Charles Hoskinson Talks Capital Gains Tax, Saying it’s Depressing Sh*t

Charles Hoskinson Talks Capital Gains Tax, Saying it’s Depressing Sh*t


Referring to the capital gains tax proposal that will see top earners pay as much as 43.4%, as well as other political shenanigans, IOG CEO Charles Hoskinson said:

“a lot of depressing sh*t coming down the pipe there that really p*sses me off. It’s just an endless river that one. Why do we pay taxes when we can print trillions of dollars?”

The tax hike news coincided with a heavy market correction, with almost all crypto tokens hit with double-digit losses. Should the proposal pass, Hoskinson said he would see a two-fold increase in his tax liability. But how does he plan to deal with the issue?

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President Biden is thinking about doubling the capital gains tax for wealthy individuals to pay for social spending. Those at the top rate, earning $1 million or more, could be hit with a federal tax rate as high as 43.4%.

Both traditional and crypto

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