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Elon Musk, the famous technology entrepreneur Posted a job Who jokingly addresses the US Internal Revenue Service (IRS) about taxing cryptocurrencies.
X's post received a lot of attention from the cryptocurrency community, sparking reactions and hopes that Musk would somehow influence cryptocurrency taxes in the United States.
The post also contains an image of the popular internet meme Pepe the Frog, which inspired an anonymous team to create the PEPE cryptocurrency in April 2023.
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Musk's 'Pepe the Frog' Crypto Tax Center
Owner The retweeted post then continued, and the profits were sold and used to purchase NFTs. But the developers shocked investors in this NFT project. The question (and also request) to the IRS is whether a cryptocurrency investor can “deduct seigniorage gas fees and offset short-term capital gains taxes” from the initial cryptocurrency investment mentioned in the post.
Musk commented on X's post with a "face with tears of joy" emoji. X's seemingly funny post sparked a flurry of comments as the cryptocurrency community shared its view on the IRS imposing taxes on cryptocurrencies, especially those produced by companies headquartered in the United States.
Many users asked Musk to intervene and remove or at least ease taxes on cryptocurrencies in the United States. “Elon, please fix this!” Some users pointed out that the post retweeted by Musk referred to “obscure and comically named crypto assets” and “exaggerated and unrealistic” areal returns of 6,900% “meant to add to the absurdity.”
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Elon Musk has removed his nickname "Kek"
On December 31, the world's richest man, Elon Musk, stunned the cryptocurrency and In November.
Musk also changed his avatar to Pepe the Frog wearing armor and a Roman cloak to look like a Roman general (Maximus), causing Pepe's price to rise 12% that day. On January 1, Musk changed his profile picture and name on X to what it was before.
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