Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
tHash
on 04/12/2013, 21:15:08 UTC
Quote from: Nolo on December 04, 2013, 08:53:11 PM
Quote from: seanneko on December 04, 2013, 08:50:10 PM
Quote from: CMMPro on December 04, 2013, 08:46:05 PM
Quote from: adamstgBit on December 04, 2013, 08:26:35 PM
Capital Gains.

god damn it, i should of never sold anything  Angry

i need to learn how to hide my Capital Gains, should i dump it in BTC?  Cheesy

Dude, we have a $750k capital gains personal exemption here in Canada....use it.  

I'm going to move to New Zealand (from Australia) for a year when I sell mine. Fuck giving 45% of my BTC to the government.

If anyone wants to throw out a good tax strategy for an American, I'm all ears.  I'm dreading having to pay on my BTC profits. 



Long term capital gains.   Keep your bitcoins for a year, and they qualify.   Rates are far better than regular income tax, and are based on your tax bracket.   If you manage to keep your regular income low enough, there is even a 0% rate.   Most likely you will be paying 15%, unless you do quite well with your regular income . . .