10-26-2021, 05:30 AM
They want to tax us to death
<!-- SC_OFF --><div class="md"><p>A new tax law is being proposed in the US which will require cryptocurrency investors to pay taxes on the profits from their investments even before they sell their coins.</p> <p>If this ridiculous law is passed, it will:</p> <ol> <li><p>Force you to sell your crypto when you're in profit, which would keep further price increase in check. Thus reducing the opportunity to make further gains.</p></li> <li><p>Make everyone a ninja, doing everything to conceal their crypto wealth.</p></li> <li><p>Probably discourage people from investing in crypto in the first place.</p></li> </ol> <p>My hope is that they also make provision to pay us for unrealized losses on our crypto assets. At least this will encourage me to gamble more on shitcoins without fear.</p> <p>Congrats boys, we have graduated from China FUD to tax and regulation FUD. Let's see where this leads.</p> <p>EDIT: News source: <a href="https://beincrypto.com/treasury-secretary-tax-unrealized-crypto-gains/">https://beincrypto.com/treasury-secretary-tax-unrealized-crypto-gains/</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/CryptoSorted"> /u/CryptoSorted </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qfaksk/they_want_to_tax_us_to_death/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qfaksk/they_want_to_tax_us_to_death/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>A new tax law is being proposed in the US which will require cryptocurrency investors to pay taxes on the profits from their investments even before they sell their coins.</p> <p>If this ridiculous law is passed, it will:</p> <ol> <li><p>Force you to sell your crypto when you're in profit, which would keep further price increase in check. Thus reducing the opportunity to make further gains.</p></li> <li><p>Make everyone a ninja, doing everything to conceal their crypto wealth.</p></li> <li><p>Probably discourage people from investing in crypto in the first place.</p></li> </ol> <p>My hope is that they also make provision to pay us for unrealized losses on our crypto assets. At least this will encourage me to gamble more on shitcoins without fear.</p> <p>Congrats boys, we have graduated from China FUD to tax and regulation FUD. Let's see where this leads.</p> <p>EDIT: News source: <a href="https://beincrypto.com/treasury-secretary-tax-unrealized-crypto-gains/">https://beincrypto.com/treasury-secretary-tax-unrealized-crypto-gains/</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/CryptoSorted"> /u/CryptoSorted </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qfaksk/they_want_to_tax_us_to_death/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qfaksk/they_want_to_tax_us_to_death/">[comments]</a></span>Kind Regards R