massive fud for the metaverse? How the fuck do I declare gains from cryptos that I earn in the metaverse? First of all, the rewards happen at times I can not plan, secondly I am rewarded in magic internetmoney that's highly volatile. Let's say I earn 500 internetmoney now, 200 in 2 hours and 400 tomorrow. There's no way in hell I'm going to track down all these random occuring payments and look up their reflective USD valuation.
taxation is extortion, just pay what you think you owe and they probably won't break your legs
No broken legs > broken legs
This uncertainty will continue until the federal government and their private handlers figure out how to maximize their profit from all of this. Currently they are way behind all of us gay internet frogs when it comes to crypto stuff. Which is why you see hostile stuff like the infrastructure bill. They need to create confusion and hesitation while they try to catch up.
Yeah...my prophecy: digital land will be taxed like physical property. Earnings from meta games will be taxed as income.
so I gonna pay taxes on your digital land every year?
Pay the tax or eat the bugz
I think they change tax code for that in the future
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