Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is doomed. Thanks IRS!!! You Ass hats!
by
seriouscoin
on 27/03/2014, 15:08:59 UTC
Having bitcoin classified as property rather than currency is the best possible scenario.  The capital gains tax rate is 0% for most people.  0%... hard to beat that.
That is my rate this year. I was a little surprised and a lot happy. I pay dearly for the money I earn from working, but nothing this year for bitcoin. Thanks IRS, my 0% tax rate makes me 100% satisfied.

Can you elaborate on this? How is it 0%?