"6.2% which is insane!!!" meanwhile... me in Argentina with almost that % of inflation EVERY SINGLE MONTH. I don't think is a victory for Biden, I take it as a loss for America. You don't lower inflation printing money... that will create more inflation, trust me... we know... we live in Argentina.
We need Infrastructure to move goods and people so we make more money, we can't pay for that without printing that money because Americans will never agree to have their taxes raised enough to pay for it, so yes, adding money doesn't help, but doing nothing helps less.
They say "fair share," but are all too happy to burn tax payer dollars on personal stuff like vacations, flights, bonuses, and what not while doing legal gymnastics to avoid paying their share. Must be nice...
It would be cool if the government had one big internet page that listed every tax dollar spent within different sectors, then narrowed to down to subsectors, then down to exactly what the tax dollars were spent on
You can see where most of it goes with a little digging and is crazy. MOST not infrastructure, lots of pork and slush fund. Destroying our country financially and needing more money in taxes so will hurt the middle class more! 🙁
I will help you, 100% of this bill will be going into the politicians pockets, the lobbyists, corporate backscratching, and other countries special interests. There have been several multi trillion bills passed in recent history, where did the money go? This is not a democratic republic, this is a kleptocracy run by human parasites.
In my humble opinion I think he is trying to get us to think for ourselves by stating the obvious problems in the economy without flat out saying “they’re” tyrants and getting his Chanel canceled or shadow banned. He’s telling us what we need to hear without being to blunt basically cus anyone now a days that defies the government gets canceled or shadow banned.
Hahah, right. When I was telling friends and family that inflation was coming they said I didn’t know what I was talking about. I planned for it, most didn’t.
the term "inflation" is ambiguous and it's assumed that we're seeing higher "inflation" because of a weaker dollar, ie: "printing" more dollars -THAT'S NOT AT ALL TRUE. Consumer prices are NOT higher because of a weaker dollar. Andrei nailed it
And I am still shocked that some people think that crypto has anything to do with the real economy. I noticed alot of pro-crypto channels don't even talk about "stablecoins", the primary liquidity driving the market. No talk about USDT, USDC and their underlying "reserves".
See.. I don't mind paying the "fair" share of tax.. it's just that these politicians don't reciprocate with their "fair" share of competency and honest work.
It only makes sense to tax as soon as you swap crypto for fiat into you bank account. Trying to tax on every little swap and fees and the prices constantly fluctuating every minute is crazy
another point, should also tax at the point it exchange for service or goods, in fiat, in another word you will need to have that much of cash before you can even cash out.
Trading crypto now would be wise, but trading without a professional is really bad, I tried to trade alone, I completely lost a lot of money till I started trading with expert Steven that is a nice broker.
Woooo that man his good work has been everywhere. Been seeing a lot of good comments about him on several places. I feel more confident investing with him, I've been on the train for over two weeks now... best Broker for life
he is the best Broker, I have tried lots of professionals but got exceptional income trading with Steven Cohen he got the best strategy now earning over $18,300 every 10 days
Just to let you guys know, if you make money out of crypto overseas, you are tax exempt for 140k per yr of your profits. Its called Foreign Income Exclusion Taxation. So even if you are a US citizen, and you still have to pay taxes if you make money overseas, just cap it to 140k per yr and you will be fine, and no taxes paid.
They don't tax... for now. Germany was the same until April of this year. I'm a US citizen in German, apparently I'm supposed to pay tax to US as well but I haven't paid anything to the US since immigrating here and every other American I meet here says the same, they don't enforce it, so the other comments have no idea what they are talking about.
Yeah I could sell my 2020 Lexus GX460 for $60k when I bought it in 2019 for $51k. That’s insane that I would drive off the lot and in two years make a profit.
@@jgons. Well I could sell that truck on Private party for $63k the $60k was trade in value. Plus I could then buy a 2022 same trim plus a few extra features for $56k. So yeah I could profit and inflation is part of it but more so it's the low supply.
9:10 "They want people to pay their fair share"...... Define "fair share" Mr. Jikh; and please don't say - "It's whatever the government decides is fair."
I'd like to say it's "the same progressive taxes that everyone else below the multi-millionaire/billionaire line is being expected to pay, without all of the rich-folx-only tax 'breaks' that help get those bills to zero." But realistically, it's "your fair share, based on said percentages, of what's required to pay for the publicly-funded programs our citizens want/need. But if you're rich enough to afford high-end financial advisors and qualify for those tasty high-income/investment-based tax breaks, that's gonna be pretty much nothing, so enjoy your free access to all the tax-funded infrastructure that makes your wealth possible."
I'd agree, if it was only the publicly needed/wanted programs, but you can bet your boots (if you own any) that the majority of the money will not. Those things thousands of pages for nothing
It's just a squeeze by the central bankers until they create problems they get to solve with their solutions which is full spectrum dominance cabal coin
They could take all of the money that the 600 billionaire us citizens have and it would pay for a full year of government spending. This will tax everyone.
