im in OZ , capital loses can be offset against gains once realised but you cannot use them as a write off on earnings......the rest of it you could argue all day long about , you could have 15 k profit sat in your wallet but until its realised it's not profit is it...?? i'd argue till the...
it is only taxable once it comes out of your wallet i.e the profit is realised into cash , i have discussed this at length with my accountant , members of the public can no longer claim capital losses either , only lay these losses off against future gains.
yes , it's easily doable if you had the nuts back then , the only downward pressure is from banks and institutions who are staring down the barrel of complete loss of control.
unfortunately i am not involved ....smart cats i know withdraw their profits to accounts in Thailand , Vietnam and India etc where you can take your money out of an atm ....tax free....are you catching on yet...?
you could alternatively invest in a financial system that arranges for you to buy a property over 30 yrs and ends up charging you double the value of said property in interest.....:facepalm: this is why financial institutions are dead against it even though they are busy buying it which is why...
well , if that is the case then it is being pushed at a level that can only be called wholesale fraud, mainstream sporting events are largely sponsored by crypto bases businesses, surely your not suggesting we are being rinsed by the financial oracles of this world..??
some reading material for you
The creature from Jekyll island.
having created our currency the fed reserve are now busy rendering it worthless slowly but surely , have a read , see what you think.