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Ambiwlans t1_j9q8b3d wrote

Reply to comment by Nanaki_TV in Bernie Sanders proposes taxes on robots that take jobs by Scarlet_pot2

Do what Canada does and just make cap gains count 50% towards income. You get brackets built in.

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Nanaki_TV t1_j9qbfjf wrote

I’m not an accountant but my personal cap gains sent me into a higher bracket so I had to pay more taxes. This was on Bitcoin I exchanged for a Tesla. 16k I owe in taxes now. It doesn’t really make sense to me that I owe money on cap gains at all. The government wasn’t there taking the risks with me. Only once I achieve profit do they take from me. I don’t think that’s the way to do it.

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Ambiwlans t1_j9qsmlk wrote

If you held the coins for over 1yr, you did your taxes wrong.

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