Quick correction on the math: If Gas is up 50%, last years 1000$ is 100% out of 150%. So it gets two thirds as far, not half -> 666$. Devil's in the Details ;) Great Update though, thanks!
Ya. I thought the same. $1000/1.5 = $666. A 100% increase on gas price is $500 worth of gas on the video. Needless to say, the video has great content.
Thanks for watching and commenting Don't forget to hit the subscription button for more info.. consultation.;;......and advice on how to make millions in BTC make a note directly to me text me 👆What-app👆
I think most long term crypto investors could have told you that inflation was going to be huge... It's like chicken little saying the sky is falling, but no one listens.
There are a lot of factors at play here that are contributing to it all... I'm not saying it won't go higher, but I'm saying that the current state of the world has been a huge catalyst for it. We've been locked inside long enough for some of us to catch a glimpse of what our world could be like in a few years' time. This new digital age is almost at our doorsteps and it's going to be those of us who are willing to slowly embrace it now who will rise to the top in these coming years. You could almost say that 2020 was more than just the beginning of a new decade...it could have been sowing the seeds for a new era in time. I guess we'll find the real answer with time.
I live in SoCal…the container ships and containers stuck at the ports have nothing to do with a lack of “infrastructure”…it’s more of a bad policy issue AND a fluctuating market forces issue (which was caused by bad policy).
For example: How would an exchange like Coinbase know what I buy and sell if I only buy USDT and then transfer it out to an international exchange and do all my buying and selling there? I loved to pay taxes if they stop wasting my tax money. I didn't pay taxes just so Biden can screw us some more, and those senators can take breaks and vacations a dozen times a year.
Trading system allow you to limit the factor of emotional influence on decision-making, That's why I took this opportunity so serious, now I trade with expert Mark Anthony Henderson and I have been making a lot of profit even in the dip
Yes I agree with you What matters is getting yourself a good Trader or company that knows how to manage an account and make huge profits and Mark has really been a good Broker
Keeping your crypto in a centralized wallet? Lolololol. So you'll never really do anything with it. Seriously, the US expect me to keep track of the price of eth every time I sell an NFT? That is nuts.
Yeah doesn’t make sense because everything is constantly fluctuating, in 1 min you could be in profit and the next your down $100 plus all the fees. It only makes sense to tax as soon as you swap crypto for fiat into your bank.
Wouldn't be surprised if this law was specifically designed to make centralized exchanges the only practical way to interface with crypto. Much easier to legislate against further if everything is already centralized and tracked.
Most likely it will be automated, and at the end of the year the form will be sent to you with total profit or loss you’ve made. I don’t think it changed much anything
Crypto Investors: “We’re smashing it baby, time of greatest wealth transfer! Making new crypto millionaires daily; what a great time to be alive!!” Government: There’s no better time to borrow more, spend more and print more. We just have to tax bejesus out of crypto traders!
*I will forever be in-depted to you 😇 you've changed my life I'll continue to preach about your name for the world to hear,* *you've saved me from a huge financial debt with just little investment, Thanks Ms Karen Investment* 🇺🇸
If you believe this bill is truly good for American, I don't know what to say anymore. That's why ordinary people is keep being played by politicians over and over, but still believe them
Funny because everything in that time frame has declined in this time frame where I live in Thailand, for example my house rent is down 50% since covid hit.
When saving a downpayment on a home, do you guys recommend keeping it in a saving account until you have the down payment OR tying it in assets and investments and when it grows to downpayment amount withdraw? But wouldn't you be liable for taxes? What about a IRA?
Roth IRA allows $10k withdrawal without penalties for a house. And yeah for taxable taxable account= VTI, SCHD, a good ETF. Dollar cost average in. When it’s time to cash out for the down payment, simply set aside some for taxes
Brandon can't fix himself breakfast, make a coherent speech, or get himself out of a wet paper bag. His administration is equally inept. They will go down in history at the worst administration... Ever. Jimmy Carter is looking better and better.
Most people are back working. There’s only a few unemployed now but that’s a mix of early retired folks, people living off their savings trying to start businesses or people not wanting to work unlivable minimum wage
Keep investing on Cryptos, good stocks, nfts and Real Estate. Thats the future. I am concerned that all these spending will generate even more inflation. If you make good $$ then nothing to worry about, but if you make average income you’ll be crushed!
Do you script your videos to make them so smooth? Mine have always been choppy as I pause to get my thoughts together, you however, seem to be able to just talk so well for so long off the cuff. If that's not scripted then you have a gift.
You must live in California. We are overheating the economy and we will continue to see supply chain issues and inflation rise until we realize that we can't keep printing dollars. Let's go Brandon!
