RETIREMENT HACK 🚀 Dad has $100K in Bitcoin. Instead... of holding it in a normal account, he opens a Roth SDIRA. The asset grows to $5M. If he sells in a normal account, he owes $1M+ in taxes. But inside the Roth, it stays for 5+ years. He withdraws $5M tax-free after age 59.5. No capital gains tax. No income tax. The bank is the custodian, but Dad is the master.show more

YOU ARE PAYING TAXES ON BITCOIN GAINS YOU LEGALLY... DON'T HAVE TO. Daniel sold $500,000 in Bitcoin and realized $400,000 in capital gains. He owes $95,200 in federal capital gains tax. He pays it. Loses 24% of his gains. Moves on. Here's what he could have done legally instead. Daniel could have rolled $400,000 of those gains into a Qualified Opportunity Zone Fund within 180 days. Under the Opportunity Zone tax program, that gain becomes deferred until 2026 or until he sells the QOF investment. If he holds the QOF for 10 years: any new appreciation inside the QOF is tax-free. Tax paid today: $0 (deferred). Future gain on the QOF: 0% tax. Original $400K gain: $95,200 saved this year, payable later at his choice. Daniel could legally turn a $95,200 tax bill into a $0 bill, while putting the same money into real estate or businesses in designated zones. The Opportunity Zone program is the largest tax-deferred investment vehicle Congress has passed in 50 years. Most retail investors have never heard of it. Real estate investors have used this since 2017. Bitcoin gains qualify under the same rules. The first Daniel paid $95,200. The second Daniel paid $0 and built equity in a real estate fund instead. Same gain. Same intent to invest. Two completely different tax outcomes. The IRS doesn't write you a refund check for being uninformed. Stop paying taxes you don't owe.show more

Mam Nirmala Sitharaman identify this pastor and send him... an Income tax bill. He is boasting that in just 2 Sundays he received 38Lakhs. IT department can calculate his income per annum and collect the tax accordingly. If he didn’t pay tax for previous years, fine him and put him in jail for tax evasion. Govts are collecting ‘taxes’ from temples. But ⛪️ and 🕌 are amassing wealth without paying taxes.show more

On Tuesday, Gov. Bob Ferguson announced his support for... a Washington state income tax. He says he “will not support an income tax for people who make less than $1 million in a year.” But he also said in January that “we must be willing to right-size government and prioritize our spending” before approving the largest tax increase in state history and more runaway spending by legislative Democrats. The truth is, it will be millionaires today but could be you tomorrow. When the federal income tax was enacted in 1913, only about 2% of American households filed a tax return. Today, it’s nearly universal. House Republicans oppose new taxes. State government has a spending problem, not a revenue problem.show more

Aaron the plumber is exposed. A deadbeat dad running... from child support. He can pull 100k out of the bank, but owes back child support. He is only obligated to pay $124. No history of employment the last 2 years, but black women got him fired?show more

Value-added tax is the "least painful tax," and Russians... won't notice its increase from 20 to 22%, Russian finance minister Siluanov said. Meanwhile, the CEO of VTB bank, Andrey Kostin, said that tax hikes in 2026 will have a negative impact on business, but the Russian budget needs money, and so far, it "has not found any other means of increasing revenue." "Tax hikes on top of high rates will further reduce business activity in the country and may ultimately lead to a decline in tax revenues. Because less business means fewer taxes. So far, the economy is holding up," he said in an interview with Reuters.show more

Bitcoin holder buys 3 BTC for $30,000 in 2020.... Worth $195,000 today. July arrives. Summer trip. He needs $50,000. If he sells 1 BTC, he triggers $55,000 in capital gains. Pays $11,000 in tax. Walks away with $54,000. Loses the upside forever. Instead, he borrows $50,000 against all three. Keeps every sat. Pays around $5,000 in interest over 12 months. Summer funded. Stack still growing. IRS gets $0. (This is for informational/educational purposes only and does not constitute financial, tax, or legal advice. Cryptocurrency investments and tax strategies carry significant risks. Consult a qualified professional before making financial decisions)show more

In a not so distant dimension, Washingtonians will enjoy:... ✅ Income tax ✅ Sales tax — highest in the nation ✅ Estate tax — 3rd highest ✅ Gas tax — 3rd highest ✅ Business and Occupation tax — only state with a gross receipts tax ✅ Capital gains tax Tax climate ranking: 45th worst But sure, it's only for millionaires. Must feel amazing to be number 1.show more

KABOOM 💥 The FBI just RAIDED a $35M Mansion... and arrested California tech CEO Jamshid Ghomi for supplying U.S. equipment to Iran's nuclear and military establishment Ghomi moved over $15 million from Iran into his U.S. bank accounts and a separate escrow account, falsely reporting the money to the IRS as a foreign inheritance, according to the DOJ. His federal tax returns reported almost no income with his highest reported income in any year being $20,684. He allegedly claimed the tax break intended for low- to moderate-income working individuals and families, in seven different tax years while reporting more than $1.7 million in mortgage interest. 🐸show more

