Nostr Web Client

Counterargument:

- Roth IRA contributions are post-tax. You’ve already paid income taxes.

- You have to register your holdings with the State.

Is the lack of long-term capital gains tax (15%) worth revealing your stack? The future tax rate is unpredictable, but you can’t un-reveal your position.

nobody 1y ago

Solid argument. It really depends on the person. For some it is the smartest thing they could do right now. Without question.

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Discussion

jimbocoin 🃏 1y ago

Not worth it, IMO. The time horizon is too far out to have any confidence in the future tax rate. Better to get your coins in self-custody, revealing as little as possible to one’s potential future adversaries.

It’s not just the State you’re revealing to (although that’s reason enough). It’s anyone who hacks the State’s databases, now or at any time in the next several decades.