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| 11:06 AM | ||
| Users Online Now: 2,141 (Who's On?) | Visitors Today: 1,008,445 | |
| Pageviews Today: 1,351,750 | Threads Today: 337 | Posts Today: 5,331 |
| 11:06 AM | ||
Another crypto thread | |
| Anonymous Coward User ID: 80009983  United States05/06/2021 04:30 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 79456118  Australia05/06/2021 04:44 AM Report Abusive Post Report Copyright Violation | |
Tekunda
 User ID: 80323901  Germany05/06/2021 07:18 AM Report Abusive Post Report Copyright Violation | So here is where I’m getting mixed up. If I’m currently “unemployed” and swing/day trade various cryptos for some little gains here and there, what tax bracket would I be in for those short term investments at the end of the year? I think I read somewhere it’s around 12 percent tax on every profit you earn if you make less then 40k a year. Is this true? I just figured I would ask since there’s so many cryptotards like me on here lately. Cheers! Quoting: Anonymous Coward 80009983 Do you use leverage with your trades and what platform do you use? |
| Anonymous Coward User ID: 80266568  United Kingdom05/06/2021 08:11 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 80266568 United Kingdom05/06/2021 08:12 AM Report Abusive Post Report Copyright Violation | |
| Save America From Politicians
User ID: 79987073 United States05/06/2021 08:18 AM  Report Abusive Post Report Copyright Violation | Let me clarify. Short-term capital gains are taxed just like your ordinary income. That's up to 37% depending on your tax bracket. Last Edited by Fairly Fucked on 05/06/2021 08:20 AM |
| Grove Street
User ID: 21983498 United States05/06/2021 08:19 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 66389589 United States05/06/2021 08:26 AM Report Abusive Post Report Copyright Violation | crypto isn't the same, I need to give my driver's license to even buy a Bitcoin the whole thing was supposed to be based on bring ANONYMOUS so now op your falling into the trap because we all know, privacy is for terrorist. and people want to know who wants to be ANONYMOUS any why |
| SO IT BEGINS AGAIN
User ID: 74099344 United States05/06/2021 08:27 AM Report Abusive Post Report Copyright Violation | |
| dukusprime
User ID: 78274862 United States05/06/2021 08:31 AM  Report Abusive Post Report Copyright Violation | |
| LucyLucid
User ID: 80208748 United States05/06/2021 08:50 AM  Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 50520105  Croatia05/06/2021 09:29 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 78800592 United States05/06/2021 09:34 AM Report Abusive Post Report Copyright Violation | |
| Head2Bunker
User ID: 80016587 United States05/06/2021 09:39 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 80325971 United States05/06/2021 09:54 AM Report Abusive Post Report Copyright Violation | |
| dickweed
User ID: 80240706 United Kingdom05/06/2021 10:05 AM Report Abusive Post Report Copyright Violation | |
| peterpeccary
User ID: 79044425 United States05/06/2021 10:08 AM Report Abusive Post Report Copyright Violation | |
| astratt5757
User ID: 78719225 United States05/06/2021 10:11 AM Report Abusive Post Report Copyright Violation | DOGE TOKEN.... My husband and I bought 1.5 weeks ago. We invested $3500 and we have $24,286.18! We bought in at 0.0034 cents. and now it is at 0.0375 cents....It has been amazing! We purchased 1,063,975.50 I can see this going to $1 by the end of the year, and then we will be at $1mil. The price is still low and it could go to $5-$10 by next year? Anyway, it has been such a blessing from God... astratt5757 |
| astratt5757
User ID: 78719225 United States05/06/2021 10:11 AM Report Abusive Post Report Copyright Violation | DOGE TOKEN.... My husband and I bought 1.5 weeks ago. We invested $3500 and we have $24,286.18! We bought in at 0.0034 cents. and now it is at 0.0375 cents....It has been amazing! We purchased 1,063,975.50 I can see this going to $1 by the end of the year, and then we will be at $1mil. The price is still low and it could go to $5-$10 by next year? Anyway, it has been such a blessing from God... astratt5757 |
| Vision Thing
User ID: 80143606 United States05/06/2021 10:13 AM  Report Abusive Post Report Copyright Violation | So here is where I’m getting mixed up. If I’m currently “unemployed” and swing/day trade various cryptos for some little gains here and there, what tax bracket would I be in for those short term investments at the end of the year? I think I read somewhere it’s around 12 percent tax on every profit you earn if you make less then 40k a year. Is this true? I just figured I would ask since there’s so many cryptotards like me on here lately. Cheers! Quoting: Anonymous Coward 80009983 I may be wrong but I think if a single person makes less than 50,000 total annual income they are not liable for capital gains taxes. However I am still hazy on what counts as a taxable transaction with crypto. They used to say it wasn't taxable until you cashed it out, but now I hear that every trade is a taxable event, whether you cashed it out or not. So, things could get interesting. |
| Visitor User ID: 78037273 United States05/06/2021 10:13 AM Report Abusive Post Report Copyright Violation | crypto isn't the same, I need to give my driver's license to even buy a Bitcoin Quoting: Anonymous Coward 66389589 the whole thing was supposed to be based on bring ANONYMOUS so now op your falling into the trap because we all know, privacy is for terrorist. and people want to know who wants to be ANONYMOUS any why Keep your criminality in cash. Legitimate crypto is KYC. Know your customer. All gains within a year are short term capital gains. About 30% Longer than a year? Long term capital gains. About 20 % If you sell or convert, accrue for taxes. |
| Anonymous Coward User ID: 79790939 United States05/06/2021 10:16 AM Report Abusive Post Report Copyright Violation | |
| Vision Thing
User ID: 80143606 United States05/06/2021 10:16 AM Report Abusive Post Report Copyright Violation | This guy is very good, worth subscribing to for financial information and concise general news updates [link to www.youtube.com (secure)] |
| Vision Thing
User ID: 80143606 United States05/06/2021 10:18 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 76766798 United States05/06/2021 10:20 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 74468155 United States05/06/2021 10:23 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 74468155 United States05/06/2021 10:23 AM Report Abusive Post Report Copyright Violation | The NEW SafeMoon is here and opening up their new exchange next week. Quoting: Anonymous Coward 74468155 PinkElon is the exchange and will be the crypto spaces main hub for the production of meme coins and tokens HERE! Thread: NEW CRYPTO POPPING OFF - PINKMOON. Exchange goes live next week! (Page 2) |
| Anonymous Coward User ID: 74468155 United States05/06/2021 10:24 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 76766798 United States05/06/2021 10:36 AM Report Abusive Post Report Copyright Violation | |
| JohnDough
User ID: 6857165 United States05/06/2021 10:36 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 77606890 United States05/06/2021 10:38 AM Report Abusive Post Report Copyright Violation | Depends on how much you make. Either way it will be considered capital gains, whether is short or long term. With Bidens new plan both short and long would be the same. 43%. Quoting: Save America From Politicians Let me clarify. Short-term capital gains are taxed just like your ordinary income. That's up to 37% depending on your tax bracket. At the very end you clarify income... you should clarify income first, then scare them with the highest tax bracket for transparency... The 40% tax is for those over 400k income... I don’t agree with the tax AT ALL, just hate when people intentionally scare people... |
