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Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats by refurb on Sunday September 27, 2020 @01:04AM (#24604361)
It's helpful for people making high incomes, but yes, you're correct, it doesn't provide much clarity on the actual taxes paid.

At $220,000 CAD, the tax rate in BC (one of the lowest in Canada other than Alberta) would be 35.8%. In Quebec, it would be 42%.

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