Quote from: Emoclaw on November 02, 2017, 07:35:57 PM

Quote from: FreshThought on November 02, 2017, 06:52:41 PM

Thank you so much for your thoughts. Really great points.

How are Bitcoin profits currently taxed? At the 15% capital gains rate (like stocks/mutual funds) or higher?

From this page: https://en.bitcoin.it/wiki/Tax_compliance
"The IRS issued guidance on the treatment of Bitcoin and other digital currencies in their March 2014-21 Notice. The notice clarified the position that the IRS treats digital currencies as capital assets and are therefore subject to capital gains taxes. Any disposition of these digital currencies, including trading and spending, is a tax event and capital gains must be calculated in USD."

I think it is important that you support, use and endorse Bitcoin even if you don't manage to make significant changes. Although I'm not a US resident (nor citizen), I sincerely hope you succeed.

Thanks for the link and the clarification on the IRS taxation policy, @Emoclaw.
I'll share my bitcoin link and my website when I get everything setup. I appreciate your support.