This thread has come true for many many people (who have cashed out lol)
Remember - it aint real until its actually in your hands ....
And getting it there isn't super easy.
And Uncle Sam is going to rape you for 20-30% of it ...
Mo money Mo problems ...
Remember - it aint real until its actually in your hands ....
And getting it there isn't super easy.
And Uncle Sam is going to rape you for 20-30% of it ...
Mo money Mo problems ...
Only 20-30%?
God, you US citizens are lucky bastards. I won't tell you the amount of raping that gets an European declaring capital gains of +6 figures - you would cry.
He was lowballing it, anyone who makes a million USD or more usually loses 50% if they try to take it in a lump sum.
Nope, that's income taxes. Increases in the value of an asset (such as bitcoins owned) is capital gains taxes, which is 20% MAX and normally in the 10 to 12% range in the US.
Dumb question... aren't there state capital gains taxes that get added on to the 20%?
Depends upon the state, actually. Generally yes, though.
But we all believe in it and the signs are outstanding! We all believe in this coin to make a nice profit and a new shiny toy for all ppl. 
