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0 sats \ 2 replies \ @User21000000 15 Feb \ parent \ on: MrBeast's $10M 'Beast Games' Winner to Only Receive $5 Million After Tax news
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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0 sats \ 1 reply \ @ch0k1 OP 15 Feb
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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0 sats \ 0 replies \ @User21000000 15 Feb
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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