Topic: Tax on crypto and investment in gold (Read 116 times)
everywhere the state breaks taxes, and it will even be broken for gold, and even if you open a business, it is insulting, but such are the laws(
Hi everyone,
In my f*cking country, profit on crypto is taxed at 34% and there's no way I'm paying this amount to the state. Not because I'm a bad and uncivilized girl (I pay all my other - and already high - taxes), but because 34% is just ridiculous (if your profit is higher than 100k, this tax rises up to 62,5%). I know that a way to avoid paying the taxes is to invest your money quickly in something else.
Well, I would love to buy lands but my crypto revenu is still too weak. I would enjoy starting a new business, but I already have a job that keeps me insanely busy.
So if I'd want to cash out and not pay those ridiculously high taxes, do you think gold would be something to invest in? I know land and businesses are ok because you're gonna keep paying taxes on these, but if I'm not mistaking you don't pay taxes on the gold you own. So I was wondering if that was considered as an investment that would allow me not to pay taxes on my crypto profit.
Once again, if this tax was 10-15%, I wouldn't mind paying it. But the French state just always rips you off with taxes...
In my f*cking country, profit on crypto is taxed at 34% and there's no way I'm paying this amount to the state. Not because I'm a bad and uncivilized girl (I pay all my other - and already high - taxes), but because 34% is just ridiculous (if your profit is higher than 100k, this tax rises up to 62,5%). I know that a way to avoid paying the taxes is to invest your money quickly in something else.
Well, I would love to buy lands but my crypto revenu is still too weak. I would enjoy starting a new business, but I already have a job that keeps me insanely busy.
So if I'd want to cash out and not pay those ridiculously high taxes, do you think gold would be something to invest in? I know land and businesses are ok because you're gonna keep paying taxes on these, but if I'm not mistaking you don't pay taxes on the gold you own. So I was wondering if that was considered as an investment that would allow me not to pay taxes on my crypto profit.
Once again, if this tax was 10-15%, I wouldn't mind paying it. But the French state just always rips you off with taxes...
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