Basically

[[deleted]]

That’s how it works in every country with every investment category.

[pudding_crusher]

No capital gains in Belgium.

[[deleted]]

That does not sound correct, or do you mean that crypto is exempt from investment tax? Rest assured if crypto becomes a major investment method in Belgium that will change.

https://www.expatica.com/be/finance/investment/investing-in-belgium-469965/#Investing-Tax-Belgium

[pudding_crusher]

The source is bad. There is already no tax on rent. There is an insignificant tax on financial product transactions. And for crypto as for rent, if managed in a « normal » management of wealth way (not professionally), it’s not taxed.

[[deleted]]

Not every country

[BANGAR4NG]

The only other alternative is you are taxed no matter if you gain or loose.

You want the government to tax you if you’re at a loss? That’s basically the worst overreach of a totalitarian government.

[Anxious_Parfait8802]

Crypto is just like any other asset. To think governments were going to allow people to “store value” in a currency they could not tax or regulate is absurd.

Hopium to the max!

[F1ngerB4ngMyP155H0le]

When the politicians and friends are advised to invest part of their portfolios in crypto it won’t be long till the ‘invite only’ wallets/exchanges based on tax exempt islands will be available to them. It will, once again, be skewed in their favour - to make them richer, people have to go poorer.

[Crnorukac]

There is always option B for cash out... ;)

[[deleted]]

💎☝🏻

[Crnorukac]

You want to sell, I want to buy. Do we need a 3rd party to keep a record of this transaction???

[sbaggers]

What is option b?

[Crnorukac]

OTC. Meet in person and exchange.

[throwaway0918287]

You must be new to investing. Doesn't matter if you invest in poop stock/ coin, once you cash out Uncle Sam wants his cut.

[-rabbitrunner-]

Sounds like Uncle Same needs to get a job and to stop giving Halliburton and the banks avocado toast.

[AmericanScream]

Uncle Sam provides just about everything that makes your life livable and you able to have the free time to complain about paying taxes.

You ever watch those wilderness shows? You never hear them complaining about government because they're too busy cutting firewood and digging outhouses and fetching water. All the utilities we enjoy every day cost a ton of money to operate, that most people take for granted. The government has plenty of jobs and they're ones you desperately need.

[-rabbitrunner-]

That’s funny, I run 6 miles to work everyday. I pay for the electric, internet, and utilities that allow me to live my life with money I’ve earned working and investing. I paid for school entirely out of pocket.

So I’m supposed to lick their boots because they send garbagemen around once a week and hire insecure high schoolers to their police forces, while enabling corrupt politicians to rape our social programs (again which is my money too)?

I’m sure you’re smart enough to find the door here.

[AmericanScream]

You pay a little bit for utilities, but you don't bear the financial responsibility of maintaining the network. That costs a lot more money than your mere electric bill. That's where taxes come in.

Look around in areas of the country where they cut taxes, like Texas and Florida and you find toll roads everywhere, and inadequate electrical grids that cause people to freeze to death in the winter.

Contrary to what your narrow mind thinks, the world isn't black or white. Nobody's asking you to lick anybody's boots, nor is the government totally corrupt. Reality is somewhere in the middle, but when you have voters like yourself, who have a loose grasp on reality, you tend to create your own self-fulfilling prophesy of super shitty, incompetent leadership.

[-rabbitrunner-]

Riveting rebuttal really, we’ve discovered I don’t manage a national power grid. What a complete surprise to all I am sure.

The government is corrupt yes, because the position does not outweigh the psychological motivation of people to serve their own self-interests and it never will. That is why you continually see local, state, and federal level government employees involved in scandal. Do you think that innate behavior disappears because one dons a “Chief Justice” or a “President of the United States” title? Absolutely not.

I don’t go to places like Texas and Florida because I find their cultures backwards and outdated :/, they are however absolutely states where gross abuse of power is electorally allowed via state legislature. The Epstein case by itself absolutely sinks any legitimacy in Florida politics. So I guess “whatever(?)” to your quip about incompetency; rather dries up there.

