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RE: Use TenX Pay Visa to legally avoid Capital Gains Tax in the US.
To me it looks like you can avoid taxes if you spend less than $600 per year in cryptos. The answers to both questions specifies "$600 or more in a taxable year." I'm trying to figure this out and it's eating my brain.
600 to an independent contractor in a year. So if you spend 599 at kmart and 599 at walmart and 599 at BJs etc. Also it seems like doing this will be way to complicated to trace. I am not a tax advisor, do what you think is best, I will be spending what I can this way to offset cap gains tax.
If that's correct, then why is there a Bill in the house to allow purchases of less than $600 using cryptocurrency without capital gains tax? I'm no tax professional, but I think you'd better consult one. You could be setting yourself up for a big problem in the future. Good luck!
I am not a tax professional, I stated that and I included the bill for anyone to read.