Current Events > Biden fucking over Crypto Market

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Kaliesto
04/23/21 3:57:30 PM
#1:


Bastard :(

edit context -

Giant tax percentage. :(

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Giant_Aspirin
04/23/21 3:58:37 PM
#2:


oh.

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metralo
04/23/21 3:59:44 PM
#3:


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Kaliesto
04/23/21 4:00:14 PM
#4:


metralo posted...
not good

fixed


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yunalenne10
04/23/21 4:00:34 PM
#5:


43%, right?

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Joeydollaz
04/23/21 4:01:16 PM
#6:


They have to do this, to many people are playing around with this stuff

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Kaliesto
04/23/21 4:01:34 PM
#7:


yunalenne10 posted...
43%, right?

Someone said 47%, but bad regardless.

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Irony
04/23/21 4:01:41 PM
#8:


Good

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Giant_Aspirin
04/23/21 4:01:42 PM
#9:


6 posts and nobody has explained what this is about. are you really gonna make me go look? guys pls

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Returning_CEmen
04/23/21 4:02:18 PM
#10:


Hold long term, problem solved

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UnholyMudcrab
04/23/21 4:02:40 PM
#11:


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Kaliesto
04/23/21 4:04:44 PM
#12:


Returning_CEmen posted...
Hold long term, problem solved

That is what most are doing right now, ironically Biden hurt the economy doing that tax rate.

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Iodine
04/23/21 4:05:20 PM
#13:


It only effects people who have a yearly income of $1M tho

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Kaliesto
04/23/21 4:06:51 PM
#14:


Iodine posted...
It only effects people who have a yearly income of $1M tho

If true though it doesn't matter they'll get everyone taxed the same way, they constantly lied about the tax brackets and this is no different.

IMO

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CRON
04/23/21 4:07:08 PM
#15:


"We got Crypto, uh...Cryp...Crypto...coins. These people just sit on the computer...and the money comes outta nowhere. Cryptocur--cryp-cryptocurrency."

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Dakimakura
04/23/21 4:07:52 PM
#16:


It's about damn time

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Giant_Aspirin
04/23/21 4:08:00 PM
#17:


FINE YOU GUYS ILL DO IT MYSELF GOSH

https://www.reuters.com/business/bitcoin-sinks-below-50000-cryptos-stumble-over-biden-tax-plans-2021-04-23/

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radical rhino
04/23/21 4:10:10 PM
#18:


Good hopefully its killed entirely.

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Doom_Art
04/23/21 4:10:58 PM
#19:


LOL

I fucking love it

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uwnim
04/23/21 4:11:29 PM
#20:


Should just be taxed at whatever the capital gains tax is cause thats what it is.

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Kaliesto
04/23/21 4:11:42 PM
#21:


radical rhino posted...
Good hopefully its killed entirely.

Its helped poor people in many countries, why do you hate poor people?

Nah I'm kidding at ya, but seriously it has helped a lot of people worldwide and even helped some CEmen in here.

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Bishop9800
04/23/21 4:12:11 PM
#22:


Giant_Aspirin posted...
6 posts and nobody has explained what this is about.


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Pitlord_Special
04/23/21 4:12:24 PM
#23:


Iodine posted...
It only effects people who have a yearly income of $1M tho

If you arent dumping your life savings into Dogecoin to become an overnight millionaire then youre doing it wrong. You go into crypto to swing for the fences, not for boomer gains

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EmbraceOfDeath
04/23/21 4:12:47 PM
#24:


Just the same stupid "Biden's gonna increase everyone's taxes!!!" garbage that right wingers say about the plan to increase taxes for people making over $400k. A very small number of people will actually be affected here.

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Jabodie
04/23/21 4:12:50 PM
#25:


At worst this will shake out the wealthy that were planning to dump crypto for usd down the line anyway. I know all of us are in it because of the earnest dream of a decentralized currency, and wouldn't dare abandon it for fiat over a tax that will never apply to us (as we will be buying things with crypto).

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AtelierRyza3462
04/23/21 4:13:04 PM
#26:


Ugh Biden

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Smashingpmkns
04/23/21 4:13:37 PM
#27:


Isn't it only if you're over $1 mil tho
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archedsoul
04/23/21 4:15:55 PM
#28:


Jabodie posted...
At worst this will shake out the wealthy that were planning to dump crypto for usd down the line anyway. I know all of us are in it because of the earnest dream of a decentralized currency, and wouldn't dare abandon it for fiat over a tax that will never apply to us (as we will be buying things with crypto).
Buying something with cryptos is a taxable event.

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eston
04/23/21 4:16:36 PM
#29:


You can't be getting all that free money and not expect the govt to want their cut

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Kaliesto
04/23/21 4:16:46 PM
#30:


Smashingpmkns posted...
Isn't it only if you're over $1 mil tho

Again I hope that will be the case, I don't trust flip-flopping politicians because they lied about taxes before. >_>

The only good thing I can see from this that it can loosen the market up for others to buy more coins.

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Jabodie
04/23/21 4:19:02 PM
#31:


archedsoul posted...
Buying something with cryptos is a taxable event.
Well that sucks

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Christian RULES
04/23/21 4:22:58 PM
#32:


Fuck Biden and his tax increases. We find something to make money on a consistent basis and the govt wants to steal almost half of it? Bullshit

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Unsugarized_Foo
04/23/21 4:36:13 PM
#33:


Thank you daddy government
You're right and I should hand you over my-...er, hand you over this money.

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The Trent
04/23/21 4:37:48 PM
#34:


i bet he will do something great with it like put 5g in homeless camps

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Orlando_Jordan
04/23/21 4:38:09 PM
#35:


How do you guys misinterpret him giving a larger capital gains tax to people in the tax bracket of $400,000+ a year as "everyone will be taxed 43% on crypto!"? How?

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Squall28
04/23/21 4:39:43 PM
#36:


But they said crypto is unregulated!

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Turtlemayor333
04/23/21 4:47:24 PM
#37:


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