Is the vote still scheduled to go live today?
Voting no on this.
Buybacks = forced realization of capital gains. I would rather have control over when I realize gains for tax purposes. 20% is PLENTY high enough.
Under new tax rules you will be forced to recognize staking rewards as gains in the current year (whether they will be qualified is a different story).
Increased staking rewards would great, but you all have to think where itâs coming from.
Real long term holders will vote no on this.
Hello,
Quick clarification question here â just want to make sure Iâm understanding this correctly:
My understanding is that capital gains are only realized when an asset is actually disposed of (e.g., sold or exchanged), so a buyback increasing the price of SYRUP wouldnât itself trigger a taxable event unless I decide to sell, correct?
Also, regarding the 2025 tax updates â I thought the treatment of staking rewards as ordinary income upon receipt was already the standard, and nothing in the new legislation materially changed that. Is there something new I mightâve missed that reclassifies this or changes the timing of recognition?
Asking because it seems like a vote against buybacks on the basis of âforced capital gainsâ only applies if one is planning to sell soon â which seems to contradict the long-term holder position.