4 ms·

That is completely wrong. Income is anything of value, not just cash. If you find a gold nugget in your yard, you have to pay taxes on the value of the gold eve

That is completely wrong. Income is anything of value, not just cash. If you find a gold nugget in your yard, you have to pay taxes on the value of the gold even if you never sell it.

bildung 5y ago
This all depends on juristication. You are correct if you implied the US AFAIK, TedDoesntTalk is right in e.g. Germany.
- pc86 5y ago
  And even within the US this is true for the IRS but may or may not be true for the state in which the person lives.
  - 8note 5y ago
    They still owe the IRS regardless of state they live in though
    - pc86 5y ago
      That's what I said.