I hope you don't mind. But I'm just going to link this then next time my friends bring up how fucked our country is and what's wrong with it. Because this sums up my views on taxation.
One of my largest gripes with it is capital gains tax. In my country, you're not taxed on gambling winnings. And they keep refering to crypto investing as speculative and gambling... If it's gambling why do I have to pay capital gains?
Capital gains is the worst of all taxation in my opinion, I front all the cost in the securities/commodities/crypto market. I shoulder all the risk, my investment could go to zero. But if I profit. Bam they get a slice of it. Nah, no way, they shouldn't be entitled to anything.
Really gets me riled up.
this territory is moderated
They know gamblers always lose. Nothing to collect there. But in crypto investing, there are a lot potential to collect there.
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Please do!
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