💰JUST IN: Crypto.com ANNOUNCES BLENDED CRYPTO & STOCK RETIREMENT... ACCOUNTS Crypto[.]com today announced the launch of Crypto[.]com IRAs, the first-ever crypto native mixed asset retirement accounts offering, featuring IRA accounts for Stock and Crypto holdings all seamlessly accessible through the Crypto[.]com App. Crypto[.]com IRAs provides users several distinct benefits to create a comprehensive and rewarding mixed asset retirement account offering – including a design for tax-deferred or tax-free growth with Traditional or Roth IRA options. The also include up to a 5% contribution match; an uncapped up to 2% match on transfers and rollovers, and zero account fees to open, transfer, or maintain an account.*show more

Update from today's budget debate: In the middle of... a cost of living crisis, Beacon Hill is increasing spending on legal services for illegal migrants. $5M ➡️ $7M in one year. But when it comes to tax relief for working families? Suddenly there's "no money." Priorities matter.show more

The IRS is giving you a 100% write-off for... buying Bitcoin miners? Under current tax law, Bitcoin mining hardware qualifies for 100% bonus depreciation. That means if you are a business owner or investor, you can write off the entire cost of your miners this year. Keep in mind, it is for the year they are placed in service. So if you are planning to capture a deduction on your April 2027 tax bill, your miners need to be hashing prior to December 31, 2026. If you have capital gains, passive income, or just a big tax bill, this is one of the most sophisticated ways to achieve a write-off and achieve Bitcoin exposure. If you are serious about building wealth and reducing your tax burden, this is the move.show more

🇪🇺 THE EU IS DISCUSSING A UNIFIED CRYPTO AND... GAMBLING TAX For crypto traders, this could be bad news. Reports suggest the EU is exploring measures such as: • A crypto transaction tax • Additional capital gains taxes • Expanded reporting requirements The biggest concern is a transaction tax. Unlike capital gains taxes, you’d pay it on every trade. It doesn’t matter whether you made or lost money. That means: • Lower profits for traders • Higher trading costs • Reduced liquidity • Wider spreads The EU argues that unified rules create clarity. But for active traders, more clarity doesn’t help if every trade becomes more expensive. Nothing has been approved yet, but the direction is clear: Crypto is increasingly being viewed as a source of tax revenue.show more

Wild how hard it is to build your first... million. Half your income disappears before you touch it. Income tax. Inflation steals from the half you keep, because printing money is just a tax they don't call a tax. You pay again every time you spend. Sales tax. You pay again if your investments grow. Capital gains. They now want to tax paper profits you haven't even cashed out yet. Unrealized gains tax. And if you grind through ALL of that and finally cross $1M? There's a Millionaire's Tax. An extra surcharge. A punishment for winning the game they set the rules to. They will tax your ambition at every single step. And then celebrate when you give up.show more

The IRS doesn't care if you buy Bitcoin. But... they might care if you buy mining hardware. Scenario A: Buy $50k of Spot BTC. Result: You own $50k of Bitcoin. Your taxable income stays the same. Scenario B: Buy $50k of ASICs. Result: You own a machine producing Bitcoin AND you potentially unlock a $50k write-off against your income. You are acquiring the asset and reducing your tax bill in the same year. This is why business owners mine. It’s not just a tech play. It’s a tax play.show more

Trump Organization found guilty on all counts of criminal... tax fraud... But, but, but, stop the presses, Ashley Biden owes Pennsylvania $5,000 in taxes! The latest line of attacks from the GOP are against President Biden's daughter, Ashley Biden, who they claim owes $5,000 in income taxes, according to a recent tax lien docket obtained by Fox News Digital. The things that the media pick up on are sometimes crazy. Yes, if she still owes this amount to the State of Pennsylvania, then should pay it, but come on! Some of the same outlets covering this story are completely ignoring, or even worse, defending Trump in the $250M lawsuit in the State of New York against him for Fraud. At least be consistent!show more

Everyone shouts "Tax the Rich"... but look at the... facts. A $150k earner pays around $30,600 in federal tax. A $25k earner pays about $1,200. It takes 25 people on $25k to contribute what one person on $150k does. So why drive high earners out of the U.S. when they already shoulder most of the burden? The problem isn't how much tax is collected. The problem is how much the government wastes. Stop blaming the rich. Start holding the government to account.show more

“If you put your child on payroll, you can... pay your child up to $15,750 without your child needing to file a tax return... Then from the $15,750, you could take $6,000 of it and put it into a Roth IRA... and that money is growing tax-free."show more

"In Singapore, you can file your IT return in... just 5 minutes. There’s no tax on capital gains, FD or property sales. This is the real ease of doing business unlike India." — Samir Arora, CEO Helios Capitalshow more