taxes

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Elizabeth Warren and Turbotax (Newsweek -TurboTax Under Pressure Over Tax Breaks)

15 Feb 2024 4 minute read 3 comments SeventyFourSeventyFive

I don't like politicians at the national level. I don't mean I don't like one certain party or I dislike most of them. I mean, I don't care for them individually, or as a whole.  I just want to get that out of the way. This article, the one mentioned...

A U.S. Tax Law Passed in 2021 is Making Crypto Tax Reporting Hell in 2024

5 Jan 2024 5 minute read 2 comments WinterYeti

Back in 2021, the Infrastructure Investment and Jobs Act was passed as a response to help the country recover from COVID, inflation, and economic stagnation. And, of course, tax changes were buried in that omnibus law package, intentionally written t...

Pay Your Fair Share… Or Else

21 Nov 2023 2 minute read 0 comments SeventyFourSeventyFive

I am always nervous when some politician utters the phrase “Pay Your Fair Share.”  The phrase is often taken as a positive, as 99 percent of us by definition are not in the one percent of earners. Anytime a political person can say something they thi...

Have You Thought About Your Share of The Debt?

9 Nov 2023 1 minute read 0 comments SeventyFourSeventyFive

If you are a US citizen, here is a fun statistic for you to wrap your head around: In the 1920's the average spend per person in the United States by the federal government was around 200 dollars (that is in todays dollars, adjusted for inflation.) T...

Fiat Money and Taxes

28 Oct 2023 6 minute read 0 comments OfTheFreeMarket

“The power to tax involves the power to destroy . . . “ -Former Chief Justice John Marshall, in McCulloch v. Maryland, 17 U.S. 4 Wheat. 316 316 (1819)  “Taxes are what we pay for civilized society, . . . “ -Oliver Wendell Holmes, former Justice of th...

Can You Guess How Many People Pay Crypto Taxes?

8 Oct 2023 2 minute read 2 comments Crypto Safety First

Swedish crypto tax firm Divly has released a report that estimates that only 0.53% of global crypto investors have paid crypto taxes in 2022. Even in countries with relatively higher tax compliance rates in the crypto space, such as Finland and Austr...

Benefits Of Decentralization

29 Sep 2023 1 minute read 0 comments OfTheFreeMarket

“I believe the role of the government is too big. Society must be more decentralized.” -Pavel Durov Last time we were on here we spoke about the inefficiencies that decentralized blockchain technology can resolve. Today I want to focus on the benefit...

The $600 Rule

22 Sep 2023 4 minute read 0 comments WinterYeti

Back in December 2022, gig workers were given a reprieve. However, many weren't paying attention or aware of the sudden, pending tax reporting responsibility that was about to be dropped on them. Fortunately, due to a number of complaints and the fac...

The Tax Hell

11 Apr 2023 6 minute read 18 comments Duvinca

Hello friends! Here tax season starts now... I don't know if heaven exists, but I do know that there is hell, a tax hell and it is in Spain. Lately we have heard this expression more and more around here because everything is more and more bloody, in...

Joe Biden’s Crypto Tax: What Does it Mean for Crypto?

11 Apr 2023 4 minute read 12 comments MintDice.com

President Joe Biden's proposal to introduce a tax on cryptocurrencies has sparked a heated debate within the crypto community. While some argue that the tax is necessary to address the environmental impact of crypto mining and prevent tax evasion, ot...