6 Comments
Mar 23, 2023Liked by Nameet Potnis

these rate hikes by fed will drive the banking system into the ground

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Mar 22, 2023Liked by Nameet Potnis

What are the pros and cons of regulating/classifying NFTs as collectibles?

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author

"classifying NFTs as collectibles could impact how they’re taxed when swapped or sold on secondary markets. Depending on a person’s income, short-term capital gains taxβ€”which NFTs are subject toβ€”ranges from 10% to 37%. But capital gains on collectibles is capped at 28%." ... fyi

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This helps, thank you

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AnonymousMar 22, 2023Liked by Nameet Potnis

oh ... that will take you down the capital gains tax hole. and irs don't go easy on that, and it is huge. think profits wiped off to the tax treasury

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fed is running the whole system round and round. only if so much liquidity was not pumped in ... it all seems like a game of power now

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