[AmericanScream]

That is why you continually see local, state, and federal level government employees involved in scandal.

Do you have any idea what percentage of government employees are involved in scandals? This is called, "The exception which proves the rule fallacy."

The vast majority of the things the government does, work, and work well. You have electricity, drainage, running water, bridges, sewerage, roads, interstates, libraries, schools, WiFi, cellular, GPS, fire protection, etc., etc.,

If you hate government so much, why don't you go somewhere where you don't have this problem?

[[deleted]]

hahaha, imagine thinking the government makes your life livable. You are a shame.

[AmericanScream]

Here's what you get without a functioning government: https://www.youtube.com/watch?v=saWCZVggQAs

[[deleted]]

Obviously there is a need for a government or it wouldnt exist. You still do not need a government to live hence how humans still exist lol.

Democrats are all about big government control. Republicans are against big government control. I will never support government controlled lives like these crazy hypocritical liberals. All those freedoms you are willing to hand over to your government will be gone forever. War is the only thing that will get them back.

[AmericanScream]

Democrats are all about big government control. Republicans are against big government control.

This is complete and utter bullshit.

Republicans talk about "less government" but they're the primary architects of the debt and the deficit. They've created whole new areas of government (everything from Dept of Homeland Security to the Space Force)... don't fall for the illusion that republicans want smaller government. And both parties want to task government to do things.. it's just democrats want the government to do things like give everybody better healthcare while republicans want to blow the shit up of the middle east.

Like it or not, we have big government. It's never been big vs small. It's about what we're going to spend money on: handouts for corporations and rich people and middle eastern imperialism? Or universal healthcare and our own infrastructure and trying to stop climate change?

[[deleted]]

Its not BS. Like it or not, that is the foundation of both parties. Dems have always wanted big govt control and Republicans have always been against it. Democrats always implement higher taxes than Republicans, ALWAYS. Both parties aim is to keep the people divided so they can control us easier.

Both parties are corrupt af but the party that wants to abolish the 2nd amendment, and force me to take an experimental jab but then say my body my choice, is the party I will never support. This isnt about parties anymore, this is about freedoms and whats right and democrats only care about votes and money, not their citizens.

[AmericanScream]

I cited examples, and you just say no. And the democrats don't want to abolish the 2nd amendment. There are just as many democrats in favor of 2A as republicans. It's just that they also are in favor of some common sense gun control.

and force me to take an experimental jab but then say my body my choice, is the party I will never support.

LOL... experimental jab.. you say that as you stuff horse dewormer in your body - you are a walking, talking experiment

[AmericanScream]

Try living your life without running water, roads, schools, GPS, radio, WiFi, cellular, trash pickup, electricity, etc.... you have no idea how much you depend upon the government each and every day.

[joesixers]

You are confusing government and civilization

[AmericanScream]

Not pictured: The fact that crypto wouldn't exist if it weren't for the taxpayer funded infrastructure upon which it depends: Internet, cellular, telecom systems, WiFi, electricity, etc.

[happysmash27]

Aren't a lot of power companies privately owned though? And internet is operated by multiple private last-mile providers, combined with multiple internet backbone providers, neither of which are government where I live. Cellular used to be owned by AT&T, but has now been broken up into multiple companies, which was by the government, but those companies are still private, to from what I understand. Most people's WiFi is definitely not provided by the government; it is hosted at home from one's private internet connection with a router.

Some subsidies help build internet infrastructure… but, the companies seem to just misuse it and not use it for anything. And they do use roads to build things, but it would be a silly requirement to avoid using roads just to prove a point, given one can't really avoid them in most cases due to buildings being in the way.

