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/biz/ - Business & Finance

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24291824 No.24291824 [Reply] [Original]

>be me
>canadian
>crypto taxed at 50%
>50 FUCKING PERCENT ON CAPITAL GAINS
>WHAT THE FUCK IS WRONG WITH THIS COUNTRY
BURGERBROS TAKE ME IN

>> No.24291854

>>24291824
Hahahahahaha get fucked commie.

>> No.24291871

>>24291824
that's not how it works u fuckin retard

>> No.24291873

>>24291824
NOOOOOO USA BAD CANADA GOOD

>> No.24291882

What if you come to America on holiday and use one of the bitcoin ATMs

>> No.24291909

>>24291824
50% of your capital gains is taxable at the rate of your income bracket you absolute retard

>> No.24291924

>>24291824

what hte fuck are you talking about you mega retard?

get gassed in MineKampf, Java Edition

>> No.24291931

>>24291824
fuck man, 35% sucks ass but 50% is insane, sorry maple bro...

>> No.24291956

>>24291824
> tfw yuropoor with no capital gains under 50k

life's comfy

>> No.24291959

>>24291909
Wait, so if you're a leaf, half of your capital gains are automatically exempt?
MAPLEBROS TAKE ME IN

>> No.24291982

>>24291959
Correct

>> No.24292277
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24292277

>>24291824
beg your leader for the rake

>> No.24292299

>>24291982
Based
>>24292277
From the thumbnail I thought Trudeau in that cape was a giant woman's brapper ass-up

>> No.24292308

>>24291824
hahaha ooooh cuckada ooooh cuckadaaa...

>> No.24292343

>pay tax on wage
>invest taxed money in the stock market
>pay tax on gains

lmao

>> No.24292349

If you cash out $1M in capital gains the tax is only $205,673.43. So it's only about 20.5%

>> No.24292368

>>24291824
Just remember, the US fought a war with the British to gain independence over a 4% tax on tea.

just think how cucked you are....

>> No.24292369

>>24292349
In burgerland that would be above 35%. Didn't know you leafs had it so good.

>> No.24292375

>>24291824
Just don't cash out bro. 1 btc = 1 btc forever.

>> No.24292394

>>24291824
> be me
> live in Slovenia, Melani Trump land
> crypto taxed at 0%
> 0 FUCKING PERCENT ON CAPITAL GAINS

>> No.24292424
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24292424

>>24291824
>Paying Taxes

You disgust me KEK

>> No.24292737
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24292737

>>2429239
>Live next door to Slovenia
>Crypto tax 33%

>> No.24292761

>tfw crypto-to-crypto aren't taxed at all in my country

I'M NEVER SELLING! YOU HEAR ME GOYS?

NEVER. SELLING.

FUCK FIAT!

>> No.24292789 [DELETED] 
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24292789

>>24291824
Op here I just realized that 50% means that only 50% of my capital gains from crypto are taxed.
Once the taxes are calculated for 1m in crypto for both canadian and us taxes i actually only have to pay ~390k in canada vs ~660k in the US without accounting for conversion rates.

>> No.24292832

>>24292349
>>24292789
So which one is it?

>> No.24292907

>>24291824
and i thought france and its 30% was too much
don't care anyway you can find me in malta soon with its sweet 0%

>> No.24292937

>>24292761
BASED

>> No.24293013
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24293013

>>24292832
Hes approx right

>>24291824
I messed it up so I rewrote it

Op here I just realized that 50% means that only 50% of my capital gains from crypto are taxed.
Once the taxes are calculated for 1m in crypto for both canadian and us taxes i actually get to keep 890k in canada and 660k in the US without accounting for conversion rates.

>> No.24293043

>>24291824
serves you right for allowing niggers and libcucks to run your country

>> No.24293057

>>24292832
I think he only calculated the highest margin tax

>> No.24293097

1.3% here....hahahahaahahahahaahahaha faggots.

>> No.24293136

>>24293043
America literally had a nigger president retard

>> No.24293148

>>24293013
I don't think that's right still. I tried some online calculator and it says you'd have to pay around $200k-$225k in taxes on $1m depending on the province.

>> No.24293153

>>24292343
don't forget to pay tax when you spend your gains too

>> No.24293217

>>24291824
It's 50% of your gains are taxable at whatever income bracket you are in, not 50% are taxed. Retard

>> No.24293378

>>24291982
That's fucking based, what the fuck am I doing in the US.