Bitcoin Gold Silver & Taxes | Free Crypto Market Analysis & Cryptocurrency News

crypto news,bitcoin news,free crypto,btc,bitcoin live,crypto news today,bitcoin,gratis bitcoin,bitcoin market,free bitcoin,crypto market,bitcoin btc,btc bitcoin,btc market,btc live,live bitcoin,live btc,live crypto,bitcoin 2018,live crypto news,btc news,bk,bk crypto,bk bitcoin,bk 2018,crypto,bitcoin news today,btc news today,bitcoin news 2018,bitcoin account,btc today,crypto today,btc usd,free usd,bitcoin today,today 2018, buy gold, taxes, gold taxes, gold market news what’s up everybody today is September 15th 2018 we will be talking about Bitcoin Gold taxes the blockchain new regulation that was introduced could be huge for the crypto market for the financial industry and for a traditional reform on the current private banker slave labor debt paper system that we have known as the US dollar stay tuned thirteen minutes and Counting hit that thumbs up button it’s gonna be a quicker video Sunday what is it Saturday morning 2018 get to get get up and get crypto get coffee get food get some soul get some money yawns am gonna smile on your faces the weekend let’s have a good time 13 minutes and Counting hit the thumbs up button and we will be back pretty soon with today’s featured discussion you you you you you you you you you you you alright alright what’s going on everybody how you doing today me this up real quick looks good looks good got about 50 seconds left before we finished the countdown we need 40 likes on the video before this video is over somebody will win some free Bitcoin live on the air shout out to everybody rocking out with me on a Facebook live as well and I think next time I’ll send this through to a periscope and twitch forgot to do that this time so you guys get it first all right let’s do it one second live from the USA helping you get paid every day this is the dose of Bitcoin the crystal of credo it’s your boy BK and if you don’t like me you must not like mine thank you for joining me everybody it is September 15th early in the morning on that Saturday getting that money and then wrong with it today we’ll be talking about cryptocurrency taxes real money fake money gold slave labor debt paper and you know this stuff right 1040 w9 10-qs pin Ches basically making short Big Brother and Uncle Sam get paid you know for the continuation of this caucus stock Rick capitalistic economy known as the US dollar if this is your first time tuning in congratulations baby you are now rocking with the best my name is became known as the crypto trader and I’m the boasts of these charts as you will soon find out every day I’m grace this microphone my voice is another day you get to profit as a result today is no exception so do yourself a favor smash that like button we got 25,000 people that need to hear these words seven days a week because the markers don’t sleep and if you want Facebook live hit that thumbs up button show me some love I appreciate you being here as well so without further ado this is what we will be discussing today while I was driving to get my coffee this morning you know I came across a video by a truth never told silver shield and he was talking about a new bill that was just introduced to in taxation on gold and silver now you might be watching this video Sam BK you know we we trade crypto we trade Bitcoin we we live on a black chain you know why you over here talking about gold and silver in tact ain’t nothing to do with us well actually it does because it’s an alternative currency insofar as the status quo is concerned if you just spend you know these little Fiat private banker slave labor debt paper notes your whole life you probably won’t get much as a result but once you divest I diversify yourself into alternative forms of currency once you change your values then indeed you can change your worth and this is what we discuss on multiple different occasions I tell you you know get to go get two silver Bitcoin it’s digital gold and now you got some silver you know to back it that’s a win-win so you know truth never totally so he does a lot of videos talking about you know fiscal policy macroeconomics the transition from you know one form of value to another now obviously he leans more heavily towards precious metals I lean more heavily towards blockchain digital assets and technologies but I think they both have value in the market and so when you know the bobble heads and CJ B’s and you know the puppeteers that they have the politicians working for your votes you know over in a govern mints you know when they take action we should understand what they’re doing and understand how we can benefit as a result of those actions so real quick you know just – I always like to see what a snapshot sentiment is when you type in gold tax you know into a big brother this is what he sends back to you right none of them really say anything about this new law about this new proposal for a law right except for this little one right there congressman introduced bill – in taxation and that’s it right that’s that’s the only one they’re talking about Argentina and they’re talking about you know PJs and New York London relics a barbarous relic why would you why would you hold such an ancient thing you know when we have all these Fiat notes available for your use you know so we actually went and looked it up you can just literally type in HR 670 90 you know into Big Brother and this is what he’ll tell ya it’s that’s not it right there that’s not it at all let’s try no periods oh those there it goes HR 670 90 right this is what it looks like Internal Revenue Code gain or loss on the sale of exchange of certain coins or bullion right is exempt from recognition basically they want to make a law that says or this guy rep mony Alexander wants to make a law that makes gold and silver bullion basically exempt from sales tax see the theory is the debt was paid when the miners went into the ground to bring this to a surface that was the value that was you know paid for this thing to be produced right and it now it’s after market value the first sale was made when this thing was taken out the ground and given away to a distributor somewhere so these are aftermarket sales so how many times can they tax us for selling the same asset right in addition to that the video does make a good point for gold right this is from JM bullion who’s I think their number one online vendor for gold and precious metals keep in mind I don’t have you know an affiliate account with these guys or anything like that they’re just the biggest in the game so I just typed in gold text and this page came up to the top and one of the things they talk about is one of the more common questions when it comes to investing in precious metals is you gotta pay taxes when you sell it and the answer is yes when it comes to tax purposes the IRS classifies precious metals as collectibles might as well go out and buy some stamps or some baseball cards because the IRS use them all the same and it can be potentially taxed at the maximum capital gains rate of 28% now here’s the sixty thousand dollar question that most people forget about what about inflation so if I bought this piece of silver for $15 in today’s market value and I have this piece of silver for say five years and then I sell this piece of silver for say $30 five years later how much of that thirty dollars is actually baked into inflation in itself that’s where they get to to where inflation is actually a text is a regressive text to where that fifteen dollars that yield that I made that’s not necessarily due to the price that is assic on up that could be due to inflation and my money being worth less than it was previously so now I have to pay more to get the same asset right and so this is a major discrepancy within the traditional economic ecosystem right it’s like a double tax with press-ups oppressive this is just ridiculous people never win put it that way on the now you wondering why you work in all your life it still ain’t got nothing to show for it here it goes right here so the question is should we be paying taxes on gold silver and digital gold right because bitcoin is digital gold right another consideration take into account is again Bitcoin is recognized as an asset which by definition when it comes to capital gains taxes is recognized as a collectible right so you might as well go buy some baseball cards that Uncle Sam abused them all the same they want their cut along the game which is actually a direct derivative of the inflation right you can’t have one without the other um and so essentially this website talks about the sales tax that is appointed to selling Bitcoin after market and I say that most states don’t have it in place I think it’s just a backdoor for them to get more quote legislation for them to enforce to you know extort and extrapolate as much value as they can from the everyday common folk but again the theory is that if you buy one Bitcoin for say six thousand dollars and two years later you sell one Bitcoin for sixty thousand dollars then the government is do 28 percent of that capital gains right now again the question becomes well do I get my inflation back for all the people with say a thousand dollars or let’s say you have you know a hundred thousand dollars in your bank account and the government goes and says you know 2018 inflation rate three percent we did a great job guys three percent we only took away three percent of your average yield okay so you got a hundred grand in your bank account can you go and get three thousand dollar credit on your taxes because you lost that money you lost that purchasing power alright and so these are the questions that are being proposed these are the fundamentals that are being challenged and discussed and re-evaluated moving into this new digital age right and they say itself and be confusing and that is a system of design keep the people dumb deaf and stupid to the whereabouts of their own circumstances right I just woke up in a cage I don’t know how I got here well this is how it happens slowly and surely over time so this guy rep Moni Alexander um I actually looked them up you know you got a little active Twitter account with the head Bible King Bible here right there on the front um but you know I tried to email him any sake you’re not one of my constituents I can’t email you I’m too busy to talk to you know everyday people so I couldn’t email the guy but you know it looks like he’s pretty good at introducing all these bills I don’t know how many he’s actually passed but if we go through his little timeline here you know he’s got about 470 bills that he’s introduced so this is just one of those bills right um I don’t see any of these you know but it’s getting passed all the way down to become law you remember that one video to indoctrinate us with on this the bill and I am only a bill and I’m sitting here on Capitol Hill right this guy this guy is like the bill King I don’t see no laws I see about two hundred seven bills you know haven’t seen one gray box passed all the way down but you know oh crap there go one commemorative coins okay okay you got one down you got one down one 400 well yeah we got 1% chance guys go politics that’s about the success rate you got you know in this system Wow okay – okay – % there you go there you don’t so maybe we got a 2% chance you know of getting me getting all the way through so uh you know I just wanted to share this stuff with you guys this is this is the situation you noticed this was proposed I think it can be beneficial for alternative investments and currencies right because if we know one thing we know that the status quo is broken and so now we have to educate ourselves and empower ourselves to transition into other units of value there you go doesn’t look like us I have the screen right here it doesn’t look like we were able to get our 44 everybody else do me a favor shout your country out I will and then we can also go into our resources that we have available we only got like 22 likes I’ll give us one more as cool can’t expect that much for Saturday everybody else still in bed you know I’m saying I’m up here up here making content helping people make money so we got Bossa Bitcoin Kampf everybody just getting set up click on free Bitcoin tools scroll down see our communities we got trading you Facebook LinkedIn Twitter you know 20,000 people and the number one Bitcoin group in the world type that in on Facebook hashtag one Bitcoin come on in the doors are always open you have to chart like a boss playlists got about 17 to 20 videos there you know you really only need to watch the first two or three and you will be well on your way to making money in the market and then if you want to make some real deal money jump on crypto trading products we have this available for you to profit package updated every every month 35 bucks if you want to get it every week it’s $100 a month and then if you want to get one-on-one access with yours truly on our exclusive private messaging app with videos every other day of the market updates you know – BAM boss alert messages is right there for you as well biggest thing to note from today’s video is that the there is indeed you know transition on the horizon right and so we does need to be cognizant of the players in the game what’s happening what’s the outcome and what are the variables that you know will yield us the best result in the future right so there you go guys it looks like we got big shot holding it down from Stanford New York in the building India me yeah I’ve never seen India before let’s see it good to see you and um see if we get one mo normally we get a Cali close as I was like normally we get it Cali you don’t say in logical fields boss walking on the west coast with that BSA it’s that time of date signing out Bose boy BK no matter where you stay Brazil Bay telephone I ate all the way back out through jerk Monday dinosaur Gnostic warrior nollans rust P Thunder from Down Under you know I’m saying hit that thumbs up button for me one time I do appreciate it copy and paste the URL text somebody you care about do that for me you appreciate mine till we meet again stay cryptic y’all please

3 thoughts on “Bitcoin Gold Silver & Taxes | Free Crypto Market Analysis & Cryptocurrency News”

  1. Gold coins struck by the US Mint are specially exempt from income taxes. Bullion & coins from other countries are not exempt. Interestingly enough, too, "shares" of bullion are treated as ordinary stock, such as the most popular ETF listed anywhere, GLD on the NASDAQ; therefore, taxable.

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