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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 12, 2020, 07:41:34 PM
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I have the same concerns, Bob.
UK CGT is currently 20%.
There are rumours next April the UK Gov will increase it to be aligned with the normal tax rate for high earners (salaried) which is 45%.
I am really & I mean really not cool with paying 45% CGT. If they raise it that much I will be looking to emigrate.
First I have heard of that. The UK economy is going to be so fucked from Brexit and Covid that I think this is a 1 in a hundred chance. Much more likely Boris will be hung up from his Johnson from the Parliament gates UK CGT - http://www.bbc.co.uk/news/amp/business-54908037Huh. I don’t believe it for a second though. Not this government. |
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 12, 2020, 07:40:25 PM
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Let’s pretend Biden doubles CGT. Which isn’t going to happen
You will still be better off selling next year.
Also, Biden isn’t going to do shit on taxes. He’s got bigger fights on his hands like fixing Covid.
exactly...it has to be 85% cap gains on 100K..20% cap gains on 16K (if your cost is close to zero) is 3.8K, 12.2k profit. If btc is 100K, tax has to be 88% to get the same profit. Zero chance for such tax and any tax higher than maybe 30% or so. 30% is possible...I paid 39.7% cap gains in 2000. That was a howler (forgot about short term vs long term when trading  ) Not to put too fine a point on it but it’s not cap gains short term, it’s income. in US it is called short term cap gains, which, indeed, are taxed at the regular income rates. Eh ok you are right. Withdrawn. |
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 12, 2020, 07:31:49 PM
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Let’s pretend Biden doubles CGT. Which isn’t going to happen
You will still be better off selling next year.
Also, Biden isn’t going to do shit on taxes. He’s got bigger fights on his hands like fixing Covid.
exactly...it has to be 85% cap gains on 100K..20% cap gains on 16K (if your cost is close to zero) is 3.8K, 12.2k profit. If btc is 100K, tax has to be 88% to get the same profit. Zero chance for such tax and any tax higher than maybe 30% or so. 30% is possible...I paid 39.7% cap gains in 2000. That was a howler (forgot about short term vs long term when trading ) Not to put too fine a point on it but it’s not cap gains short term, it’s income. |
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 12, 2020, 07:30:11 PM
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I have the same concerns, Bob.
UK CGT is currently 20%.
There are rumours next April the UK Gov will increase it to be aligned with the normal tax rate for high earners (salaried) which is 45%.
I am really & I mean really not cool with paying 45% CGT. If they raise it that much I will be looking to emigrate.
First I have heard of that. The UK economy is going to be so fucked from Brexit and Covid that I think this is a 1 in a hundred chance. Much more likely Boris will be hung up from his Johnson from the Parliament gates |
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 06, 2020, 11:49:15 PM
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Alaska's only at 56%. The two people counting the ballots stepped out to have a beer and got stuck in a snowstorm at the bar, conveniently.
Alaska has counted ZERO mail in ballots. They have only counted votes on the day which of course skew Republican. A 62 / 33 split for Trump on in person voting is not a good result for Trump. There will be squeals of indignation when they start to count mail in ballots and Biden starts to catch up in Alaska. Given mail in ballots can skew as high as 80% to Biden there is even a chance he could take Alaska. A pretty slim chance but still possible. Conservatives can complain about vote rigging when they stop drawing districts that looks like this:   |
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 06, 2020, 11:37:39 PM
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Does he not realize that counting ballots actually takes time?
... I've always wondered why in all the democratic world it is only Democrat inner-city US counties that take forever to count their vote? ... they have more people so should be able to count faster ... or? are they stupider? why do they always delay their vote count? do you not find that strange? The inner cities are completely corrupt Democrat cesspools. On election night, they pause the counting, wait for the results to come in from the rest of the state, figure out how many votes they're down by, manufacture whatever votes they need, then resume counting. It's the oldest [US] political trick in the book. This approach was famously pioneered by Chicago Mayor Richard J. Daley. He essentially controlled every Illinois State election while he was in office in the 50s-70s. My theory is that Trump pissed off all the Libs and some of the independents so they all got together in this big gang and voted against him at the next election. And the reason it is faster to count rural areas in Nevada and Arizona is because the rural areas are made of sand and the urban areas actually have people in them. It's amazing how cities with millions of people like New York, Chicago, Houston, L.A., etc. have no problem getting their ballots counted on election day. However, second tier cities like Detroit and Philadelphia, in battleground states with democrat governors, have ballot counting that goes on for days and is fraught with problems. California: 77% counted Illinois: 88% counted Texas: 96% counted Pennsylvania: 96% counted. I don’t think you can say Pennsylvania is doing poorly compared to California, Illinois or even Texas |
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: November 06, 2020, 11:25:15 AM
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Does he not realize that counting ballots actually takes time?
... I've always wondered why in all the democratic world it is only Democrat inner-city US counties that take forever to count their vote? ... they have more people so should be able to count faster ... or? are they stupider? why do they always delay their vote count? do you not find that strange? The inner cities are completely corrupt Democrat cesspools. On election night, they pause the counting, wait for the results to come in from the rest of the state, figure out how many votes they're down by, manufacture whatever votes they need, then resume counting. It's the oldest [US] political trick in the book. This approach was famously pioneered by Chicago Mayor Richard J. Daley. He essentially controlled every Illinois State election while he was in office in the 50s-70s. My theory is that Trump pissed off all the Libs and some of the independents so they all got together in this big gang and voted against him at the next election. And the reason it is faster to count rural areas in Nevada and Arizona is because the rural areas are made of sand and the urban areas actually have people in them. |
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: August 01, 2020, 11:15:37 AM
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Something seems too good to be true about how closely those fractals overlap. They are scaled properly, I hope?
Yes it. Of course it didn’t look like it was matching last month. Lol the year 1788.
We had to lock up all the convicts then and we have had to lock up all the Victorians again this week.
Is that where you have been Hairy butt? locked up? I’ve been gardening, cycling, cooking and drinking. Life is good man. Yes HM, good to see you. Looks like we’re perfectly on track, happy days.
Good to see you too LFC. |
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