/biz/ - Business & Finance

>>53988957
Guess I’m never selling my linkies

>>53988957
i guess you could say hes BIDEN his time with this one

>>53988957
lol. lmao.

>>53988957
good thing i only have capital losses that i can write off on my taxes

>paying taxes

>>53988957
first off, this hasn't been passed and 2nd, it's PROPOSED 40% after $1M in profit.

tldr; OP is gay and aids

>>53989004
Yeah that's not a slippery slope at all... in 4 years bread will cost that much

>>53988957
Just like Trump and the wall.
He had both house and senate and didn't so this.
NOW , when it's impossible, he wants it.
Pottery.

>>53989004
Of course it won't pass, but I'm going to make a billion from XRP. So ot will greatly affect me hypothetically.

>>53989004
So all the new RE investors?

>>53988957
The scumbags also implemented an import tax on personal goods. figured that one out the hard way

Lmao I’m not paying that shit. After I make it and cash out next bull run I’m moving abroad

if they ever did that shit and I actually was going to get fucked by it, cant you just use your crypto for getting USD loans and then you dont have to wrry about taxes right

>>53988957
The US is defaulting and that statement proves it.

>>53988957
Ridiculous yes, but what a pump that's on the way to try and get ahead of it with this bs. Everything is about to 10-20x

>>53988957
>make a dollar waging
>government taxes it 40%
>left with 60 cents
>invest my 60 cents
>get a 2x
>back up to $1.20
>pay 40% capital gains tax on 60 cents of gains
>back down to 96 cents
Game is rigged I don't wanna play anymore guys.

>>53988957
They get nothing but skeet. Fuck these retards.

>>53989239
interesting look

>>53988957
How the fuck is this supposed to help ANYTHING? This doesn't hurt the people that are already rich, it's going to hurt those that try to get rich in the future. It's literally just going to make it harder for literal whos to advance financially off stocks

>>53989004
In ten years, that won’t be very much.

>>53989342
>It's literally just going to make it harder for literal whos to advance financially off stocks
That's the point lol. You will own nothing they made this very clear.

>>53989004
>1 mil in profit
you should know how little a million means now and how it'll mean even less ten or fifteen years from now, just like the tax brackets

>>53989377
Checked but you're being hyperbolic.

>>53989075
What is a 1031?

>>53989263
Invest your 60 cents in a Roth ira, you can still take the original 60 cents back out whenever you want and the other half matures tax-free. Can only do that with $6500 per year though.

>>53988957
welp

>>53989342
That the point. It only matters to the handful on the cusp for whom that's their one gigabull year that let's them escape. There should be a lookback on taxes. If you made an average wage for many years and then 2 mil last year? Last year should be taxed like the others.
If you're grossing 1 mil every year it should be a higher rate because you're almost assuredly a faggot conniving against my interests

Raising taxes doesn't do anything when the loopholes that allow the rich to bypass them still exist

Vote harder geniuses.

>>53989342
That’s the point.

>>53988957
If you don't realize that this has no chance of happening because the Republicans run the House of Reps, then you shouldn't even be talking, let alone think you're funny. Clean up whatever shit hole country you come from first.

>>53989195
You're supposed to cash out after you leave, anon

>>53988957
at that rate of increase its worth it for me to fuck off to portugal for a year and just retrain myself while making 400k.
I mean fuck a WFH remote job while in PR and I could live like a king

>>53989037
>nice pattern recognition schizo but you're not a billionaire anymore *yoinks half your wealth*

>>53988957
Good thing all the rich jews are in real estate, where they can completely avoid paying taxes by simply buying more real estate and deducting with the loans . OV VEY!

>>53989401
I already own nothing, I'm 24.

>>53989659
Dude, the federal government is running ry
Something needs to give
Doesnt matter who runs what

>>53989730
*dry

Rampant FUD tonight in the cryptosphere. What gives? They gonna roast the shorters this weekend or smth?

>>53989224
>trusting any institution with your coins after the last year
Yeah no. Just never cash out

>>53988977
monero is not super useful for capital gains tax avoidance in crypto. if you pivot from an address associated with your identity to xmr, that transaction is taxable and trivially traced. if you are coming from an address that is not associated with your identity, there's no reason to wash via monero in the first place

>>53988957
kek everything is collapsing they are panicing LMAO

>>53989224
Alchemix
But I guess good luck convincing the tax man the 100k off ramp wasn't income

>>53989342
>he thinks he's going to be allowed to get rich
Bad news bro

>>53989004
$1M is barely poorfag money

Such is the price of allowing election theft.

