Tax rules are becoming increasingly ridiculous and stupid.

@CryptoSorted 2 October 2022 more from that month

Tax rules are becoming increasingly ridiculous and stupid. Originally it used to be, you earn $xxx, and you pay xx% as tax. Now it's getting so unnecessarily complex and overly burdensome and expensive both to calculate, report and pay tax; most especially in regards to crypto. Tax is a liability, and spending money just to be able to pay it is ridiculous.

+KT
+BCH

3 comments

@AshmaOnNoiseApp 2 October 2022

100% agree! My cousin recently got a job with 47 Lakh pa, out of which almost 8-10 Lakh he 'loses' in tax, and that's the more than the average salary of fresher computer engineer here! And and and..... according to the recent report our central government spent more than 400 Crores of taxpayers money on advertising their own campaigns....this is more frustrating!
- @CryptoSorted 6 October 2022
  
  we're being taxed to penury. every $1 is taxed every single time it exchanges hands... taxed taxed taxed taxed.
  - @AshmaOnNoiseApp 8 October 2022
    
    Total scam!