Jude Bellingham Bitcoin #shorts #crypto #bitcoin #judebellingham #football #finance #tax #germany
Published June 10, 2023, 7:20 a.m. by Courtney
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what if Jude Bellingham The footballing
Sensation from Borussia Dortmund who
owns a whopping 1.3 million euros a year
is actually a Bitcoin maximalist Jude
earns 108 000 Euros per month now if he
DCA it into Bitcoin at 20 that would
have been 21 600 euros for Bitcoin but
how much tax would Jude have to pay on
the Bitcoin well it's important to know
that Germany taxes crypto based on the
holding time and your income brackets if
Jude were to sell his Bitcoin within a
one-year period he would be subject to
the highest possible income tax rate of
45 due to his high income however if
Jude decides to hold on to his Bitcoin
for more than a year he can enjoy a tax
exemption period meaning his gains won't
be subject to capital gains tax so Jude
if you want to minimize your tax
obligations make sure to hold on to your
Bitcoin for that magic one-year mark
