Explanation
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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 175. (Read 26499354 times)
October 03, 2024, 08:01:14 PM
October 03, 2024, 07:34:01 PM
Two sure things in life ... taxes and death... deal with it.
October 03, 2024, 07:29:30 PM
This is how I understand it. Do your own due diligence.
All my corn is long term gains at this point. Whenever I sell, I just make sure I set aside 25% for any quarter I sold in.
Also, taxation is theft.
Most taxation is not theft. It is gross misuse of funds by both extremely naive and corrupt individuals. What's left of the rest is stolen by both groups. But then again let's not ask Germany why their leaders spend hundreds of thousands of euros on "make-up".
You can't make this shit up.
If my town in New Jersey has a town meeting about lets say property tax and I want to speak at the meeting I have to follow these rules.
1) state my full name.
2) give my home address.
There are four armed police in uniform and two plains clothes cops. I do not get to hear their names and addresses.
There are five council men I know their names not their addresses.
All the cops in uniform have visible armor. paid by the taxes tht got too high.
So the idea that taxes are theft works for me.
In my town I have been in since 1992 not a single cop has been shot. Yet they all have armor when they are in uniform.
I am sure other places are better in the USA 🇺🇸 and other are worse. But my town spends about 20 percent of its taxes on cops thT HAVE A SHIT TON OF ARMOR AND THE LIKE. once again not one cop shot and wounded since I came here in 1992.
That's weird...in TX, during tax protest, you present to three people, none of which are police.
In most cases you don't even present to a panel, but try to get a deal by talking to just one appraiser or even none when they send you a settlement notice that you can either accept or reject. In the latter case it goes to a panel.
Typically, you never get what you want, but could slash the taxable value a bit, saving a few hundred bucks on taxes (not thousands, typically).
These are the township meetings. We had major tax increases for most everyone. The meeting was over a special school tax increase.
Which the 2% cap was lifted and up to 11% could happen. So we went to the meeting of around 90 people that could raise their hands and speak for 5 minutes then yield to the next person.
The town is upset that a home valued at 330k went to 450 k in 2022 then 530 in 2023 then 580 in 2024 raising all taxes including school. Then the town wanted to stack the max 11% allowed for 1 year .
Basically when it all adds up tax of 7200 for 2022 is now pushing 12000. I knew there would be 4 armed police in armor to maintain order and a few plain clothes. There were. I listened to hear the towns logic for tacking the max 11% since we had all the raises 2 years in a row.
Wait for it. To make a surplus . That's right we now have a school budget with a surplus. They were nice and did 7.5% vs 11%.
I am leaving N J soon. Maybe Maryland is the next step
October 03, 2024, 07:01:17 PM
October 03, 2024, 06:48:19 PM
This is how I understand it. Do your own due diligence.
All my corn is long term gains at this point. Whenever I sell, I just make sure I set aside 25% for any quarter I sold in.
Also, taxation is theft.
Most taxation is not theft. It is gross misuse of funds by both extremely naive and corrupt individuals. What's left of the rest is stolen by both groups. But then again let's not ask Germany why their leaders spend hundreds of thousands of euros on "make-up".
You can't make this shit up.
If my town in New Jersey has a town meeting about lets say property tax and I want to speak at the meeting I have to follow these rules.
1) state my full name.
2) give my home address.
There are four armed police in uniform and two plains clothes cops. I do not get to hear their names and addresses.
There are five council men I know their names not their addresses.
All the cops in uniform have visible armor. paid by the taxes tht got too high.
So the idea that taxes are theft works for me.
In my town I have been in since 1992 not a single cop has been shot. Yet they all have armor when they are in uniform.
I am sure other places are better in the USA 🇺🇸 and other are worse. But my town spends about 20 percent of its taxes on cops thT HAVE A SHIT TON OF ARMOR AND THE LIKE. once again not one cop shot and wounded since I came here in 1992.
That's weird...in TX, during tax protest, you present to three people, none of which are police.
In most cases you don't even present to a panel, but try to get a deal by talking to just one appraiser or even none when they send you a settlement notice that you can either accept or reject. In the latter case it goes to a panel.
