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RE: Want To Be A Steemillionaire? Here Are The Crucial Things To Do For Newbies on Steemit

in #steemit8 years ago

You better sell that STEEM quick because that $30,000 is going to turn to about $7500 shortly as this system got hyped before its internals have been worked out properly.

At that point I would like to inform you that depending on your tax residency the tax man may think that you owe him 35% or 40% of that $30,000.

Also keep in mind that 50% of it takes 2 years to take out, while your taxes will come due in much less time, essentially making you front money to cover this revenue.

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Did you think he waited until he cashed out his first few thousands lol