voltanton
817
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May 23, 2021 6:52 PM
voltanton
817
23
14
arcgap
tax the rich....
autocorrectfailures
Could just manipulate the market value right around the time the tax documents get printed. Have ole muskie tweet something to make it work.
nobodyspecial995
Yet another person who doesn't understand how tax rates work.
YouWillNeverFindMe
I thought investments in currencies and stocks had lower tax?
orangebicx
Its half your tax rate if you have held the asset for more than a year.
Johann316
15% right?
friendsofsandwiches
how are they tracking crypto anyways?
thebeadweeb
You can see everything done. That's kinda the point of a blockchain.
nonsequitur
If you withdraw from crypto into a normal bank account, and transaction greater than $10k is automatically reported to the IRS by the bank.
YouWillNeverFindMe
And if it's under 10k you are performing structuring, so they can seize all the "structured" cash
youdontknowmeormydog
Still 57% richer
thebeadweeb
If I have money in a retirement account, the interest on that account would be taxed at that volume, destroying my savings. You don't know
thebeadweeb
How taxes work, and seem to only think this applies to what you call "rich"