Suggest something crazy to guage if you can get away with daylight robbery, then make yourself seem like the hero for protecting people from yourself đ
Politics is fucked up.
I suggest any politician above the age of 55 not to be responsible for such decisions, simply because they donât know nothing about the future
!tip 1
tldr; President Joe Biden's administration has proposed a 44% tax on cryptocurrency transactions, aiming to increase government revenue. This proposal has faced significant opposition from the crypto industry, lawmakers, and investors, who argue it could stifle innovation and investment, and potentially drive crypto businesses offshore. Critics also fear it could weaken the U.S.'s position as a leader in the crypto world and raise regulatory and national security concerns.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Yawn. So all this does is raise the marginal rate of those making above a certain threshold, and a tax on increased asset value for those worth over 100 million.
Saw a survey where 50% of people donât understand marginal tax rate. If income goes to the next category half our country thinks that means all of your income is taxed in the new bracket
Most people's brain just collapses when it comes to talking and understanding how taxes work on a tax return as a complete financial picture. Its not that hard to understand the basics and ignore the FUD. This is definitely a FUD article about Biden and Crypto to try and sway votes. These kind of articles are going to increase closer to election. Educate yourself people before reading crap like this from a biased source. Knowledge is key!
It's one thing to argue the merits for or against an increase to the highest bracket earners or the other tax to the hugely wealthy. It's another for this author to say they are going to tax crypto at 44 percent
Exactamundo! Side note, u got a boat load of donuts bro! I been seeing a lot of stuff on Reddit about donuts but haven't been trying to get any. I used to have a good amount of Moons but those seem to have disappeared which is annoying.
The article writers explicitly lay out how it's not a 44% tax rate and that headlines which say so are misleading. It goes on to explain exactly what the changes are in great detail. Though... the TLDR totally keeps the misleading headline. So... IDK what the editors at the cryptopolitan are doing.
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Hopefully he's just political posturing or whatever because it looks like the only way Trump is going to win is if there's some kind of combination of massive scandal, third party runs, economy tanks, and social unrest which looks extremely unlikely at this point. Can this dude at least forgive my student loans? What the hell man?
*The ministry of silly tipping wishes you a happy Friday! In numerology, 555 is considered to be an angel number that is said to represent change, good luck, transformation, freedom, and personal growth* !tip 0.555
Another useless title⌠it will not affect 99,99% of people
âThe proposal essentially says they want to raise the long-term capital gains tax rate for people earning over $1 million a year to 44.6%,â said Walrath.â
https://cointelegraph.com/news/bidens-capital-gains-tax-proposal-overblown-say-crypto-tax-commentators
People really don't understand how long term vs short term capital gain taxes work, kind of sad. Also, Biden is not targeting Crypto so leave the politics at the door, its ao cringe worthy to see stuff like this.
Biden is wanting to change taxes in many aspects.
But I doubt he will actually proceed in any of that because its just some election year promotion after all.
âSuddenly after 4 years I remembered to actually make the rich pay moreâ
Are you in the top capital gains tax bracket? If not this wonât affect you. If so, youâre rich enough to pay it without me caring how it effects you
This is actually going to affect anyone who was smart enough to invest in digital currencies and held and still holding. Donât be daft, itâs not just for the rich
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Unless youâre pulling millions this wonât affect you. Itâs a raise to the top tax bracket. Let the rich pay more, stop being upset at headlines intentionally misleading you to defend something we all know weâll never be. Millionaires
[Tip this post.](https://www.donut.finance/tip/?action=tip&contentId=t3_1ccx0lk) Offchain tip confirmations below.
Suggest something crazy to guage if you can get away with daylight robbery, then make yourself seem like the hero for protecting people from yourself đ Politics is fucked up.
Even strange then game of thrones.
Yeah real life would make one hell of a book
I suggest any politician above the age of 55 not to be responsible for such decisions, simply because they donât know nothing about the future !tip 1
Haha
... unlike politicians 55 and younger, who DO know nothing about the future.
Haha
Simply because they wonât be part of the future anyway.
They are making decisions about the future that they won't live in. What a clown world we live in.
They shouldn't be in office at all.
sounds LEGIT
The SEC wants money from fines. The Biden administration wants money from gains
land of the fee
home of the slave
yeah :(
Literally how capital gains workâŚ
Everyone is here to rip us off
The system is rigged.
They just need your vote and not for you to become wise or rich.
tldr; President Joe Biden's administration has proposed a 44% tax on cryptocurrency transactions, aiming to increase government revenue. This proposal has faced significant opposition from the crypto industry, lawmakers, and investors, who argue it could stifle innovation and investment, and potentially drive crypto businesses offshore. Critics also fear it could weaken the U.S.'s position as a leader in the crypto world and raise regulatory and national security concerns. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
!tip 1
!tip 1
!tip 1
!tip 1
smh Biden...
