Looks like those of us based in the U.S. officially don’t have to pay income taxes on #zaps.

Let the Golden Age of #Nostr begin!

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They technically fall under financial gifts too, which are untaxed.

Beautiful!

I'm Australia it's a personal use asset as long as you treat it like money and don't treat it like a stock.

Woot, wasn't going to pay anyways

I think many others were thinking along the same lines.

Everyone (except for like one dude)

Awesommme, next let's get de minimis exemption so I can buy a cup of coffee with sats without triggering a taxable event

Wish our government did the same 🤣

As if..

As cool as this is for those people...the disparate tax treatment this doink is dulling out is so stupid.

#boating_accident

I don’t want to get too hopeful here, doesn’t congress have to pass this for it to be legit?

I believe this falls under the “No Tax On Tips” provision in the One Big Beautiful Bill.

That’s what’s up 👏🏽

I bet the reporting required still exists. Have fun

This for real?

Based on what I’ve researched thus far, it seems to be.

In what country are they taxing zaps?

bro - my zap out to zap in is negative: deduction

Who reports their zaps?? Fuck that.

And fuck ‘em anyway

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Zaps aren't tips. You were going to pay taxes on them?

🤣🤣🤣

That's awesome 👌

This kind of post depress me ... Seriously not sure if it's trolling or not. But if not we are so deep in the shit...

Same people praising for freedom, decentralized money and social networks eventually bend the knee, pay taxes and ask permission on zaps 🤣

Pretenders.

Cypherpunks, outlaws, dissidents, visionaries all moved on to Monero.

Nope

AI CEOs want to train as much data as possible. So entice everyone to do v-logs!

I guess that zaps are actually taxable in the US, despite this

To be considered exempt under this, I guess it has to be the government's (current) definition on money, i.e. USD

I think that Bitcoin (or other commodities such as gold) would - in large amounts - be subject to some tax (CGT, income tax, gift tax, ...)

When was the last time Bitcoiners tried to become ungovernable? I hate PC Bitcoiners much more than their fiat counterparts that just don't know better.

#Monero for real

Looks like those using Monero give a fuck about unenfirecable laws no matter where they live aka freedom.

Income tax?

I wouldn't pay those technocratic commie sudo-dictator cunts if they held a gun to my head anyway.

Fuck those bustards, they can come try and take it.

Free your mind

Know Thy Self

Mushrooms for sats