Jan 13 2018, 10:11 AM
QUOTE(smartly @ Jan 13 2018, 01:11 AM)
i think what IRB should do is to tackle company level (luno) in term of taxable income...rather than pinching every individual investors..
if we gain they want to tax, when we loss in our investment who gonna pay us back ?
In the developed world eg. US & Europe, when you gain you're taxed as capital gains. When you lose money, you can offset that loss (up to certain limits) for any gains in the next x number of years.if we gain they want to tax, when we loss in our investment who gonna pay us back ?
I think many people don't realize how good you have it here, US citizens are taxed on worldwide income even if you don't live or earn that money in the US. Personally I'm happy to pay taxes, just make it clear up front instead of the govt being clueless all the time. The US IRS issued statements on crypto almost 4 years ago...
This post has been edited by tishaban: Jan 13 2018, 10:13 AM
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