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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.

Silent Hodler 2y ago

What taxes? Bruh! Anonymous sats exchanging hands!

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Discussion

Derek Ross 2y ago

right... are you reporting every single zap you do? 😆

SGT.FISH 2y ago

I lost my zap in a boating accident 🫡

Derek Ross 2y ago

sames 😟

SGT.FISH 2y ago

Damm another one someone should do something about all these boats 😔

nobody 2y ago

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.

nobody 2y ago

…technically illegal if you don’t pay capital gains taxes that is….