Replying to Avatar Jonathan

I'm curious, we have all these tools to self custody and protect our bitcoin, but how do we protect against the cap gains tax man? As an American we will pay 20% no matter where we live in the world, and in Cali it's 33%

Does it just come down to non KYC purchases only to avoid tracking? Will you have to earn it directly to avoid fiat paper trail from paycheck like a cash job would now?

What are the odds the U.S. abandons its federal cap gains tax?

#asknostr
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:P 1y ago

As more countries adopt Bitcoin as legal tender, Bitcoin will become a foreign currency before become the world currency. Capital gains tax on Bitcoin will cease to exist.

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Jonathan 1y ago

This makes sense to me, in the last two years alone it feels like bitcoin adoption has accelerated to light speed, and perhaps it's just a matter of time before the gov is forced to capitulate to the pressure of the people.