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0 sats \ 4 replies \ @User21000000 15 Feb \ parent \ on: MrBeast's $10M 'Beast Games' Winner to Only Receive $5 Million After Tax news
Yeah it does would it not be the same if we had govs in a bitcoin world they will still want to tax the same
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Would they not just put you in jail as they know he won and got the prize? So pay or in jail you will stay would unfortunately happen?
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I'm not a lawyer but to my knowledge, it's count as a taxable event only from the moment you convert to fiat and govt can't tax you for something they don't have a decree on or at least when they can't calculate its current tax amount and the profit that corresponds to it...
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Yeah I guess it would depend where you are and what they class it as . I think they would class it as income here so would be taxed the same as ones wages and they would work it off 10 m fiat value of bitcoin and send a bill for the tax amount and then failure to pay would prob be tax avoidance
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