Oddbean

The government is literally stealing your life with taxes and fiat monetary inflation… As a conservative example: You start working at 20. You work until you’re 65. You pay +/- 33% of your income in taxes. The government takes 1/3 of your working life… They have stolen **15 YEARS** of your time, energy, and work. And for what? For roads? (LOLOLOL) For a broken education system? For a medical system that wants to keep you sick and medicated? For the military industrial complex which gets rich off foreign forever wars you never agreed to? And while they are stealing 1/3 of your life, they are PRINTING MONEY OUT OF THIN AIR, stealing MORE of your time/energy/life force through the destruction of your purchasing power. The taxes you pay don’t even fund the government; an ever-growing pile of national debt does, fueled by money created out of thin air by the Federal Reserve System. The dollars in your bank account are worth less and less every year, as your purchasing power is systematically destroyed. I am grateful #Bitcoin exists so I can opt out of this nonsense and save the value of my time and energy. Anyway, have a beautiful day.

Careful with that kind of thinking. Next thing you know you’ll be refusing to bring more slaves into the world and figuring out ways to painlessly kill yourself when the government thugs come to jail/torture you and take what’s yours. Protest with your genitals (refuse to have kids), your voice (use #Nostr), and your wallet (save in #Bitcoin). #grownostr #thinkdangerously

I remember back in 2006 or something, I was though in indoctrination camp "Taxes on alcohol and cigarettes are in place so that it discouragas people from smoking and drinking" And it took me another 10 years to ask myself "And what about this income tax?"

This banger video goes on to highlight the Titanic disaster and Jekyll island connections. Essential we were sold in a satanic ritual, to condem generation after generation as fiat slaves for the benefit of the filthy rich. I'm amazed YouTube hasn't pulled it. https://youtu.be/fAPYSeOGoD8?si=M6xM9EpFvM4UGgzG

How do you opt out of the capital gains tax when selling Bitcoin? Even using a bill (credit card) payment service I'd imagine might catch up one day. Bull Bitcoin in Canada as example I'm sure reports client transactions even if bill payment style. I'm not huge fan of using robosats style services.

The private transaction bit though... You then either live off the cash or have a traceable transaction going in to your bank account. Enough of those would raise questions. I guess cash can work, but only to a point. Recent example, new tires on a truck for $1500. Not very many businesses are going to accept cash for that. I'm not at a point where I need or want to sell BTC, but for sure someday I will.

I find it hard to believe a service industry sales point wouldn't accept cash money currency for said rendered services. Find a different bank who doesn't care. In the U.S. that's typically a credit union. Elsewhere, I have no idea. Report your goddamn sales if in the U.S. The IRS will eventually find you if your shit is KYC'ed. Don't go to jail over this very preventable occurrence.

You're missing my main question. I'm not looking to do anything sketchy like private sales or cash deals. I know about non KYC Bitcoin and markets with peer to peer meet ups. Not interested. If I needed to sell now I'd go through an exchange and report the transaction. I'm looking for legitimate ways to sell Bitcoin in the future. Maybe a tax loophole. Does anybody run it through a corporation somehow? Friend or family overseas and then back in dollars? 🤷🤷 People avoid tax in fiat world all the time. Surely someone smarter than me has figured out how to do it legally with Bitcoin self custody. Or not. Maybe one day.

>I'm looking for legitimate ways to sell Bitcoin in the future. No crystal balls here. Whatever the method is, is exactly what that is to you, in your region. >Maybe a tax loophole. Public Ledger. >Does anybody run it through a corporation somehow? Public Ledger. >Friend or family overseas and then back in dollars? 🤷🤷 Public Ledger. >People avoid tax in fiat world all the time. Public Ledger. >Surely someone smarter than me has figured out how to do it legally with Bitcoin self custody. Public Ledger. >Or not. Public Ledger. >Maybe one day. Public Ledger...? An Atomic Swap into a more private coin is what you're looking for as a solution today,bthen you can transact accordingly. Or just wait for BTC to offer a similar feature of privacy, when it does, probably? No other options here, friend. Sell and report, at least for now!

