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Legal loophole? The Government is literally paying me in crypto (XLM) when I file my taxes.

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by COINS NEWS 229 Views

Disclaimer: PAY YOUR TAXES. This post is for educational purposes only.

When it comes to my taxes, I always pay whatever I owe come tax season. You might be saying, “You must make a lot of money.” WRONG. I live paycheck to paycheck and eat ramen just like the rest of you fine folks. Only difference is, I like to claim my entire check throughout the year and then just pay whatever I owe come tax season. Full transparency: It’s between 2-3.5k. Depends on the year and my sales.

Why do I do this? Because I hate the government taking more than they need to. That’s my money. A tax refund is the money the government “accidentally” took from your checks throughout the year. They’re just paying you back the amount you originally deserve because they took to much.

I like to pay on my own time, hence why I pay every year the amount I owe. In my time and not a penny over what i’m supposed to pay.

So, how/why are they paying me in crypto?

Because my government lets you pay back your dues with a debit or credit card.

Insert Coinbase debit card! 4% XLM back on ALL PURCHASES.

Let’s say I owe $3500 in taxes, I pay it all with my Coinbase debit card and boom, $140 back in XLM. (You have to make sure you have the USDC available in your account via bank transfer in order to make purchases. This would be the same bank that your original debit card is linked to)

My government is literally paying me to file and pay my taxes. I feel like I just discovered fire.

The irony of it all is hilarious. The enemy of my enemy is my friend?

If you do not have the Coinbase debit card already, I highly suggest you join the waitlist, ASAP! Unless you hate free money.

Thank you for your time.

submitted by /u/CMADBF
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