1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

[SadimirPutin]

the us captial gain tax is eating folks alive.

this is partly why you see btc diving...regulation including taxes. Imagine making $300k, spending $250k on buying a house and then get a capital gain tax hit for $125k.

i live outside the US so I am curious

I always heard that capitals gains taxes can be pretty easily massaged...how do big money investors deal with it?

Must be a way because they are cleaning the fukk up easily over the last decade

 

[the bossman]

He says people were typically paying 20-30% sometimes lower. Just pay your taxes.

I can't see why IRS would stress you if you're paying at least something in the 20% range for short capital gains tax

 

[Supa]

I can't see why IRS would stress you if you're paying at least something in the 20% range for short capital gains tax

That's what the guy from Reddit was saying. The IRS isn't being heavy handed and most people aren't paying anything near 30%.

 

[Houston911]

haha, I said this probably 600 pages ago (Nov / Dec 2017) and was viciously attacked.

@Houston911

did you learn your lesson about Shugg?

?

 

[Mike809]

I dont have problems paying taxes , the only problem is how to calculate how much tax you have to pay.
you pretty much have to gather all the trades you have made so far this year...see if you gained any profit/loss from it and add it up.
Since crypto is still newish ...a lot of people that work at places such as h/r block wouldnt have a clue either.

 

[GoldenGlove]

the us captial gain tax is eating folks alive.

this is partly why you see btc diving...regulation including taxes. Imagine making $300k, spending $250k on buying a house and then get a capital gain tax hit for $125k.

 

[FSP]

haha, I said this probably 600 pages ago (Nov / Dec 2017) and was viciously attacked.

@Houston911

did you learn your lesson about Shugg?

Lol he bailed on this thread hopefully forever.

 

[BushidoBrown]

how yalls accounts lookin year to date

 

[Supa]

I haven't opened Delta in a while but I just did. I covered the top of the screen with my hand to just go to the watch list without seeing my total. I saw green so I moved my hand. Then it updated and went red

I'm not down too heavy though. I bought PRL at .55 so I'm still up. ITC at 1.00 so not down much. ENG I mostly bought under 2.00. HPB is down a lot but I barely have any because I bought Nuls instead which is down a dollar from my buy in. Ven and ICX are my biggest L's. Everything else isn't too bad.

 

[Clark Wayne]

Time to pick up a few aion with some leftover ETH I have.

Probably some ICX if it stay in the $2.50 or below range in the next week or two.

 

[Sterling Archer]

I dont have problems paying taxes , the only problem is how to calculate how much tax you have to pay.
you pretty much have to gather all the trades you have made so far this year...see if you gained any profit/loss from it and add it up.
Since crypto is still newish ...a lot of people that work at places such as h/r block wouldnt have a clue either.

I ain't made shyt so fukk Uncle Sam.

 

[Clark Wayne]

Coin world running red.

ETH close to going under $500

 

[ORDER_66]

Coin world running red.

ETH close to going under $500

damn shyt looking crazy....

 

[Lord_nikon]

My Portfolio at -76.35% in the red

lol

 

[FSP]

Marketcap below 300 billion. The tanking is accelerating