Oh shit, wouldn’t all of Nostr fall under this!?
nevent1qqsdt2l98wdlj63g0xa7gxq07ss6uaxfuhcjj28sjcan0gktq8jqqkgpzfmhxue69uhk7enxvd5xz6tw9ec82csq3q2xc
Discussion
Forget the sat vs bits.
Rename tips to gifts.
good thinking!
Since nomenclature is being argued over. Wouldn't this mean that prices of goods can be called tips? 🤔
Just tipped you Guy! 🫡
"The term ‘qualified tip’ means any cash tip received by an individual in the course of such individual's employment in an occupation which traditionally and customarily received tips on or before December 31, 2023, as provided by the Secretary."
"in the course of such individual's employment" is probably the operative (and disqualifying) section.
https://www.congress.gov/bill/119th-congress/senate-bill/129/text
Tipping is done with money.
In the USA bitcoin is not considered money.
Zapping on nostr is gifting, legally speaking.
And every US Citizen has $13,610,000 lifetime gift tax exception limit. The more ya know...
:110percent:
LOL
The big move would be treating Bitcoin as what it is: MONEY
The only answer is no taxes and Bitcoin.
Probably not, but lawsuits will ensue:
“(c) Qualified tips.—For purposes of this section—
“(1) IN GENERAL.—The term ‘qualified tip’ means any cash tip received by an individual in the course of such individual's employment in an occupation which traditionally and customarily received tips on or before December 31, 2023, as provided by the Secretary.
“(2) EXCLUSION FOR CERTAIN EMPLOYEES.—Such term shall not include any amount received by an individual in the course of employment by an employer if such individual had, for the preceding taxable year, compensation (within the meaning of section 414(q))(4) from such employer in excess of the amount in effect under section 414(q)(1)(B)(i).”.
(2) PUBLISHED LIST OF OCCUPATIONS TRADITIONALLY RECEIVING TIPS.—Not later than 90 days after the date of the enactment of this Act, the Secretary of the Treasury (or the Secretary's delegate) shall publish a list of occupations which traditionally and customarily received tips on or before December 31, 2023, for purposes of section 224(c)(1) of the Internal Revenue Code of 1986 (as added by paragraph (1)).
I like the take!