⚡️🇯🇵 NEW: Japan's ruling Liberal Democratic Party has proposed reducing #Bitcoin gains tax from 55% to 20% in a draft plan released Thursday by lawmaker Akihisa Shiozaki.
Discussion
Not good enough.
55%. Yikes. Does anyone know what it is in the US?
55%!!! And we wonder why mstr has a premium
55% is the highest possible income tax. Bitcoin profit is viewed as income in Japan. So if you make more than like $300k in a year, that's your tax rate.