Show me on the doll where bitcoin touched you?Regulate it and tax it. That’s my opinion. Minimum 45% tax
Did he get touched on his studio, do you think?Show me on the doll where bitcoin touched you?
Government definitely needs more money, 500% tax on all bitcoin earnings.
/s
Why the tax treatment is already set out... Its clear as day!Regulate it and tax it. That’s my opinion. Minimum 45% tax
The problem is that they tax it as part of income, but the losses are ring fenced--i.e, they do not off set your income, and only apply to the income you'd earn the next tax season.Why the tax treatment is already set out... Its clear as day!
You buy and sell for speculation its treated as any other income and taxed according to your bracket. I paid my fair share of tax on my XRP profit in the last round.
If you hold for a long period then CGT.
It is what it is. This isn't the only "trade" to be ring fenced...The problem is that they tax it as part of income, but the losses are ring fenced--i.e, they do not off set your income, and only apply to the income you'd earn the next tax season.
The problem is that they tax it as part of income, but the losses are ring fenced--i.e, they do not off set your income, and only apply to the income you'd earn the next tax season.
Yeah, good luck with them trying to tax my bitcoin in my wallet XDWhat if you run it through a company?
But anyway I thought it only counts as a profit when you withdraw/use it? Ie as with other investments, for example if I have money in a fixed deposit they can only take tax when the investment pays out.