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RE: This is potentially huge news for STEEM and the rest of the Altcoin market...

in #steem4 years ago

All your replies on here... seem so shallow. That Capital Gains tax is a one righteous mother fucker. I'm trying to figure all of it out now myself.

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Haha yes, that is pretty normal on here these days. Regarding the tax, this is mostly in reference to crypto "earned" from staking being taxed only when sold as opposed to when claimed/harvested like many interpret the laws to be currently... The fairest and easiest method is to only pay tax when sold. This would likely take a lot of the sell pressure out of the altcoin market each year as people aren't forced to sell if they just hold and earn...

Again, Thank You for sharing Your insights...