Ripple (XRPUSD)

[MindlessSelf]

You may want to give first few minutes a listen. Digital asset investor got a clip from ceo of flare on the tax implications of the air drop. Apparently the first 15% is tax free since no trading. The remaining airdrops, a small amount of our FLR will be be burned at the time we receive them. This is so that we are “paying” for our flr and so there is no amount to report for taxable income on each drop.

Still trying to understand this. Apparently they got their own tax advisor to write a memo. But if we can see it and they are not transparent with the distribution it sounds like either some people may pay taxes twice not knowing some of their supply has been burned, or irs will not buy what we are saying and still tax us.