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RE: Busting blockchain myths

in #hive5 months ago

LOL! Tax is a fact of life and necessary for some things. I've not paid any on my crypto yet, but then I've not moved huge amounts. I just don't know how the tax would be calculated on something I didn't buy.

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my guru on here explained it is subject to CGT, above £3k per tax year.

Taxation is theft... PERIOD

I'd dispute that. Good luck finding somewhere to live with no taxes.

That's why I try to live on 100% crypto if at all possible. I am at 90% at this point. Then I go out into USDC, which there is no cap gains taxes on USDC to dollar exchange here in the US.

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