Dathan Smart (Muska)

A new era of $CRO really begin this time, not just a marketing line Why ? > Supply capped > Staking tiers > Revenue backed CRO buybacks (though this deserve a article) Now, what's gonna happen next I'm not sure. I hope that Cronos App launches with a killer marketing campaign to stand out. Cronos need to stand out! That's what's gonna bring "GOLDEN ERA"

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Current System (50% CGT Discount) Step 1: Apply CGT discount Capital gain: $100,000 50% discount: $50,000 taxable Step 2: Total taxable income Salary: $100,000 Taxable capital gain: $50,000 Total taxable income = $150,000 Approx tax payable Tax on $150,000 ≈ $40,567 Tax without the capital gain Tax on $100,000 salary ≈ $22,788 Effective tax caused by the gain $40,567 − $22,788 = $17,779 So under the current system: Tax on the $100k gain ≈ $17.8k Effective CGT rate ≈ 17.8% Proposed New System (30% minimum CGT with no 50% discount, plus indexation) For this example, assume inflation indexation = $0 adjustment. Step 1: No discount Entire gain taxable = $100,000 Step 2: Total taxable income Salary: $100,000 Capital gain: $100,000 Total taxable income = $200,000 Approx tax payable Tax on $200,000 ≈ $60,667 Additional tax caused by the gain $60,667 − $22,788 = $37,879 So under the proposed system: Tax on the $100k gain ≈ $37.9k Effective CGT rate ≈ 37.9% The government is taking in an additional $18,975 in tax for every $100,000 capital gain sale. That's 18.97%!!!!!!!

1 coin. 1 reason you haven't sold. Shill me.