I'm sure most of you will have learned of the new tax laws relating to cryptocurrency. With every single trade now considered a taxable event, calculating how much you owe for each one in your national currency will prove a very difficult for task, especially for day traders.
I have taken the liberty of drawing up a quick formula that you can make use of to determine how much tax you owe to your government. This method will work regardless of how often you trade, or how much crypto you own.
The Method
I am not telling you not to pay tax, that is on you. All I am saying is that paying tax of your own volition is akin to paying for your rapist's penis-enlargement surgery. Let's stop making it easier for them to fuck us, eh?
I feel I should say that, you might go to jail if you don't pay tax. I am prepared for that, and have been for a long time. I hope anyone who may be inclined to make use of this formula is too.
Taxation is theft.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you so much. I was just thinking about taxes, like a responsible citizen that I am. However, I think you forgot to mention when are the taxes due. I searched for a few hours on the Internet and it seems it's 90 days after hell freezes over.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
hahaha, excellent!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I thought this was a serious article...Lol...pleasantly surprised to find otherwise. Give unto Caesar what is Caesar's, right. Well, none of my crypto has Caesar's face on it...or the ugly mug of the queen of england, so shove off says I!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
righhthttt?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
While reading the first two paragraphs I thought this post was serious and was gonna mention in my comment how it differs from country to country and that you should specify which country you're focusing on...
...then I saw the actual 'formula'. Nice play, my friend. :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Lol. Yes, that was my intent. I feel things hit you harder when you're not expecting them, which is useful for both the comedy aspect of the post, and the message.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
When it comes to you, I always expect the unexpected!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Are you saying that my unpredictability has become predictable?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Oh dear, I guess I am......are there penalties for that?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes. Get your gloves on. You're in goal.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I second that!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I can relate :))
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I believe the DOD should be audited before I give one more dollar to The US govern-cement.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
do you think they can account for every spending :D yeah I'm seconding you on that, so many planes and drones just to money launder and improve technology probably :D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Do you know how much paper work has to be filled out for requisitioning ANYTHING in the military? That they couldn't provide a paper trail means they are doing shady things. And, they really shouldn't be doing so.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good stuff my friend. The sooner the scardey cat victim mentality is eradicated, the sooner we can start fighting back 'en masse' against the 'bankers'.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
hahaha I was going to comment that! nice formula.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Taxes... because using words like strong arm robbery and extortion lack the luster of legitimacy needed to convince anyone that they "owe" anything.
Great non advice that everyone should follow.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
if someone asks you about taxes, tell them to make a steem account and that you will upvote them :D and follow for follow :D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I owned and run a company in the UK years ago
FTG ltd.
(Fuck the government)
Never paid a penny on tax just changed address every so often
Fuck those thieving bastards if all politicians were executed the world would be a better place!
P.s. same applies for bankers!
P.s. oops didnt notice from when the post was lol.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Lol. I had a team on Halo 3 a decade ago whose gamertags all began with FTG. It was my choice, and I'm sure you can guess what it stood for.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That was about the time I ran that company :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
HAHHAHA omg, I was like shit, this seems redic but ima read it anyways incase it tells me something useful about not paying taxes, and voila! Fuck it all, if the government wants my money I want them to be held accountable for their bullshit! That aint happening yet lol soooo, let the free internet and decentralized blockchains be free!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Well said I agree with you. I hope this never happens.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Love it!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Holy Steem, this is a hard choice and a dnagerous topic right here, but I guess we can not avoid it forever and only post about kitties and flowers
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
steem on :D
jk follow fuzzy's brother
found it
https://busy.org/bitcoin/@fonsolo/how-newly-passed-tax-reform-hamstrings-us-cryptocurrency-or-an-eli5-w-examples-or
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That formula's gonna come in handy for years to come.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice post.Holy Steem, this is a hard choice and a dnagerous topic right here, but I guess we can not avoid it forever and only post about kitties and flowers
Thanks for sharing
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@son-of-satire Such a great article
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Ahh, ‘‘tis the season where squeezed people are squoze even more... bravo on your tree stump solution!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit