TreasureHunter
Well-Known Member
A few years ago there was a debate on the forum whether it could hit 1 cent.
Well: it has!
How high will it go?
Will it hit 1 $?
Well: it has!
How high will it go?
Will it hit 1 $?
Dogecoin has hit 0.015 $!
- Thread starter TreasureHunter
- Start date
I wouldn't be surprised at all in this ridiculous market. But I've got 3 million of them on this laptop somewhere..... sooo.
tasty....if you find them
Yeah, but Teach me a lesson if I don't as well. It's pretty funny how a Joke of a coin is probably now making some people a shitload of money from what was only ever intended to be a social phenomenon huh.
Much Fascination
Such Money's
Many Stunnings
TreasureHunter
Well-Known Member
Even if it reaches 0.25 USD, it will be a great performance!
I really hope it does. My Bro Inlaw has 300,000 he has been h for over four years now, Now he gets to say to his missus " Told Ya"!
Haven't had a job since early 2010, was on a disability pension till 2012. Haven't ever worked since. So my tax rate is ?
Fuck man I hope your tax rate is whatever is legally required and verifiable and nothing else! You shouldn't pay more tax just because you made money with crypto!! Just pay the right amount of tax and no more.
Well I haven't had a Job, so I figure I come in at the lowest tax rate which is nothing if I earn below 18K per year.
Assuming you only sold 18k worth of crypto, then it's nothing.
No I need to earn 18K in a "real" taxed Job before they can tax me first. My Tax is Zero otherwise.
Why is that? CGT is normally just added onto income.
But what income do I have Leo ? I don't collect the dole or pension, I don't have any sort of income at all. So what are they going to base any sort of Tax on ?
If your income is $0 and you made $50k profit from selling cryptos, then your taxable income will be $50k. That's how it works.
Income Tax.... Nil, When you make a capital gain, it is added to your assessable income "Assessable income" , Nil !
But if I am taxed at the going income rate of less than 18 K per year then the rate is Zero Leo.
Thats wrong. It is income as far as the ato is concerned. But you don't have to convince me, you need to convince the tax man.
As long as you only sell small amounts ever year and your profit is never over $18k per year then you will never get taxed. But if you sell say $50k then the ato will say your taxable income is $50k.
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