telluride on Nostr: A lot of people are converting their traditional IRAs to Roth with a100% btc ...
A lot of people are converting their traditional IRAs to Roth with a100% btc allocation.
—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 becomes this severe.
Interesting times.
🧡🍻👊🏻
—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 becomes this severe.
Interesting times.
🧡🍻👊🏻
quoting note1373…eq8eMy 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.