Well said and so true.. this is some examples I may be wrong as full stats haven't come out but this is what I got... Example 1: Say if u owe say 9 million on bitcoin and you done so well.. good on that person its taken years .. it means you'll have to pay a tax on holding it in your portfolio 30 percent after 3 mil. It wud cost you 2 to 3 mil too hold or pay tax for that year..Brings it to say 6.5 and say btc drops 30 percent that year it wud be valued at say roughly 3.5 to 4 million including the payed tax.. Than say btc drops 20 percent the next year after.. That wud be roughly another 1.2 mil including paying tax bringing it say 2.5 million roughly.. Than say it goes up 50 percent year after that.. it becomes 3.7 mil and your still at same price or SP it was at 3 years ago cause you've had to sell off your shares to pay tax roughly 3 million for holding stock .. The government would have taken 3 mil to 3.5 mil and half of your shares are gone... your money and shares aint coming back cause u had to sell tham to pay tax... flat out robbery... Disgusting worst than going to jail for doing nothing wrong.. Also many other examples like farm land and people that have inheritance and super and businesses and savy investors.We need to stop this guys..
WBC Price at posting:
$31.61 Sentiment: None Disclosure: Not Held
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