article thumbnail

6 Ways To Easily Decrease Your Crypto Tax Liability

YoungUpstarts

When you choose to sell off your stocks, bonds, or cryptocurrency, a special tax called a capital gains tax is assessed by the government. Short term capital gains can be taxed at a rate of up to 37% , compared to the maximum rate of 20% for investments held for over a year. Gifting Coins. Final Thoughts.

article thumbnail

US Economic Risks (Sept 2010): Impact on Investors & Entrepreneurs

Both Sides of the Table

And when you further strip out any employment created by government stimulus that is uncertain to continue going forward we know that the country is not creating enough jobs. This coupled with government intervention of companies “too big to fail” were the blight that led to Japan’s “ lost decade.” We’d have to hit 2.5%

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 Tax Planning Strategies for Small Businesses

The Startup Magazine

After all, navigating through State, Federal, income, corporate, and sales taxes is no cakewalk. Every business must pay a certain percentage of gross income as tax to the state government. Sole proprietors and partnerships only have to pay tax on their income, waiving off the corporate and sales tax from their financials.

article thumbnail

5 Reasons Why Investors Are Doing More 1031 Exchanges Than Ever

YoungUpstarts

This is highly beneficial because it stops you from having to pay capital gains taxes on the sale of the old property. That might not seem like a huge deal, but on a sale of a million dollars or more it can add up to significant sum of money.

article thumbnail

Do Nonprofit Organizations Need to Pay Taxes?

Board Effect

Do nonprofits pay taxes on capital gains on donations? Many states require nonprofits to pay sales taxes on items they purchased and to charge sales taxes on the items they sell. The state laws where your organization is chartered outline the rules for sales and property taxes. What do nonprofits pay taxes on?

CPA 59
article thumbnail

Why Startups Should Pay Attention to Herman Cain’s 9-9-9

Both Sides of the Table

In case you don’t know, “the “9-9-9 plan” would replace all current taxes (including the payroll tax , capital gains tax , and the estate tax ) with 9% business transaction tax; 9% personal income tax rate, and a 9% federal sales tax.” The video was no accident.

Utah 289
article thumbnail

French Tax Law for Start-ups: Ringing the Alarm Bell

Cracking the Code

This post is a translation of the article: « Pigeons » : le cri d'alarme d'un fonds américain published on LaTribune (12/10/2012) and is a response to the proposed tax law proposed by the government of Francois Hollande, suggesting to tax all capital gain at the same level than salaries or 60%.

France 71