Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is doomed. Thanks IRS!!! You Ass hats!
by
DeathAndTaxes
on 27/03/2014, 17:26:38 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.

Only for long term capital gains.  Short term capital gains (asset held 364 or less days) is taxed at your regular income rate.