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RE: Valuing Steem Rewards As Taxable Income Is A Vast Overstatement Of Tax Liability - Part 1

in #taxes7 years ago

Thank you for this. It's a different perspective to what we normally read. I'm not sure it makes calculating a tax liability any easier though. That said, if you don't reveal your account details to your local tax authority, I'm not sure they can track you down anyway.

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You're absolutely correct. Minimizing tax liability, particularly in a legally defensible way, will absolutely be more work than simply paying a higher gross amount.

I hope to make it as simple as I can in future posts, but it has many times more calculations required than a flat rate like Jerry does.