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Author Topic: Capital Gains Tax  (Read 666 times)
boconniff40
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March 10, 2012, 07:30:41 PM
 #1

It's not just 15%, check with an accountant or tax lawyer to know.
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Stephen Gornick
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March 10, 2012, 07:33:40 PM
 #2

 - http://en.bitcoin.it/wiki/Tax_compliance#Are_my_bitcoins_taxed_as_income.2C_or_as_capital_gains.3F

But is bitcoin a currency, like the Euro and Yen?  Or is it a commodity like gold or oil.   It probably isnt' a security.

Related:
 - http://blog.bitcointitan.com/post/17789738826/what-u-s-regulations-apply-to-bitcoins-as-commodities

boconniff40
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March 15, 2012, 05:18:23 PM
 #3

OKAY, in the USA it really is 15% WOWWWWW, USA IS SO COOL
Matthew N. Wright
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March 15, 2012, 05:19:59 PM
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OKAY, in the USA it really is 15% WOWWWWW, USA IS SO COOL

You must be new. (To the USA)

boconniff40
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March 15, 2012, 05:29:22 PM
 #5

I'm in Canada actually... up here it is 50% of what you earned times your tax rate

For example...

$100 x 50% x 43% = $21.5(21.5%)
Matthew N. Wright
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March 15, 2012, 05:31:02 PM
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I'm in Canada actually... up here it is 50% of what you earned times your tax rate

For example...

$100 x 50% x 43% = $21.5(21.5%)

Jesus christ on a cracker.

boconniff40
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March 15, 2012, 05:31:33 PM
 #7

Not too bad really.. just 6.5% more than you guys.
Matthew N. Wright
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March 15, 2012, 05:34:47 PM
 #8

Not too bad really.. just 6.5% more than you guys.

Well the Hague convention has made things a bit more comfortable for me here in South Korea.

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March 15, 2012, 05:36:09 PM
 #9

In the Netherlands we don't pay capital gains tax or dividend tax but rather pay 30% on a hypothetical yield of 4% on all funds (currency, stock etc), minus a21k Euro threshold. Before 2000 we used to pay 60% though ......

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