Mark J Kohler Shorts

4 ай бұрын

How Much You Need in Your Retirement Account By Age

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@minekiehn16193 ай бұрын

Why are we barely getting by and paying 33 percent wtf

@Gent0034 ай бұрын

This guy is wrong lol

@binuvasu4 ай бұрын

Corporate gains tax in Europe doesn't work like that. As long as you don't sell it for Fiat, you are still invested.

@aproposrobin4 ай бұрын

I'm just gonna point out that this OP doesn't seem to understand that no US dollars are used at any point during such a transaction. You literally can't tax it

@Caseylawton4 ай бұрын

What if its a swap and and not an actual sell? Gains are never realized at any point.

@FakeName394 ай бұрын

Yea because the government should get something of mine when they did...... Nothing.

@ChrisHudsonJ4 ай бұрын

Bad example using real estate - you 1031 exchange to the new property and its a non-taxable event.

@zz80374 ай бұрын

you can defer taxes on real estate. so it kind of is (not taxable)

@ChrisHudsonJ4 ай бұрын

Yup, 1031 exchange. No taxes owed.

@shawnrio12844 ай бұрын

Not if you're smart and you don't do it in your name

@MattFromDaNorth4 ай бұрын

This is the full court press to treat crypto as stock, not currency

@USA-freedom4 ай бұрын

But it's not currency. At least not in my world. I'm sure you can treat it as a form of payment but currency it's not. You can trade anything for something in return. That's doesn't make it currency. I could trade you a bike for a watch. But I'm going to have a hard time buying grocery's with that watch you gave me instead of $30. Bitcoin is traded sort of like commodity. Wheat rice coal oil all commodity's. But you can't just exchange one for the other. You have to sell first than buy. Selling at anytime at a gain is taxable. It's never been anything other than that. Giving it a name like Bitcoin doesn't magically turn it into currency.

@MattFromDaNorth3 ай бұрын

I respectfully disagree. Currency is "a system of money in general use in a particular country" Does not matter who issued it. its a "system", trade in anything at that moment in time is "currency", In a post apocalyptic world, firearms cartridges and bags of flour will be currency's, The key metric for defining currency is "In general use"

@USA-freedom3 ай бұрын

@@MattFromDaNorth Where the fuck did you get this dream from. Currency is money plain and simple. Exchanging flour for a watch is bartering. Just because i gave you a watch for a bag of flour doesn't mean the next person will view the flour to be worth a watch. Currency can be used in every exchange. With currency I can buy a watch or a bag of flour. Currency be it coin paper or check back by currency is the universal exchange payment. Crypto is not currency. It's value is base on how much it's worth in.... currency. We are not living in a hypothetical post apocalyptic world.

@scottboyer84504 ай бұрын

Taxation is theft.

@MrRandommanz4 ай бұрын

It's not the same as selling on then buying another u are trading one token for the other.. when u trade usd for aud u don't pay a tax

@MrRandommanz4 ай бұрын

But ur not selling it u can trade one token for another one ur not selling it

@USA-freedom4 ай бұрын

To make the exchange the value it's at is what's consittered the sale price. If you bought it at $10 and traded it when it was $12. You made $2 on it. That $2 is completely taxable. BUT it you bought at $10 and traded it at $9 you pay no taxes for you never made anything off it. You are not going to win this battle.

@MrRandommanz4 ай бұрын

@@USA-freedom but nothing has been sold

@USA-freedom4 ай бұрын

@@MrRandommanz Than you made no exchange. The exchange is the sale. If the Bitcoin was worth more at the time of the exchange than when you first took control of it than you made a profit. This was bought as an investment in the hopes of making a gain... correct? Bitcoin has a dollar value correct? Pretty sure Bitcoin isn't a hobby where you just do this for the fun it.

@USA-freedom4 ай бұрын

@@MrRandommanz You buy stock you exchange stock for another stock. If that stock was worth more at the time of the exchange you pay taxes on that gain. You could hold that stock OR Bitcoin for 10 years and not pay a penny of taxes on either. But when you sell or exchange both if there was a gain you pay taxes in both cases.

@smokethetruth4 ай бұрын

They can come pry their taxes from my cold dead fingers

@BeirutPapa4 ай бұрын

Decentralized exchanges and non-kyc machines are the way to go... If they don't know... they don't know...

@spiffymcfunkerton4 ай бұрын

So how much do I get taxed when I get Euros for my USD?

@USA-freedom4 ай бұрын

Nothing is the short answer to that simple currency question. Bitcoin is not currency. Giving this cyber commodity a name like Bitcoin doesn't magically turn it into currency.

@USA-freedom4 ай бұрын

Let me add you will pay an exchange rate. Going both ways if you decide to exchange back.

@cryptocuzzins92144 ай бұрын

Technically the government has an identified what cryptocurrency is yet so at this point it still has the same classification as baseball cards trading one baseball card for another so at what point is there a taxable event until they identified as an actual currency, security or commodity. Bitcoin has already been declared a commodity the rest???

@investmentanalyst7794 ай бұрын

No idea what you’re talking about. Crypto tax laws were established years ago. It’s exactly as he said. Any conversion of crypto is a sale taxed at income. Yes, that includes buying something with crypto, counts as a sale. lol what you’re talking about has nothing to do with taxes.

