As much as I hate taxes, they’re great at forcing the HODL. Right now the incentive to HODL is 35% in CA. Just imagine how much HODLing everyone will do when taxes are 55%. If you want #Bitcoin, better buy it now before it’s too expensive to sell. Biden understands this.

6:16 AM · Apr 30, 2021

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Replying to @jespow
It is OK, I can drive to Cheyenne to physically knock on the doors of my Kraken Data Center Exchange, Avanti Wallet. I will be fine.
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Replying to @jespow
You have a point, but have you ever heard of tax havens? The maximum tax rate for crypto capital gains is 55% in Japan but people just move to Singapore or Malaysia and sell there.
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How? No exit tax? Sounds like tax evasion
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Replying to @jespow
Come to Texas Jesse! (Doesn’t solve federal but much better than California)
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What about Puerto Rico? 0% fed!
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Replying to @jespow
The only nerds that want higher taxes suck at making money. So I am definitely not the smartest dude in the room and even I figured out how to make money😂😂
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Replying to @jespow
Yes agree, but is there any outlook from exchanges to offer innovative instruments such as lending, interests, etc., so your #bitcoin doesnt need to be sold?
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Are you kidding? @NexoFinance
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Replying to @jespow
Taxation is theft.
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Replying to @jespow
Let’s see, if the selling creates a US tax event, and the tax rate is really high for one of the largest economies the world, can we expect this to be a drag on the BTC price?
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