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jgbtc
@jgbtc
My wife thinks at some point the US government will drastically increase cap gains on bitcoin, but also offer to buy bitcoin from the public with no cap gains. Interesting theory.
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jgbtc · 70w
The high cap gains would only apply to selling on exchanges and using for payment. This way the government would accumulate like mad, at least until hyperinflation set in.
Telluride · 70w
A lot of people are converting their traditional IRAs to Roth with bitcoin with 100% btc. —I mean a LOT of people are doing this. If bitcoin 100x nobody will owe tax since a Roth is pretaxed. I suspect your wife is right. Congress can pass laws to invalidate these rules when the exploit become...