@YT978984 ай бұрын

This is wrong. How can you pay fiat tax, if you haven’t realized fiat gains? Where does the money come from? Out of thin air? You literally cant pay tax. The government doesn’t accept capital gains tax in bitcoin or eth. So you pay the gains tax when you realize it. The issue here is timing. Imagine buying a gold bullion 10 years ago, and you stash it at home. The government does not require you to pay taxes each year on it right? Same with homes, you pay capital gains tax when you sell.

@DigitalSteel4 ай бұрын

The IRS does not really care that you think it is wrong... They will still tax you for gains made at the time of the transaction since that is in fact how it works.

@purem1ch1gan4 ай бұрын

Also you can buy and sell freely within an IRA, withdraws and deposits are the taxable event, like you said realized vs unrealized gains.

@Tounguepunchfartbox4 ай бұрын

@DrWr1ghtwell that’s because you’re poor lol.

@stopcensoringmen50444 ай бұрын

This is why your crypto should be Monero XMR.

@fjl054 ай бұрын

how are you going to trade it without an exchange?

@BioVisier4 ай бұрын

100% Basically the whole point of crypto was to tell the tax departments to go and get fucked, along with the governments that control them. Tax is theft.

@CloakBJJ4 ай бұрын

Lol, and he cites a 1031 like-kind exchange as an example. Talk about not understanding the tax law and doesn't know what the hell they're doing.

@throughmyshadow4 ай бұрын

His previous video was about 1031s.

@FroisonControl4 ай бұрын

memory of a goldfish maybe?

@yrutripping4 ай бұрын

The only way you can trade securities, and recently crypto, without incurring a tax liability is thru an IRA. Assuming your brookerage allows crypto trading. Then you can make the incorrectly worded claim, "It's still invested, so it's not a taxable event". I can totally imagine some crypto bro on Discord saying that.

@dsuperior22824 ай бұрын

Free money 💵 for the migrant😊

@cashual60474 ай бұрын

Dont care They will never find out

@investmentanalyst7794 ай бұрын

Literally reported by the brokerage… don’t report it. Those extra 150000 IRS agents are waiting for you not to report it. Then will wait 3 years to hit you with the audit so they can charge you the MAX penalty they can plus interest. That $300 you didn’t report just turned into $9000 tax bill. GOTCHA! lol works every time.

@Cruiser2034 ай бұрын

GOTCHA lolyou get so excited thinking about getting on your knees for the government don't you @@investmentanalyst779

@cashual60474 ай бұрын

I use a vpn, so i'll be perfectly fine.

@investmentanalyst7794 ай бұрын

@@cashual6047 lol vpn isn’t going to hide you in the slightest. KYC buddy. And Every transaction is also public. Literally no hiding at all. Actually made it easier to find criminals.

@OracleAlgo4 ай бұрын

Tell me how they link a defi wallet that has never been associated with a KYC exchange and I’ll pay you 1 million cash

@honour54714 ай бұрын

You can avoid fbi, homeland security etc easily compared to irs. Irs is the strongest lmao ofc they are smart enough

@reginaldsafety60904 ай бұрын

2 million seems like a lot until you consider that when you take it out it will be 2060. If its 401K money you're gonna pay 20% tax too. 2 million isn't gonna be a ton of money in 2060. Inflation is a thing. SS may shore that up if its still a thing in 30 years.

@fleamarketjunk21414 ай бұрын

Don't listen to this guy's Life your life now not 40 years from now

@CreatorsExpress4 ай бұрын

You still owe your state about 300 even with no employees or if you haven’t done business and you have to remain in good standing so you don’t forfeit the llc.

@user-rn3px3uo2r4 ай бұрын

Amen!!!! ...take that I r.s.!!!

@Teddy_Vilardi4 ай бұрын

What percentage of taxes can they take out of zero. Lol is isn't it after 5 years you don't make any money the government looks at it as a hobby? I wondered that

@leonbelton34604 ай бұрын

Promo-SM

@kbowler92664 ай бұрын

Depends on who your asking. Life expectancy gets longer over time. Cost of living get more expensive over time. How will you predict how much money anyone will need? You cannot be sure how it will all play out for each individual. You can't know what will be happening even in 20 years.

@javythebest14 ай бұрын

I like his sarcasm

@Cloudedits04 ай бұрын

Bro is trying to scam sum kid

@BerryChickenNud4 ай бұрын

My home is a write off because I sleep there which makes my work more efficient thus is related to business

@IMDYT4204 ай бұрын

This guy gets it 😂😂

@stuffidowhenimbored22194 ай бұрын

Idea, don't buy it, let Apple make a Gen 2, and that's gonna be cheaper, and better

@maxwell68814 ай бұрын

"Cheaper" lmao got anymore knee slapping jokes?

@stuffidowhenimbored22194 ай бұрын

@@maxwell6881 I don't like Apple, I'm an android user, but the iPhone was expensive on it's first generation, the next iPhone was cheaper. that's why I think that it will be cheaper. although to be fair, It is Apple.

@Noobestbutcoolest4 ай бұрын

yap yap

@gamingwithgeko73775 ай бұрын

I took my buddy on a trip 300 miles away and bought him lunch on this island, while we were there we talked about future prospects that I may be able to either hire him as an employee or something. We talked about the logistics of the work and how he would be payed. But realistically I'm at least a year away from the income making hiring an employee worth it. And I would have taken him anyways and bought his lunch. Should I be able to use that as a right off or because he was a friend and I can't realistically hire him for some time, would it still qualify? In your opinion. I won't take this as legal advice lol.