Quote from: chriswilmer on November 27, 2013, 07:56:05 PM

Quote from: MoonShadow on November 27, 2013, 07:55:18 PM

Quote from: Cally on November 27, 2013, 07:21:04 PM

Quote from: Rampion on November 27, 2013, 07:08:13 PM

Quote from: BittBurger on November 27, 2013, 06:58:03 PM

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 ...

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.