In the United States, realized gains are considered taxable income. For example, If I possess a share of a company, once I sell that share the resulting profit is taxable income regardless if I take the profit and immediately reinvest it by buying more shares. Another example is a shop keeper who has unrealized earnings in the goods on his shelf of his store. Once the shop keeper sells a good, the shop keeper receives the realized earning in currency and that currency becomes taxable income regardless if the shop keeper received less/more of the fair value of the good.
In theory, financial transactions regarding a crypto token that has 2 values assigned to it, can in my opinion, result in a heterogeneous ending of the transaction. Fiat currencies, stocks, singular crypto, gold, and silver etc do not have 2 values. However, if you had a coin and one side is gold and the other side is silver then you have 2 values which can also described as heterogeneous.
A payment received as a 2 value token can explained using a simple transaction. A shopkeeper is selling a cup of coffee for 1 LCC. A customer buys the cup of coffee for 1 LCC. The shopkeeper opts for a 2 value token in which he would receive a single token with one side that has value of 1 LCC and the other side the value of a stable coin(value coressponding to the exchange rate 1 LCC /stablecoin).
In theory, the shop keeper received a heterogeneous payment and therefore this transaction is in suspension until the shopkeeper makes an additional step and redeems either of the 2 values: the shopkeeper swaps the token out for 1 LCC or redeems the stable coin. The transaction is now homogeneous and made whole. Side note, before the 2 value token is redeemed, the first value,stable coin, is considered an intangible I.O.U note meaning it has not yet been subtracted or added to the stable coins blockchain nor the shop keepers wallet. For the second value, LCC, it has been subtracted from the consumer's wallet who purchased the coffee and is placed LCC blockchain's frozen supply. The 2 value token is immutable.
Another application can be during a swap. Either party can opt for a 2 value token. I swap a LCC for a BTC. I can opt for a 2 value token(BTC/StableCoin) instead of a homogeneous BTC.
Benefits are:
clients with 2 value tokens can theoretically claim the transaction is heterogeneous and therefore has not been made whole so it is not a realized gain for taxable income;
savers, especially during periods of low interest brought by central bankers, will pay no income tax on their 2 value tokens thereby creating a short to medium term tax savings that will offset poor returns from savings accounts and other financial instruments that rely on interest rates.
A new financial instrument for a new market of swaps for 2 value tokens. Because both tokens that were swapped were heterogeneous, there is no realization of gains.
Není vyžadována žádná kreditní karta