New here?
Create an account to submit posts, participate in discussions and chat with people.
Sign up
14
posted 12 hours ago by Shadys_Back on scored.co (+0 / -0 / +14Score on mirror )
You must log in or sign up to comment
6 comments:
BlippiIsAPedo on scored.co
8 hours ago 5 points (+0 / -0 / +5Score on mirror )
Did you know that you can only contribute $5000 per year to a kids Trump account? But a 501c has no limit in contributing to a Trump account
Shadys_Back on scored.co
12 hours ago 3 points (+0 / -0 / +3Score on mirror ) 1 child
# If you still own stocks or assets in your personal name, you're a fucking moron!
bluewhiteandred on scored.co
11 hours ago 2 points (+0 / -0 / +2Score on mirror ) 1 child
So are you saying people could just create a "foundation" to legally avoid capital gains taxes
Shadys_Back on scored.co
9 hours ago 2 points (+0 / -0 / +2Score on mirror )
Yes, absolutely. It's perfectly legally. In fact, everyone in your family and extended family could pool their money in an account, buy stocks or other assets, and divide the proceeds however many which ways. This is how wealthy families stay wealthy -- concentrating their wealth and compounding their strength.
derjudenjager on scored.co
7 hours ago 1 point (+0 / -0 / +1Score on mirror )
Winning 🏆
Vlad_The_Impaler on scored.co
44 minutes ago 0 points (+0 / -0 )
This is all confusing to me.

I'll just stick to physical gold and silver

Got an 1883 argentinian gold 5 pesos coin. About a quarter ounce. Worth about $1150 in gold content plus the value for being well kept for 143 years.

capital gains is a crime.

Why should i ever pay capital gains just because the dollar lost value? A gold coin is always just the same gold coin. I store it away in a vault for a few years, pull it back out and sell it suddenly i owe tax? There is no gains. I should not have to pay a tax/fee just because you devalued the U.S. fiat dollar. You see, that would incentivize the government to massively inflate every asset and then RAPE you for massive capital gains.

If the government printed $50 trillion today, and distributed it all out, then suddenly your home value would double and gold would more than double and you owe massive capital gains because the government printed massive amounts of fiat money. And that is how capital gains tax is a massive scam.

For example a 1910 $20 Double Eagle Gold Coin was only worth $20. It is still worth $20 in currency value, but worth around $4500 for the spot price of its gold content because of the devaluation of the fiat u.s. dollar. Do you owe capital gains on the +$4450 in gains? You shouldn't.

Paper is fiat.

The old paper currency was a "certificate" redeemable for gold and silver bullion. They even had "gold certificates" and "silver certificates" Those were the only paper currencies people would accept. Your ancestors weren't simps trusting in some fiat "full faithlessness and discredit of your pedophile government"
Toast message