How do you do this with the capital gains tax if you have to sell sats every time you need to pay the credit card bill

Replies (6)

I don’t see how it makes sense economically as opposed to just putting all fiat you don’t need to spend into bitcoin each month. That way you don’t have to pay capital gains and would actually end up with more bitcoin in the end because you don’t have the make another sale to pay the tax when it comes due, which then would count for another capital gain for the following year. Not to mention paying more tax to the government is exactly what many of us are trying not to do.
what do you mean? you have like 10-12 cap gains events a year and you just pay the taxes also, think about it, if you have a capital gain that means you avoided asset price inflation. that means you gained against a fiat that is being debased not wanting to deal with a capital gain is wanting to be poor