- 7 weeks ago
HIDDEN TAX TRAP EXPOSED | Why Bitcoin Is the ONLY Escape for Investors
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\#Bitcoin
\#CryptoNews
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\#InvestingUSA
\#FinanceNews
\#CryptoStrategy
\#MoneyTips
---
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TVTranscript
00:00Earn it? Payroll tax. Receive it? Income tax. Spend it? Sales tax. Invest it? Capital gains tax.
00:08Save it? Inflation. Every move you make with your money, there's a detached hand on the other side
00:14waiting at a toll booth. And here's the kicker. They're the ones that built their own. In this
00:18episode, we're going to break down how the system extracts value at every stage of your life
00:22and how Bitcoin flips the script on that. I'm Oceans. This is Beyond Bitcoin. Get ready for
00:28another one. And of course, the government couldn't really pay for its policies and its wars
00:39with taxes. We didn't pay for World War I with tax. We didn't pay for World War II with tax. We didn't
00:45pay for Vietnam with tax. In fact, you know, when you trace this, what you realize is the government
00:50never pays for all of its policies with taxes. Because it's too painful to ask, to raise the
00:56taxes to truly, transparently pay for the things you're doing with taxes, with taxpayer money.
01:03Because they feel the pain. That's one interpretation, or it's just too transparent.
01:07If people understood the true cost... Of war. They wouldn't want to go to war.
01:14If you were told that you would lose 95% of your assets, you know, and 90% of everything you will be
01:22ever will be taken from you, you might reprioritize your thought about a given policy, and you might
01:29not vote for that politician. Before your first paycheck even hits your account,
01:34the government takes a cut. That's the payroll tax. Social Security and Medicare totals at about 15.3%.
01:41You see half of that, 7.65%, on your pay stub. But your employer pays the other half. And if you're
01:47self-employed, you pay the full thing. In 2025, Social Security applies up to $176,100 of wages.
01:55While Medicare has no cap. High earners pay an extra 0.9% of Medicare surtax. And this isn't pocket
02:03change. Payroll taxes brought in $1.6 trillion in fiscal year of 2023. So about 36% of all federal
02:12revenue comes from payroll tax. After payroll, you still face income tax. The US federal system
02:17tops out at 37%. And states add their own layer. There's no state income tax in places like Texas,
02:24Florida, Nevada, and Washington. But on the other end of the spectrum, California tops out at 13.3%,
02:31which is the highest tax rate in the nation. So just depending on your zip code, two people with the
02:37same job can be facing wildly different tax rates. So think about this. Earn $100. Payroll trims it down.
02:46Income tax slices off another $20 or $30. And already nearly half of your effort disappears
02:52into the government's pocket. Now you go on and spend what's left, but there's another hand right
02:57around the corner, waiting to reach out.
02:59The country needs every ounce of its energy to restore itself. The costs of government are all
03:07assessed upon the people. This means that the farmer is doomed to provide a certain amount of money
03:14out of the sale of his produce, no matter how low the price to pay his taxes. The manufacturer,
03:21the professional man, the clerk must do the same from their income. The wage earner, often at a higher
03:32rate when compared with his earning, makes his contribution, perhaps not directly, but indirectly
03:41in the advanced cost of everything he buys. The expenses of the government reach everybody.
03:50Just so many hands reaching out. Give me a little bit of that pie. I'm of course talking about sales
03:56tax. Now there's no sales taxes in places like Montana, Oregon, New Hampshire, and Delaware.
04:02But Tennessee, on the other hand, leads at 9.55% on average, state and local. With places like
04:09Seattle, Chicago, and Birmingham also pushing above 10%. Birmingham? Birmingham? You Birmingham's out
04:15there? You know what I'm talking about. Birmingham? Birmingham? Translation. Buy a car for $30,000 in
04:21Oregon, you'll be paying $30,000. Buy that same car for $30,000 in Tennessee, you'll be paying an extra
04:29$2,865 in sales tax. I guess we all have to go to Oregon to buy cars. So by this, you're taxed when you
04:36earn, you taxed when you receive, and you taxed when you spend. Triple dip. I'm going to cover this,
04:44but just in case I have more dipping jokes throughout the video. We're going to pause
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04:54all the greatest gear for all of your survival needs in times of communication cuts or grid failures.
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05:08all the latest gear you need to keep your signal going. When the grid goes out, communication lines
05:13go down. Go to Sat123.com, put in the promo code simply for 15% off your purchase. Because when the
05:19grid goes down, you don't want to be without power. And you don't want to be without signal. Sat123.com.
05:25Moving on. Let's say you invest what you have left, but still any success in this field
05:31is still penalized. Long-term capital gains tax is taxed at 0%, 15%, or 20%, depending on your income.
05:38And above certain thresholds, you can tack on another 3.8% of net investment income tax,
05:43or NIIT. Stack it up and someone like a Californian can face up to 37.1% of combined tax,
05:51while a Floridian might stick around 20%. Floridians are like people who consume fluoride. Is that what
05:58a Floridian is? Damn. So all of these taxes just cutting my pie. That's got to be the last of them,
06:05right? No. So maybe you just want to skip investing and save your money. But this is where the most cruel
06:13tax comes into play. And that's inflation. It doesn't come with a bill. You don't see it on a pay stub,
06:19but the silent theft is real. I'm sure you guys felt this, but in June of 2022,
06:25inflation peaked at 9.1% year over year. And that's the highest since the early 80s.
