A very interesting and relevant article on the taxing of staking "rewards". Apparently it's in court now so we'll see where it ends up. Definitely has ramifications for all of us in CUB. In the US, at least. Definitely worth reading....
https://cointelegraph.com/news/crypto-staking-rewards-and-their-unfair-taxation-in-the-us
There is also a LeoFinance article written about it.
https://leofinance.io/@bitcoinflood/the-usa-irs-and-staking-now-is-the-time-to-stand-up
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Isn't it obvious? IRS must be smoking some cheap stuff.
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It is obvious, and yet the tax code is unhumanly massive. It takes a while to get through that thing, which is one reason tax attorneys and CPAs get the big bucks. They suffer through that so you don't have to (until the bill arrives).
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It will put a burden on both the investor and these professionals. Would be stupid and unfair if they implement this.
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Absolutely.
While taxation is a deceiving synonym for theft, we still pay taxes because it's the taxing authorities wich have the guns and the jails to put us in when we don't-- and they won't hesitate to put us there.
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Scoundrels! Get away to Malta or something.
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Not Malta-- that's where Binance is!
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