Germany's new crypto tax draft is about to screw over retail holders in a way nobody's talking about.
If you can't prove your cost basis after Dec 31 2026, the government will assume you bought at 50% of your sell price. Translation: they're taxing you as if you 2x'd every position.
Let me spell this out:
- $BTC is DOWN vs a year ago
- Most alts are bleeding harder
- But the tax math assumes you doubled your money
Who gets wrecked? Everyday holders who:
- Don't track every CEX transfer
- Bought during bull runs (many still underwater)
- Have no idea this rule is coming
You could literally sell at a LOSS and still owe taxes under this framework.
This isn't just bad policy, it's a wealth transfer from retail to the state. The 50% assumption is completely disconnected from market reality. Most people who bought in the last 2 years are flat or down, not up 100%.
If this passes as-is, start documenting EVERYTHING now. Every buy, every transfer, every wallet. Because come 2027, the burden of proof is on you, and the default assumption is you're a degen who 2x'd.
Am I missing something here or is this as predatory as it looks?
If you can't prove your cost basis after Dec 31 2026, the government will assume you bought at 50% of your sell price. Translation: they're taxing you as if you 2x'd every position.
Let me spell this out:
- $BTC is DOWN vs a year ago
- Most alts are bleeding harder
- But the tax math assumes you doubled your money
Who gets wrecked? Everyday holders who:
- Don't track every CEX transfer
- Bought during bull runs (many still underwater)
- Have no idea this rule is coming
You could literally sell at a LOSS and still owe taxes under this framework.
This isn't just bad policy, it's a wealth transfer from retail to the state. The 50% assumption is completely disconnected from market reality. Most people who bought in the last 2 years are flat or down, not up 100%.
If this passes as-is, start documenting EVERYTHING now. Every buy, every transfer, every wallet. Because come 2027, the burden of proof is on you, and the default assumption is you're a degen who 2x'd.
Am I missing something here or is this as predatory as it looks?
