05-03-2021, 11:55 AM
Crypto profit taxes are such bullshit
<!-- SC_OFF --><div class="md"><p>Sorry for this short rant , but it's so fucking annoying, that in Hungary (highest taxes overall in europe), we pay 1/3 of our income as tax, then we go to shopping and buy food with 27% higher price for taxes. But if I manage to invest what little saving I have, take my own risks and maybe gaining some profit, guess what? When I want to convert my crypto to fiat, I have to pay 30,5% tax after my profit. I mean seriously, talk about robbing. I'm not sure about the tax situation in other countries, but this feels so dissapointing.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Pleshow"> /u/Pleshow </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n3fgi6/crypto_profit_taxes_are_such_bullshit/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n3fgi6/crypto_profit_taxes_are_such_bullshit/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Sorry for this short rant , but it's so fucking annoying, that in Hungary (highest taxes overall in europe), we pay 1/3 of our income as tax, then we go to shopping and buy food with 27% higher price for taxes. But if I manage to invest what little saving I have, take my own risks and maybe gaining some profit, guess what? When I want to convert my crypto to fiat, I have to pay 30,5% tax after my profit. I mean seriously, talk about robbing. I'm not sure about the tax situation in other countries, but this feels so dissapointing.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Pleshow"> /u/Pleshow </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n3fgi6/crypto_profit_taxes_are_such_bullshit/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/n3fgi6/crypto_profit_taxes_are_such_bullshit/">[comments]</a></span>Kind Regards R