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122 sats \ 2 replies \ @BlokchainB 21 Mar \ parent \ on: SEC confirms that Proof-of-Work mining is not a securities transaction bitcoin_Mining
Gold. When gold is mined the mineral it isn’t counted as taxable income. When you think of it deeper which commodity is taxed as income at point of being extracted. Does Exxon Mobil pay taxes for every barrel of oil they mine. They pay taxes on revenue generated from the sale of the oil
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124 sats \ 1 reply \ @Undisciplined 21 Mar
Interesting. I didn't know how that worked, but it makes sense that only the sales are taxed.
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36 sats \ 0 replies \ @SimpleStacker 21 Mar
Makes sense!
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