Dogecoin (DOGE) Discussion Thread

[TELL ME YA CHEESIN FAM?]

can anyone post a link? to SNL?

 

[CreepyMcCreeperson]

Where u buy shiba?

Crypto.com is my go-to for everything....for now

 

[iamduval]

If this nikka doesn’t come through for us he’s a dead man smh

 

[iamduval]

Crypto.com is my go-to for everything....for now

That shyt is trash

 

[FaTaL]

- Many are gonna HODL all the way down
- Many are gonna re-invest on the way down, when trend reverses (as crypto has followed boom-bust cycles over last 7+ years) and end up losing their gains and more
- Similar to 2018 bust, many new investors who traded in and out are gonna find themselves owing big taxes, not set aside enough money to pay said taxes (see below)

all i hear from the stock/crypto coli dudes is always save 50% for taxes

 

[Ezekiel 25:17]

- Many are gonna HODL all the way down
- Many are gonna re-invest on the way down, when trend reverses (as crypto has followed boom-bust cycles over last 7+ years) and end up losing their gains and more
- Similar to 2018 bust, many new investors who traded in and out are gonna find themselves owing big taxes, not set aside enough money to pay said taxes (see below)

From what I understand, you only owe taxes when you transfer the gained funds to your account. I thought that's how it works?

From my calculations, you should take 20% from those earnings to pay taxes. 20% should cover both short term and long term

 

[Michael's Black Son]

If this nikka doesn’t come through for us he’s a dead man smh

his mom said it. Don’t think that counts

 

[bl2k8]

Mamma getting doge for Christmas

 

[El Bombi]

 

[Mega]

His moms just mentioned it

 

[lib123]

From what I understand, you only owe taxes when you transfer the gained funds to your account. I thought that's how it works?

From my calculations, you should take 20% from those earnings to pay taxes. 20% should cover both short term and long term

I don't think that's how it works. You usually owe capital-gains taxes on profits as soon as you sell, whether you transfer funds to your bank account or not. If they are short-term gains (bought and sold within 1 year), the tax rate is the normal income tax rate (up to 37% federal + state). 20% is for gains on investments held over 1 year.

 

[Ezekiel 25:17]

Maybe somebody that's knowledgeable can chime in. Here's the chart I'm referring to regarding capital gains taxes which I think crypto falls under

 

[FaTaL]

Maybe somebody that's knowledgeable can chime in. Here's the chart I'm referring to regarding capital gains taxes which I think crypto falls under

thanks for posting that, i have no clue

 

[Numpsay]

From what I understand, you only owe taxes when you transfer the gained funds to your account. I thought that's how it works?

From my calculations, you should take 20% from those earnings to pay taxes. 20% should cover both short term and long term

40%

 

[Malik1time]

Crypto.com is my go-to for everything....for now

I gotta wait for 2 business days to verify