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RE: Does anyone here have a clue how TO PAY TAXES FROM EARNINGS on STEEMIT?
Hey,
actually it is not to hard, avoiding Tax Payments. In Europe is quite easy, we have "Malta" and Malta does not tax on Crypto. So make your transactions over Malta or similar Countries. If you are "stateless" even easier.
If you invest bigger, you need 2 Companies (one in Malte and one anywhere else). So you pay your winnings to Malta (Income out of foreign Countries is here Tax free). And that is only one Way, there are many.
cheers bitcoin.news
I love how responsive you are @bitcoin.news
I didnt actually indend to learn more about avoiding paying taxes. I would rather like to know how to pay them and if we have to pay them.
Let's say that I invested 10k usd into steemit. And Im using bots to promote my posts and I'm receiving some rewards. And some of it Im giving away to my followers if they leave any interesting comment. Etc. etc.
At the end of the day I would never withdraw my steem but I would keep growing and value of my account would be growing too.
Will I be forced to pay taxes from "income" on steemit? Will transfering sbd to bots be considered cost? I just cannot imagine how to approach this.
Cheers,
Piotr
In my opinion you intend to pay taxes for the wrong reason, out of fear. Taxes are meant to support your county services like health care insurance, social security, firefighters, police, justice, prison, army, government offices, etc. If you would like to support those public services, out of love for your country, you can ask your local tax office how. If they want you to give them all your money and send you to prison, buy a one way ticket on the next flight to North Pole, Moon or Mars. Sometimes the Hell is here on Earth. Build your Heaven in your soul. God does not need money, He has infinite goods for those who know his love..
You're right. Mostly out of fear.
And you're also right that money from taxes are supporting all those services. but it doesnt change the fact that Im willing to pay taxes mosly because Im afraid of consequences of not paying them
Yours
Piotr