It is not bad at all,,, I think I already saw this news though and I commented that it sounds like a really low price for tax if I am honest. Imagine if I manage to get my 1 BTC safe and Bitcoin hits 100,000$! I would be SO happy to pay 20,000$ as tax and happily keep the rest free and no need to worry. Good rate I must say.
Especially if there is no tax on crypto transactions whatsoever, then its a really great deal.