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How to Avoid Giant Unexpected Tax Bills on Cryptocurrency Trades
In this video, Bitcoin educator and entrepreneur Andreas M. Antonopoulos, explains cryptocurrency taxation and how you can help your future self by being aware of your country's crypto tax laws.
Video timestamps:
0:00 Down The Rabbit Hole: Capital gains taxes
1:52 39.6% marginal tax for long term capital gains for people making more than a million dollars a year
3:12 How capital gains taxes work in the US
5:40 How marginal rates work
9:37 There is danger from getting a whole bunch of taxable events from trading
12:10 Knowledge is power
The video was uploaded on May 7, 2021.