Topic: HOW To MAKE 20% in the NEXT 48 HOURS - and Facilitate Bitcoin Trade (Read 474 times)

In 2013 Bitcoin has gone from about 13 USD to over 700 USD.

 

1. Right now many folks are low on cash but have bitcoin.

 

2. They want to reap the increase in value, but don’t necessarily want to sell bitcoin into the market/ cash out because they will be hit with a short term capital gains tax.

 

3. The capital gains rate is going UP in 2014 to your income rate. That will likely be a double digit percentage increase in tax (not counting state increases) depending on your current bracket.

 

4. So, in order to minimize your capital gains tax, while maximizing your value, you could trade your bitcoin now (before the end of the calendar year in 72 hours) for other goods.

 

5. For example, we are selling an item and have agreed to take bitcoin, on our end at a value 20% above our ask price, so the seller can save about 13% in taxes on their end. (The item is worth a few thousand dollars).

 

They pay us a bit more in bitcoin for our costs/time/hassle/fees/taxes to exchange the bitcoin ourselves.

 

This benefits the buyer paying bitcoin allowing them to realize 2013 gains yet also saving them on 2013 taxes.

 

This benefits us by increasing our realized price for the product.

 

Of course, you must already have a product to sell into the market. If you haven’t made it that far in your endeavourers yet, time to get a move on.

 

Best wishes for 2014.

 

TheCoinMiner.com