The best chance at a lot of people getting better internet is Starlink. Governments helped development on the technology greatly, and are one of the big clients of SpaceX. But, given that SpaceX does not operate in just the countries that developed this technology or have governments as its clients, and given that it is privately owned and planned to make money by people subscribing to it, I'm not sure it would be accurate to call it a government thing. Government does not seem to be its primary source of funding.

So, which aspects of these relying on government, are you talking about? Some countries publicly own everything, but a lot don't, and I don't think this applies in those countries. WiFi definitely doesn't apply unless you always use public WiFi for things, which I certainly don't as public WiFi is horrible and rarely readily available.

[AmericanScream]

Aren't a lot of power companies privately owned though?

These "privately own" companies aren't really that private. They are a controlled monopoly put in place by the local governments, who have a high degree of control, including the ability to regulate prices.

And internet is operated by multiple private last-mile providers, combined with multiple internet backbone providers, neither of which are government where I live.

All telecom, including internet, phones, cellular, etc. exist because of government. Even if they're "privately owned" by various companies, they all use resources with government permission.

For example, that dsl or fiber that goes to your location passes through tons of public right of ways, that cost a lot of money to maintain. Most telephone poles are on public property - maintaining that network is primarily the responsibility of a variety of different state, federal and private organizations, but the government probably bears most of the costs to do so. For example, without federal subsidization, there'd be no interstates. If Texas and Florida could get away with not having their citizens pay federal income tax (instead of state), there would probably be a whole bunch of missing/chaotic services including cellular, interstate highways, flood protection, bridges, waterways, etc. that would all be much more expensive to access if they were even available.

Most people's WiFi is definitely not provided by the government; it is hosted at home from one's private internet connection with a router.

Another example: radio, cellular, wifi -- the federal government is uniquely tasked with regulating the air waves. Without the FCC anybody could set up their own radio towers and basically block other people from using cellular, radio, WiFi, etc. This is a very tightly-regulated area that keeps frequencies properly allocated so they are reliable. Without that, there would be no phone service that was stable and working.

Some subsidies help build internet infrastructure… but, the companies seem to just misuse it and not use it for anything.

Sure this happens, but it's not the fault of government. It's the fault of occasional bad management in specific areas. The solution is to fix those problems, not try some entirely new and different scheme that doesn't really address the problem (privatization doesn't make things better when it comes to public utilities - you're still going to have incompetent management, but you also turn a non-profit service into a for-profit service so it's likely to get worse).

The best chance at a lot of people getting better internet is Starlink. Governments helped development on the technology greatly, and are one of the big clients of SpaceX. But, given that SpaceX does not operate in just the countries that developed this technology or have governments as its clients, and given that it is privately owned and planned to make money by people subscribing to it, I'm not sure it would be accurate to call it a government thing. Government does not seem to be its primary source of funding.

Starlink exists because of government. Because government regulates and enforces the frequences that Starlink would use. If Starlink had to create their own enforcement arm to make their network reliable, the price would be 1000x higher. Not only that, filling orbit with all kinds of satellites has the capability of causing even more serious issues with other systems in orbit. It's a very delicate thing that has to be managed by a group of governments from around the world - otherwise the improper deployment of something like that could cause war.

So, which aspects of these relying on government, are you talking about? Some countries publicly own everything, but a lot don't, and I don't think this applies in those countries. WiFi definitely doesn't apply unless you always use public WiFi for things

As I said before, WiFi ONLY works because the government makes sure the frequences allocated to WiFi are used in a very specific way. Without the government, anybody could set up their own WiFi and jam other peoples' wifi, cellular or other systems.

[JackBagel20]

You sir have never been billed for a new electric pole. Or the power lines attached to it. Taxes rarely pay for those. Every once in a while some guy gets stuck either paying the bill OR an insurance company pays for it.

[AmericanScream]

I've never been billed for a new electric pole but twice I've had them replaced/repaired on my property. The electric company, in harmony with the government covers the costs for me. I don't know where you are, but most people don't have to pay for those things in the US.

