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Very interesting read. I agree with your "advise" keeping the money away from bank accounts is the best way to avoid tax it seems at the moment.

For sure.

My sentiments:

:D

Ha! Yes. And thank you so much for the randowhale upvote. You rock! 👊😎

Really good post babe.
Lots of good info, you can bet your life that desperate governments are looking to close every current loophole in order to grab every penny they can. Stash your money now folks before it's too late.
Nice one Choo Choo 😉

Yep. Exactly. That's one of the reasons I left Australia and am working towards getting all my money out of banks. They don't make it easy though.

You're right they don't make it easy but it's got to be done. Nearly all banks are broke when you do proper accounting, they're going to be screwed during the next big economic event.

Thanks for this, I feel like I'm 'future proofing' in a big by reading this as although I'm no where near making serious crypto gains that may well change in the future, and I am sure you're right - some kind of crypto tax is coming.

That $10K tax threshold figure holds true in the UK - To me, that says 'just figure out how to live on less than that per year and you basically don't have to worry about tax! Quite easy to do with a renaissance lifestyle.

Mega cool bio btw - travelling vegans will always get my upvote!

Thank you @revisesociology! And good to know about the UK.

Nice - do you know if this is true in the US as well? I guess I should probably know that...

Hi @Geke, feel free to check my articles out for US information.

Great article @choogirl, it is always interesting to see another country perspective!

Thanks @cryptotax.

No idea sorry. I try to avoid knowing stuff about Australia's tax code, let alone anyone else's.

Thanks @cryptotax.

F U Tax! Go away!! I will ask my financial risk boss lady about this... See if she can confirm...

Brilliant post @choogirl. 100% UV & resteemed.

...and all-round general incompetence and shitness.

This could have come from my own keyboard! Bang on the money. My hope is that the days of taxation theft itself (or at least the widespread public acceptance of it) are numbered.

Haha. Thank you @nolnocluap.

👍 no problem! Keep up the great work.

This post received a 3% upvote from @randowhale thanks to @overkillcoin! For more information, click here!

Awesome post and very relevant to all Aussies holding crypto. Now I know what you were doing in Panama! ;)

If you read the ATO literally "provided the cost of the bitcoin is $10,000 or less" you could argue that the cost of Bitcoin is currently about $4700 USD, so....no worries mate!

Ha, yes I'd wondered about the literal value as well.

And yes, the tax benefits is one of the reasons I moved here.

I loff loff loff your goaties!!!!

I wants.

They are cute aren't they?

Damn that tax man, if only we there was a way to start a new country with no taxes and only voluntary crypto crowdsourcing lol

Just a dream, maybe Mars in the coming years haha

  ·  7 years ago (edited)

How good would that be? We could call it Discordia.

Great article well informed and easy to read . Quite the task when dealing with tax.

Thank you. If it's easy to read then I feel like I achieved my goal.

Truth revealed decades ago on popular tv show: https://dtube.video/#!/v/ragetester/6xicf9st Feed the government! Or was I looking for a different f word?

@choogirl got you a $1.48 @minnowbooster upgoat, nice!
@choogirl got you a $1.48 @minnowbooster upgoat, nice! (Image: pixabay.com)


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This post received a 2% vote by @minnowsupport courtesy of @sammosk from the Minnow Support Project ( @minnowsupport ). Join us in Discord.

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great post sir nice work done!!!followed you,if you are interested in health tips,please follow me at https://steemit.com/@billi007 (,please follow me

CommentWealth trolls for trolls and spams the spammers... please be aware @billi007 that consistent spam comments like yours might eventually result in flags, which hurt your reputation and earning potential. Linking to your own account (which your name does just fine) and begging for a follow in another Steemian's comment thread is really bad form. Next time, try engaging with the author in a way that builds true community here on Steemit!

@topkpop beat me to your 1400 follower, so I'm your 1401.

Going to peruse your posts now.

Thanks @andrewgenaille! I saw you pinged me in Discord. I will come back later for a chat.