TheBitcoinManual on Nostr: Storytime! 🕰️ So I had to sort out my #taxes for the year and I had an extra ...
Storytime! 🕰️
So I had to sort out my #taxes for the year and I had an extra line item this time around. I normally keep a little bit of cash in a savings account just for rainy days, liquidity issues and as a buffer so I never have to dip into my Bitcoin
It collects a bit of interest which claims to offset the core CPI locally but clearly doesn't offset the growth in m2, so you're already robbing me, just a little slower than usual.
Normally the tax man didn't bother about it, but as the South African Rand devalues faster and faster the numbers get bigger despite the relative purchasing power not budging much. Now the figures are raised to a point where they want me to pay in 13% of those annual interest payments for the year in taxes too lol
Now I see why people don't save for a down payment for stuff and just take on these stupid high interest rate loans, you're punished either way
If I wasn't in #Bitcoin man I would be so pissed, the normies are really getting shafted
So I had to sort out my #taxes for the year and I had an extra line item this time around. I normally keep a little bit of cash in a savings account just for rainy days, liquidity issues and as a buffer so I never have to dip into my Bitcoin
It collects a bit of interest which claims to offset the core CPI locally but clearly doesn't offset the growth in m2, so you're already robbing me, just a little slower than usual.
Normally the tax man didn't bother about it, but as the South African Rand devalues faster and faster the numbers get bigger despite the relative purchasing power not budging much. Now the figures are raised to a point where they want me to pay in 13% of those annual interest payments for the year in taxes too lol
Now I see why people don't save for a down payment for stuff and just take on these stupid high interest rate loans, you're punished either way
If I wasn't in #Bitcoin man I would be so pissed, the normies are really getting shafted