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Ask HN: I have a $1.1M crypto portfolio. How do I sell without incurring taxes?

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Re: Ask HN: I have a $1.1M crypto portfolio. How do I sell without incurring taxes?

#11

Pay the tax you greedy prick.

He probably bought the crypto using income which he'd already paid tax on. So, why should he be taxed twice? If his cryptos went to zero would he get a refund on the tax already paid on the money used to buy them? Heads, the taxman wins. Tails, you lose.

Re: Ask HN: I have a $1.1M crypto portfolio. How do I sell without incurring taxes?

#12

Pay the tax you greedy prick.

He probably bought the crypto using income which he'd already paid tax on. So, why should he be taxed twice? If his cryptos went to zero would he get a refund on the tax already paid on the money used to buy them? Heads, the taxman wins. Tails, you lose.

He's asking about the money he made with the money -- oka capital gains.

So it would only be taxed once.

But he wants it to be taxed never.

But I suspect you knew that.

I'm surprised to see some tax defenders here.

Not sure the GFY approbation technique works well.

We got systemic tax problems -- shaming one dude ain't gonna do shit.

It's like people worrying about their personal carbon footprint to address global warming.

Good luck with that.

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