100

Would never happen.

... but the more money they tax from bitcoiners, the more bitcoin they can buy for their SBR. For the record, my stance is, all taxes should be voluntary - especially when they can just print money anyway.

Nothing will grow the peer to peer/bitcoin economy like removing cap gains/treating it like money

Abolishing Federal income tax helps not just bitcoiners yes 🫡

I agree for most normie bitcoiners this is a key issue. For hardened AnCap Cypherpunks we're not worried about it.

bullish on 'no tax for tips' ⚡⚡

It's not even close either.

I have no idea why tips wouldn't be taxed. It is mind boggling. My income is taxed, so should theirs.

Self-custody Bitcoin stockpile > government SBR

The removal of income tax is being considered

Exactly

Yup

Agreed

I agree!

I was referring to cap gains

We should work to dismantle the state's power, amd influence by any means necessary even if don't directly benefit.

So quit your job and go work for tips?

100%

Yes

Wow, what an amazing argument. To start with, I have 4 businesses across 3 states, 65 employees, and don't myself have W2 'income'. So I would love to know how would you propose I would do that? But let me get this straight. You are ok with the US government picking and choosing at random(or who has some votes more likely) groups of citizens they seem fit for not paying any taxes. Poor group A, but not B. C but not D? The tip culture is a drain and people hate it anyways. It encourages businesses in select industries to pay less for labor, and cash tips are always underreported. Talk about encouraging it income tax fraud. Wow. Jesus Christ that's asinine. Remove all income taxes, or make everyone pay. Period. The poor don't pay Jack as it is in income tax. It's already a bullshit system. Let's not advocate they make it worse. Nevermind the fact that the law probably won't pass nor likely pass the 14th amendment challenges that will come either.

How does running larger deficits dismantle anything? They won't spend less, obviously. They will either pass the burden to others, or just let the printer go brrrr. Advocating them to pick and choose winners and/or help certain people enables their power, not dismantle it.

Well it seems like the intention of the current administration is to reduce fiscal spending, and decrease taxation. How that is possible is hard to say, I think there will still be a deficit unfortunately. That being said deficits/debt only becomes a problem when it exceeds gdp (which unfortunately it does currently), & inflation only becomes a problem when it happens rapidly (which it has recently). Reducing the state, and taxes gradually is the optimal idea. Alternatively, they just don't increase the budget, and economic Activity will grow large enough so the taxes can be sustained.

I agree. Why is Bitcoin defined as something different depending on what agency is overseeing it?

Woah, let's back it up. There is absolutely NO chance Trump and co reduce spending. He wants the debt ceiling removed already, lol. He wants to deleverage, which means literally nothing. He doesn't want to cut actual spending as a whole. He is 100% behind keeping and even expanding Medicare and social security. That will be more than 70% of the budget in a few years. 30% of the debt turns over this year, 85% of which is currently at a lower rate than today's 2, 10, and 30 year rates. This will balloon the deficit and interest expense. Hence why he wants Powell to lower rates. Except....the fed target is already below the 10 year. Markets don't care. He wants to spend more on defense, AI, deportations/DHS, power grids, shitcoins, farm subsidies and more. Trump will absolutely spend more over the next four years than we did in 2017-2024 combined. He does not want to reduce the state and power, he is a populist. It is not possible to 'grow' your way out of our debt and annual deficits. GDP included government spending, it's the worst stat known to man. So no, I do not want to advocate they get more power and control over the economic actors. Not with Biden, Harris, nor Trump. The machine always wins.

Yeah that’s more unlikely lol