๐จ NFT ARTISTโS $3M WIN TURNS TAX NIGHTMARE! ๐จ
๐น $ETH Price:
๐น Key Indicators:
โข $3M Mint: Jonathan Mann sold 3,700 songs as NFTs in ETH, netting roughly $3 million in January 2022 $HUMA #BigTechStablecoin
โข Market Crash: Terra ecosystem collapse and ETHโs decline vaporized the value of his holdings within months $ENA #TrumpVsMusk
โข Sky-High Taxes: Mann owed $1.1 million to the IRSโmore than heโd earned in the previous ten years combined $RVN #MarketPullback
โข Last-Ditch Sale: To cover his bill, he sold a rare Autoglyph NFT for ~$1.1 million, narrowly escaping insolvency #CircleIPO
๐ฌ Your Play: Is this a cautionary tale on HODLing NFT gains or the price of creative innovation? Drop โ๐จโ if you empathize or #CUDISBinanceTGE โโ๏ธโ if you see a tax system flaw & tag @FaisalCrypto007 !
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