Tag: individualresponsibility

NFT Tax Case Shows Individual Responsibility Needed, Not More Regulation

NFT Tax Case Shows Individual Responsibility Needed, Not More Regulation

Waylon Wilcoxface, 45 of Pennsylvania, is in trouble. He claimed to have avoided more than $3.2 million in taxes by not reporting his CryptoPunks NFT sales. What’s more, he raked in an eye-popping $12.3 million selling digital avatars. Instead, he indicated zero income from virtual assets across the board. Zero!...