You are viewing a single comment's thread from:
RE: [n00btorial] How to buy anything with Steem or SBD online. In 7 simple steps.
Yes for me this is not about tax fraud or evasion, it was just a lil epiphany to find this way to buy some stuff online...
I used it to support some of my kitefriends who are doing a fundraiser Kite-surf event in which 60 people will kitesurf a distance of 130 KM or 80 Miles along the dutch coast in September. As I couldn't support them with Steem through the donation site. http://hoektothelder.nl
i was refering to the comment of @udg ofc not to your post. i upvoted the post, cause i didnt know about ecoin myself. just not sure if they have a sustainable business model. most of those services close down in the long term due to regulations.
just so both of you know, you can't tax cryptocurrency if you keep your money in crypto. If you're declaring your income in bitcoins or steem dollars, they can't tax you. Since the money isn't their controlled. They may have attempt at taxing this, but it's most likely going to be capital gains tax, which is the most basic income tax out there. But they can't enforce this tax on anyone, only to those who are willing to declare their income in the standard fiat cash. You just have to keep in mind that you're profiting in crypto not standard fiat cash.