it isn't only 25% tax. If your good friend is employed, it counts as additional capital gains and s/he would also have to add health insurance + solidarity + unemployment + pension + church tax if s/he is into that kinky stuff. There is a cap for the health insurance AFAIK so with that amount of capital gains s/he would definitely hit that cap. I'd still say around 38-40% taxes in total.
If not cashing out, s/he can hodl 1+ year. It works with FiFo method as well, meaning s/he can declare her/his oldest hodl as cash out. That way no taxes...
Jose Morris
I would have to pay 50% of these 2 mills in austria just to get ahmed and his 3 wifes and 17 children 2 nice houses and free shit.
Fuck you
Ayden Lopez
Yeah I know.
but im not gonna hold that for a year mate
Owen Barnes
If any crypto wallet is tied to you via an exchange or broker, you will have to explain some things one day.
The FA may not be able to check everything now but they can come back to you up to 5-7 years? I think.
Thata fucks me up royaly too. I'm gonna list everything and go for LIFO, if this goes through, jackpot. If not... well fuck I hope we get another bullrun until end of 2018
Lincoln Roberts
Thank you for your replies!
Now, im pretty sure there must be a way to get out of the situation safely without paying that amount of taxes & waiting a whole year.
Braucht er es nicht? Alles in Monero und niemanden was erzählen. Wieso weißt du überhaupt was davon?
Zum auscashen einfach mit dem Auto in die Schweiz und unter 10.000 Euro bleiben. Da zwinkert kein Schweizer Grenzbeamter und solange du kein Kanacke bist hält dich eh keiner auf.
Christian Stewart
any of these options would mean for your good friend that s/he stays more than half a year outside German reich. Double taxing is not an issue for the reich but if s/he stays in reich for longer than 6 months a year, s/he will have the pay the tax difference.