>>53989406
>you should know how little a million means
Making over 1 million in a single year isn't fucking pocket change my guy. Do you know how taxes work?

>>53989342
They've made it very clear that they do NOT like the wealth created by shit like Gamestop and Bitcoin. They want a class of slaves that have to go back to work. Now they're attacking traders by increasing volatility, hurting stock holders by tanking markets long term, trying to ban crypto, and trying to kill small business with excessive taxation and inflation. They want the 99% to be poverty level and rely on UBI

>>53989037
>he's serious

xrp schizos have truly lost it.

Democrats are consistently my greatest problem.

>>53989659
Its about setting the narrative.

>>53988957
Lol...Sure. Go for it. Chase more people out the country.

>>53990000
checking these worthless quads
>>53989983
For me, it's those guys with big noses and small hats

>>53988957
There is no escape, you cannot sell your stonks without paying taxes on those gains.
But they are also crashing the market so you are going to lose your wealth, but if you hold cash they steal your from you via the inflation.

I now fully see and understand without any doubt that the system is 100% fraudulent.

Only rich people are in stock market. Maybe like 2% of US population.
They would manage

>>53990036
meant for >>53990028
stop being dumb

>>53989342
All part of the plan.

>>53989004

Wait, I thought it already was 40% once you hit a1 mil? It's only 20%?

>>53989857
underrated

Raise taxes to 100%. Make money meaningless so we can live our lives in peace. NEET State.

>>53988966
You have to pay tax on unrealized gains jackass.

>>53990341

Unironically why I invest $10,000 per year in cultural trinkets from yard sales. Things are only getting worse, and soon enough any random thing will give people fond memories of the past that will be gone forever.

>>53989342
the point is to keep bleeding the middle class to pay for the niggers welfare and their own ethnic genocide while the rich elites park their funds offshore

>>53988966
You only pay taxes on things that are profitable.

>>53990649
to sell or to memorialize?
i member those straws. i had one.

the funny thing about this economic collapse is that instead of everyone coming together to support each other through the hard times, we get race war instead. kek. i just hope the power stays on, I want television coverage of the white liberals getting murdered cartel style by the poor creatures they bestowed salvation upon.

>>53990028
OH BUT WAIT THERE'S MOAR....

Don't forget the Demoshits are literally passing a bill to make second citizenship by investment ILLEGAL...

https://visaguide.world/news/us/us-congressmen-introduce-bill-to-remove-from-visa-waiver-program-countries-operating-golden-passport-schemes/

>The No Travel for Traffickers Act wants to bar all countries that sell passports from participating in the US visa waiver program and requires the Executive Branch to publicly list all countries with investment citizenship, also widely recognized as “Golden Passport,” VisaGuide.World reports.

>In addition, this program will lead the Executive Branch to work with the United Kingdom and the European Union to eliminate visa-free travel to the Schengen area for countries selling passports and to ban the use of US taxpayer funds to verify “golden passport” applicants so that taxpayer dollars are not used to enable these corrupt programs.

>According to the US Congress, these so-called “golden passports” are abused by human traffickers, international criminals, and corrupt oligarchs.

https://www.imidaily.com/north-america/us-bipartisan-bill-aims-to-end-visa-free-travel-to-us-eu-uk-for-countries-with-citizenship-by-investment-programs/

These piece of shit Democrats are literally trying to trap and imprison you in this open-air mental asylum of a country of never ending inflation, high taxes, crime and woke bullshit. They want you stuck here forever and begging them for bread scraps. Get out of the US NOW while you still can!

>>53989747
Retard

>>53989747
This is why you onramp and immediately swap it into Monero.

>>53989857
this
t. knower

If this thing passes, I'm literally moving out of the US.

>no taxation without representation
>fakes election result

>>53989004
>after 1m
That's literally just making sure small fries eat shit, retard. Tax elon musk and jeff bezos 40% on their sale of 40 billion dollars, don't fucking tax me just for /making it/ to a meagre sum like 2 million.

>>53989342
That's the point.

>>53989936
Kill yourself jew.

>>53989738
>cryptosphere
The market in general.

>>53988957
Based Biden

>>53991178
Because in the past "everyone coming together" meant roasties deferring to the white man. Nowadays it means trying to bleed the last white man out while zoomer thottie runs off with a saudi prince.

>>53991762
NOTHIN PERSONAL

You get what you deserve mutts

>>53988957
Good.

>>53991813

Glows like fuck, this post.