Bitcoin News

Bitcoin Billionaires Beware – Tom Wheelwright and Robert Kiyosaki on Bitcoin taxes





If you sold, mined, or traded cryptocurrencies in 2020, then this episode is for you! Tom Wheelwright, Rich Dad Advisor on Taxes, warns listeners as they prepare for filing taxes this year, “Anytime you use or trade your virtual currency, that’s a taxable event.”

But what does trade mean, exactly? According to Tom, if you did anything other than just buy it, then you have to declare it—if you don’t it’s a felony.

In addition to the tax rules of cryptocurrencies, Tom and Robert discuss opportunities to pay less taxes on other commodities like gold, silver, oil, and solar. And as Tom predicts, Green Energy investors will be rewarded with incentives in the near future because every government wants cheaper energy.

Host Robert Kiyosaki and guest Tom Wheelwright discuss what changes are happening for gold, silver & Bitcoin, and how you can pay less taxes, legally.

To learn more about the IRS Tax code on cryptocurrencies, visit:

Facebook: @RobertKiyosaki

Twitter: @TheRealKiyosaki

Instagram: @TheRealKiyosaki

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32 comments

  1. Good video, What do you think about $SUB, $TRX, $PMA, $PPT, $XDN, $BDG, $BTT, $DGB, $EXM, $CRO, $MATIC, $CELR, $ARK, $RVN

    Reply
  2. He keeps saying « capitalism is wonderful » but he’s actually taking advantage of CRONY capitalism, which is to bribe politicians to write laws that benefit the rich to the detriment of the not rich.
    IT’S SOCIALISM FOR THE RICH!
    America is a socialist country for the rich. Not paying taxes is the equivalent of subsidies. Rich receive handouts.

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  3. Robert, GOD BLESS YOU SIR !!! Such a wonderful dispostion and SAGE ADVICE ! ~,;)<333

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  4. The best way to build a higher net worth, BE like the rich people who invest in time When money realizes that it is in good hands it wants to stay and multiply in those hands investment today is a source of income tomorrow.

    Reply
  5. Thank you so much for this episode. I have listened to it twice and I plan on listening to it 10 more times. Thank you, thank you, thank you.

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  6. Work hard, save hard and then they tax you more.

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  7. I'm still confused about Bitcoin can someone put it simple speak? Yeah I know I'm slow.

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  8. “Don’t panic “

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  9. If you don't like Bitcoin having a public ledger then buy Monero and wait until everyone else realizes publicly available transactions aren't a good idea.

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  10. Gold is the real investment. Bitcoin is a farce like paper. They're pushing us to Crypto because they are hoarding Gold. Virtual Currency isn't real, hence its name.

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  11. Tom's a real cool dude. 😎👍🏻

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  12. But taxation is theft

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  13. I heard Bitcoin is slow transaction and Litecoin is faster transaction. I have question what oil is a good investment.

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  14. This isn't smart but it does smart us poor people that don't have asset portfolio's. it is laws like these that make the rich richer and the the poor still poor. This is not applicable for most people. What is stupid is to keep paying into a government that is a controlling lying son of a bitch giving it's rich friend's a break.

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  15. move countries

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  16. Time to open up a Panamanian Corporation that buys and sells BTC & ETH

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  17. This expisode is really simple to break down… You hold, trade with places like bybit (no kyc aml) and then just sell a chunk when you want a nice car, house , boat or whatever. Anything over 12 months in HODLing is the lowest tax bracket capital gains… And if you are in Germany, Singapore, Saudi Arabia and a bunch of other nations, then it's a ZERO capital gains tax bracket, because of different laws.

    The US is simply way behind the 8 ball with taxation on a global scale.

    Reply
  18. bitcoin and cryptocurrencies are very trackable. every wallet and its transactions are printed on the blockchain for everyone to search and you cannot remove them. a common misconception of crypto.

    Reply
  19. "Bitcoin in roth ira" — That's fantastic..!!

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  20. OUR TAXES ALL GO TO CRIMINAL ACTS BY THE RICH

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  21. IF WE ALL STAND UP AND NOT BE COWARDS AND SAY NO TO TAXES UNLESS THEY TEACH US MORE OF IT WHICH THEY WILL TRY NOT TO SO THEY COULD MAKE ALL THE SMART MONEY MOVES

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  22. They are the criminals!

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  23. You can use $80,000 Bitcoin tax free if you have it over a year.Long term capital gains stars after that.

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  24. ooowww a felony what a crazy world maybe its a felony to have fiat currency as well.

    Reply
  25. Do you need help getting Small Business Loan?? Get your SBA PPP LOAN with ease even if you have credit issue or not

    Reply
  26. This guy is.. Clueless. BTC is China mined, used to launder illegal $$.. & trading is.. Shut down by July

    Reply
  27. and that's why there is Monero

    Reply
  28. Where do you buy your bitcoin and ETH-USD

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  29. Tom's so good, the IRS pays HIM!

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  30. Tom is with his weight in gold

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  31. How can I move to Puerto Rico so I don’t have to pay capital gain taxes?

    Reply
  32. I'll will enjoy watching the IRS get them on tax evasion.

    Reply

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