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Question: How far will this leg take us?
$110K - 9 (8.3%)
$120K - 19 (17.6%)
$130K - 17 (15.7%)
$140K - 9 (8.3%)
$150K - 19 (17.6%)
$160K - 2 (1.9%)
$170K+ - 33 (30.6%)
Total Voters: 108

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26918768 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 1 users with 9 merit deleted.)
lightfoot
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December 29, 2021, 05:00:07 AM
Last edit: December 29, 2021, 05:12:25 AM by lightfoot
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@suchmoon seems to know a bit about this (disclaimer: anyone here can be anything or nothing so take none of this as formal advice, more enhanced bullshit) but if the 80k is based on *taxable* income then a really big question pops up:

How much should you "earn" (ha ha) each year and still keep the full 80k CG tax break?

Looks like you can do the full 401k contribution, that's 19.5k in the box (must be from slave wages).
Spouse don't work? IRA for them, 6k there (must be from slave wages)
Sounds like the personal deduction as well (so another 25k)
And if you have health care paid in part by the employer the employee part is covered. (Let's assume a 1.5k a month health plan with 1.2 paid by employer and 300 by you)

So hm. 50.5k earnings+80k CG=130.5k total with 105k in your pocket, 25.5k in your retirement plan and a fully legal and legit $0.00 paid in taxes*.

Hm...... Guess it's time to compute "fuck you" day.

* Note you would still have to pay FICA and Medicare taxes on that income, but I don't know if those taxes would be taken out of earnings before or after for the purposes of computing the full 80k CG tax break. Oddly enough you do not seem to have to pay FICA or Medicare taxes on CG.
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December 29, 2021, 05:01:27 AM


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lightfoot
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December 29, 2021, 05:21:54 AM

Biodom
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December 29, 2021, 05:22:08 AM

Oddly enough you do not seem to have to pay FICA or Medicare taxes on CG.


yea, but above certain number (200K for single, 250K for family) you pay additional 3.8% NIIT (net investment income tax).
Gosh..this is complicated... but only tea for me tonight.
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December 29, 2021, 05:41:15 AM

@suchmoon seems to know a bit about this (disclaimer: anyone here can be anything or nothing so take none of this as formal advice, more enhanced bullshit)

Yes... "talk to your CPA" should be implied in everything posted here about taxes.

* Note you would still have to pay FICA and Medicare taxes on that income, but I don't know if those taxes would be taken out of earnings before or after for the purposes of computing the full 80k CG tax break.

AFAIK those are not taxable so yeah.

Now for even more fun: If you "turn out the goods" (IE have your spouse work) can *they* also contribute a max of 19500 to a 401k plan? If so...

There is this thing called solo 401k, which you can have if you're self-employed. So... what if your spouse is self-employed as a Bitcoin seller. Or maybe you can do the same. There are probably some interesting things that can be done with that.
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December 29, 2021, 05:48:51 AM

The year end seems to be quite annoying, isn't it?

2021 was not a great year by many occurrences:

1. A skimpy bull run despite all rah-rah-rah expectations. We basically did slightly better than double in four years; pretty good by stock market standards, quite low compared to what was expected.


Yes.. you would be able to pull a negative spin out of your ass on the whole situation.

One of the thing that bothers me about attachment to calendar year as if it were some kind of an appropriate measurement of where we are at or where we had come from, and you had already shown your previous disingenuineness by harping on the 2017 ATH as if it were an appropriate measuring point.


2. Viral persistence. How many waves we gonna get?
3. Being totally tired of #2. Reinfection rises in the people I know.
4. The rise and rise of everyday rudeness...especially on our "autobahns".

Since when is clown world about bitcoin?  yeah.. people do dumb shit.

Prediction:

Bitcoin is incompatible with your typical political/investor operator psyche.
As such, the path forward would be slower and more tenuous than I expected.
It is entirely possible that 'they' would try to control the narrative by pushing some solutions that are more easily controlled: it could be E-coin or S-coin or some other shitcoin (heck, it might even be xerp, once it settles), but it ain't going to be bitcoin as they cannot direct it to their benefit.

TL;DR Slow bitcoin in 2022, politicos heavily promoting a few shitcoins (probably the most corrupt ones). Fiat stock market slightly down, maybe 5-7%.

Yeah of course they are going to attempt all kinds of shit, but does not necessarily mean that they are going to take away from king daddy.  good luck with your various shitcoin distractions and the other distractions that you are attempting to attribute meaning to.