@Andrei I am not sure if anyone caught it yet buy you craft your spoken information in such an eloquent way while at the same time taking the VERY strategic structure of your words to keep us studying for what your actual preference is. I mean it takes some proper skill to elude detection with sharing your opinion while speaking on such a polarized subject. Dang I really can’t begin to find how to describe what you have done in words. You bring both sides of the argument to the table then just make us think about it without swaying us in a clear direction. Now I am left just pondering here. And you know what, I appreciate it.
Andrei, you're such a good little sheep by keeping your crypto on centralized monitored exchanges. Most of us got into crypto based on its decentralization.
Im from the UK & find it mad that we had ships filled with fuel waiting outside the ports because the price was so low because no one was driving with lockdowns. Now its way up? We still arnt back to full traveling but the price has shot up
Hello Andrei, Thank you for all the updates for OMI. I do have question. I bought the OMI coins though bit forex Do you recommed hold all the omi coins under the bit forex or hold in the wallet ( if yes which wallet do you recommed ) Any other trading platforms for OMI ? is the bit forex centralized exchange? if not what exchange do you recommed for the OMI coins ? Thank you
Everything is right on schedule according to Klaus in the covid-19: the great reset book, smh. I suggest reading this book and you'll understand that everything that's going on has all been planned and precisely calculated
I just glanced at the wiki for that. It makes me nervous. I also have to counter my anxieties and remember that in 1998 I was telling everyone that the UN was going to take control because of Bill Clinton executive orders and impose a new world order, deny rights and so on. Then I experienced the same kind if uncertainty with Bush and Obama... What's different is we didnt have COVID back then, so that one factor makes me wonder and gives some credibility to suspicion ovet the reset. Ill check out the book
The math on the context isn't correct. Percents aren't transitory like typical multiplication; direction matters. Gas increasing by 50% means you need 50% more money to buy the same amount of gas. That means your $1000 of gas would cost $1500 now. Implying you can only afford 66.7% of what you could have bought. Meaning your $1000 is worth $666.67 now, not $500.
So is swapping crypto supposed to be considered taxable if you never go to USD? Or is it only when you turn it to USD? It wouldnt make much sense to me that trading $10 of eth for 10$ of something else is taxable, there was no money made at all. If so, then what if I bought my eth at $20, then later it went down to $10 and then I trade it for $10 of something else. Then what? I took a $10 loss even though you can't have a loss if you don't sell for less than you purchased.. Its all a bit confusing.
Hey Andrei! If you don't mind, can you please make a video (or at least link in the description) on what news sources you use to find information about all things related to the SEC and important cryptocurrency news. Thank you!
Debt in and of itself is not a bad thing, it's what debt is used for that is or isn't a problem. If I go into debt to purchase an asset for example that's going to pay me in the long run then that debt doesn't bother me. I've got no problem spending on things we actually need like roads, bridges, electric grid, waterways etc. I do have a problem giving billions to large businesses that then take that money and buy back stocks and or give bonuses to ceos. We've been spending for decades, it didn't just start and inflation happens every year regardless of what's spent, its literally built into the system the fed has repeatedly stated a 2% target so the only real argument is how long till the raise interest rates to offset inflation as they have in the past, 70s for example. A better argument can be made against low to no interest rate as an inflation driver in my opinion looking back through history.
Thanks Andre. It's good to know the other side of the coin. The regulations need to be updated by people who know the space, but we knew this was happening.
Andrei, I would like to k ow your thoughts on sos. It just seems to keep going down. Do you think this is a good stock. I learned about it in your video from early this year.
I’d be happy to pay taxes if I knew where the money went. I don’t think the US should be able to drone strike wedding parties with my crypto gains.
what a fabulously narrow point of view
True
Fax
Exactly, just like I can see what's on the blockchain, I need to see where my taxes are going and to where. Every single cent.
No moral individual with good conscience should ever pay taxes to the US govt!
"6.2% which is insane!!!" meanwhile... me in Argentina with almost that % of inflation EVERY SINGLE MONTH. I don't think is a victory for Biden, I take it as a loss for America. You don't lower inflation printing money... that will create more inflation, trust me... we know... we live in Argentina.
Yeah I thought it was ironic that Biden said controlling inflation is his top priority then proceeds to sign this bill...?
A song comes to mind... 🤔🙃
Democrat is an American term for financially illiterate. You'll learn to use this term more frequently as his term goes on
if inflation is too high.. the government should move to crypto like el Salvador
We need Infrastructure to move goods and people so we make more money, we can't pay for that without printing that money because Americans will never agree to have their taxes raised enough to pay for it, so yes, adding money doesn't help, but doing nothing helps less.
"Fair share" please overlords, tax me into oblivion
Just come to California, California will oblige.
But let bezos and elon pay 0
you’ve read, and you’ve paid attention
They say "fair share," but are all too happy to burn tax payer dollars on personal stuff like vacations, flights, bonuses, and what not while doing legal gymnastics to avoid paying their share. Must be nice...
