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24479794 No.24479794 [Reply] [Original]

>coin gains are taxed with 25%
>coin gains are tax-free when coin was held for at least 1 year
tfw my country is forcing me to make educated decisions and diamond hand them instead of gambling like a degenerate

>> No.24479945

>>24479794
which country?

based tax laws encouraging mass holding and long term price stability

>> No.24480061

>>24479945
Germany
According to our legislation crypto currency is treated like any fiat currency. The 1 year period is there to prevent forex speculation.

>> No.24480880

>>24479794
coin gains are taxed based on your income tax which can be way more than 25%

>> No.24480916

>>24480880
It's up to 45% and most people that invest are already at 42%.

>> No.24480950

>>24479794
I’m moving to Germany. That’s an incredible deal.

>> No.24480992

>>24479794
How do you prove you've held them for at least one year? It's easy if you're just holding on Coinbase or something, but what if you've been moving them around through exchanges or mixers?

>> No.24481011

>>24480950
Dont, everything else is shit and on top it’s the HIGHEST TAXED country in the entire world. Look it up, we‘re nr.1.

>> No.24481068

>>24479794
do they really check your crypto wallet? how does that even work?

i guess id put it all in a stablecoin and hold for a year.

>> No.24481079

>>24480950
It ends next summer, after that it's always your income tax. At the moment there is a chance to claim it as capital gains with 25%+church tax.

>> No.24481172

>>24480880
>>24480916
Oh, you're probably right about that. I just assumed that you'd have to pay Abgeltungsteuer for coin gains. Then that's an even higher incentive to hold for 1 year.

>>24480992
If the German equivalent of the IRS thinks you might be evading taxes they're gonna let the tax investigation authorities research it. As you've already said, in that case Coinbase will probably give them a protocol of your transactions. I'm not sure what happens if you're concealing your transaction with mixers or something. They probably won't be able to trace back your transactions, but I don't know if you then have to prove how you turned those 5k€ you've put into some blockchain into 100k€.

>> No.24481194

>>24479794
Krauts based for once

>> No.24481248

>>24481068
It won't work, this rule only applies to crypto which are bought with fiat. Everything else is taxable, even buying Tether with other cryptos is a taxable event.

>> No.24481249

>>24481011
Other EU countries have similar high taxes. Denmark for example has even higher taxes than Germany.

>>24481068
I'm quite sure they would request transaction logs if you've used some central exchange like Binance. I don't know if they would also check the blockchain to find your transaction, but I guess they might do that if you're shoving around high amounts of money.

>>24481079
No, the 1 year holding period rule will not end.

>> No.24481308

>>24481249
Germany has the highest taxes, when you count mandatory welfare/social stuff as taxes.

This rule only applies to cryptos which you bought with fiat.

>> No.24481349

>>24481011
LOL im from Buenos Aires and I say kill them all

>> No.24481407

>>24481068
>i guess id put it all in a stablecoin and hold for a year.
Let's say you go € -> ETH -> USDT -> €
It is my understanding that you must hold ETH for at least a year. You can't cheat the system by quickly converting to USDT and then wait for a year. As soon as you go ETH -> USDT you need to pay taxes on gains, unless you held ETH for at least a year.

>> No.24481488

>>24481079
>it ends next summer
Source?

>>24481249
Yeah including social dues and all this bullshit we‘re the highest worldwide. The country were you get the largest pre/post Tax difference of all countries.

>> No.24481492

>>24481407
You need to pay even after a year, when you trade crypto to crypto.

>> No.24481672

can somebody, who ACTUALLY already paid his taxes, way in on this and not just heresay. because from my understanding you hodl atleast one year and selling after that is a nontaxable event. no taxes whatsoever. same as hodling gold. by hodling a year, you 'proof' that theres no speculation, that would get taxed, involved. and its first-in-first-out. hodling a year is easy to proof, simply by transaction ID to your hard wallet.

>> No.24481812

>>24481488
>Yeah including social dues and all this bullshit we‘re the highest worldwide. The country were you get the largest pre/post Tax difference of all countries.
Yes, because unlike other countries we truly care about feeding our Negers :)

>> No.24481925

>>24481488
>bullshit
Look up the new tax reform from Scholz, it's in there. I am not sure if it already passed.
But that's not even the biggest financial disaster which currently brews in germanistan, look up the new program from the green party and what they want for the next election. That shit can kill our economy and they have chances to get it.
>>24481672
You need to claim fifo at the Finanzamt, they won't do it for you.

>> No.24482064

Do you believe that the first investment can be profitable? I believe because the RBC gave me my first x2 profit! You’ll ask how can it be?

> Good exchange conditions on Rubic
> Multichain and cross chain
> The system development always pushes the price up!

> https://rubic.finance/
> @cryptorubic_chat

You have an opportunity to get even x20 profit next year, so don’t miss your time!

>> No.24482080

>>24481925
>Look up the new tax reform from Scholz, it's in there. I am not sure if it already passed.
That tax reform is about removing the Abgeltungsteuer and instead tax your Kapitalerträge with your personal Einkommensteuersatz. That has nothing to do with the 1 year Spekulationsfrist.

>> No.24482087

>>24481925
I didn‘t >bullshit your post lad, I asked for a source. Im aware Scholz is retarded but where can I read about this point? All I find are dumb news articles that don’t include such details, help a brother out please

>> No.24482111

>>24482087
The Bullshit was some serious fat fingering on my phone, sorry.

>> No.24482117

>>24479794
Australia has the exact same laws.

>> No.24482169

>>24480992
You can leave the UTXO untouched for a year and then sign on demand a message with the corresponding private key, thus proving that you're in possession of the key to these old coins.

If you moved them around, all you'd have to do to cryptographically prove your ownership is sign from every address the coins hopped to and from.