Trying to understand quantum physics questions

[Space Lynx]

So they hardfork to something quantum resiliant. That wouldn't even be hard...

sounds good to me, as long as they steadily keep increasing the taxes on ya I'm happy. they just increased taxes somewhat last year to help pay for the infrastructure bill, you all will find out real soon when you do your taxes

 

[R-T-B]

sounds good to me, as long as they steadily keep increasing the taxes on ya I'm happy. they just increased taxes somewhat last year to help pay for the infrastructure bill, you all will find out real soon when you do your taxes

They can't tax beyond profit earned, so fine by me.

 

[Space Lynx]

They can't tax beyond profit earned, so fine by me.

depends how much it crashes after you pay your initial taxes. lol

 

[R-T-B]

depends how much it crashes after you pay your initial taxes. lol

That's assuming I hold at tax time, which would be dumb IMO.

 

[Space Lynx]

That's assuming I hold at tax time, which would be dumb IMO.

pretty sure it doesn't work that way. if you use coinbase, coinbase will send you a tax form for all your tax dealings on crypto the previous year, has nothing to do with w.e the current price is to my knowledge. you will find out soon enough anyway. if it does work the way you are saying it works, then that is the reason bitcoin crashed right around tax time, and is a major loophole... and also means bitcoin will rise after tax season is over in April... I'm pretty sure capital gains tax doesn't work that way but I have no idea honestly. you all will find out soon enough like I said. lol if you are right though, then yeah that means the #antiwork movement might as well continue cause life is just a scam at that point for the rich to live well and the rest of us to be worker bees, in which case fuck it all hope all the rich people have fun when they can't find workers to stock grocery store shelves. nom nom!

but we are way off topic at this point... so...

 

[R-T-B]

pretty sure it doesn't work that way. if you use coinbase, coinbase will send you a tax form for all your tax dealings on crypto the previous year, has nothing to do with w.e the current price is to my knowledge.

It has to do with your net gains for that year man. Calculate what each transaction gained you, and tax (rate depends on what you were doing, there is software to sort it all out). Only gains are taxable. If you lost money, you can likewise write it off as a loss. I've done my taxes before and read the updated guidance.

 

[Space Lynx]

It has to do with your net gains for that year man.

ah so Andy from The Office was right, capital gains tax won't ever be fair until its taxed as an earned income... so it is all a scam. lol no wonder millions are giving up finally. tent life doesn't sound so bad, might just say fuck it all myself

 

[R-T-B]

I mean what do you want them to do, tax money we didn't make?

It's not really capital gains exactly, because the margins with which you must start paying are MUCH lower. I think you'd have to be living on welfare to escape crypto tax (in which case, use your money to buy food, not crypto)

EDIT: Wait, this is a quantum physics thread... what kinda interdimenional offtopic shit is this...

 

[Space Lynx]

I mean what do you want them to do, tax money we didn't make?

It's not really capital gains exactly, because the margins with which you must start paying are MUCH lower. I think you'd have to be living on welfare to escape crypto tax (in which case, use your money to buy food, not crypto)

meh do as you please, at least my conscious is clear I am not contributing to unnecessary carbon emissions for short term greed. we were at a tipping point before crypto, and crypto is enough to send us over the edge, as well as the lack of RND into hyperloop for re-defining transportation systems.

 

[R-T-B]

My conscious is clear other than not reading the thread title. All the best.

 

[Space Lynx]

My conscious is clear other than not reading the thread title. All the best.

my electricity comes from a coal power plant, yours comes from hydro, so i actually am doing more harm than you by playing games or even watching tv. but none of it matters, humans had their chance, not much longer... less than ten years I expect and we will see mass famine and mass migration, possibly within the billions, depends how reliable the Himalayan mountain weather patterns stay. LOL

human hubris knows no bounds