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Tax on passive income
On another forum someone asked about taxation on income derived from property - passive income. I responded with a real world example; a bitcoin investment in LabRatMining. Specifically I bought bonds at about .1 BTC each which pay weekly dividends (since August '13 it has paid a total of .022 BTC per bond). Recently I posted how well things were going with this "tax-free investment!" Well... that was enough to cause one of the resident quatlosers in disguise there (HENDRICKSON seems oblivious that Famspear controls the bulk of his logins) to throw a fit; he replied with a cut 'n paste of the entire forum rules.
Last edited by JohnnyCash; 02-25-14 at 04:01 AM.
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