>be me
>canadian
>crypto taxed at 50%
>50 FUCKING PERCENT ON CAPITAL GAINS
>WHAT THE FUCK IS WRONG WITH THIS COUNTRY
BURGERBROS TAKE ME IN
Be me
Hahahahahaha get fucked commie.
that's not how it works u fuckin retard
NOOOOOO USA BAD CANADA GOOD
What if you come to America on holiday and use one of the bitcoin ATMs
50% of your capital gains is taxable at the rate of your income bracket you absolute retard
what hte fuck are you talking about you mega retard?
get gassed in MineKampf, Java Edition
fuck man, 35% sucks ass but 50% is insane, sorry maple bro...
> tfw yuropoor with no capital gains under 50k
life's comfy
Wait, so if you're a leaf, half of your capital gains are automatically exempt?
MAPLEBROS TAKE ME IN
Correct
beg your leader for the rake
Based
From the thumbnail I thought Trudeau in that cape was a giant woman's brapper ass-up
hahaha ooooh cuckada ooooh cuckadaaa...
>pay tax on wage
>invest taxed money in the stock market
>pay tax on gains
lmao
If you cash out $1M in capital gains the tax is only $205,673.43. So it's only about 20.5%
Just remember, the US fought a war with the British to gain independence over a 4% tax on tea.
just think how cucked you are....
In burgerland that would be above 35%. Didn't know you leafs had it so good.
Just don't cash out bro. 1 btc = 1 btc forever.
> be me
> live in Slovenia, Melani Trump land
> crypto taxed at 0%
> 0 FUCKING PERCENT ON CAPITAL GAINS
>Paying Taxes
You disgust me KEK
>Live next door to Slovenia
>Crypto tax 33%
>tfw crypto-to-crypto aren't taxed at all in my country
I'M NEVER SELLING! YOU HEAR ME GOYS?
NEVER. SELLING.
FUCK FIAT!
So which one is it?
and i thought france and its 30% was too much
don't care anyway you can find me in malta soon with its sweet 0%
BASED
Hes approx right
I messed it up so I rewrote it
Op here I just realized that 50% means that only 50% of my capital gains from crypto are taxed.
Once the taxes are calculated for 1m in crypto for both canadian and us taxes i actually get to keep 890k in canada and 660k in the US without accounting for conversion rates.
serves you right for allowing niggers and libcucks to run your country
I think he only calculated the highest margin tax
1.3% here....hahahahaahahahahaahahaha faggots.
America literally had a nigger president retard
I don't think that's right still. I tried some online calculator and it says you'd have to pay around $200k-$225k in taxes on $1m depending on the province.
don't forget to pay tax when you spend your gains too
It's 50% of your gains are taxable at whatever income bracket you are in, not 50% are taxed. Retard
That's fucking based, what the fuck am I doing in the US.