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
Discussion
I want to know this too
I donβt see how it makes sense economically as opposed to just putting all fiat you donβt need to spend into bitcoin each month. That way you donβt have to pay capital gains and would actually end up with more bitcoin in the end because you donβt 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
nostr:note19nn9l05x8p22muu5lpn8hvg2jzjw2lv9738fxyc7f2hpjpfhp6jq9454la
you can also just pay the credit card bill whenever you get your next paycheck and then just sweep the rest into bitcoin to stay on 0 fiat. i believe that's what nostr:nprofile1qy08wumn8ghj7mn0wd68yttsw43zuam9d3kx7unyv4ezumn9wshszymhwden5te0wp6hyurvv4cxzeewv4ej7qgwwaehxw309ahx7uewd3hkctcqyptg8l78l798xft9zdd264kdl72whtxe5ctdzvf6a29dfzjyd0lfjamtmlt does.
Yes this makes way more sense