It would be cool if the government had one big internet page that listed every tax dollar spent within different sectors, then narrowed to down to subsectors, then down to exactly what the tax dollars were spent on
Exactly. It’s not like this is a challenge either, they would need to spend a tiny fraction of the tax money they receive to set this up.
You can see where most of it goes with a little digging and is crazy. MOST not infrastructure, lots of pork and slush fund. Destroying our country financially and needing more money in taxes so will hurt the middle class more! 🙁
Your asking for transparency 🤣 how dare you
i would love that, which means it will never happen lol
I will help you, 100% of this bill will be going into the politicians pockets, the lobbyists, corporate backscratching, and other countries special interests. There have been several multi trillion bills passed in recent history, where did the money go? This is not a democratic republic, this is a kleptocracy run by human parasites.
Funny, all these problems you mentioned that they're trying to fix weren't a problem a year ago or three years prior.
Facts
Let’s go Brandon!
The Donald 💪🏻 2024
Boss: Heres a nice little .50 raise for all your great work over the past year.
Me: Does that cover inflation?
I can’t afford this
Get a write up
Lmao
Unfortunately your boss is as affected to inflation as you are
Nope
Politicians “PAY YOUR TAXES”
Also Politicians “how do I dodge taxes?”
lol
Facts 🤣
😆😆😆😆😆😆😆
The rich just wanna get richer and tax the poor
Printing money to fix inflation is like trying to save a burning house with more fire
FACTS
you mean with Air.
You mean with gasoline
Fight fire with fire i guess 😅
With more wood
The way this dude speaks, he loves paying taxes
Legend says it’s his Hobby
I completely agree. He's almost crying tears of joy at some points in the video.
In my humble opinion I think he is trying to get us to think for ourselves by stating the obvious problems in the economy without flat out saying “they’re” tyrants and getting his Chanel canceled or shadow banned. He’s telling us what we need to hear without being to blunt basically cus anyone now a days that defies the government gets canceled or shadow banned.
*Channel
Lmao
So if I sell an NFT for over 10k I have to know who bought it? How is that not gonna ruin the market? Does this include royalty gains from resells?
I'm still shocked that some people are shocked about inflation being real.
Duuuuuude! Same! Bidenflation
Hahah, right. When I was telling friends and family that inflation was coming they said I didn’t know what I was talking about. I planned for it, most didn’t.
the term "inflation" is ambiguous and it's assumed that we're seeing higher "inflation" because of a weaker dollar, ie: "printing" more dollars -THAT'S NOT AT ALL TRUE. Consumer prices are NOT higher because of a weaker dollar. Andrei nailed it
Tf isn't it easy to fix inflation? Just increase tax rates, keep that money out of circulation.
And I am still shocked that some people think that crypto has anything to do with the real economy. I noticed alot of pro-crypto channels don't even talk about "stablecoins", the primary liquidity driving the market. No talk about USDT, USDC and their underlying "reserves".
See.. I don't mind paying the "fair" share of tax.. it's just that these politicians don't reciprocate with their "fair" share of competency and honest work.
One word..’dubai’
One third ain't fair
I would "like" your comment 10000 times but there isn't a button for that LOL!!!
It only makes sense to tax as soon as you swap crypto for fiat into you bank account. Trying to tax on every little swap and fees and the prices constantly fluctuating every minute is crazy
Right? I only count what i transfer back to my BANK ($) account. This sum bs
But then u could just never get taxed if u keep jumping from crypto to crypto, long to short…
Should have an argument for tax write-offs / rebates for losses if thats how its going to be
another point, should also tax at the point it exchange for service or goods, in fiat, in another word you will need to have that much of cash before you can even cash out.
I agree. Its sadly the standard since a few years in germany. U have to track every cent
Today Shiba coin is not only a meme coin,but it proposes new forms of financial freedom.
Yes I totally agree,we have control of our money over governmental and banking entities.
Same here lol, I also Earn weekly Profits of $23.830 on My Investment Since I started invest with Steven Cohen, his trading is the best I have seen.
Trading crypto now would be wise, but trading without a professional is really bad, I tried to trade alone, I completely lost a lot of money till I started trading with expert Steven that is a nice broker.
Woooo that man his good work has been everywhere. Been seeing a lot of good comments about him on several places. I feel more confident investing with him, I've been on the train for over two weeks now... best Broker for life
he is the best Broker, I have tried lots of professionals but got exceptional income trading with Steven Cohen he got the best strategy now earning over $18,300 every 10 days
"I'm sure you've seen what's in this bill." You really are a magician being able to say that with a straight face and not even flinch.
I know right? HILARIOUS ANDREI!!!!!!
I'm glad my parents are Portuguese. I just got my Portuguese citizenship and the government there DOESN'T TAX CRYPTO.
Guess what! You are not off the hook if you are an American citizen or green card holder
Yup, now it’s time to expatriate from the US.
