I don’t know who Bill Miller is but I like this take. 😀
HarmadeusZex on
Oh jes. No sense whatsoever
coinfeeds-bot on
tldr; Bill Miller IV, chief investment officer at Miller Value Partners, argued that taxing Bitcoin doesn’t make sense as it doesn’t rely on government infrastructure to verify or enforce property rights, unlike traditional assets. He noted that Bitcoin’s independence from government creation and administration challenges the rationale for taxation. Miller also highlighted hurdles for traditional asset managers in buying Bitcoin due to unclear taxation rules, emphasizing the early stage of regulatory frameworks around cryptocurrency taxation.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
spartys15 on
The USA will find a way to to tax it
kirtash93 on
They will always find a way to tax it, if it is not directly, it will be indirectly.
NugKnights on
It’s actually quite simple and we are already on track.
Tax realized gains, not equity.
If I gota pay taxes on money I earn from my day job you gota pay for moving numbers around. But if it’s just sitting there, then don’t touch it till it hits an offramp.
burnshimself on
Yea that’s a very convenient opinion to have for someone who stands to gain very considerably from it
Separate-Spot-8910 on
People (Americans) who benefit from taxes sure do complain a lot about taxes. Should they be better managed, absolutely. Are they necessary for a functioning society, absolutely.
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I don’t know who Bill Miller is but I like this take. 😀
Oh jes. No sense whatsoever
tldr; Bill Miller IV, chief investment officer at Miller Value Partners, argued that taxing Bitcoin doesn’t make sense as it doesn’t rely on government infrastructure to verify or enforce property rights, unlike traditional assets. He noted that Bitcoin’s independence from government creation and administration challenges the rationale for taxation. Miller also highlighted hurdles for traditional asset managers in buying Bitcoin due to unclear taxation rules, emphasizing the early stage of regulatory frameworks around cryptocurrency taxation.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
The USA will find a way to to tax it
They will always find a way to tax it, if it is not directly, it will be indirectly.
It’s actually quite simple and we are already on track.
Tax realized gains, not equity.
If I gota pay taxes on money I earn from my day job you gota pay for moving numbers around. But if it’s just sitting there, then don’t touch it till it hits an offramp.
Yea that’s a very convenient opinion to have for someone who stands to gain very considerably from it
People (Americans) who benefit from taxes sure do complain a lot about taxes. Should they be better managed, absolutely. Are they necessary for a functioning society, absolutely.