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The income tax on that bounty would halve its value compared to Bitcoin, if they have a way to cash out that isn’t reported. Also for example, if they’re a US
by floatingatoll 6y ago
The income tax on that bounty would halve its value compared to Bitcoin, if they have a way to cash out that isn’t reported.
Also for example, if they’re a US student, they could lose access to benefits and loans as a result of reporting the income.