Mfw chain link goes to 50 dollars

>mfw chain link goes to 50 dollars
>mfw i won't even be able to quit my job because of how much uncle sam gets

reeeeeee

Other urls found in this thread:

youtu.be/IhnUgAaea4M?t=25s
twitter.com/AnonBabble

You do realize that bitcoin profits are not income but instead capital gains? The tax is like 35% of something on short-term investments.

You don't fucking pay FICA on crypto gains asshat

Oh really? At what point does it become a long-term investment

Jesus, you're an idiot too....

Short term capital gains are taxed at the normal income tax level for your income that year. So OP is right in that regard.


Why do none of you know anything about taxes, but all you talk about is investing money?

It's capital gains. Wait a fucking year and you can cash out at 15% tax.

>mfw chain link goes to 50 dollars at 6 months
>mfw slowly drops to ico over the next 6 months

I'd probably end it kek

how do you avoid this sort of thing?

Ask wesley snipes he'll tell you all about it

i meant legally, what's the best way to minimize it? People are saying SALT will fix this

>land of the free

You live in Detroit and that's your biggest fear?

I'm agoraphobic so it's not too bad living here

You can read minds ????

No I can turn invisible. It's okay common mix up

After holding it for a year I think.

DIGIIIIIIITS...

50$

No way

That is a 50b market cap

Nah there's only 350 current million supply. Still unlikely but whatever

CHECK EM BOIS

Checked
h
e
c
k
e
d

youtu.be/IhnUgAaea4M?t=25s

1 year, but he's wrong about the short term gain.

yeah. that.
there also is a 3.8 percent tax on net investment income for single taxpayers with modified adjusted gross income above $200,000

If your tax bracket including the gain is 10% or 15%, then your LTCG rate is zero. If your gains push you into the 25%, 28%, 33%, or 35% tax bracket, you will pay 15% on the gains. Beyond that, you will pay the top LTCG rate of 20%.

he'd pay 20% if they were all LTCG + the 3.8% above thx to Obama care