Europe about to start taxing unrealised capital gains on #Bitcoin.

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They already do, except in Malta, which is also part of Europe.

Cheap sats incoming. Unrealized capital gains tax is just stealing. I mean all taxes are theft, but jesus christ. They might as well give you a 10,000,000 loan at birth as the price of citizenship that you have to pay off for the rest of your life and from which you can only spend a UBI bookended monthly amount.

My wife is about to get a payout from an old pension pot. They are going to tax the shit out of it.

She is going to buy Bitcoin with what’s left which will be worth way more than they ever took.

This is the way 💪

I gave a talk in May of this year and found out someone has been buying $5/day since. It's not a lot, but for them it's meaningful appreciation and a demonstration that it is possible to get a head with consistent discipline over your money.

A DCA maxi 💪

I'm really proud of this person. In 10 years, he and his family will be so much better off.

Ironically, I hope he kept it on the exchange otherwise fees will kill their UTXO’s and they’ll be left with nothing 😫

I still can't zap you in post threads for some reason.

Post it, I’ll DM my address 😂

I’m glad that I can officially stack to my pension in Bitcoin ETFs, allready doing it bcs it’s also tax free after these years.

But who knows, before my pension there is a lot to change, so maybe these mfs will tax me too in my old age.

How do they prove your holding?

The exchanges report it to the tax authorities. At least in the Netherlands. So you are more or less obliged to honestly declare your assets in your tax return, as they will find out anyway.

Well, no.

Not Europe but some unknown to me French politician.

Not plan but rather doing some shitstorm. Who knows.

Probability of passing such law is below 0,1%.

But still the can GFY.

🖕

Europe is a geographical area.

How is *that* going to tax anyone?

Indeed, I also dislike when people say "Europe" to mean the EU, since being in one is neither necessary nor sufficient to be in the other.

The European Union is also not the only international body in Europe. The other one is the Council of Europe, which is independent and also relevant.