Richy_T
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Activity: 2478
Merit: 2154
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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April 22, 2021, 09:53:26 PM |
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I never really got this though: if the tax is fixed, why would you want to postpone paying the tax, if you have to pay it eventually anyway? Unless you're hoping for the tax to go down.
There are often allowances and sometimes longer time invested means lower tax.
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Biodom
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Activity: 3808
Merit: 4062
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April 22, 2021, 09:57:39 PM Last edit: April 23, 2021, 01:06:41 AM by Biodom |
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I don't understand this. Rather than pay a (yet to be proposed) higher capital gains tax, Americans would pull their money out of the markets right now and put it into what? Is the plan to make no capital gains in the future?! We don't have a capital gains tax, but as far as I understand you'd pay the current tax if you withdraw now.So, if you gained $100 and tax is 20%, you owe $20 in taxes now if you realize the gains. Then you start from scratch with no gains, and taxes go up to 40% only on your future gains (not on your past gains). I never really got this though: if the tax is fixed, why would you want to postpone paying the tax, if you have to pay it eventually anyway? Unless you're hoping for the tax to go down. of course, no, it would be made retroactive to Jan 1, 2021, otherwise there will be gigantic tax-related selling over the rest of 2021. why postpone paying the tax? because if you sell, whatcha going to do with 60% that is left. Invest again? lol Besides, you can spread it out over the years.
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Torque
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Activity: 3612
Merit: 5107
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April 22, 2021, 10:24:59 PM Merited by JayJuanGee (1) |
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All this talk about cap gains increasing. Ya'll need to chill.
1. The proposal is a cap gain increase for those making over $1M/year in income. Average Joes unaffected.
...and it doesn't even matter, because...
2. It'll never, ever, ever, ever, ever, ever pass. Won't even make it to the floor. It's all just talk. Why? Because the politicians are beholden to the very elite that this would affect, that's why.
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lightfoot
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Activity: 3136
Merit: 2243
I fix broken miners. And make holes in teeth :-)
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April 22, 2021, 10:27:21 PM |
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Which means there is a fire sale for bitcoin going on RIGHT NOW!!!!!!!!!!!!!!!!!!
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OutOfMemory
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Activity: 1596
Merit: 3157
Man who stares at charts
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Who expected the price not to go down after i bought? I'm just a little annoyed that i didn't buy later.
In my mind, the following scene goes on and on:
Joe: "Fuck! Saylor, Musk, even my dickhead son bought a ton of bitcoin at prices lower than $20k. Now i have to fucking fomo-buy in at almost $60k, or what?!" Janet: *raises hand*
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Biodom
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Activity: 3808
Merit: 4062
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April 22, 2021, 11:19:23 PM |
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Who expected the price not to go down after i bought? I'm just a little annoyed that i didn't buy later.
In my mind, the following scene goes on and on:
Joe: "Fuck! Saylor, Musk, even my dickhead son bought a ton of bitcoin at prices lower than $20k. Now i have to fucking fomo-buy in at almost $60k, or what?!" Janet: *raises hand*
Joe B. and Yellin' Janet? lol
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OutOfMemory
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Activity: 1596
Merit: 3157
Man who stares at charts
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April 22, 2021, 11:22:12 PM |
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Who expected the price not to go down after i bought? I'm just a little annoyed that i didn't buy later.
In my mind, the following scene goes on and on:
Joe: "Fuck! Saylor, Musk, even my dickhead son bought a ton of bitcoin at prices lower than $20k. Now i have to fucking fomo-buy in at almost $60k, or what?!" Janet: *raises hand*
Joe B. and Yellin' Janet? lol Yep EDIT: A quick green vape and off to bed. Bitcoin, surprise me in the morning, will ya?
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BobLawblaw
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Neighborhood Shenanigans Dispenser
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April 22, 2021, 11:49:17 PM Merited by JayJuanGee (1) |
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it is too late as they will make it retroactive to Jan 1, 2021
That's not how this works. That's not how any of this works. Stop spreading FUD.
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Hueristic
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Activity: 3864
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Doomed to see the future and unable to prevent it
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April 22, 2021, 11:53:11 PM Merited by JayJuanGee (1) |
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Widely used forensic software can be exploited to infect investigators' computers. https://arstechnica.com/information-technology/2021/04/in-epic-hack-signal-developer-turns-the-tables-on-forensics-firm-cellebrite/For example, by including a specially formatted but otherwise innocuous file in an app on a device that is then scanned by Cellebrite, it’s possible to execute code that modifies not just the Cellebrite report being created in that scan, but also all previous and future generated Cellebrite reports from all previously scanned devices and all future scanned devices in any arbitrary way (inserting or removing text, email, photos, contacts, files, or any other data), with no detectable timestamp changes or checksum failures. This could even be done at random, and would seriously call the data integrity of Cellebrite’s reports into question.
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seljo
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Activity: 1178
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Hodling since 2011.®
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April 23, 2021, 12:06:51 AM |
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Widely used forensic software can be exploited to infect investigators' computers. https://arstechnica.com/information-technology/2021/04/in-epic-hack-signal-developer-turns-the-tables-on-forensics-firm-cellebrite/For example, by including a specially formatted but otherwise innocuous file in an app on a device that is then scanned by Cellebrite, it’s possible to execute code that modifies not just the Cellebrite report being created in that scan, but also all previous and future generated Cellebrite reports from all previously scanned devices and all future scanned devices in any arbitrary way (inserting or removing text, email, photos, contacts, files, or any other data), with no detectable timestamp changes or checksum failures. This could even be done at random, and would seriously call the data integrity of Cellebrite’s reports into question. also aesthetics are important In completely unrelated news, upcoming versions of Signal will be periodically fetching files to place in app storage. These files are never used for anything inside Signal and never interact with Signal software or data, but they look nice, and aesthetics are important in software. Files will only be returned for accounts that have been active installs for some time already, and only probabilistically in low percentages based on phone number sharding. We have a few different versions of files that we think are aesthetically pleasing, and will iterate through those slowly over time. There is no other significance to these files.
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shahzadafzal
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Activity: 1596
Merit: 2986
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April 23, 2021, 12:44:08 AM |
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Where are those who were poking her at $64k?
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BitcoinBunny
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Activity: 1512
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April 23, 2021, 01:50:11 AM |
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Don't tell me we are going to lose 50.... Edit: It dipped below for just a minute it seemed. $50,600 level seems pretty strong with these bounces mostly. Many alts doing far worse of course.
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shahzadafzal
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April 23, 2021, 01:57:15 AM |
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Who’s pulling the rug?
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BobLawblaw
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Neighborhood Shenanigans Dispenser
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April 23, 2021, 02:05:58 AM |
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Yeah, well... like... just.. you know?
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DaRude
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In order to dump coins one must have coins
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April 23, 2021, 02:23:14 AM Merited by JayJuanGee (1) |
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I like how you conveniently left out "...for those Americans earning more than $1 million" part, is that what they call fake news?? Let's see, looks like there were 154,094,555 Individual income tax filed, out of those 541,410 is the Number of returns with AGI $1M or more (TY 2018). If my maths are right that's only 0.3% of tax returns. https://www.irs.gov/statistics/soi-tax-stats-tax-stats-at-a-glanceNow i'm sure that there are a lot of issues with taxation etc, but tell me again how the fuck shit that's only effecting top 0,3% is what we're supposed to worry about? What if it was only effecting those hedge fund owners making over $10MM/yr, would you still feel the need to protect them? 154,094,555 Individual income taxes, collected $1,942,182MM, that's an average of $12603/return. Worst case, single filer with no dependents and standard deductions would need to earn over $89k/yr to be a net contributor. I feel for Bob and his ranch, but perhaps he can limiting his cap gains to $999k/yr for few years and the point is moot
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Sayeds56
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Activity: 1344
Merit: 723
Eloncoin.org - Mars, here we come!
