Not an american but a quick tappity tap on the old google turned up this nice explanation with numbers.
https://masterthecrypto.com/cryptocurrency-taxes-crypto-tax-impacts/
It's interesting how much taxes a government is able to prove and clay claim to in a pseudo- anonymous environment. I feel people really need to step up their game in regards to the tools they have at their disposal to help maintain a certain anonymity from those that pry.
I feel like I've seen something pretty much every time I post that assists in obscuring connections between people/wallets and coins, I just can't put my finger on it...
I guess in a way fortunately for myself I'm not currently in a Hodl pattern, so for the most part my country doesn't care.
Topic: 15% capital gain tax in US? - page 2. (Read 388 times)
Is it true that if yo sell your bitcoin in US (all states?) you are subjected to 15% capital gain tax?
It is difficult to comment on anything if we do not have the necessary information on this issue. However, there is a contradiction in your question. If you mean tax on the sale of bitcoin, then it will be a tax on profits. Capital gains tax is paid once a year or another reporting period, if the cryptocurrency for this reporting period has increased in value and just lies in your wallet.A 15 percent profit tax is a moderate tax. There are countries in which it is installed in a larger amount, there is a much smaller amount or even such a tax has a zero rate.
Do you have links to the content you shared here, I would like to add more information about this. I will move to the US to live and this has a great influence on a bitcoin investor like me. I have to pay taxes and this fee is quite heavy for me.
Is it true that if yo sell your bitcoin in US (all states?) you are subjected to 15% capital gain tax?
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