thimbronion: !ticker xbtusd
lekythion: Kraken XBTUSD: 54684.20000
billymg: oh neat, 40% capital gains tax now (if/when it goes into effect)
thimbronion: Yeah if you decide to make over 1M
thimbronion: Which I guess no one will now
billymg: they've already floated idea of "tax 'unrealized' gains" so i'm sure that will be the next step if too many maneuver to avoid this one
billymg: IRS also now arresting non-US citizens (not even former citizen, as in the case of the Liberty Reserve guy -- not sure if this is new or just new to me)
billymg: or, in case of the 1M threshold, print to the point where one needs that to live each year
asciilifeform: billymg: see historic example, 'alternate minimum tax'
asciilifeform: billymg: re latest whatevernonsense.onion arrest -- somehow teaches nothing to the next gen of tormonkeys
snsabot: (asciilifeform) 2020-07-19 asciilifeform: shinohai: it entertains me that incidents like the linked item have 0 measurable effect on vpnism enthusiasts. ( rather like e.g. n-th, n+1st, ... , 'silkroad' trials had similarly 0 effect on the tor smokers )
asciilifeform: re 'not even former citizen' -- could dispute; says right there, 'of russia and sweden'. sweden is reich territory.
billymg: asciilifeform: ah, right, the swedish half. and in any case made the mistake of traveling to california, which is where he got picked up
asciilifeform: observe that these folx are only ever picked up when (why? ask'em, not me) they set foot on reich soil.
asciilifeform: http://logs.nosuchlabs.com/log/alethepedia/2021-04-28#1002515 << i for one am very curious re how -- even in principle -- reich might 'tax unrealized gains'. say gold--usd goes up, and you have gold teeth in yer mouth -- do you owe? what if haven't any money ?
snsabot: Logged on 2021-04-28 19:32:48 billymg: they've already floated idea of "tax 'unrealized' gains" so i'm sure that will be the next step if too many maneuver to avoid this one
billymg: asciilifeform: if i had to guess i'd imagine it would be implemented automatically on all "retail" brokerage accounts and various goxes
asciilifeform: billymg: i still can't picture this : say btc goes to 1m tonight, then comes back to 1$. you owe a % of 1m? with what will pay ?
billymg: in my head it would be whatever it was at midnight dec 31st
asciilifeform: and if it's 1m? and on jan1 next day, 1$ ?
billymg: heh, they would liquidate their 40% "share" of your btc, and the next morning you'd be left with 60% of now $1 btc
asciilifeform: (and if there's a forced sale involved, who are the buyers to be?)
billymg: tough break, better luck next year
asciilifeform: billymg: this is already baked, it's called usd in my shirt pocket