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.
Discussion
we’re close…
Bloody oath
Still waiting on my 1099 from Steak N Shake…
Yes!!
I agree Jeff, but I have always seen a de minimus amount being where things start.
Never happen
International? More like universal 🗿
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
Dr Jeff- is you ok? Hope all is well, are you working out regularly eating grass fed beef and butter? Stay way from the regular practice doctors they say to take pills and stay out of sun
Bitcoin fixes the world
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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.
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.
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.
Priority #1: let money be money. Priority #2: remind bureaucrats Bitcoin doesn’t care about borders…or their tax forms.
YOUR ABSOLUTELY RIGHT, JUST TO BE FAIR THERE IS NO REASON BITCOIN/LIGHTING CAN'T COINSIDE WITH ONE ANOTHER..
WE ALL KNOW BITCOIN IS BY FAR THE BETTER MONEY ( DUH 🙄 ) HOWEVER CAP GAINS #1 AND KEEPING SELF CUSTODY FOR THE PEOPLE #2 OR HOWEVER YOU SEE FIT .
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#BITCOIN IS INTERNATIONAL ENERGY MONEY
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MINIMIZE ENTROPY.
Exactly no question 💯