JUST IN: 🇺🇸 Biden to propose new tax rules for #Bitcoin, removing the ability to tax-loss harvest. - WSJ
Discussion
Biden can go fuck himself
Who tf figured out how to sell it
Bitcoin Maxi Biden wants you to never sell your bitcoin for fiat
I will not cheer on closing tax loopholes just for a minor bag pump
Alternate Headline: Government continues to ensure people only Hodl their stack even harder.
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So basically just treat Bitcoin as a stock for tax purposes
I’m actually in favor of this.
2022 might have been the last chance to do much tax loss harvesting anyway.
Was literally anyone asking for this?
Great work gov
Totally feels like you have our best interests in mind
Can I swear in here and not get banned?
39.6% surtax on a cup of coffee or beer. Good luck trying to collect that. 🤡
And they are proposing hiking the cap gains rate to the top rate.
Fine…I’ll just HODL and borrow meagerly against my stack forever with a loan from Unchained Capital.
Come and take it. You’ll never get it. Ever!
You guys were selling your Bitcoin??
There is no benefit to the market for all the wash trading and manipulation of the past cycle.
Does Biden think about Bitcoin?
Because Bitcoin doesn't think about him. 😎
Your post is being well-received.
Added to the https://member.cash/hot feed
For all their talk about the insignificance of Bitcoin, they sure spend an inordinate amount of time cooking up schemes to hamper its adoption 😅