With all that money printing, unless you get a 7% raise every year, you are talking home less purchasing power. Then, when you get to retirement, all of that saved money in sociall security, or your IRA, or 401k, are also dropping in purchasing power by 7% each year. While you are working, you think you'll have a good retirement. When you get there, there numbers are large, but they are small compared to what you actually need. They are even stealing your retirement!

Oh man, you are referring ONLY to direct taxes.In Belgium the average total tax (direct + indirect via consumption) is now 81%. Here are some data (in french and dutch language) https://online.fliphtml5.com/rmesf/ahms/ https://m.primal.net/HjSk.jpg

The difference between Belgium and Sweden/Denmark is that the return to the population in benefits is much bigger in the Scandinavian countries. For example, maternity leave is only 3 months in Belgium compared to a year or more in Sweden. Roads and infrastructure like public transport in Belgium are not well maintained and costly for average users. Belgium got good health care but working class people still need to provide extra insurance to have full coverage. Also housing and the energy bill is unaffordable. All the money is wasted on too many governments and their bureaucracy. I'm pretty sure Belgium has the highest taxation, is the most wasteful, has multiple crony governments and a huge deficit. We win.. 😅

That's a common argument, yes. Though having seen some of those countries operate from the inside, I'm inclined to disagree. Maternity leave and other "social insurances" are costs levied on businesses, which crowds out lower-paid jobs and push up (the real) prices of everything. It means it gets harder to employ anyone for anything; It's not a mythical benefit in our pure Nordic air. The systems also don't redistribute very much -- some 85%+ returns to the same individual over his or her lifetime. Swedish health care is somewhere between crap and delay-delay-delay, so instead of rationing on price you ration on quantity and quality. As for bureaucracy, I don't know... it's pretty bad in the Nordics.

Tax is more like 95% of your life. income tax capital gains tax sales tax duties/tariffs road/property/local municipality taxes death tax stamp duty corporation tax Then the tax you pay in the price of goods where all the above taxes drop into the price of the good/service from businesses (payroll etc). Then the fees and fines related to correct payments (accountancy, tax advice). And the time spend doing it. and then inflation for the 5% left. We're farmed. About 1% left of life after all those layers are applied. Take a dollar for a walk through the system and you'll have about 1 cent left after 2 cycles. nostr:note1aph6eh5wx2jhm4e76zngznpvmv8ly0p5lymavf8ksl4pntcuz4jsyqcugs

Military industrial complex is the reason you can write this bullshit on the internets instead of digging mass grave for your dead friends in concentration camp. nostr:note1aph6eh5wx2jhm4e76zngznpvmv8ly0p5lymavf8ksl4pntcuz4jsyqcugs

after 11 march something is going to change for the banks, this will accelerate the coming financial crash of dollar and euro . Be ready for mega inflation and eventually a lot of other scripted events -fake alien invasion -scripted attack on trump (the false messiah) -Fall of nato, Eu goverments, royal families, vatican , some pharmaceuticals -The Phoenix moment (aka Jesus rapture) -The comeback of trump who survived the scripted attack -many peoples dissapeared from the earth, what will the lie be towards the sheeple why so many are gone (maybe world war 3 will be an exuse) but it will be all unvaxxed that will leave this luciferian simulation as they are not compatible (mrna made everyone hackable and xx xy , same as Lucifer).

Such a good note. If anyone makes a meaningful wage it is closer to 40 percent on income, and then hit again for 10-20 percent on spending / property taxes. Buying Bitcoin and not reporting gains can literally buy you 20 years of time in 5 or so years.

In the UK, I’ve seen estimates of 70% across a lifetime when you factor in the various other taxes besides income tax and national insurance (which go up the more you earn), such as fuel duty, VAT on purchases and bills, air passenger duty, capital gains tax, stamp duty, road tax, inheritance tax, pension tax, council tax, corporation tax, alcohol duty, (and other excise duties), parking fees and more!