If you have a dual citizenship you are still under US tax law. You would have to give up US citizenship to divorce from US tax law. Good luck
Just to let you guys know, if you make money out of crypto overseas, you are tax exempt for 140k per yr of your profits. Its called Foreign Income Exclusion Taxation. So even if you are a US citizen, and you still have to pay taxes if you make money overseas, just cap it to 140k per yr and you will be fine, and no taxes paid.
They don't tax... for now. Germany was the same until April of this year. I'm a US citizen in German, apparently I'm supposed to pay tax to US as well but I haven't paid anything to the US since immigrating here and every other American I meet here says the same, they don't enforce it, so the other comments have no idea what they are talking about.
Yeah I could sell my 2020 Lexus GX460 for $60k when I bought it in 2019 for $51k. That’s insane that I would drive off the lot and in two years make a profit.
In reality the price of the car is just keeping up with inflation lol
You didn’t make a profit. Inflation just makes it seem like it. Your buying power two years later still is less.
He might have made a profit. He'd have to factor inflation to tell for sure.
@@jgons. Well I could sell that truck on Private party for $63k the $60k was trade in value. Plus I could then buy a 2022 same trim plus a few extra features for $56k. So yeah I could profit and inflation is part of it but more so it's the low supply.
there are actually people buying off peoples lease just to resell the vehicle on the used market.
9:10 "They want people to pay their fair share"......
Define "fair share" Mr. Jikh; and please don't say - "It's whatever the government decides is fair."
You forgot about the unrealized asset tax they are wanting to do. You have gains you pay taxes on them.
This is my biggest issue with “socialism”
I'd like to say it's "the same progressive taxes that everyone else below the multi-millionaire/billionaire line is being expected to pay, without all of the rich-folx-only tax 'breaks' that help get those bills to zero." But realistically, it's "your fair share, based on said percentages, of what's required to pay for the publicly-funded programs our citizens want/need. But if you're rich enough to afford high-end financial advisors and qualify for those tasty high-income/investment-based tax breaks, that's gonna be pretty much nothing, so enjoy your free access to all the tax-funded infrastructure that makes your wealth possible."
I'd agree, if it was only the publicly needed/wanted programs, but you can bet your boots (if you own any) that the majority of the money will not. Those things thousands of pages for nothing
Thanks!
I loved the satire when you said I'm sure you see what's in the bill lol.
How else are we going to pay for this massive bill without taking more money from crypto investors?
To give you peace of mind, At least the poor billionaires will find ways to not pay for much (if any) of it.
The world is a better place, phew.
Fu_ers 😂
It's just a squeeze by the central bankers until they create problems they get to solve with their solutions which is full spectrum dominance cabal coin
Hey Justin haven't seen you post many videos lately. Always thought they were great, especially the solar related ones
They could take all of the money that the 600 billionaire us citizens have and it would pay for a full year of government spending. This will tax everyone.
This is almost like the bill that banned online poker in the US. Just a few pages attached to a massive unrelated bill...
Yup
That’s how they do it.
In italy online poker is legal, while live poker is Illegal, how about that
This altered the course of my life in a horrible way. I was a UB regular 😪
"I AM THE LAW" - Judge Dredd if he invested in cryptocurrency... (probably)
😂
Hola
It’s reason then...
Ooooh yeah 😂🤣😂🤣😂🤣😂
Would be a cool crypto 👀
investing and making profits is the best way to stay ahead of this ever rising inflation
you are right but not everyone knows how to trade
kathy genelle britton
search her on the web and thank me later
i have heard so many praise words for this Kathy,is she actually that good?
i don't know what you have heard,but she has really helped me
I'm curious how taxes will work on Staking since the value changes constantly with crypto
I recognize you to start making
million in BTC like I do,....Make a note to me directly on how to start 👆what-app👆
Probably same way it already works now - your taxes are assessed based on what the crypto was worth at the time you received it
Quick correction on the math:
If Gas is up 50%, last years 1000$ is 100% out of 150%. So it gets two thirds as far, not half -> 666$. Devil's in the Details ;)
Great Update though, thanks!
Thank you for pointing this out. I wouldn't have spotted it.
Ya. I thought the same. $1000/1.5 = $666. A 100% increase on gas price is $500 worth of gas on the video. Needless to say, the video has great content.
They are all wrong actually… he took the percentage of 1000 and subtracted it from 1000 😕
Bro you're good but u forgot to mention ONE very important thing... this won't be a law until 2024.. AND is subject to being tweaked.
You're welcome.
Right they have to give brokers and everyone else some time to get the infrastructure in place to handle the transaction tracking , 1099b’s , etc
And by that time I'll have moved to Colombia, where they are far less retarded about this than we are.
Nobody makes investment news more engaging and entertaining. Thanks for all you do Andrei!
