I’m simping for politicians 🤣

This video is gonna be a banger

I've been orange pilling my builder for several weeks, he's bought my book, he highly respects my opinion, he even asked me fiat pension advice for his cousin, which I couldn't help him with.

Today, he tells me he's bought f***ng $MUSE whatever the f**k that is.

FFS

This is how I feel now:

No matter what your opinion is of Elon Musk, you can’t deny that this flat out awesome.

Important post if you are in the UK 🇬🇧

Plz share with or tag other Brits.

🧵 Thread

A Tax-Efficient Way to Spend Your #Bitcoin While Supporting the Network and Keeping Your Holdings Intact!

One way to spend Bitcoin, help decentralize the network, and move BTC off exchanges without triggering a taxable event is through a strategic spending and repurchase approach.

Here’s how it works ⬇️

Step 1: Spend #Bitcoin at a vendor who accepts it as payment.

This ensures you're using Bitcoin in the way it was designed—as a decentralized currency. You're also supporting businesses that accept Bitcoin directly. 💳⚡️

Step 2: Within 30 days of making the purchase, buy back the same amount of Bitcoin.

This is key to ensuring that you retain your original holdings without being exposed to market volatility. 🔄

The magic behind this strategy is the 30-day rule.

In the UK, this rule prevents you from claiming a tax loss on an asset if you buy it back within 30 days, but it also means you inherit the original cost basis if no profit is made.

By rebuying the Bitcoin within the 30-day window, you effectively reset your position at the original purchase price, meaning no capital gains or losses are realized.

This way, no taxable event occurs, and your Bitcoin stays in your hands! 💼🛡️

Not only does this method keep your tax position intact, but it also moves Bitcoin off exchanges, which enhances decentralization and strengthens the Bitcoin network.

You continue to hold Bitcoin with your initial cost basis, tax-free. 🏛️🔐

In summary:

Spend BTC at a vendor

Buy back the same amount within 30 days

Maintain your original cost basis, avoiding tax implications

Support the Bitcoin ecosystem by transacting on-chain 🌍⚡️

#Bitcoin #CryptoTax #BitcoinNetwork #SpendAndHODL #TaxPlanning

THIS THREAD IS FROM

THIS ACCOUNT;

Stolen from The Secret Investor - Tax accountant on twitter.

Once you start on the wrong path, it’s difficult to escape.

If a Slave is forced by the threat of violence to give 100% of the fruits of their labor to their master, what do you call people who are forced (also by the threat of violence) to give 40-75% of the fruits of their labor to their master?

You cannot opt out and you cannot leave your Master’s land without literally buying your freedom upon in order to exit, only to find yourself in the domain of a new Master no matter where you go.

If you refuse to give your Master the fruits of your labor, you will be imprisoned. If you fight back against your Master’s henchmen when they come to arrest you, they will end your life.

When you die, your Master will take a piece of whatever you pass to your children.

Your Master uses the stolen fruits of your labor to forcibly keep you in perpetual servitude.

Are you free, Anon? Or are you a Slave?

yo yo yo

anyone (or anyone you know) interested in helping test Strike UK? in the final lap before launch (hopefully), would be a huge help

DM me here if interested. will only check nostr DMs.

appreciate yall! 🫂

I’m new in this platform, Jack, Gigi and Matt are convinced that in less than five years it will only be Nostr.