04-23-2021, 05:06 AM
A lot of people misunderstanding the possible increase in Capital Gains Tax
<!-- SC_OFF --><div class="md"><table><thead> <tr> <th>Tax Rate</th> <th>Capital Gains Income</th> </tr> </thead><tbody> <tr> <td>0%</td> <td>$40,400</td> </tr> <tr> <td>15%</td> <td>$445,850</td> </tr> <tr> <td>20%</td> <td>$1,000,000</td> </tr> <tr> <td>39.60%</td> <td>$1,000,000+</td> </tr> </tbody></table> <table><thead> <tr> <th>Sample Capital Gain (1Y)</th> <th>Amount Taxes Paid Before</th> <th>Amount Taxes Paid After</th> </tr> </thead><tbody> <tr> <td>$50,000</td> <td>$1,440</td> <td>$1,440</td> </tr> <tr> <td>$100,000</td> <td>$8,940</td> <td>$8,940</td> </tr> <tr> <td>$200,000</td> <td>$23,940</td> <td>$23,940</td> </tr> <tr> <td>$400,000</td> <td>$53,940</td> <td>$53,940</td> </tr> <tr> <td>$800,000</td> <td>$131,647</td> <td>$131,647</td> </tr> <tr> <td>$1,600,000</td> <td>$291,647</td> <td>$409,247</td> </tr> <tr> <td>$3,200,000</td> <td>$611,647</td> <td>$1,042,847</td> </tr> <tr> <td>$6,400,000</td> <td>$1,251,647</td> <td>$2,310,047</td> </tr> </tbody></table> <p>Oh man, so many little guys gonna get screwed by this! /s</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/crypto_lad"> /u/crypto_lad </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mwfgnd/a_lot_of_people_misunderstanding_the_possible/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mwfgnd/a_lot_of_people_misunderstanding_the_possible/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><table><thead> <tr> <th>Tax Rate</th> <th>Capital Gains Income</th> </tr> </thead><tbody> <tr> <td>0%</td> <td>$40,400</td> </tr> <tr> <td>15%</td> <td>$445,850</td> </tr> <tr> <td>20%</td> <td>$1,000,000</td> </tr> <tr> <td>39.60%</td> <td>$1,000,000+</td> </tr> </tbody></table> <table><thead> <tr> <th>Sample Capital Gain (1Y)</th> <th>Amount Taxes Paid Before</th> <th>Amount Taxes Paid After</th> </tr> </thead><tbody> <tr> <td>$50,000</td> <td>$1,440</td> <td>$1,440</td> </tr> <tr> <td>$100,000</td> <td>$8,940</td> <td>$8,940</td> </tr> <tr> <td>$200,000</td> <td>$23,940</td> <td>$23,940</td> </tr> <tr> <td>$400,000</td> <td>$53,940</td> <td>$53,940</td> </tr> <tr> <td>$800,000</td> <td>$131,647</td> <td>$131,647</td> </tr> <tr> <td>$1,600,000</td> <td>$291,647</td> <td>$409,247</td> </tr> <tr> <td>$3,200,000</td> <td>$611,647</td> <td>$1,042,847</td> </tr> <tr> <td>$6,400,000</td> <td>$1,251,647</td> <td>$2,310,047</td> </tr> </tbody></table> <p>Oh man, so many little guys gonna get screwed by this! /s</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/crypto_lad"> /u/crypto_lad </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mwfgnd/a_lot_of_people_misunderstanding_the_possible/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/mwfgnd/a_lot_of_people_misunderstanding_the_possible/">[comments]</a></span>Kind Regards R