You can go along with and invest in that shit all that you want, but Gresham law is going to continue to cause value to gravitate into bitcoin whether you are on the train with your 20 BTC or distracted or whatever... sure it could take 20 to 50 years for it to become clear to some folks that bitcoin is the winner, but for a lot of us, we can already see that bitcoin is the winner, it is just a matter of time for all the monetary related value to end up flowing into it.

Turducken.

I'd rather have turducken than soy or some beyond meat bullshit.... don't be trying to sell me those processed bullshit food imitations and telling me that they are just as good for me and my health as the real thing. 

Life is not long, so I don't want to make it even less long by eating imitation food.. turducken is fine once in a while..
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December 29, 2021, 06:01:35 AM


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December 29, 2021, 06:12:21 AM

Well, it doesn't really matter if you get it, if it doesn't make you seriously ill.

I heard one health expert talking on one of the mainstream media programs and he said that it appears that Omicron is not as severe, but if more people are getting sick, even if it is not severe, then that could be a problem too..

I thought that was a bit of a stretch of the imagination.

Part of the justification for a lot of the extreme measures was supposed to be that a lot of extra people were dying, but now they are saying that people might not be dying but they are getting really sick (and presumably recovering from that, too), but it is a problem because a lot of people are either getting sick or might get sick... and so the dying is disappearing from the justification for the extreme measures.

Now, that our cap gains are currently melting..maybe I would still consider working for a couple more halvings.

Surely, you are tempting a response from me, Biodom.

I will just say don't let the perfect be the enemy of the good, and leave it at that for now.
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December 29, 2021, 07:01:27 AM


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December 29, 2021, 08:01:26 AM


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December 29, 2021, 08:26:30 AM
Last edit: December 29, 2021, 09:32:42 AM by Tash
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Yeah it's a good point.
I don't think any of that mask shit makes any difference when you are in a cinema for hours anyway.

We’re 2 years in now & it still spreads like wild fire. It’s clear masks do very little by now.
People will be on their 4th jabs soon but we still have restrictions. I’ve been done with this bull shit for a long time now.

Some face-diaper not gona do anything for something coming out of  level 4 biohazard lab.
 
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December 29, 2021, 09:01:36 AM


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December 29, 2021, 10:15:15 AM


Bitcoin basically because all other includes shitcoin in the market Wink

Guys, let's all take a moment of reflection for Bill Gates. He's had a really rough year...

Yeah, inflation is gonna eat his billions. Should've bought bitcoins when he had a chance.
Yes life for him is very hard and he speaks on that situation also like it would take us some more years to re-establish our businesses and on the contrary part he has gained enough this year also  Grin

But hyperinflation seems to be very close that it could take billion dollars in the rabbit hole easily and what common people are waiting for don't know.

There could be surprise elements to us also like he might come forward in public and say actually bitcoin was good investment for all of us and then i also invested some billions into it few years back like Tim Cook and then common people would be fool not to invest in it.
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December 29, 2021, 11:01:28 AM


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December 29, 2021, 11:07:03 AM
Merited by JayJuanGee (1)

Yeah it's a good point.
I don't think any of that mask shit makes any difference when you are in a cinema for hours anyway.

We’re 2 years in now & it still spreads like wild fire. It’s clear masks do very little by now.
People will be on their 4th jabs soon but we still have restrictions. I’ve been done with this bull shit for a long time now.

Some face-diaper not gona do anything for something coming out of  level 4 biohazard lab.
 

Fun fact: similar posts by pro-vaccine, pro-mask peeps cause huge butthurt and ooh don't hurt my feelings please post in Bawb's thread...  Grin  All animals are equal, but some animals are more equal than others.  Grin
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December 29, 2021, 11:08:19 AM



Haha this is hilarious! Should've been vodka in a plastic cup  Grin

P.S. And what in the world is appletini?  Grin
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December 29, 2021, 12:01:37 PM


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December 29, 2021, 12:16:08 PM
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..........
 please post in Bawb's thread...  

Well no that is a Apartheid thread.


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December 29, 2021, 12:22:55 PM


We’re 2 years in now & it still spreads like wild fire. It’s clear masks do very little by now.
People will be on their 4th jabs soon but we still have restrictions. I’ve been done with this bull shit for a long time now.

Do I have to roll out a post about babies not wearing diapers and shitting all over a nursery? Because I could....

Let's keep the CoVID shit-posts in other threads and off the WO please.

(edit: Bob's thread is apparently for hat-only, I am sure there are other threads on this forum where the merits can be debated properly)
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