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Topic: Capital Gains Tax (Read 837 times)
boconniff40
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Capital Gains Tax
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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Re: Capital Gains Tax
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:
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http://blog.bitcointitan.com/post/17789738826/what-u-s-regulations-apply-to-bitcoins-as-commodities
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boconniff40
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Re: Capital Gains Tax
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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Re: Capital Gains Tax
March 15, 2012, 05:19:59 PM
#4
Quote from: boconniff40 on March 15, 2012, 05:18:23 PM
OKAY, in the USA it really is 15% WOWWWWW, USA IS SO COOL
You must be new. (To the USA)
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boconniff40
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Re: Capital Gains Tax
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%)
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Re: Capital Gains Tax
March 15, 2012, 05:31:02 PM
#6
Quote from: boconniff40 on March 15, 2012, 05:29:22 PM
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.
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boconniff40
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Re: Capital Gains Tax
March 15, 2012, 05:31:33 PM
#7
Not too bad really.. just 6.5% more than you guys.
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Re: Capital Gains Tax
March 15, 2012, 05:34:47 PM
#8
Quote from: boconniff40 on March 15, 2012, 05:31:33 PM
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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