Da fuck! What country are you in?!?? Never saw capital gains taxed so fucking high. That percentage is ridiculous even for regular salary income FFS!
50% income tax, give or take depending. 25% sales tax. Hidden taxes on everytyhing, not sure how much but not less than 50%. In total, 80-90% taxation.
Which is why there is no fucking way I will get off with ONLY 20% when they get around to bitcoin. States always want More.
Denmark, by the way.
50% ?? wtf.
makes that check i wrote to the irs a lot less painful.
much as i hate taxes and the fact i have no say in its distribution, at least i only pay if i made profit. capitol gains for stuff over a year old is 15%, of course the short term stuff is worse and varies with income and such (USA).
EDIT: of course we tax everything in site in addition to that so the actual figure is higher. sales tax varies per state and "built in" taxes can be pretty high.. cigarettes and gas in particular get taxed at a fairly high rate. so total tax paid varies considerably depending on how you count it.