A funny thing about Ripple is that, the main arguments against it always seem to make it look like a better deal...
Ripple isn't technically crypto currency is a common point I see people bring up. If that were true then the IRS tax laws would need to be extended to include Microsoft Points, World Of Warcraft gold and CS:GO weapon skins.
Well, so is Ripple technically a 100% tax free coin then? Ripple takes every argument people throw at it and turns it into a strength!! Oh its owned by big banks! Well now that sounds like a great bonus to investors honestly!
Not a real crypto currency, well its also tax free then too!
The ones hating on Ripple will take back what they said when Ripple hits $5 :)
You got a laugh out of me! As well as a follow! :)
If you earned in ripple then congrats you have a chance to save tax.
No taxes? Puts everything into Ripple ♥‿♥
Hey if the people yelling its not crypto are right then how can they tax it!
Yea i agree, 30% tax on cryptos here in my country that is why i got happy about this approach.
Thank you for sharing (─‿‿─)
It really is a crypto as far as I know, I am just joking around at the people who claim its not.
I have been fooled (ಥ﹏ಥ)
No but yea, just because banks don't want to tax on ripple it is no longer a crypto. ¯_(ツ)_/¯
This post very nice..i like bitcoin.thanks for sharing this post..
laugh is always beautiful very sweet @thecastle
good job dear @thecastle
I like your post dear
If you can not pay taxes then there is no one else happy as I am. . :) Anyway, I got a lot of fun reading your post
very funny😂
The terminology is starting to be really weird here. I mean not all of what some people call cryptos or cryptocurrencies are actually currencies or cryptocurrencies.
For example now we have these platforms like STEEM, Ethereum, LISK, NEO, etc.
For NEO you are basically buying shares and they give you GAS which is it's internal currency. If you hold NEO shares how do they tax you? Same as stocks or as if you would have a 'normal' share in a company? ...
How do they tax you for utility tokens? How for tokenised securities?
It would be a bit stupid if they pull out a flat % tax bills for all the above. But if they do otherwise it will probably be a mess when people report taxes on their crypto assets.