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Topic: IRS says mining is "income" (40% tax) instead of cap. gains (20% tax) - page 4. (Read 4212 times)

member
Activity: 84
Merit: 10
I`ll say IRS go fuk yourself.
donator
Activity: 1218
Merit: 1079
Gerald Davis
Where did you get 40% and 20% from?

What is your marginal income tax rate?
What is your long term capital gain rate?
What is your short term capital gain rate?
hero member
Activity: 938
Merit: 502
Ergo, they can go fuck themselves.  True, the new regulations issued only apply if the BTC is sold into USD.  But as far as tracking the high frequency exchange and securities trading, especially with Dark Wallet and whatever else starts coming out now...all I have to say is "...good luck"

(hopefully Liam Neeson doesn't work for the IRS)
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