What say the Nostr community about the fact that every single zap is a taxable event?
Does this not prohibit all law-abiding citizens from wanting to participate in Bitcoin?
There is the Virtual Currencies Tax Fairness Act that was introduced to the House of Representatives exempting transactions under $200, but what about RIGHT now?! Seems impossible to account for every zap and the capital gains and losses on each transaction.
How can a Nostritch stay compliant with the current rules?! This is a mess as it stands. Let’s hope the <$200 house bill passes and soon.
65600 / EST. 65600
npub13s…k27y8
2024-04-03 06:10:29
Author Public Key
npub13s7klzklk6sgkpf3m8jnm95fmjg02fuj342snkqttcnn25qucp0snk27y8Published at
2024-04-03 06:10:29Event JSON
{
"id": "e5689c4043cc8f8df22190dd6600d026a31b775e63548ccfcb2870177e960217",
"pubkey": "8c3d6f8adfb6a08b0531d9e53d9689dc90f527928d5509d80b5e2735501cc05f",
"created_at": 1712124629,
"kind": 1,
"tags": [],
"content": "What say the Nostr community about the fact that every single zap is a taxable event? \n\nDoes this not prohibit all law-abiding citizens from wanting to participate in Bitcoin? \n\nThere is the Virtual Currencies Tax Fairness Act that was introduced to the House of Representatives exempting transactions under $200, but what about RIGHT now?! Seems impossible to account for every zap and the capital gains and losses on each transaction. \n\nHow can a Nostritch stay compliant with the current rules?! This is a mess as it stands. Let’s hope the \u003c$200 house bill passes and soon.",
"sig": "6b8c07fa38e0050cda18b1ce44a22742fa29d25fed30fd9d618b02de102326f3f316e3674efaa00fec8e89c9e689ff5caa36591b7f278d569937646130d885e0"
}