> If its treated as property then the maximum is 20% of capital gains. if it is ... | Hacker News

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makr17 on March 25, 2014 | parent | context | favorite | on: IRS Says Bitcoin Is Property

> If its treated as property then the maximum is 20% of capital gains.

if it is _long_ _term_ capital gains. short term gains are taxed at the same rate as regular income.

donpdonp on March 25, 2014 [–]

Long term gains apply to assets held over one year. The rate on such gains for an income under $36000 is ... wait for it ... 0%!

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