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RE: Response To Trostparadox's Student Projects Ideas Post

in LeoFinance3 months ago (edited)

OH GOD YES! I've been meaning to push the idea of a tax calculating tool for a long time! I seem to be one of the few people out here who hate the idea of calculating my taxes even more than the actual paying of taxes (which is obviously no fun)! I just find it to be an insult that makes the injury feel so much worse. Unlike some people here, I'm not sure I'm in the place to be avoiding taxes on my crypto and so I would LOVE having this kind of tool. YES!

As for Hive being great for students, my students are mostly adults out of college but I've been working on a plan to get them all submitting their homework via Hive, and my partner will be setting up an account so that they can submit the homework anonymously and donate rewards to beneficiaries of their choice, our community account, or burn them if they are feeling too shy to use their own account.

BTW I just wrote about how to get your Hive links clicked by non-Hivians on twitter. It's a really really simple trick to beat the algorithms (thought I'd mention it since I found this post from twitter).

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Yes tax calculator would be nice to have. It actually wouldn't be hard to build. All of the transactions are in the public ledge and can easily be retrieved via HiveSQL or Beem. Problem is tax laws on crypto are not clear and differ from jurisdiction to jurisdiction. If there were a clear formula it would be easy to implement with some simple code.

Interesting project to reward homework. Earn to learn can be a good model for Hive. I would like to learn more about it. I do like educational projects and see a great potential for them on Hive.

I don't use Twitter much, except to say something about Bitcoin or Hive from time to time. Your ideas do sound interesting. I will take a look.

Thank you.

Just let us check boxes (post rewards - check, curation rewards - check) and figure out what the price of hive was when we earned it compared to the price when we are reporting and put that all in a form thats easy to figure out without having to input anything ourselves.

I always like what I see of you :-)

This is an interesting project. I may work on it if/when I get some free time.

I already started working on this, but there is one catch as always.
Tax laws do differ quite a lot depending where you are living, I did start this as a topic for german laws but the underlying data gathering issue is something that for sure is more or less generic. I have written a small post in german here.
If you want we can team up and divide the elephant up a bit :)

That is cool. In the US, tax laws regarding crypto are a bit confusing, in my opinion. Building any tax tool would require extensive knowledge on the topic. Coding part shouldn't be that difficult though, since all of the data is easily available. My hesitation to commit to such project would be the possibility of misinterpreting what law requires and potentially creating false confidence in tax compliance for those who use the tool.

At this moment, I am busy with work projects, but it would be great to collaborate on future Hive projects. Thank You Jan.

Yep, the lack of sensible tax laws is an issue.

I would really like to know who actually is serious about paying taxes on their Hive earnings. Not that we would ever know ;)

I don't wanna risk having them threatening me or investigating me or anything like that. I won't likely have to pay anything as I don't really plan on cashing out the majority of my earnings here ever.

Me neither.

Ha Ha a very useful tool indeed.