Capital gains taxes need to paid on every one of those bartender tips.
We underestimate the importance of getting tax law changed so that either bitcoin is recognized as a currency (instead of property) or that small transactions like tipping become exempt from capital gains taxes.
What taxes? Bruh! Anonymous sats exchanging hands!
I’m just stating was is true, not what should be. Tipping 30k sats is like going 56mph in a 55mph zone-technically illegal but the state doesn’t care. But they will care if you buy a $million house with bitcoin if you only bought the bitcoin for $100k years ago. That’s why we need tax laws changed.
Enjoy staying a slave.
Cuck
just use a p2p exchange if you need to convert small amounts to fiat
are you technically correct? yes. do employees that get tips report and count every single part of their tips in their taxes? that's not up to me to care or worry about.
as for tax laws getting updated, again, yes, you are correct. we need them to be updated for bitcoin into a much more favorable manner.