Typically, you never get what you want, but could slash the taxable value a bit, saving a few hundred bucks on taxes (not thousands, typically).
October 03, 2024, 06:21:52 PM
This is how I understand it. Do your own due diligence.
All my corn is long term gains at this point. Whenever I sell, I just make sure I set aside 25% for any quarter I sold in.
Also, taxation is theft.
Most taxation is not theft. It is gross misuse of funds by both extremely naive and corrupt individuals. What's left of the rest is stolen by both groups. But then again let's not ask Germany why their leaders spend hundreds of thousands of euros on "make-up".
You can't make this shit up.
If my town in New Jersey has a town meeting about lets say property tax and I want to speak at the meeting I have to follow these rules.
1) state my full name.
2) give my home address.
There are four armed police in uniform and two plains clothes cops. I do not get to hear their names and addresses.
There are five council men I know their names not their addresses.
All the cops in uniform have visible armor. paid by the taxes tht got too high.
So the idea that taxes are theft works for me.
In my town I have been in since 1992 not a single cop has been shot. Yet they all have armor when they are in uniform.
I am sure other places are better in the USA 🇺🇸 and other are worse. But my town spends about 20 percent of its taxes on cops thT HAVE A SHIT TON OF ARMOR AND THE LIKE. once again not one cop shot and wounded since I came here in 1992.
October 03, 2024, 06:04:43 PM
This is how I understand it. Do your own due diligence.
All my corn is long term gains at this point. Whenever I sell, I just make sure I set aside 25% for any quarter I sold in.
Also, taxation is theft.
Most taxation is not theft. It is gross misuse of funds by both extremely naive and corrupt individuals. What's left of the rest is stolen by both groups. But then again let's not ask Germany why their leaders spend hundreds of thousands of euros on "make-up".
You can't make this shit up.
October 03, 2024, 06:01:14 PM
October 03, 2024, 05:38:12 PM
This is how I understand it. Do your own due diligence.
All my corn is long term gains at this point. Whenever I sell, I just make sure I set aside 25% for any quarter I sold in.
Also, taxation is theft.
October 03, 2024, 05:29:48 PM
Oh look, HBO claiming they know who Satoshi is
My guess: another CSW wannabe trying to become the next Satoshi
News like this are starting to get Old. My guess: another CSW wannabe trying to become the next Satoshi
We are gonna have to be prepared if Israel and USA finally smash the oil refinery of Tian regimen, the first winners are gonna be the Saudi crown because of Oil price going up and winning the share of the amrket of the destroy Iran.
But second and after a super dump motivated by this escalation we can be the second in the line of winners, with a super recuperation for BTC and start to become the new gold. This can be also motivated and pushed by a new line of goverments more tilt to the BTC and the blockchain in general. We have elections now in november in the US very important.
But second and after a super dump motivated by this escalation we can be the second in the line of winners, with a super recuperation for BTC and start to become the new gold. This can be also motivated and pushed by a new line of goverments more tilt to the BTC and the blockchain in general. We have elections now in november in the US very important.
Depend on how much big is gonna be the shelling we can see this island dissapear from the earth if they drop some serious bomb plus the ammount of fuel to brun there, i dont want to be a worker in that island right now.
October 03, 2024, 05:01:14 PM
October 03, 2024, 04:09:08 PM
Oh look, HBO claiming they know who Satoshi is
My guess: another CSW wannabe trying to become the next Satoshi
My guess: another CSW wannabe trying to become the next Satoshi
October 03, 2024, 04:01:17 PM
October 03, 2024, 03:01:16 PM
October 03, 2024, 02:01:15 PM
October 03, 2024, 01:01:18 PM
October 03, 2024, 12:39:17 PM
We are gonna have to be prepared if Israel and USA finally smash the oil refinery of Tian regimen, the first winners are gonna be the Saudi crown because of Oil price going up and winning the share of the amrket of the destroy Iran.
But second and after a super dump motivated by this escalation we can be the second in the line of winners, with a super recuperation for BTC and start to become the new gold. This can be also motivated and pushed by a new line of goverments more tilt to the BTC and the blockchain in general. We have elections now in november in the US very important.
But second and after a super dump motivated by this escalation we can be the second in the line of winners, with a super recuperation for BTC and start to become the new gold. This can be also motivated and pushed by a new line of goverments more tilt to the BTC and the blockchain in general. We have elections now in november in the US very important.
Depend on how much big is gonna be the shelling we can see this island dissapear from the earth if they drop some serious bomb plus the ammount of fuel to brun there, i dont want to be a worker in that island right now.
October 03, 2024, 12:39:11 PM
This post is for people who file taxes in the U.S. and want to be in compliance.
For those of you who refuse to have anything to do with taxes and laws, that's fine. But this post isn't for you.
Some of you still may not be able to refrain from replying ph*ck the IRS bitcoin's gonna burn their shit down, or words to that effect. Whatever.
The IRS has made a very big change in the calculation of crypto capital gains, which will phase in completely in 2026.
2025 is a transition year that the IRS calls "safe harbor." The process of transitioning to the new capital gains tax calculation regime by way of this safe harbor is pretty complicated, but what did you expect from the IRS?
First you have to choose an allocation method for assigning basis to your coin holdings, and it has to be done wallet by wallet -- no longer are your coins in one big heap, so to speak, but every wallet has to have the capital gains on the coins sold from it calculated separately.
The two methods of assigning basis to your sells are: global allocation, and specific identification. You choose one allocation method and it applies to all your wallets. A "wallet" can be a private wallet ("unhosted") or a custodial account like an exchange.
If you use global allocation, each wallet has to have its capital gains/losses calculated by FIFO. So you'll need a strategy, like putting coins with a high cost basis in one wallet and coins with a low cost basis in another wallet. That way you can sell from the wallet with the high basis coins, in order to lower your taxes. If all your coins were in one wallet, the FIFO requirement would draw on the oldest basis, without regard to whether it's high or low. And since older coins might have lower cost basis, you could end up paying more tax on them.
If you use specific allocation, you choose the cost basis for the tax calculation of every transaction. And you have to declare the allocation before you sell.
The extra control this gives you might sound good, but it could make doing your taxes a monster headache if you have more than a just few transactions.
This is how I understand it. Do your own due diligence.
October 03, 2024, 12:30:37 PM
We are gonna have to be prepared if Israel and USA finally smash the oil refinery of Tian regimen, the first winners are gonna be the Saudi crown because of Oil price going up and winning the share of the amrket of the destroy Iran.
But second and after a super dump motivated by this escalation we can be the second in the line of winners, with a super recuperation for BTC and start to become the new gold. This can be also motivated and pushed by a new line of goverments more tilt to the BTC and the blockchain in general. We have elections now in november in the US very important.
But second and after a super dump motivated by this escalation we can be the second in the line of winners, with a super recuperation for BTC and start to become the new gold. This can be also motivated and pushed by a new line of goverments more tilt to the BTC and the blockchain in general. We have elections now in november in the US very important.
October 03, 2024, 12:06:43 PM
Speaking of super dump, the sun just unleashed another larger flare from the same spot and this time it's an X9.1... so close to the X10 
. Anyway, this time there is no question as to whether it was accompanied by a coronal mass ejection - it was a halo CME. So because of the time of year, the size of the flare and the priming flare of a couple days ago, we should be in for a special treat this weekend. Sorry I have no pics, I'm on the road atm.
Edit: here's a gif of the halo CME (coronal mass ejection) courtesy of SOHO and scaled down with ezgif.com - I'm always impressed by what a simple phone can do these days.
. Anyway, this time there is no question as to whether it was accompanied by a coronal mass ejection - it was a halo CME. So because of the time of year, the size of the flare and the priming flare of a couple days ago, we should be in for a special treat this weekend. Sorry I have no pics, I'm on the road atm.Edit: here's a gif of the halo CME (coronal mass ejection) courtesy of SOHO and scaled down with ezgif.com - I'm always impressed by what a simple phone can do these days.
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