/biz/ - Business & Finance

>>51315405
>£50k so you'll pay 20%!!
consider yourself lucky, jews in the US want 37% as a baseline and plus additional taxes for the state and other exclusions. see >>51315255

>>51315379
if the value remains on the CEX and is untouched for a year then it's cut down to 20% for the federal taxes and unchanged for the state taxes. You will also be subject to other long term asset taxes so realistically if will be 25% to the fed plus whatever the state taxes that apply. Also there is talk of raising the long term capital gains cap to 30% after the next elections. So unless you are Jewish the government will still take at least 40%.