Thanks for watching and commenting Don't forget to hit the subscription button for more info.. consultation.;;......and advice on how to make millions in BTC make a note directly to me text me 👆What-app👆
Thank you for the timely news
The crazy part is 6.2% doesn't include the necessities... like rent, gas, food
I think most long term crypto investors could have told you that inflation was going to be huge... It's like chicken little saying the sky is falling, but no one listens.
There are a lot of factors at play here that are contributing to it all... I'm not saying it won't go higher, but I'm saying that the current state of the world has been a huge catalyst for it.
We've been locked inside long enough for some of us to catch a glimpse of what our world could be like in a few years' time. This new digital age is almost at our doorsteps and it's going to be those of us who are willing to slowly embrace it now who will rise to the top in these coming years.
You could almost say that 2020 was more than just the beginning of a new decade...it could have been sowing the seeds for a new era in time. I guess we'll find the real answer with time.
Damn....... the chicken little reference killed me 😂🤣😂
Hope everyone who is reading this comment to become successful, keep going you will succeed 💪💯
Thank you Nick, I shall heed your words and continue to try my best to live up to your expecations!
I hope not, Capitalism is a competition I want to keep my employees, employees and I’ll keep cutting the check. Welcome to the real world
I always start your vids thinking “this time will be different, this time I will understand what your saying.”
But I never do.
Yet you back for another video again 😂 awesome is the word 😄
I live in SoCal…the container ships and containers stuck at the ports have nothing to do with a lack of “infrastructure”…it’s more of a bad policy issue AND a fluctuating market forces issue (which was caused by bad policy).
Helping 👆📲......................
Brandon is trying to “fix” the problems he created by spending an absurd amount of our money.
Getting close to taxation without representation.
Happened already wake up
Well past that
I love how Andrei says 'LOVE YOU' at the end of his video lol love you too!
Thanks for the compliment
Email me for more information and investment tips..☝
Andrei: - 6.2% inflation is insane.
Me: *Laughs in Venezuelan*
I’m sorry Venezuelan
For example: How would an exchange like Coinbase know what I buy and sell if I only buy USDT and then transfer it out to an international exchange and do all my buying and selling there? I loved to pay taxes if they stop wasting my tax money. I didn't pay taxes just so Biden can screw us some more, and those senators can take breaks and vacations a dozen times a year.
Unfortunately, that's EXACTLY what we pay taxes for.
Glad Biden could gift 73 billion dollars of military goods to Afghanistan. Building back better!
That’s why we need donald trump back 2024
Crypto is the new gold
cryptocurrency will be in every part of the world and I'm glad I trade with Expert Mark Anthony Henderson I comfortably recommend him to everyone
Trading system allow you to limit the factor of emotional influence on decision-making, That's why I took this opportunity so serious, now I trade with expert Mark Anthony Henderson and I have been making a lot of profit even in the dip
Expert Mark Anthony has managed my investment so we'll that my daily returns is assured
If you ask me, I think Bitcoin has something big for the world but having a good mentor is the best
Yes I agree with you What matters is getting yourself a good Trader or company that knows how to manage an account and make huge profits and Mark has really been a good Broker
What about sending those money towards DeFi protocols and allowing DAOs to vote on how to improve infrastructure with those funds
Email me for more information and investment tips..☝
That makes way too much sense to happen 😂
Keeping your crypto in a centralized wallet? Lolololol. So you'll never really do anything with it. Seriously, the US expect me to keep track of the price of eth every time I sell an NFT? That is nuts.
Yeah doesn’t make sense because everything is constantly fluctuating, in 1 min you could be in profit and the next your down $100 plus all the fees. It only makes sense to tax as soon as you swap crypto for fiat into your bank.
Wouldn't be surprised if this law was specifically designed to make centralized exchanges the only practical way to interface with crypto. Much easier to legislate against further if everything is already centralized and tracked.
This law makes me never want to touch a CEX again…
Most likely it will be automated, and at the end of the year the form will be sent to you with total profit or loss you’ve made. I don’t think it changed much anything
Ah yes, let's fix inflation by printing more money, 1930s Germany did it and it worked!!!!!!1111!!
Oh god
This is a huge over-dramatization. C’mon now
Well, the socialists in Germany made a few mistakes.
IRS try's to tax you, pulls out a dragon ball z power scanner... "no.... HES UNDER TEN THOUSAAAAAAND!!!"
Crypto Investors: “We’re smashing it baby, time of greatest wealth transfer! Making new crypto millionaires daily; what a great time to be alive!!”
Government: There’s no better time to borrow more, spend more and print more. We just have to tax bejesus out of crypto traders!
Its how they keep the plebs down
Government: Than call anyone who disagrees Trump supporters or tax cheats.
The fair share of taxes would be everyone paying nothing
Helping 👆📲
Thank you
*I will forever be in-depted to you 😇 you've changed my life I'll continue to preach about your name for the world to hear,* *you've saved me from a huge financial debt with just little investment, Thanks Ms Karen Investment* 🇺🇸
I received $10,000 💵💰 with Karen investment, I doubted it at first but now I’m the happiest person
Investing in crypto should be in every individual list in some months time you would be ecstatic with the decision you have made today.
