Finally something may happen and open the door to the vaults the institutions have to help us make money and grow. This is exciting and will be watching this one closely.
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Finally something may happen and open the door to the vaults the institutions have to help us make money and grow. This is exciting and will be watching this one closely.
Yep. If we got some clarity and adjustments on taxes as well as what defines a security from the SEC I think we would see the next bull market start immediately...
I agree. Taxes suck though lol.
Yes and taxing bitcoin like they do currently is a major hindrance in getting merchants to adopt it. There is some discussion about making transactions under $600 tax-free. Though I wish they would just declare it a currency and then not have to worry about capital gains taxes at all.
FOREX trading does involve capital gains taxes--multiple forms, in fact, depending under what section you elect to treat them under, or the exact nature of the transaction. There are, I believe, exceptions for small personal transactions, which is what some in the Congress are trying to get for cryptos as well.
If I buy a currency, and use that currency to purchase a loaf of bread I do not have to declare capital gains on that purchase of bread. Right now merchants that accept bitcoin, do.