In the US, it is simply under the capital gains laws.
So under 1 year holding is taxed at one's earned income rate. Over a year is the capital gains tax rate.
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In the US, it is simply under the capital gains laws.
So under 1 year holding is taxed at one's earned income rate. Over a year is the capital gains tax rate.
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What is the percentage in that? Or is it in every state different.
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The capital gains is like 15% or 20%. The earned income tax rate varies based upon income: between 10% and 39% I believe.
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Short-term cap gains is where they’ll kill you on crypto
Long-term cap gains is obviously far more attractive.
Mine averaged out to about 19% with a mix of some short and some long-term
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Yes exactly.
Long term cap gains are more attractive in many ways.
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Short term are simply earned income.
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That’s a bit lower than here.
Better hold it long term… 😉
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