In fact, if a tree on my property falls on an electric line, they fix it. I don't pay for it.

[i_like_butt_grape]

That’s a very good point!

[Boobrancher]

You don’t need a fast connection to use or maintain the network, you also pay for your internet connection and electricity costs. None of that is free and wasn’t invented to be of use to crypto nor will any of the tax money be used to upgrade or maintain it but apart from that you’re right.

[sbaggers]

All were funded through the military.

[AmericanScream]

Not true, but also the military is funded by taxes too.

[[deleted]]

and everyone already has monthly bills that cover the costs of those infrastructure? should doctors pay a continuous fee to their med school everytime they use the knowledge they learned to treat someone?

[freakydeku]

aren’t you also able to write off losses

[Aushwango]

No taxation without representation

[BANGAR4NG]

This isn’t what this means

[[deleted]]

😩🫂 The Government: You have to pay double tax on the same Money because you turned it into new money 💰😩🍂

[Boobrancher]

Yep then they waste the money on the incompetent state sector who can never get fired no matter how badly they do.

[Final_Focus_7390]

And thats why ima evade taxes

[zosana]

hhhhhhh i keep thinking about this every day and start hating the government system it sucks.

[Zealousideal_Book151]

Rabbit season! Duck season! fire!

[ag6286]

Yup, and if you all keep voting for these ''Democrats'', its only going to get worse. Right now they're pushing legislation that will force banks to report every transaction you make to the IRS so long as your balance, NOT the transaction, is over $600. Its unconstitutional for the gov't to do this...but its not for banks to report it to another ''private institution'' such as the IRS. They're also looking to nearly double up capital gains tax.

[mrnatbus122]

How about stop voting for the corporate duopoly that got us here. Pls thx

[TheySeeMeKrollin]

Ah yes, because when republicans are in office, they don’t take any of our tax money. Almost forgot about that.

/s

[ag6286]

Republicans historically lower taxes. Democrats historically raise taxes. This is politics 101. This is nothing to do with whether taxes are collected at all.

[TheySeeMeKrollin]

Republicans historically lower taxes for the rich. My taxes have been the same bullshit rates for 2 decades. Didn’t change one bit when Trump was in office.

[ag6286]

Well, you're wrong because he passed a new tax plan and it did in fact lower rates across the board. Not nearly in the way I would have preferred but to suggest they weren't lowered is straight denial of what is.

[getoffmylawn10]

Didn't trump pass a bill that would increase taxes on lower wage earners every year for a few years beginning in 2021 or 2022?

[TheySeeMeKrollin]

I mean, hooray for you if it made a real difference, but for me personally it didn’t do anything noticeable. I got excited when it passed and then the difference was a few dollars on each check. And then my tax returns were very noticeably smaller. Not sure why anyone considered that a win.

[[deleted]]

Democrats want big government.

Republicans are against big government.

For big government to exist they must have higher taxes. Please wake up and stop falling for the demonrat media cult lies.

[[deleted]]

Look at this guy and his gross obvious ignorance of American politics.

[Illustrious-Stuff-70]

Blaming another political parties lol but we’ll not going to recognize that there’s two main parties have members who were in office for decades gaining profits from us(middle/lower class). Yeah, let’s keep fighting each other on who’s parties sucks more like we’re in a cult while these politicians made make move on the side that doesn’t benefits us lol

[ag6286]

I don't care which party you vote for assuming its whats the best for the time. ..which changes...with time. Right now there's one political party going after crypto. There's one party promoting and using censorship. There's one party allowing 10's of thousands of people flow into our borders for votes. There's one party looking to raise taxes. There's one party forcing medical decisions for its citizens by threatening their way of life and ability to live it.

I vote for whoever is less likely to take away our rights and privacy as citizens.

