but then its very easy to move to a location that doesnt tax you that much
several eu countries still have either no or very reasonable taxes all you have to do is move there for the duration of 2025 and maybe 2026
depends on the state, but if you live in a state with high taxes you'll pay about 15% state and 39% federal taxes for short term gains of about 2million+. It's not a big deal for small amounts but at the high end it will absolutely kill you.
i'm canadian the capital gains tax here is 50% but people don't understand how much that actually means like it's not the same as being taxed on your salary at half of your income which is what people think it's actually 50% of your profit after selling so it's like if you make a profit of 100 million dollars then that's 50 million dollars what's this guy complaining about
in the U.S. you are literally taxed as if your capital gains were income. Sure you aren't getting taxed on your initial investment but that's the whole point of capital gains tax.
>get 100 bucks salary >tax 30 of them away >buy taxed goods, taxed rent and utility and taxed fuel and taxed food for 50 >20 left to save/invest >if you lose you lose >if you win you have to pay gains tax
It’s so fricking unfair it’s insane, and then the states are stil some of the milder taxed / better paying countries in the west. Absolutely ridiculous. If I ever hit 7 figs I’m moving to luxemburg Greece or Portugal before I cash out
hold on, because some people may not understand this. In Canada, the capital gains tax is 50%, but what that means is only 50% of your gains can be taxed at whatever the tax bracket is. So the most I would be taxed on all of my gains is like, 20%, even though the official capital gains tax says "50%"
i'm canadian the capital gains tax here is 50% but people don't understand how much that actually means like it's not the same as being taxed on your salary at half of your income which is what people think it's actually 50% of your profit after selling so it's like if you make a profit of 100 million dollars then that's 50 million dollars what's this guy complaining about
and then the wife takes the other half in the divorce
pretty gnarly isn't
>getting married
>50% Capital gains tax
i'm surprised that this didnt kill the shitcoin casino completely..
Where do you live
Shitistan aka europe
but then its very easy to move to a location that doesnt tax you that much
several eu countries still have either no or very reasonable taxes all you have to do is move there for the duration of 2025 and maybe 2026
What is...
>Short term
>Long term
Lol Link Marines win again, those frickers have been holding forever.
Dang it Giggolo Joe
20% in the UK
never thought the UK would be more based than USA in terms of taxes but here we are
It will likely go up. They are slowly removing the CGT allowance YoY and once that is gone they will come for that.
It's also only 10% until your total income + Capital Gains is >£50k
Prove it's 50%, I'll wait.
It’s 53% actually.
Denmark
I would just leave
>Denmark
You should really look into Malta or Romania.
You don't have to live there long-term, but if you're cashing out, establish residency there.
If you're KYC'd, best of luck.
depends on the state, but if you live in a state with high taxes you'll pay about 15% state and 39% federal taxes for short term gains of about 2million+. It's not a big deal for small amounts but at the high end it will absolutely kill you.
in the U.S. you are literally taxed as if your capital gains were income. Sure you aren't getting taxed on your initial investment but that's the whole point of capital gains tax.
Based, israeli speculation games have no place in an economy.
really? in croatia you have to pay 10% only on the gains, 20% if it's more than a million euros. i dont think ill pay though
>get 100 bucks salary
>tax 30 of them away
>buy taxed goods, taxed rent and utility and taxed fuel and taxed food for 50
>20 left to save/invest
>if you lose you lose
>if you win you have to pay gains tax
It’s so fricking unfair it’s insane, and then the states are stil some of the milder taxed / better paying countries in the west. Absolutely ridiculous. If I ever hit 7 figs I’m moving to luxemburg Greece or Portugal before I cash out
States can't get the grabby hands out of our pockets. And depending on the country you get hit with exit taxes when you leave
virtually unenforceable for the eu
as long as you dont plan to ever return
hold on, because some people may not understand this. In Canada, the capital gains tax is 50%, but what that means is only 50% of your gains can be taxed at whatever the tax bracket is. So the most I would be taxed on all of my gains is like, 20%, even though the official capital gains tax says "50%"
i'm canadian the capital gains tax here is 50% but people don't understand how much that actually means like it's not the same as being taxed on your salary at half of your income which is what people think it's actually 50% of your profit after selling so it's like if you make a profit of 100 million dollars then that's 50 million dollars what's this guy complaining about
>South Dakota has no capital gains tax
>longterm capital gains capped at 20%
>0% up to 45k
>all in on LINK for multiple years
>100 per token by 2025
South Dakota can’t just keep winning like this chads
Hooolee frick, 26% in Italy