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.
0% for most people?What is needed to go above 0%?
Sorry I have no idea.
Enough income (or hold less than 365 days)
If you hold the asset less than 365 days it is a short term gain and taxed at your marginal tax rate (10% to 39.6%).
If you hold the asset for 365+ days and your marginal tax rate is in the 10% or 15% bracket then your long capital gains rate is 0%
If you hold the asset for 365+ days and your marginal tax rate is in a higher bracket then your long capital gains rate is 15%
The cutoff is for the 15% bracket is an adjusted gross income of $36,250 if single or married filing separately and $72,500 if married filing jointly.