what if the draft proposal recommends and government implements a very high tax like 80 to 90 % tax on all your bitcoin returns...
what will be your opinion..
What is the ideal percent which governemnt can impose on bitcoin gains as capital gains?
then people will declare its all income to avoid such a high bitcoin capital gains..
then what will govt do?
I think the government should treat bitcoins like any other asset and impose capital gains of 10/20% (without / with indexation). Bitcoin may not receive preferential treatment (like equity or houses) but shouldn't be penalized compared to other asset classes.