Post
Topic
Board Beginners & Help
Merits 1 from 1 user
Re: Tax Question, and where to find info question
by
Vcat500
on 14/12/2024, 02:17:33 UTC
⭐ Merited by Lucius (1)
sorry, don't know how to quote everyone.

@ Mia Chloe
What you said, "...it's not viewed like your regular fiat currencies like said earlier rather they are viewed more like assets." Makes sense. So it sounds like they are really concerned with the capital gains, or the value when transferred to USD, or your bank. And that makes sense, because if you noticed, at conebase at least, your assets are listed as unrealized gains.

@Lucius
I know about CEX. I'm aware of managerial issues and open source. Been a VC user for many many years. But I'm new to Crypto and I don't have much $ in there. The coins and tokens are only on the exchange as investment at this point and I fully intend to pay my taxes. Also even if they were off of CEX, at some point I would want them transferred to my bank and you're going to have to explain how you came up with 2 mill if that's what you made. Grin But as far as anonymity, I would never use any encryption that's not open source. Never.

@Wonder Work. I agree that it's BS how single people like myself get screwed and couples pay less. That was really apparent with the stimulus checks were passed out. Same BS with Insurance. I have to pay because some A hole speeds, and I don't. And you're right. Our founders never intended on all these taxes, they were originally meant to build a military. Now you're taxed thousands of times, the shirt on your back, the thread, the ink to make the shirt, the cost of the fuel to deliver the materials all passed down to the consumer.

@tbct_mt2
Thanks for that direct link