Karen has been trading for me and I’m very happy investing with her company, I really want to say a big thanks to her
Since I started trading I keep loosing I almost decided never to trade anymore what should I do now?
Notification! Nice to see a new Video from you Andrei!
I was going to invest in crypto but I got a milkshake instead. Now I'm watching Andrei Jikh from the bathroom.
This is awesome news for privacy coins like Monero,Dero and Pirate Chain. The government can't tax those.
If you believe this bill is truly good for American, I don't know what to say anymore. That's why ordinary people is keep being played by politicians over and over, but still believe them
"The bill got majority support from both parties" False, it got a majority to pass but not from both sides
Dude i just found your channel and i really like the way you explained this video and showed us both sides of the coin.
Funny because everything in that time frame has declined in this time frame where I live in Thailand, for example my house rent is down 50% since covid hit.
The infrastructure bill is trash. You should tell the truth bro.
My thoughts at the end
I think the best work around is to exchange the Ethereum for USDC before bringing it to Coinbase.
Thank you for all the content you provide us
The thing is, you can use crypto like physical money. Send it from wallet to wallet. That's how you escape taxes. Never sell, but use it directly.
For now, just for now
Did you not catch what Yellen wants to do? They want to tax unrealized gains 👀👀
Which brokers are centralized for crypto?
When saving a downpayment on a home, do you guys recommend keeping it in a saving account until you have the down payment OR tying it in assets and investments and when it grows to downpayment amount withdraw? But wouldn't you be liable for taxes? What about a IRA?
Roth IRA allows $10k withdrawal without penalties for a house.
And yeah for taxable taxable account= VTI, SCHD, a good ETF. Dollar cost average in. When it’s time to cash out for the down payment, simply set aside some for taxes
So basically I'm f*cked. I made crypto to crypto conversions like 100 thousand times this year 🤯
Doesn’t kick in till 2024
Yep, you’re f*cked. Save a grand to pay an accountant to fix your mess.
Brandon can't fix himself breakfast, make a coherent speech, or get himself out of a wet paper bag. His administration is equally inept. They will go down in history at the worst administration... Ever. Jimmy Carter is looking better and better.
Let’s go Brandon 💪🏽
I’m so happy that i have a job especially in the covid space. it makes me concerned as to why people are so scared of working...
Most people are back working. There’s only a few unemployed now but that’s a mix of early retired folks, people living off their savings trying to start businesses or people not wanting to work unlivable minimum wage
Laziness
And fear due to comfort zone
Exactly what i had been wanting to know but haven't had time this week to deep dive. Thank you!
No taxation without representation
Keep investing on Cryptos, good stocks, nfts and Real Estate. Thats the future. I am concerned that all these spending will generate even more inflation. If you make good $$ then nothing to worry about, but if you make average income you’ll be crushed!
Helping 👆📲.......
Facts
Do you script your videos to make them so smooth?
Mine have always been choppy as I pause to get my thoughts together, you however, seem to be able to just talk so well for so long off the cuff. If that's not scripted then you have a gift.
I reckon it’s a mix of multiple takes of long talking and jump cuts when he switches to a different clip
His magic storyteller helped him here.
I recognize you to start making
million in BTC like I do,....Make a note to me directly on how to start 👆what-app👆
Great information .... I will send this to my friends Thanks 🙏
My video stopped loading right after he said "But in a nutshell", I've never been more on the edge of my seat
Email me..☝
I watched this whole video and then remembered I was from Canada..
Lucky
That law literally has nothing to do with infrastructure. Lol
Helping 👆📲......
So you haven't read it
0:12
Helps in getting more money. Infrastructure isn't free.
You must live in California. We are overheating the economy and we will continue to see supply chain issues and inflation rise until we realize that we can't keep printing dollars. Let's go Brandon!
He lives in Vegas
Yall got all them ships backed up in the ports
I just wanted to let you know how much I appreciate your time and content! Keep up the good work my guy and the best of luck to you!
@Andrei I am not sure if anyone caught it yet buy you craft your spoken information in such an eloquent way while at the same time taking the VERY strategic structure of your words to keep us studying for what your actual preference is. I mean it takes some proper skill to elude detection with sharing your opinion while speaking on such a polarized subject.
Dang I really can’t begin to find how to describe what you have done in words. You bring both sides of the argument to the table then just make us think about it without swaying us in a clear direction. Now I am left just pondering here. And you know what, I appreciate it.
Thanks for the compliment😊❣️
Don't forge to email me for more information and investment tips..☝
So scared to do my taxes after this crypto bull run
Why are you even selling we're just getting started!
Don’t sell!
Not hard. How much you paid - sold giving profit.
