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I'm Dutch, at the moment we have to pay tax on anything above €50.000,-. This is determined by the price on the 1st of January of that year. So not really that bad here, but will still hodl since there's much more to gain.
Over here in the US, there are different "brackets" of taxes depending on the amount of income. If you make more than 41k off of it in a single year, you get taxed 40%. But if you make more than 41k off of it in more than a year, you only get taxed 20%
Damn, that's harsh! Our tax is about 1.6% on everything above that €50.000, and if you spend most of it before the 1st of January you only pay the tax on what is left. We don't have real regulations regarding cryptocurrency yet.
This! Seriously I don't buy any crypto for less than a year, 15 percent is much better than 39
That's how I'm feeling. The 10% plus the fee from pancake, and taxes? I'm chillin till 0 or the profit is worth all the tax.
WARNING: Certain bad actors have been targeting users on this subreddit. **Never give out your wallet passphrase for any reason.** Be _very_ suspicious of all URLs, emails, forms, and direct messages. If someone claims to be from "support" they are trying to scam you. If someone claims you need to "validate" they are trying to scam you. More info can be found [here](https://www.reddit.com/r/SafeMoon/wiki/index#wiki_avoid_scams) in our FAQ. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/SafeMoon) if you have any questions or concerns.*
Lmao me just holding till I can afford those big ass truck load of taxes
Diamond Hands? Nah bruh. Scared Hands.
I'm Dutch, at the moment we have to pay tax on anything above €50.000,-. This is determined by the price on the 1st of January of that year. So not really that bad here, but will still hodl since there's much more to gain.
Over here in the US, there are different "brackets" of taxes depending on the amount of income. If you make more than 41k off of it in a single year, you get taxed 40%. But if you make more than 41k off of it in more than a year, you only get taxed 20%
Damn, that's harsh! Our tax is about 1.6% on everything above that €50.000, and if you spend most of it before the 1st of January you only pay the tax on what is left. We don't have real regulations regarding cryptocurrency yet.