Let's say you have some bitcoin and you hold them for 1 year and then sell for a gain of $100,000.
Alternatively, you trade that bitcoin throughout the year and end up with a gain of $110,000.
You pay 15% tax on your 100k gains.
You pay 30% tax on your 110k gains.
After taxes, did you make more or less in your trading account?
[link] [comments]

You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments