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Governments literally view citizens (and especially crypto holders) as walking ATMs.
Every time you:
Sell BTC/ETH for profit → Capital Gains Tax carves you up
Get paid in crypto or stake rewards → Income Tax hits
Spend your gains → Sales Tax takes another bite
Pass wealth to family → Estate/Inheritance Tax finishes the job
High remittance fees, potential future crypto regulations, VAT on digital services, and the constant fear of new "wealth" or "crypto-specific" taxes popping up when adoption grows.
Crypto was supposed to be the escape from this endless milking machine – decentralized, borderless, self-custody. But once fiat enters/exits the picture (P2P trades, fiat on-ramps, spending gains), the government still finds a way to get its cut.
The irony? The harder they tax, the more people seek ways around it… which drives more adoption of privacy coins, DeFi, self-custody wallets, and offshore strategies.
Which tax hurts crypto holders the most in your country?
Are you already using strategies to minimize the "cuts" (legally, of course – DYOR)?
Or do you think crypto will eventually force governments.
Drop your hot take below! 👇 Tag a friend who's getting "milked" too 😂
Market red means green for buyers. 🟢 Catch the reversal before it lifts off. Invest Now, Big Opportunity. 📈 DYOR
$POWER $BTC $ETH
NEED LATEST MARKET UPDATES on BINANCE SQUARE ✅ FOLLOW Lions_Lionish NOW 🔥💰💵
#LionsAlpha #CryptoTaxes #TaxationIsTheft #Bitcoin