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RE: Vlog 197: Taxes and the STEEM blockchain - A tough puzzle.

in #life7 years ago

Yes, I agree @doctorjohn ,and pls read my comment above.The same I believe is true for earnings. If I earn 100 one day teaching and put it in a bank account, and it grows to $500, I do not pay income tax on the growth rate of $500. I pay it on the initial $100. Same should hold true for crypto. If he reinvested his steem, which he did, the growth should not be taxed as earnings, right? Just a thought. Blessings.