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RE: The Opinion Chat #2: If Steem Was High Enough In Value, Would You Quit Your Job And Work Full-Time On Steemit?
I quit my job 2 years ago (with a big bank) to become a freelancer. Currently Steemit is just for fun, but if I could make the same money from Steemit that would even be better, because:
- you would be completely location independent. Means there is no need to commute to work or your client monday - friday. Like a digital nomad you could even work from thailand or wherever you are currently.
- Freedom of choice what you work on. Nobody would tell you to work on things you are not interested in. No more boredom and waisting your time.
- I believe Steem is tax free, right?^^
- it is a great community to be part of
- many other reasons and future developments I can't think of right now because I am enjoying the sun on my little balcony^^
Yeah I am a big fan of number 1. You can work anywhere, even while traveling. And it is pretty sweet to literally work on what you want to. But you do have to pay taxes on it, I think it is considered investment income in Canada, at least if you bought it and made a huge return. Which means you pay on half (like bitcoin), but that might not be the case as you are getting it per post, you might be taxed on all of it. Maybe you pay full tax on the value you make on posts and then %50 on the value that you made from the increase. Make sure you do your research when tax season comes.
The location independence is really a big thing. I have some friends who moved to Chiang Mai where they have a kind of hotspot for digital nomads. They all work on someting that you can do online:
living expenses are liw there and quality of life is high
taxes is a big bitch in Germany where I am currently based. as afreelancer you look at your bank account and laugh and then cry because you have to give almost 50% to the the state -.-
I would still love to see Steemit as a crowdfunding platform, too. So if you wanted to work professionally for Steem as a writer, programmer, whatever, the community could fund that...
could go on for hours on this.
what are you working on as a freelancer?
I am looking for a new project that has something to do with blockchain and can be done remotely!
Yeah it really is a liberating network for a lot of freelancers regardless of their work. That is a good idea, you should write a #growth-ideas post to let people know, they are looking for ways to expand the network.
thx will do that =)
In Germany income from Bitcoin is taxed as capital gains so you only pay Kapitalerstragsteuer oder den persönlichen Steuersatz, wenn dieser niedriger ist (was bei Familie+Kinder+Absetzen leicht sein kann).
This coin should be the same. At least for the moment ;) Don't tell them it's pay-per-post and you should be okay :D
What does that translate to?
Kapitalerstragsteuer: 26,3750 % without church taxes, maximum 27,9951 % with.
(In Germany you decide if you pay a church tax or not and towards either catholic or protestant church, the other "state acknowledged" churches (muslim or jews for example) are not doing this)
Personal tax rate is of course very varied, very low income (where you get social security) is 0%, then it starts with 14% for following money.