Tag: taxation

Bitcoin to $96K? It's Time to Tax the Crypto Bros!

Bitcoin to $96K? It's Time to Tax the Crypto Bros!

Bitcoin flirting with $96,000? Awesome for them, I guess. As the S&P 500 and Nasdaq continue to creep higher, help by… what, exactly? A trade deal with a mystery country? All the while consumers’ confidence is tanking and job openings are vanishing quicker than my hope for affordable housing. Something...

Crypto Tax U-Turn Innovation Wins, Not Just the Rich

Crypto Tax U-Turn Innovation Wins, Not Just the Rich

Well, Congress just repealed a problematic crypto tax regulation. The knee-jerk reaction? Outrage. The headlines have been screaming about a $4.5 billion revenue loss over the next ten years. Accusations fly about pandering to the wealthy. But hey, let’s hit the brakes for a moment. What if this isn’t merely...

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!...