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You don't need to pay taxes. Example: You earn $1000/month. Cost of living is $500/month, labour tax is $500/month. By using cryptocurrency you can skip tax an
by gdvvc 5y ago
You don't need to pay taxes.
Example: You earn $1000/month. Cost of living is $500/month, labour tax is $500/month. By using cryptocurrency you can skip tax and save up $500/month, in legit employment (labour law, worker rights protection) you save up $0/month, you work for free, hand to mouth.
- ceejayoz 5y agoDon't mistake OJ getting away with murder for OJ being permitted to murder. You need to pay taxes. You're just illegally not doing so.
- hestefisk 5y agoThat presumes you get paid in crypto, not fiat.
- jazzyjackson 5y agoOr I can just get paid cash under the table, same thing
- vmception 5y agoWeird take. If your employer is obligated to withhold taxes from you per pay period, then they can do that and still pay you the rest in stablecoins. If your employer is not obligated to withhold taxes because you are a contractor, then not having taxes withheld has nothing to do with earning fiat or earning stablecoins. If you are trying to avoid the record of payment by earning stablecoins, this is neither an efficient way to do it nor is it legal.