https://www.irs.gov/newsroom/irs-updates-draft-version-of-form-1099-da-digital-asset-proceeds-from-broker-transactions-requests-comments-on-form-planned-for-2025>Short-term capital gains (assets held for one year or less) are taxed at the same rate as ordinary income, which can range from 10% to 37%, depending on your income level.>Long-term capital gains (assets held for more than one year) are taxed at a lower rate, which can be 0%, 15%, or 20%, again depending on your income level.They pump and dump a memecoin literally at the start of 2025.What do you think is their plan?Whoever sold their coin and netted a profit will probably be in the 30% tax bracket on that earning. On the hook to the IRS.
So? That's a good thing.
>implying the irs will still exist by the end of 2025
>>59661741>Whoever sold their coin and netted a profit will probably be in the 30% tax bracket on that earning. On the hook to the IRS.wow the same as its fucking been for the last 100 years you dumb spic. This explains everything!!!!!