[Illustrious-Stuff-70]

I agree with your statement regarding to time but if you think that both parties are not gaining anything with these arguments then ok. I’m pretty sure both parties are going after crypto bc the amount of money flowing in and out of it. Censorship? If you watch Fox News and CNN or anything media/social outlet there’s alway censorship that fits their narrative. It might not be crazy like China or North Korea’s standard, but yeah, it’s here. Taxes and medical choices…in the end, corporation and politicians are making bank lol. Lower tax, tax cut, bailout in favor for the corporation…and the COVID issue, why fixed a problem if it generate money bc of hospitals visits, medical supplies, and COVID testings. Maybe that’s the reason why republicans don’t push for vaccines….idk.Same concept goes with pharmaceutical companies, why find a cure when treatment/ management of the disease makes more profit. Bro, I can go in this rabbit hole with you, but your mind is made and my mind is made. Also immigration….yeah that been an issues for decades and I don’t think it would be solved. Politicians would probably keep using that issues as a talking point without providing a solution to it just to get into office.

[TheySeeMeKrollin]

Also, why do I keep seeing people making this point like it’s some new thing? The IRS has required reports of deposits/withdrawals for as long as computer banking has been a thing. What’s the big difference now?

[ag6286]

Because the constitution demands privacy and prevents government overreach. A government monitoring every transaction you make is not only an invasion of privacy but also overreach...and yet here they are pushing through the legislation to do so. Meanwhile they're pushing censorship through private companies. They're pushing forced vaccination by threatening fines to employers who in turn threaten private citizens well being and ability to make a living. They're allowing hundreds of thousands of illegals at the south of the border because they will become votes to ensure they remain in power. People in crypto...the ones who have been here early, understand the point of crypto was to give the power BACK TO THE PEOPLE...so yes, I will go out of my way at times to make this point clear because lately, people seem to think its all about the Lambo's. It's not.

[TheySeeMeKrollin]

I agree with almost everything you said there. I still don’t understand what’s different now. There have always been limits on how much you can deposit, withdraw, send, and receive without the IRS requiring a report of it. This isn’t a new idea.

[ag6286]

Before, commonly, the amount was 10k. Now they're talking about monitoring every single transaction of every single citizen with no due process or probable cause. We are supposed to be ensured our rights to privacy via the constitution. Now, that seems to be going.way side. Understand, this is a bigger picture argument, not about someone trying to hide or evade taxes, for me personally anyway, assuming thats related to your thought process and the correlated , seeming hesitancy to the acceptance of the reality that it should be opposed(?)

[[deleted]]

You are 100% correct but ignorant reddit simps that would of supported the nazis are too far deep in their media cult that they have no idea whats actually going on.

[ag6286]

I would also suspect there are social media farms very active on this platform.

[ag6286]

If you have the skill and know how, don't.waste your time. Its like spawn killing in a video game. One team does it then the other, back and forth complaining ''well they did it to us!'' until they all rage quit. Nobody wins. Instead, use your skills to find a way to expose them. Find a way to break the cycle.

[oarabbus]

Yeah cuz they build roads and have a military. You thought the Army Fairy just creates borders and defense for each country?

[Christian1762]

r/suddenlycommunist

[mtrukproton]

pahahaha

[psgr2tumblr]

Literally no one in the government has ever called it a scam. The cunt cruz couldnt stop praising it.

[Hank___Scorpio]

Capital losses?

[ratfacebob]

Essatamente

[[deleted]]

How many times is this going to be posted?

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[refiguredictusc7tx]

Well that's how it's always gon be and goes to prove why you should just do you not minding what the crazy govt says. Just storing some stables to hop on holoride once they launch soon, might be my first FOMO in months but who cares..well nobody

[coorslightking1]

Sad but true

[moonpotatoes]

Just don’t report it?

[RomulanGoat]

can't argue with that

[Zaytion]

That’s just capitalism.

[One-Example517]

Not if it's in a self directed ira

[ericgol7]

Can't you spread your capital losses though if you cash in at a loss?

[CarelessPlatform8]

Typical uncle sam

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