Nostr Web Client

Amethyst client sending zaps with Strike now works perfectly. The zap note is publicly visible and everything. I like how for the sender it deducts from USD balance hence there is no annoying capitap sale tax event to keep track of.

I'd love it if CashApp worked similarly but there buying and sending sats are two separate events meaning you technically bought and sold BTC? If so this is something CashApp could also improve.

🐢 2y ago

ridiculous, I didn't sell any BTC, I spent it, with its value remaining as btc. tax man living in the past, if they want to come after me for zappin' sats, let them. you don't pay taxes when you drop your pennies in a busker bucket, the busker pays the taxes on their income. that's the way it will be, if you making your salary in sats, pay your taxes, but paying cap gains on my sats cuz I zapped someone for providing value, nah.

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Discussion

MaxMoney21M⚡ 2y ago

I'm pretty sure zapping would be considered a gift. You don't need to report gifts up to something like $16k per year.

🐢 2y ago

ShiShi21m 2y ago

*Btc moons on global swan event & hits dollar sat parity*

🐢 2y ago

😮😮😮😵

Warren Togami 2y ago

Malicious Compliance: Report one million zaps as individual capital sale line items on a paper tax return because you don't trust e-file.

Warren Togami 2y ago

This isn't about income. You could be technically required to report thousands of zero gain/loss tax events because the policy is stupid and broken while it lacks an exception for de minimus amounts. Hence malicious compliance.

Mark Camper 2y ago

For redundancy, send to every IRS branch around.