Do you plan to use Steem to generate any portion of your retirement cash flow?
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Not in this model.
I just treat steem as a savings account.
My minimum outppoint for a powerdown is around $5 steem.. even if that happens I'd only PD 1 or 2 rounds and hodl the rest.
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Does your taxman take 20% of crypto holdings? Always curious to hear about this stuff, in the Netherlands I pay less than 1% if I hold more 'savings' than 60000$.
I've not idea how tax on returns on crypto work in the UK TBH - I just take 20% as a baseline shaft that'll catch up with me at some point!
You get the first £10K of returns on dividends per annum tax free, dunno whether crypto is in the same asset class.
Much is unclear here as well - but for now crypto falls under that low tax rate :D
I must say that I'm quite torn on tax - I hate it now I'm self-employed and into crypto, but I have one of the best pensions in the world to look forward to after 16 yrs in teaching, which is basically down to other people paying tax.
Of course that pension is only as secure as the British state.
Yeah, my level-headedness always tells me that all that I'm getting (healthcare, pension, education, safety) is just not affordable if I had to pay for it myself, so I'm from a 'pragmatic' perspective pretty much okay with tax. Indeed, as a freelancer I also realized how much tax I pay and that was less noticable when I still was an employee, but I decided I'm still not complaining. Almost every time I visit a different country then mine I'm in awe of how well arranged and good things are over here :-/ I'm perfectly fine with people following ideologies that say tax is stealing, I get the feeling, but sometimes theft makes for a pretty good life hehe :D