Posts

avatar of @taskmaster4450le
25
@taskmaster4450le
·
·
0 views
·
1 min read

If one has gains that are sold from crypto, that is all feeding into making a million. It is not just income from a job.

Those gains you are talking about would be taxed based on being a long term or short term investment.

In this instance, the long or short term is not applicable since they are looking to moving the capital gains rate to the same as earned income. That means all investments, at will be taxed at the same rate regardless of how long held.

Most are acting like it wont affect then but with crypto it could. And it could be very expensive.

Posted Using LeoFinance Beta