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April 23, 2021, 02:25:40 AM |
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Which means there is a fire sale for bitcoin going on RIGHT NOW!!!!!!!!!!!!!!!!!!
https://www.youtube.com/watch?v=0LhQjO_Lyqc
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BitcoinBunny
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April 23, 2021, 02:30:04 AM |
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I like how you conveniently left out "...for those Americans earning more than $1 million" part, is that what they call fake news?? Let's see, looks like there were 154,094,555 Individual income tax filed, out of those 541,410 is the Number of returns with AGI $1M or more (TY 2018). If my maths are right that's only 0.3% of tax returns. https://www.irs.gov/statistics/soi-tax-stats-tax-stats-at-a-glanceNow i'm sure that there are a lot of issues with taxation etc, but tell me again how the fuck shit that's only effecting top 0,3% is what we're supposed to worry about? What if it was only effecting those hedge fund owners making over $10MM/yr, would you still feel the need to protect them? 154,094,555 Individual income taxes, collected $1,942,182MM, that's an average of $12603/return. Worst case, single filer with no dependents and standard deductions would need to earn over $89k/yr to be a net contributor. I feel for Bob and his ranch, but perhaps he can limiting his cap gains to $999k/yr for few years and the point is moot What do you mean I left that out, I'm not a "reporter" (whatever that actually means these days). Is $1 million mentioned in every headline? Nope. I doubt they'd get away with 43% even on that level. But even 28% above or below would make me think a bit more about selling whatever asset I would have. Moreover even at $1 million it could set a precedent that they may come after smaller values later. If you believe the details will keep you safe you have nothing to fear. Many headlines are designed for FUD or clickbait, I agree with that. There are plenty hodlers with at least multiple coins eyeing a $1 million level per coin and it would obviously concern them IF they sell.
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DaRude
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Activity: 2833
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In order to dump coins one must have coins
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April 23, 2021, 02:35:53 AM Last edit: April 23, 2021, 02:51:28 AM by DaRude Merited by JayJuanGee (1) |
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I like how you conveniently left out "...for those Americans earning more than $1 million" part, is that what they call fake news?? Let's see, looks like there were 154,094,555 Individual income tax filed, out of those 541,410 is the Number of returns with AGI $1M or more (TY 2018). If my maths are right that's only 0.3% of tax returns. https://www.irs.gov/statistics/soi-tax-stats-tax-stats-at-a-glanceNow i'm sure that there are a lot of issues with taxation etc, but tell me again how the fuck shit that's only effecting top 0,3% is what we're supposed to worry about? What if it was only effecting those hedge fund owners making over $10MM/yr, would you still feel the need to protect them? 154,094,555 Individual income taxes, collected $1,942,182MM, that's an average of $12603/return. Worst case, single filer with no dependents and standard deductions would need to earn over $89k/yr to be a net contributor. I feel for Bob and his ranch, but perhaps he can limiting his cap gains to $999k/yr for few years and the point is moot What do you mean I left that out, I'm not a "reporter" (whatever that actually means these days). Is $1 million mentioned in every headline? Nope. I doubt they'd get away with 43% even on that level. But even 28% above or below would make me think a bit more about selling whatever asset I would have. Moreover even at $1 million it could set a precedent that they may come after smaller values later. If you believe the details will keep you safe you have nothing to fear. Many headlines are designed for FUD or clickbait, I agree with that. There are plenty hodlers with at least multiple coins eyeing a $1 million level per coin and it would obviously concern them IF they sell. Well full title is "Biden to propose capital gains tax of 39.6% to fund education and child care, reports say". So your question is how Biden lovers here can love him when he proposes to raise taxes on top 0.3% of millionaires to fund education and child care? As much as i think tax system is screwed up i'm really having a hard time finding sympathy for top 0.3%, somehow i think they'll manage Edit: The top 1% now own more wealth than the bottom 92%, and the 50 wealthiest Americans own more wealth than the bottom half of American society – 165 million people. https://www.theguardian.com/commentisfree/2021/mar/29/rich-poor-gap-wealth-inequality-bernie-sandershttps://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_StatesCan you tell how much top 0.3% own that we're supposed to feel bad about, and protect them from rising taxes?
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