I've reassessed everything and factored in worst case scenario for taxation, and bare minimum NEET king living.
$1,500,000 as a goal.
assuming taxed fully =
$1,500,000 - $54,232 (lump sum)
= $1,445,768
$1,445,768 would be taxed at 45cents for every $1 over $180,000
$1,445,768 - $180,000
= $1,265,768
$1,265,768 x 0.45 = $569,595
$1,265,768 + $180,000 = $1,445,768
$1,445,768 - $569,595 = $876,173
So in Australia 1.5m from crypto would get taxed down to 876k
>buy 300k apartment
>let 576k sit in bank and generate $13,248 in interest a year.
>Use that 13k a year to pay bills/groceries (spend 1k a month)
>be neet and shitpost
If I held alt/btc for longer than 12 months and prayed that the prices remained in a position which allowed me to cash out for 1.5m, I would only end up being taxed 250k meaning I would keep 1.25m.
But fuck trying to make 1.5m in the first place in a volatile market, THEN on top of that trying to hold out for another 12 months and praying the prices remain steady for you to cash 1.5m out. Just dont see that as being doable.
fml time to make 1.5m which I think is doable in the year.