I haven’t sold but I’ve traded and swapped so many coins around. I believe that’s also a tax event!!! :/
These changes for crypto won't be in effect until 2023 correct? We still have time to change it?
Were you able to find this info out for tax season 2021?
Andrei, you're such a good little sheep by keeping your crypto on centralized monitored exchanges. Most of us got into crypto based on its decentralization.
most of us got into crypto to make money lol
Decentralized is its power spirit
Im from the UK & find it mad that we had ships filled with fuel waiting outside the ports because the price was so low because no one was driving with lockdowns. Now its way up? We still arnt back to full traveling but the price has shot up
Hello Andrei,
Thank you for all the updates for OMI. I do have question. I bought the OMI coins though bit forex Do you recommed hold all the omi coins under the bit forex or hold in the wallet ( if yes which wallet do you recommed ) Any other trading platforms for OMI ?
is the bit forex centralized exchange? if not what exchange do you recommed for the OMI coins ?
Thank you
Hi Andrei,
Thank you for the reply but I can’t seem to add it with the number it show .
they're saying, yeah inflation, but transitory. When it stops, it doesn't go back to "normal" tho (does it???)
Maybe this will change when the King gets out of office.
@@jcombs5495 *dictator. And it will be too late, this will murder the economy.
Everything is right on schedule according to Klaus in the covid-19: the great reset book, smh. I suggest reading this book and you'll understand that everything that's going on has all been planned and precisely calculated
Yup people will still call us conspiracy theorist.
The bible talked about this long time ago
I just glanced at the wiki for that. It makes me nervous. I also have to counter my anxieties and remember that in 1998 I was telling everyone that the UN was going to take control because of Bill Clinton executive orders and impose a new world order, deny rights and so on. Then I experienced the same kind if uncertainty with Bush and Obama... What's different is we didnt have COVID back then, so that one factor makes me wonder and gives some credibility to suspicion ovet the reset. Ill check out the book
Still want to know what is this wallet that you are using to keep your coins
He listed them in past videos
I think blockfi and voyager
My dad always told me that the worst words you can possibly hear are "Hi im from the government and im here to help."
Email me for more information and investment tips..☝
The math on the context isn't correct. Percents aren't transitory like typical multiplication; direction matters.
Gas increasing by 50% means you need 50% more money to buy the same amount of gas. That means your $1000 of gas would cost $1500 now. Implying you can only afford 66.7% of what you could have bought. Meaning your $1000 is worth $666.67 now, not $500.
Great Video Andrei!
When I find myself watching Andrei I feel like im doing something right
Inflation will not go away until the federal reserves printer stops going BRRRT
Helping👆📲. ..
So is swapping crypto supposed to be considered taxable if you never go to USD? Or is it only when you turn it to USD? It wouldnt make much sense to me that trading $10 of eth for 10$ of something else is taxable, there was no money made at all. If so, then what if I bought my eth at $20, then later it went down to $10 and then I trade it for $10 of something else. Then what? I took a $10 loss even though you can't have a loss if you don't sell for less than you purchased.. Its all a bit confusing.
*slaps roof of country*
Inflation? Printing money ought to fix it.
Bro, I love how you take that mumbo jumbo and make perfect sense out of it. You the Man!
Highest inflation, lowest approval rating.
'Most popular president ever,' they said. 'Most fair election ever,' they said.
Hey Andrei! If you don't mind, can you please make a video (or at least link in the description) on what news sources you use to find information about all things related to the SEC and important cryptocurrency news. Thank you!
Thanks for whatching 👍👍
Kindly send a direct massage 📱📱
Hit me up 👆💯👆
Another excellent video.. good information ℹ️
Inflation IS a tax.
Helping 👆📲......
That’s the plan
Fixing inflation through more debt spending 🤔
Debt in and of itself is not a bad thing, it's what debt is used for that is or isn't a problem. If I go into debt to purchase an asset for example that's going to pay me in the long run then that debt doesn't bother me. I've got no problem spending on things we actually need like roads, bridges, electric grid, waterways etc. I do have a problem giving billions to large businesses that then take that money and buy back stocks and or give bonuses to ceos. We've been spending for decades, it didn't just start and inflation happens every year regardless of what's spent, its literally built into the system the fed has repeatedly stated a 2% target so the only real argument is how long till the raise interest rates to offset inflation as they have in the past, 70s for example. A better argument can be made against low to no interest rate as an inflation driver in my opinion looking back through history.
Thanks Andre. It's good to know the other side of the coin. The regulations need to be updated by people who know the space, but we knew this was happening.
Oh my head! I'm going to pretend I didn't watch this video on "taxes' , thanks Andei :)
Andrei, I would like to k ow your thoughts on sos. It just seems to keep going down. Do you think this is a good stock. I learned about it in your video from early this year.
Can you please make a video about all the regulated platforms for crypto and stocks to invest in ?
St.Kitts Passport is just a 150K away boiiiss!