Looks like those of us based in the U.S. officially don’t have to pay income taxes on #zaps.
Let the Golden Age of #Nostr begin!
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They technically fall under financial gifts too, which are untaxed.
Beautiful!
I think many others were thinking along the same lines.
Wish our government did the same 🤣
As if..
As cool as this is for those people...the disparate tax treatment this doink is dulling out is so stupid.
#boating_accident
That’s what’s up 👏🏽
I bet the reporting required still exists. Have fun
Now that’s a win!
Zap ⚡️ it Up!
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Everyone (except for like one dude)
This for real?
Based on what I’ve researched thus far, it seems to be.
I believe this falls under the “No Tax On Tips” provision in the One Big Beautiful Bill.
In what country are they taxing zaps?
I'm Australia it's a personal use asset as long as you treat it like money and don't treat it like a stock.
bro - my zap out to zap in is negative: deduction
Who reports their zaps?? Fuck that.
#grownostr
I wouldn’t do it anyway. Fuck the IRS in the ass
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And fuck ‘em anyway
Zaps aren't tips. You were going to pay taxes on them?
This kind of post depress me ... Seriously not sure if it's trolling or not. But if not we are so deep in the shit...
Same people praising for freedom, decentralized money and social networks eventually bend the knee, pay taxes and ask permission on zaps 🤣
🤣🤣🤣
AI CEOs want to train as much data as possible. So entice everyone to do v-logs!
I guess that zaps are actually taxable in the US, despite this
To be considered exempt under this, I guess it has to be the government's (current) definition on money, i.e. USD
I think that Bitcoin (or other commodities such as gold) would - in large amounts - be subject to some tax (CGT, income tax, gift tax, ...)
Looks like those using Monero give a fuck about unenfirecable laws no matter where they live aka freedom.
When was the last time Bitcoiners tried to become ungovernable? I hate PC Bitcoiners much more than their fiat counterparts that just don't know better.
#Monero for real
Pretenders.
Cypherpunks, outlaws, dissidents, visionaries all moved on to Monero.
I wouldn't pay those technocratic commie sudo-dictator cunts if they held a gun to my head anyway.
Fuck those bustards, they can come try and take it.
Free your mind
Know Thy Self
Mushrooms for sats
Nope