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Phundamentals 2y ago

I had a gift certificate for a Big Mac. It was given to my grandfather when Big Macs cost $1 and I inherited it.

I redeemed it the other day for a Big Mac that cost $5

QUIZ - what is my capital gain and what is my tax responsibility?

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Tony 2y ago

Shouldnt it like be a relic worth 5BTC by now?

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Phundamentals 2y ago

I’m trying to understand why we even think there should be any tax on a currency that protects our purchasing power.