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RE: (VIDEO) Very Important Updates: Stocks, Bitcoin, Bonds, US Dollar, MORE. By Gregory Mannarino

in #money7 years ago

Another great post Greg. I would like your insight on the issue of taking profit by cashing out of crypto currency back to fiat dollars. You a pretty smart guy and I would like some critical thinkers to speculate on the future of how taxation may look/be enforced on the crypto currency system. Link is below. Thanks.

https://steemit.com/money/@threat08/avoiding-capital-gains-tax-15-avg-when-cashing-out-your-bitcoin-into-fiat-theoretically-of-course

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Great Q @threat08 ~ I'd be curious to know as well how a full blown crypto explosion affects the tax system...

In Australia an interesting move has been the government REMOVING the double tax it had previously levied on cryptos. Very interesting to see another sovereign government effectively bless the cryptos.