RE: South African Revenue Service Develops Strong Appetite For Crypto Taxation

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I suppose with the shrinking tax base, SARS has to explore every possible avenue to keep money flowing into the pockets of the political elite.

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They will always find ways of milking more out of you all in the name of tax. And you get to question what are this tax revenues being utilized for.

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People must start looking at crypto from variety of angles, not only cost purchasing token against possible profit made. I don't keep track like one should because it is crazy, they are trying to relate to buying futures or on stock markets making gains, yes banks do with huge systems tracking and tracing movements.

Equation must take in time, office space used, internet lines, data paid, never hand them anything on a plate. How much did you outlay in time learning? How much data do you spend to keep your Hive going? How much did the equipment cost you use to make said money? Never... over my dead body, they can pick my bones then.... like the vultures they are.

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I think while they are busy investing heavily on ways to track crypto transactions, the blockchain, cryptocurrency world isn't sleeping but continuously evolving. We might be having an onramp and offramp crypto in the near future and that will be when their grip over us is lost.

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They have direct access into your banking (yes they can take what you owe them), everything is inter-connected, a fast buck desperately needed to be made after squandering a lot, SARS will not care about small entrepreneurs, hence I say list your expenses, even space used in the home.

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hence I say list your expenses, even space used in the home.

Time we get smarter too, as they get hungrier.

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They cannot take blood from a stone, years of this ongoing drama with them wagging fingers, I don't read news much anymore it only makes one angry. Use both time and finance wisely, you only live once.

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I guess if you have been exposed to the crypto space you will begin to see things differently.

Listening to news is of less interest to me now compare to the past. All they feed us in the news are bunch of lies which no longer have my interest

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Scare tactic central, media sings the same tune with leaked information, we know technology will change many things down the tracks, for now eish....

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For now we just have to hang there and tolerate our close friends and family still stuck in the world where they are fed lies and manipulated.

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None in my family accept my 'crypto crazy' as they call it, when it comes to everything else we debate good reason before voting, sadly many never look deeper. Some smaller parties run on good ethics, especially some who pulled away from large contingent.

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My fiancee is of the none crypto type, she wouldn't even check my Hive blog 😃 conversations with her always reflects how stuck she is on "normal" way of things.

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Both my sons do gaming yet not interested? Sucks since I really have tried to entice them.

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