/biz/ - so lets say i put all my savings that i don't use - Business & Finance

Anonymous (ID: jxPfA0mi) Archived

01/15/26(Thu)00:20:46 No.61645270

File: 1753149479867448.png (190 KB, 500x500)

Anonymous (ID: jxPfA0mi) 01/15/26(Thu)00:20:46 No.61645270 Archived

so lets say i put all my savings that i don't use on expenses into bitcoin instead of just sitting in a savings account. after 10 years i need to cash out a large chunk of it for an expense. how is the capital gains tax in the US not equal or greater than inflation would have taken from the value of that money over that period?

Anonymous (ID: jxPfA0mi)
01/15/26(Thu)00:25:54 No.61645309

Anonymous (ID: jxPfA0mi) 01/15/26(Thu)00:25:54 No.61645309

i just need 1 spoonfeed for a normalfag middle income wagie

Anonymous (ID: lR9k2hKq)
01/15/26(Thu)00:32:00 No.61645342

Anonymous (ID: lR9k2hKq) 01/15/26(Thu)00:32:00 No.61645342

10 years? btw just GrokIt™

Anonymous (ID: Js5SWmNW)
01/15/26(Thu)01:32:36 No.61645589

Anonymous (ID: Js5SWmNW) 01/15/26(Thu)01:32:36 No.61645589

you pay tax on interest in a savings account as well, only you pay much more tax since capital gains taxes are lower than income taxes, and savings account interest is income tax

Anonymous (ID: tBDednv8)
01/15/26(Thu)08:39:42 No.61646482

Anonymous (ID: tBDednv8) 01/15/26(Thu)08:39:42 No.61646482

>>61645270
This is a simple elementary-school math problem anon. You did go to elementary school, right? You learned how to do multiplication and division? If not, then you do own a calculator or a phone with a calculator app that can do multiplication and division? Yes? Then hop to it. Or ask your nearest 3rd grader to do it for you.