taxes. You simply have to realize th
by gnaritas 13y ago
> buying something for $10 might actually cost $12 because of capital gains
No. The cost of goods isn't affected by your taxes. You simply have to realize that your Bitcoin stash is pre-tax just as your 401k is pre-tax; spending it incurs a taxable event that means it's time to pay taxes on your gain, those taxes were always going to be due, the good didn't cost more, you're just paying your income taxes late since you haven't paid them yet.