~snip
If a person doesn't pay "that much' tax in most cases is because of tax evasion and not low taxes.
According to the laws, it seems that income in crypto is taxed the same way as normal income, so assuming you have made 1
BTC in profits and you cash that out you're going to end in the near last threshold and pay around the equivalent of $11k in tax.
Comparing that to Germany where you just have to hold the crypto for one year and you're tax-exempt,
legally!!!!Not really my guy, if you live here then you know that the legislation or bills passed will only be implemented strictly for about 3 months and then the people are going to forget about it, that's why I was confident that you can avoid taxes here with your crypto, the only time that you're going to pay taxes is if it's in fiat. Also with the advent of Axie Infinity in the country, how come those that have made money in the early pump didn't get any visit from the tax bureau?