Yes ik capital gains tax comes in when you sell the asset for fiat currency. However there is nothing preventing the Government from directly putting a tax bill on appreciating crypto before sale (mark to market).
Another example would be property tax. How would you pay for the property tax for the building you have
your mining farm in assuming you don’t sell bitcoin.
Looks like they remove ‘real’ criticisms as well, funny because they removed TeddyKila’s comment for:
This is the second time you have responded to one of my posts, with the same line, and it’s not a response to the post.
spoiler
Yes ik capital gains tax comes in when you sell the asset for fiat currency. However there is nothing preventing the Government from directly putting a tax bill on appreciating crypto before sale (mark to market).
Another example would be property tax. How would you pay for the property tax for the building you have your mining farm in assuming you don’t sell bitcoin.
Looks like they remove ‘real’ criticisms as well, funny because they removed TeddyKila’s comment for: