Amazing post! I love your predictions :) heheh I think we should hit 1 million by the end of the year, this platform is extremely addictive and I see new people here every day. One thing that I was thinking about is the tax and government? If the platform becomes very successful, will they start taxing you? How would this work? Because they will come and try to take your money! Alla x
You are viewing a single comment's thread from:
Yes we'll get there especially if you hand out more yummy Steemit cakes!
Taxes and government? Hey this is magic Internet money, what taxes? j/k Yeah it really depends, but I expect it to be similar to Bitcoin mining and some countries have given guidances to treat it as income. In theory you can make an argument that what you get is an untaxable gift because 1) you aren't really selling anything 2) you aren't contracted to this as a job 3) you don't necessarily have to have an expectation of reward 4) Oftentimes you don't receive anything. So rewards can be considered gifts. I always wanted to write about the gift economy and taxes.. maybe some day. Remember crypto is very difficult to confiscate unlike bank money. However this isn't tax advice and I'm not a tax advisor. Your jurisdiction probably has different arbitrary rules that most people comply with.
hahah I know my man for a tax advice now! you better keep your eyes open when I come for advice :) hahah I love all these points, great ideas. Thanks! Regardless, yes come for free cake :P
Lol. Not sure you want to take tax advice from a voluntaryist. It's usually trouble. ttyl!