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jgbtc | 8 days ago (raw) | export | reply | flag +3 
 My wife thinks at some point the US government will drastically increase cap gains on bitcoin, but also offer to buy bitcoin from the public with no cap gains. Interesting theory.
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jgbtc | 8 days ago (raw) | root | parent | reply | flag 
 The high cap gains would only apply to selling on exchanges and using for payment. This way the government would accumulate like mad, at least until hyperinflation set in.
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telluride | 7 days ago (raw) | root | parent | reply | flag 
 A lot of people are converting their traditional IRAs to Roth with bitcoin with 100% btc.  
—I mean a LOT of people are doing this.  If bitcoin 100x nobody will owe tax since a Roth is pretaxed.  I suspect your wife is right.
Congress can pass laws to invalidate these rules when the exploit becomes this severe.
Interesting times.
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