Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[ChartBuddy]

Explanation
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[OutOfMemory]

good old germany

I have to add that Capital Gains Tax of Austria of 27,5% is only valid for BTC/Crypto bought earlier than March 2021.
Everything before that is tax free, and every Satoshi sold after that date (EDIT: plus one more year as a transition to the old 1-year holding law) is considered to be one of the possibly "old" amount.
So, if you are a citizen of Austria and have 10 BTC, while 3 were bought before 03/2021, only 2 got taxed if you sold 5 BTC after 03/2022.
Converting to other Cryptos (and stablecoins) became tax free, while it was not if converted within a year, in comparison to the old law (before 03/2022).

[xhomerx10]

good old germany

Australia is not 32% for long term capital gains.

You actually get a 50% discount on capital gains tax for assets held longer than 12months. Based on your marginal tax rate.

Depending on which marginal tax brackets you are in, your paying 16.25% / 18.5% or 22.5%

 Likewise, Canada is not 33% - that's the Federal tax rate for over $221k of income but there is also a provincial component to get the total tax rate which varies by province.  The most expensive province would be Nova Scotia and the total tax rate would be 54% on income if you make over $221k however, the capital gains inclusion rate is 1/2 so only half of your gain is taxed as income which means the highest possible marginal rate on capital gains in Canada would be 27%... which still sucks ass. 

 Now if you had no other income and made a capital gain of $23,000 in Nova Scotia, you would pay only $2 tax since you're barely over the basic personal exemption for the year - that's pretty much tax-free

[Biodom]

Gawd, i thought our (US) tax rates are complicated, but by the looks of it....everyone's is (except Germany, perhaps).
BTW, in US is 20% only for a certain range: above $492300 for singles ($553850 for married).
Below that: 0% (!!) for less than $89250 (for married or below $44625 for singles) and 15% for 44626-492300 for singles or $89251-553850 for married.

say, you got a a nice 200K in long term (more than a year) cap gains and you are married, therefore your cap gains tax would be:

200000-89250=110750X0.15=16612.5=about 8.3% effective tax initially(not bad!).

After 200K (or 250 for married) of modified adjusted gross income (MAGI), though, you get hit with NIIT (3.8%), so maybe total would be a bit more.

TL;DR take less than about 89K in cap gains (long term) per year in US while being married and have total income (cap gains+business+work) less than 200K and you pay zero cap gains.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[psycodad]

good old germany

The 11.5% for Switzerland are complete nonsense.
There is no crypto tax, there is only a property tax where crypto coins are added (based on an average fiat worth that the tax admin sets yearly) to your other properties and this tax is almost always in the very low single percentage figures (~1-5%).
Trading gains are tax free too as long as they do not classify one as professional trader (which would simply lead to paying income taxes on the gains).

[pawel7777]

good old germany

Australia is not 32% for long term capital gains.

You actually get a 50% discount on capital gains tax for assets held longer than 12months. Based on your marginal tax rate.

Depending on which marginal tax brackets you are in, your paying 16.25% / 18.5% or 22.5%

And for the UK, 45% is the highest tax band. So looks like this chart represents some worst-case scenario or something.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[eXPHorizon]

https://youtube.com/watch?v=v6yg4ImnYwA&feature=share9


Rick & Morty a little different

[BitcoinVSfiat]

Explanation

Damn baby, good to be back to 30's.

Finally remember my old password and I'm back!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

Apparently, Fidelity is about to submit an ETF for approval really soon.
https://twitter.com/DeItaone/status/1673705284223614978 (planB retweeted this)
The original source was probably this:
https://www.theblock.co/post/236588/fidelity-preparing-to-submit-spot-bitcoin-etf-filing-source

[BitcoinBunny]

Sauna, Salma and a couple of towels.

Looks like a fun time.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[FinePoine0]

HSBC And ETFs: Hong Kong's largest bank now allows bitcoin ETF trading.
🇨🇿 BTC Prague: The value of experiencing bitcoin in-person, with fellow Bitcoiners.




Details: https://twitter.com/BitcoinMagazine/status/1673776089368498180?t=7iYXA7t4O3MKEcoHM7zQPw&s=19

Various banks are now just going to come under the shadow of Bitcoin. And demand for Bitcoin will skyrocket.

[d_eddie]

Sauna, Salma and a couple of towels.

Looks like a fun time.

Sauna and Salma
Just a couple of towels?
A fun time indeed





#haiku

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[xhomerx10]

Explanation

Damn baby, good to be back to 30's.

Finally remember my old password and I'm back!

 It took you nearly 5 years?  Wow.  I thought my recall was slow when it took a day or two to recall an old acquaintance's name.  You must have uncovered one helluva trigger!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com