Quote from: Paashaas on December 28, 2021, 10:09:44 PM

I don't see any reason to leave WO, i started here and will continue be active until i die..i guess. ( If i haven't posted here for atleast 3 months ore so that means i'm dead Undecided

)

hahahahaha..... I had to chuckle at that one a wee bit.

Yes.. .each of us is going to die, and surely you are not one of those who is planning on immortality.... .. but there could be exceptions to your suggestion dead=3+ months of not posting.

What about that meme where you come out of a coma?

Instead of asking what is the price of bitcoin, your question will be: "am I still logged in?" Then: "Holy fucking shit, 9,376 pages to read!!!!! I hope that they don't think that I am dead merely because I have not posted for 21 months and 21 days"

Quote from: Biodom on December 28, 2021, 11:01:27 PM

Quote from: philipma1957 on December 28, 2021, 09:25:19 PM

Quote from: d_eddie on December 28, 2021, 09:18:42 PM

Quote from: lightfoot on December 28, 2021, 08:33:39 PM

These dumb-ass 5% bitcoin sales are annoying: It's not worth cashing in coin to buy back lower as the ~21% Capital gains tax will wipe out any profit.

Oi.

IOW: Capital Gains Tax makes it so that selling to rebuy lower is a losing move unless the after-sale dip is more than the CGT rate. Not limited to bitcoin: it's the same with stonks or any other financial asset.

unless it is long term rate sale.

...and, first $80,800 in long term cap gains are FREE (if you are married).

That's still including your net taxable income. In other words, if you have other income that might even be more than half of that, then you only get the remainder that you can write off for bitcoin capital gains.

So, for example, let's say that your net taxable income is $60,800, then you can only have $20k in bitcoin capital gains that is free from taxes. right?

Quote from: lightfoot on December 28, 2021, 11:35:49 PM