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RE: ADSactly On ADSACTLY - Part #38 - Taxation of Crypto - Part #1
So, you would tax people for buying the pebbles. Not even governments do that... :D
So, you would tax people for buying the pebbles. Not even governments do that... :D
It's better than taxing while holding the pebbles! Plus, if you only tax after you swap your pebbles back to money, it creates a whole list of problems I listed before. So only capital growth tax on crypto isn't gonna work, and taxing cryptos while buy/sell is not practical, I see taxing when coming in AND out as a fair compromise!
Buying and holding shouldn't be taxed because pebbles are not legal tender. Only legal tenders can/may be taxed. We would accept taxing of revenues when sold for fiat and will continue with our thesis in the next post. Thank you for your contribution to the discussion!