Chapter
Possible Reasons Behind the Government's Interest in Cryptocurrency
37:24 - 42:11 (04:47)
The government's recent intense interest in cryptocurrency may be due to its desire to monitor and tax every transaction made through it. Those who earn more may be less likely to hide income but those earning less may opt for cash transactions.
Clips
The government might be pushing to create a digital dollar so they can monitor and tax every transaction, which may be why they are going after small details and cryptocurrency brokerages.
37:24 - 40:42 (03:17)
Summary
The government might be pushing to create a digital dollar so they can monitor and tax every transaction, which may be why they are going after small details and cryptocurrency brokerages. Those who make over a million dollars a year are probably not trying to hide small sums of money as they are already under scrutiny.
ChapterPossible Reasons Behind the Government's Interest in Cryptocurrency
Episode5 Ways To Build Wealth [MASTERCLASS] EP 1363
PodcastThe School of Greatness
The speaker shares their experience of being screwed over in the first real estate investment deal and bed planning company due to bad tax advisors while emphasizing the importance of learning from past mistakes.
40:42 - 41:50 (01:07)
Summary
The speaker shares their experience of being screwed over in the first real estate investment deal and bed planning company due to bad tax advisors while emphasizing the importance of learning from past mistakes.
ChapterPossible Reasons Behind the Government's Interest in Cryptocurrency
Episode5 Ways To Build Wealth [MASTERCLASS] EP 1363
PodcastThe School of Greatness
Jaspreet gets an unexpected phone call from someone who requests for him to wire $100,000 to the IRS and $15,000 to the state government by the end of the day.
41:50 - 42:11 (00:21)
Summary
Jaspreet gets an unexpected phone call from someone who requests for him to wire $100,000 to the IRS and $15,000 to the state government by the end of the day.