06:30Even today, at 2025, inflation is still running at 2.7%. That's the headline. And actually,
06:37it's 3.1% is the core. But those inflation rates that they're saying are not really a reflection of
06:44reality, are they? We all know that CPI is a big joke, so you don't really have to take it seriously.
06:49And the actual inflation rate is really dictated by your local jurisdiction. Basically, this means
06:53that every year your dollar buys you less and less. Translation, you can play by every single
07:01rule in the game. It doesn't matter. You earn it, save it, invest it, spend it. You're still going to fall
07:07behind. Because when money becomes a system of control, financial services companies become
07:14deputies in this system of enforcement and control. And as deputies, they get some perks.
07:22And one of the perks is they never go to jail.
07:27Well, with a few exceptions, there are some fundamental rules that always apply to our society. Bernie
07:32Madoff went to jail. He made the fundamental mistake of stealing from rich people. Don't do that.
07:39Foreclose on 10 million poor people? No problem. Create three and a half million fake accounts in
07:46Wells Fargo? No problem. Lose 143 private records of individuals at Equifax? Let's see some bets.
07:56How many executives are going to jail? None. A system of control corrupts the very basis of money until
08:07it can no longer function as a medium of exchange. And it breeds economic exclusion.
08:15We are now 25 years into the era of the internet, and we are reaching fewer people with economic inclusion.
08:21We are actually backtracking historically, because increasingly entire countries are being cut off
08:29from the world financial system. You don't act in the best interests of the United States.
08:35You lose your swift code. You are no longer part of the wire transfer network.
08:40You submit to the universal jurisdiction of American courts, like Switzerland had to do.
08:48Or you lose access to international banking. You lose access to the reserve currency. You lose access to the lifeblood.
08:57This devil's bargain has made financial services unassailable from a point of competition.
09:05They are surrounded by a thicket of regulations, and these regulations are not about consumer protection.
09:14Consumers are most certainly not protected. They are most certainly about the system of control of money.
09:21They are about the law enforcement and policy enforcement and sometimes straight up politics enforcement
09:29So at every turn, every transaction, every exchange, the pie is being sliced.
09:39But what if it wasn't? Hey, Oceans, can you cue the Bitcoin messaging, please?
09:44It is one of the most effective systems of control that exists, and now it has to face competition
09:52from a system that will not do that, that cannot be made to do that, that will not yield, that will not be co-opted.
10:04And what's the response?
10:06Ha! Bitcoin is a joke.
10:08Cryptocurrencies are outside the system. Nobody wants to be outside the system.
10:14Guess what? There are six billion people out there.
10:19They don't want to be outside the system. They'd much rather be inside, but they haven't been invited.
10:25And they probably won't.
10:28And many of them can't do the things that are necessary to be invited into the system.
10:35And guess what? There's an entire generation that has now discovered the two forms of power that come to people.
10:46The first form is voice, and the second form is exit.
10:51You either speak up with your voice, express your political will, and force change.
10:57And when that doesn't work, you get to the second most important power that all humans have, and that's exit.
11:05Now, borders have been erected for millennia to prevent exit, to slow down exit.
11:14You can't easily emigrate, opt out, colonize, depart, exit.
11:23But what happens when exit is not a physical act, but a virtual act?
11:28What happens when people decide to exit from the financial system in a virtual way?
11:35Vrexit, Bitexit, you can keep the inside of the gilded cage.
11:46It is demographically stagnated, it's over leveraged, it's swimming in debt,
11:53it's out of control, and it serves a tiny sliver of the population.
11:59You can keep it.
12:00Bitcoin changes the rules. No payroll tax on your mindsets, no inflation bleeding your savings.
12:07No central authority deciding how much your money is worth.
12:10Just $21 million forever. I just want $21 million forever. I just want $21 million forever.
12:21That's right, $21 million forever.
12:23When you own Bitcoin, you are not renting your money from the system.
12:27You're opting out of the toll booth. Sounds pretty good.
12:30And if you want to opt out of that toll booth in a completely sovereign way,
12:34and support the network, go to SazMining.com.
12:37SazMining.com offers Bitcoin mining made simple.
12:40They host and maintain your rigs remotely,
12:42sourcing renewable energy like hydropower to power your miners.
12:46You own the hardware, they handle the uptime and operations.
12:49They position many of their facilities carbon free,
12:52so you can mine sustainably while stacking sats.
12:55And if you want exposure to mining without the noise and headaches,
12:58go to SazMining.com, book a call with one of their expert team members and start mining today.
13:04Taxes are the bane of existence. Bitcoin fixes this.
13:06Thank you so much for watching this video.
13:09I'm Oceans. This is Beyond Bitcoin.
13:10If you like what you see and you want to see more,
13:12hit that like button below, right below there.
13:15Or you can hit the subscribe button.
13:16Subscribe to the Simply Bitcoin channel for more content like this.
13:20We're coming out with it every single day.
13:22Every single day.
13:24And do not forget to hit that notification bell.
13:27Beyond that, this is Beyond Bitcoin.
13:30Until next time.
13:39I will see you at the Department of Moderna.
13:43If you don't be connected, the YouTube channel will be better with Alexa.
13:45I'll see you next time.
13:46Thanks.
13:47Hey guys, we've already discussed thisц.
13:48Have fun with us now.
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