Icygreen
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November 02, 2017, 08:42:38 PM |
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Remember Remember the 5th of November when Bitcoin became revolution for the people!
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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Last of the V8s
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Be a bank
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November 02, 2017, 08:45:07 PM |
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do we keep an eye on the price movement chart
we are observe wall
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BlindMayorBitcorn
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November 02, 2017, 09:09:45 PM |
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rjclarke2000
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November 02, 2017, 09:14:19 PM |
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BlindMayorBitcorn
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November 02, 2017, 09:15:05 PM |
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RejectedBanana
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I am a banana.
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November 02, 2017, 09:20:33 PM |
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Have any US citizens looked into a Charitable Remainder Trust for their BTC? I'm talking to a lawyer next week about setting one up. Seems like the best way to convert capital gains into income. Which, for me living overseas, I would rather have income which is not taxed than gains that are taxed.
Yes. You're basically trading your stash in for an annuity or similar. You can draw a yearly income off of it, but that income itself is still taxable (maybe not so much as an expat?). You're just avoiding cap gains, which might not be as bad as you think. Plus the trust has to be carefully managed to keep the IRS happy. If you trust in Bitcoin's longevity, you maintain far more control keeping it in Bitcoin, and if Bitcoin cap gains are your only source of income, the first $37.5K are tax free, $75k if you're married, and after that it's only 15%. So say you're married and draw off $150k in pure gains (plus some amount of principle, which might be negligible at this point). The effective tax would only be 7.5%. That's like sale's tax, big f-ing deal. Gifting Bitcoin also bypasses cap gains. The giftee's cost basis steps up to the date of the gift. Gift every member of your extended family and have them pay for the bulk of your needs. You can gift around $14k per year per person. The best reason I can see for a charitable remainder trust is if you've totally lost faith in Bitcoin and want to ditch your whole stash pronto for lambos, property, securities, or fiat. Maybe it makes sense to do it for just the part you want to convert, but keep the bulk in Bitcoin until needed. Really depends on your circumstances and faith in Bitcoin. https://www.estateplanning.com/Understanding-Charitable-Remainder-Trusts/https://www.fool.com/retirement/2016/12/11/long-term-capital-gains-tax-rates-in-2017.aspx
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vortex1878
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November 02, 2017, 09:23:28 PM |
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/Snip. BS.
Have you read the past few pages? Have you read her previous posts? Took one she once posted here for me to click ignore as quickly as never before. ^^
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Last of the V8s
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Be a bank
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November 02, 2017, 09:24:08 PM |
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you love her. izzy k and blind mayerb sitting in a tree k i s s i n g
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jojo69
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diamond-handed zealot
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November 02, 2017, 09:25:47 PM |
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"Coinbase Adds A Record 100,000 Bitcoin Traders In One Day"
zerohedge...its in your bookmarks
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BlindMayorBitcorn
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November 02, 2017, 09:27:44 PM |
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you love her. izzy k and blind mayerb sitting in a tree k i s s i n g I think she's lovely.
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BlindMayorBitcorn
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November 02, 2017, 09:28:30 PM |
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"Coinbase Adds A Record 100,000 Bitcoin Traders In One Day"
zerohedge...its in your bookmarks
A wave is coming...
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jojo69
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diamond-handed zealot
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November 02, 2017, 09:32:02 PM |
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but...can it really go parabolic-er?
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pfrtlpfmpf
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November 02, 2017, 09:37:00 PM Last edit: November 02, 2017, 09:51:34 PM by pfrtlpfmpf |
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do we keep an eye on the price movement chart
we are observe wall Now, THAT is a beautiful wall, though your english isn`t as beautiful. I like the brick in the lower left, he`s holding it all together.
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BlindMayorBitcorn
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November 02, 2017, 09:38:11 PM |
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but...can it really go parabolic-er?
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BitcoinNewsMagazine
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November 02, 2017, 09:38:59 PM |
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but...can it really go parabolic-er?
Sure when you see $1000 move in one day. That is not sustainable so would be healthier for the rise to be slower but you deal with the reality.
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gentlemand
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Welt Am Draht
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November 02, 2017, 09:46:19 PM |
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but...can it really go parabolic-er?
You stick with yer wave 5. We'll see you on the other side.
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prophetx
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he who has the gold makes the rules
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November 02, 2017, 09:46:28 PM |
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but...can it really go parabolic-er?
Sure when you see $1000 move in one day. That is not sustainable so would be healthier for the rise to be slower but you deal with the reality. Oh my gawwwddds can u imagine 1000$ swings like riding a bull babbbhyyyy!!! Yyyyeeeeaaatr
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Ludwig Von
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November 02, 2017, 09:47:03 PM |
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"Coinbase Adds A Record 100,000 Bitcoin Traders In One Day"
zerohedge...its in your bookmarks
A wave is coming... That 's Dimon 's employees coming to sell their stash... . To their CME customers... .
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BlindMayorBitcorn
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November 02, 2017, 09:49:43 PM |
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but...can it really go parabolic-er?
You stick with yer wave 5. We'll see you on the other side. And stop listening to duck people. lol
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