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- 🏃♂️ How to avoid tax fraud.
🏃♂️ How to avoid tax fraud.
Seedphrase Daily 👋 Tired of hearing about Vitalik’s lil Saylor? Here’s something more refreshing.
Fun Fact : Even during a “dip”, sales have already exceeded $42B. That’s more than all of last year combined and 65% more than the global music market.
Today's Agenda 📓:
🏃♂️ How to avoid tax fraud.
🌱 NewSeeds.
😹 Meme of the Century.
🏃♂️ How to avoid tax fraud.
The one and only Mr.HODL Bitcoin, Micheal Saylor, the previous CEO of MicroStrategy, is facing charges by Washington D.C for evading over $25M in income taxes.
Prosecutors side 👨⚖️:
He lived in a Washington penthouse for 183 days while pretending to be a Florida resident.
And claim he has not paid taxes in D.C in the past ten years.
Microstrategy is also being sued for allegedly conspiring to help Saylor evade taxes he owed on hundreds of millions he earned while “living” in D.C.
Saylor and MicroStrategy’s side 👨💼:
Saylor says he’s been living in Miami, with proof of jury duty and voting in the state.
Microstrategy came forward saying that this is Saylors personal tax matter. (They’re just trying to mind their business.)
Humans can run from anything. Mountain lions, suppressed childhood trauma that affects their life, family problems and even doing the dishes. BUT. The one thing we can't run away from is the IRS.
Who do you think will win? |
Why this is important 👇.
MicroStrategy is the largest corporate holder of Bitcoin, with 129,699BTC worth around $2.6B.
They may sell BTC to pay fines if they are found guilty of helping Saylor.
On top of that, here’s the wombo combo. Because they are such a leading example, there could be a domino effect for retail investors and companies to panic dump.
⚜️ Golden Nugget: The markets are due for another pullback, and we can’t ignore the macro. So prepare for the worst, since it's coming. Also, do your taxes.
If you don't want to end up like good ol'Michael.
Pay your taxes.
And if you don't know how then you can use CoinLedger!
An official TurboTax Partner allows you to pay the taxes you make on crypto quickly with the click of a button, so you don't end up how Saylor is now. 🚔
Our link allows you to save 10% with code "CRYPTOTAX10".
🌱 NewSeeds
Some short stories to keep up with your short attention span.
Beer with Bill Murrary’ NFT sells for $185K in ETH at Charity Auction. Still money coming in. 💸
Stacked, the Web3 version of Twitch, Raises $12.9M. Someone call Adin Ross. 📲
Crypto.com ditches $495M Sponsorship Deal with champions league soccer. Crypto.com is hurting right now. 😔
ETH futures see a high amount of high liquidation. Further market capitulation. See you on the other side.🤕
Meme of the Century
How do I keep missing these opportunities for generational wealth?
please tell me you bought...
— wab.eth ❁ (@wabdoteth)
3:02 PM • Aug 30, 2022
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research
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