IMPORTANT: We have the ability to make zaps tax free in America.
If you’re an American take five mins and call and tell them that you are supportive of senator lummis’s tax amendments.
We have an hour to call.
This will help us get tax exempt status in the U.S. for small payments.
Calling now
Less than $200?
Looking forward to the day when I get a knock on the door to take me to jail for the 37sat zaps I’ve been making over the past 3 years!!!!
First time I’ve ever called a politician please do so as well
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Fuck your senator and my MP. My money is permissionless.
Imagine paying taxes on zaps.
Just spend your digital currency however you want tax free and stop pretending politicians and governments have authority over your unalienable right to transact however you so choose .
Unalienable rights come from God. Governments have no authority over them. All governments do is infringe on those rights.
lol
Love how we need to beg the same people who can’t balance a budget to let us send each other 50-cent zaps tax-free… 😂
Zaps are taxed? LMAO
Technically yes lol
I consider them de minimus gifts not subject to reporting.
It’s unclear if the irs agrees with this
Zaps are not taxable in any state.
Zaps are gifts, and for the 2025 year, the lifetime gift tax exemption amount is $13.99 million per individual.
This means that an individual can gift up to $13.99 million during their lifetime without incurring federal gift taxes. For married couples, this amount is effectively doubled to $27.98 million.
They are gifts, so unless people zap over $18k per person per year, then no reporting is needed.
How are zaps taxed to begin with? More so just selling off BTC for fiat is what’s taxed right?
Zaps are technically income
🤫
It’s all a gift received for volunteering my services.
But only if you sell them for fiat?
Big surprise, Lummis roles snake eyes yet again.
