Bitcoin's Tax Problem. tiny capital gains for real world cash
simplifiedprivacy.com Bitcoin's tax problem: Tiny capital gains for real world cash |
AI summary of the linked articleA guest article by anon-bobo, directed at residents of Fiji and published with a disclaimer that the website does not share its views, argues that spending Bitcoin creates tiny capital gains that are unrealistic to track for daily purchases. It says some wallets do not show the price at which Bitcoin was received, and it describes a Lightning-based route that it claims would let a spender argue that no tax is owed. The article presents Monero as the better option, claiming it becomes untraceable once bought and costs 1 penny to send. |
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