{"type":"rich","version":"1.0","title":"TKay wrote","author_name":"TKay (npub1nj…7l02j)","author_url":"https://yabu.me/npub1nje4ghpkjsxe5thcd4gdt3agl2usxyxv3xxyx39ul3xgytl5009q87l02j","provider_name":"njump","provider_url":"https://yabu.me","html":"Not sure how many started using Bill Pay from nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 \nI’m going to test it out for 2025.\n\nNot sure though how the taxes will workout. Let’s say bitcoin goes up from when I buy it. Then sell it to pay a bill. The profits are taxed as income tax which is very high, this might bring me down to a net loss? \n\nDoes that mean this is only beneficial if the bitcoin price shoots up enough to cover both tax and bill? -\u003e taxes are confusing. \n\nExample:\nI buy $100 worth of bitties, price goes up, it’s now worth $110. \nI pay my electricity bill which is $110. I pay 37% tax on the $10. That’s about $3.7. I still benefited from the $4.3? \n\nIs this math correct?"}