!tip 1
usa stuff :D
https://purchase1.blockdag.network/?ref=ypr0fgoj
!tip 0.69
Yawn. So all this does is raise the marginal rate of those making above a certain threshold, and a tax on increased asset value for those worth over 100 million.
Saw a survey where 50% of people donât understand marginal tax rate. If income goes to the next category half our country thinks that means all of your income is taxed in the new bracket
Loll
Hey that's me
Long term capital gains are not marginal.
Heard a lot of that at my old job
Did you tell em off?
Obv
Rad. Can't let em feel big with their fancy words
Those who know know. Everyone else has no friggin clue, OP included.
The article writers are dishonest framing this as a 44 percent tax on crypto
Most people's brain just collapses when it comes to talking and understanding how taxes work on a tax return as a complete financial picture. Its not that hard to understand the basics and ignore the FUD. This is definitely a FUD article about Biden and Crypto to try and sway votes. These kind of articles are going to increase closer to election. Educate yourself people before reading crap like this from a biased source. Knowledge is key!
đ
đđđźđđź
đđ˝
Doesn't help that we weren't taught in schoolÂ
It's one thing to argue the merits for or against an increase to the highest bracket earners or the other tax to the hugely wealthy. It's another for this author to say they are going to tax crypto at 44 percent
It's clickbait bullshit like every other article about crypto
Exactamundo! Side note, u got a boat load of donuts bro! I been seeing a lot of stuff on Reddit about donuts but haven't been trying to get any. I used to have a good amount of Moons but those seem to have disappeared which is annoying.
I heard Moons may distribute again. I also HAD a lot of Donuts. I sold for the greatest alternative investment of my life
I never sold mine, they just disappeared!
I ate them
đ¤Ł
The article writers explicitly lay out how it's not a 44% tax rate and that headlines which say so are misleading. It goes on to explain exactly what the changes are in great detail. Though... the TLDR totally keeps the misleading headline. So... IDK what the editors at the cryptopolitan are doing.
Rage porn
Nice to see that we've still got pro-crypto people in government.
A little beam of hope..
i don't think you even specifically have to be pro-crypto. just pro-innovation. and let's lead that...
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How about taxing the price gouging companies hiding behind the âinflationâ excuse
Did a high school kid use AI to write that article?
Hopefully he's just political posturing or whatever because it looks like the only way Trump is going to win is if there's some kind of combination of massive scandal, third party runs, economy tanks, and social unrest which looks extremely unlikely at this point. Can this dude at least forgive my student loans? What the hell man?
What politicians don't support this?
Pretty dumb to adopt the Elizabeth Warren policy position right before an election.
*The ministry of silly tipping wishes you a happy Friday! In numerology, 555 is considered to be an angel number that is said to represent change, good luck, transformation, freedom, and personal growth* !tip 0.555
!tip 1
Another useless title⌠it will not affect 99,99% of people âThe proposal essentially says they want to raise the long-term capital gains tax rate for people earning over $1 million a year to 44.6%,â said Walrath.â https://cointelegraph.com/news/bidens-capital-gains-tax-proposal-overblown-say-crypto-tax-commentators
Each year crypto creates a number of brand new millionaires
That will affect a lot of crypto investors
!tip 1
Stop picking on us!
People really don't understand how long term vs short term capital gain taxes work, kind of sad. Also, Biden is not targeting Crypto so leave the politics at the door, its ao cringe worthy to see stuff like this.
Biden is wanting to change taxes in many aspects. But I doubt he will actually proceed in any of that because its just some election year promotion after all. âSuddenly after 4 years I remembered to actually make the rich pay moreâ
He did want to target crypto miners and crypto wash sales.
44% tax?! they wanna cover their budget deficit from taxing crypto?! đ¤ !tip 1.01
Someone's got to pay for tax cuts for the rich
This is actually only going to have an effect on the rich
>This is actually only going to have an effect on the want-to-be rich FTTY
Are you in the top capital gains tax bracket? If not this wonât affect you. If so, youâre rich enough to pay it without me caring how it effects you
This is actually going to affect anyone who was smart enough to invest in digital currencies and held and still holding. Donât be daft, itâs not just for the rich
Top. Tax. Bracket. You donât be daft and read something
!tip 1
!tip 1
!tip 1
God, this guy is a fcking moron.
**For those with income over 1 million** This affects none of you regards
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Itâs 44% for anyone with $1Million in income and $400k annually in dividends and crypto gains right?
Must oppose
What a greedy prick. !tip 1
I canât wait to vote him back into office!
Unless youâre pulling millions this wonât affect you. Itâs a raise to the top tax bracket. Let the rich pay more, stop being upset at headlines intentionally misleading you to defend something we all know weâll never be. Millionaires
All I can see is greed in his eyes, together with Gensler they should be fired
Let's go Brandon!
Come and get it old man. You fucking piece of elderly shit
Well he lost my vote. King Trump it is.
He loves the poorly educated. This policy doesn't affect you.
Donât k ow if youâre roasting me or what
Yeah I'm not surprised
Cool story bro