Quote from: beetcoin on December 04, 2013, 09:28:15 PM

Quote from: tHash on December 04, 2013, 09:15:08 PM

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 . . .

also, if you don't have income or any other money coming in, you won't be taxed (after it turns long-term.. as in 1 year) on up to $35k if you're single, and $70k if you're married. i posted a link for this under the legal subforum.

I'm going to have to hunt that thread down. I'm self-employed, so I can legally manipulate the amount of income I personally receive every year. Might need to pay myself nothing in a year if there comes a time when I need to cash out. Although this only applies to the first $70k in capital gains? (I'm married.)