Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is doomed. Thanks IRS!!! You Ass hats!
by
s_s
on 27/03/2014, 17:29:31 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.

Which I suspect will lead to less "short term" speculation in Bitcoin...which is perhaps likely to tend towards being better for Bitcoin in the "long term"?