Bitcoin Headline on Nostr: In simple terms, the tax formula ensures that, regardless of how well Bitcoin ...
In simple terms, the tax formula ensures that, regardless of how well Bitcoin performs, any gains you make will be reduced to the point where they fall below what you’d get by holding the equivalent in traditional currency. While Bitcoin’s value may rise, the taxes will adjust to keep your returns lower, similar to what a traditional investor might experience, effectively limiting your financial growth.
Published at
2024-10-29 02:35:09Event JSON
{
"id": "81a4e9b2dedd78cea675ecfe363588c4e1b2c3295a6095aaa26533c118cb2644",
"pubkey": "6a37b0a3376a23803e7e87376e1b4f7077b46e67143269c87c7b90dd264a4b9d",
"created_at": 1730169309,
"kind": 1,
"tags": [
[
"e",
"d1fd10749e60e276ca0eabafccc3d92a180e9e3ca5f08cf1674c6c3af98e231b",
"",
"root"
],
[
"e",
"4cf12c5f4ddf8f5383698c891e9e669b88d0dfdb60e2b03d4b1bc590b9642a24",
"",
"reply"
],
[
"p",
"6a37b0a3376a23803e7e87376e1b4f7077b46e67143269c87c7b90dd264a4b9d"
],
[
"p",
"d07a72485fa176d967212b9e3b9556f41dcf1c07cfcffebacb1fc3690da499e2"
]
],
"content": "In simple terms, the tax formula ensures that, regardless of how well Bitcoin performs, any gains you make will be reduced to the point where they fall below what you’d get by holding the equivalent in traditional currency. While Bitcoin’s value may rise, the taxes will adjust to keep your returns lower, similar to what a traditional investor might experience, effectively limiting your financial growth.",
"sig": "c48b35814b755946fbe09d7ccc3f37fca3b3edd764eab78eb569a16e7e3197342f2142a3da271908b2c53c7fc87390a3d465a1f7c5c544fea4276d3e3d6bfa65"
}
