ELIMINATE ALL CAPITAL GAINS TAXES WHEN USING BITCOIN TO PURCHASE ANY AMOUNT OF GOODS AND SERVICES.
THIS SHOULD BE PRIORITY #1, SINCE BITCOIN IS INTERNATIONAL ENERGY MONEY.
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Replies (18)
How would the founding fathers of this country eliminate capital gains tax?
should just get rid of cap gains across the board, for all assets
it is a predatory tax on savings
fa sho
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"I LOVE THIS KIND OF CLAIMS BRO" 🎩 ⚡
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What if we just got all ~160M Americans to stop paying all of our taxes altogether? What would they do?
I’d eliminate capital gains period. Doesn’t matter what currency you’re using: you still already earned it and the government doesn’t get to charge your income when you do and THEN also later ask for yearly taxes.
Priority #1: let money be money. Priority #2: remind bureaucrats Bitcoin doesn’t care about borders…or their tax forms.
What about VAT? I personally don't see why that one should exist either
90% of taxes need to go. Our government was funded almost exclusively by tariffs in its beginning. I only mentioned capitol gains because of the context of the original post.
I don't accept the idea that you gain capital on a currency. But, if BTC is an "asset" things change.
Frankly, asset or currency, I don’t think governments have the right to assess the value of something and then tax you on their assessment. That’s how they play scams like inflating property values to force people off properties via property tax.
#BITCOIN IS INTERNATIONAL ENERGY MONEY
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MINIMIZE ENTROPY.
My point was that anyone who's living on Bitcoin using Bitcoin as their currency by choice shouldn't pay capital gains tax on the value increase of their currency vs the hyper inflating bullshit others are using.
There is no gain, 1 BTC = 1 BTC
Okay. We are making the same points and talking past each other when we are in agreement. I said the exact thing. I just applied it more universally to any and all non-inflating assets.
Pardon me. Sometimes I hit the language barrier or do selective reading.
We all so it sometimes bud. It’s okay.
Exactly no question 💯