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Re: snow post# 8998

Saturday, 04/13/2024 4:19:27 AM

Saturday, April 13, 2024 4:19:27 AM

Post# of 9287
Nothing to worry about Snow. You should use $0.01 value for the wealth tax on dec 31 for the 3 verticals.

Two reasons.
1) as of dec 31 these 3 companies had zero revenues and income, so it shouldn't be hard to convinve the tax agency that they had no value.
2) Even now, the nominal value is $25. Which is not a guarantee it will stay that way. Only if the company executes its plans. The market value as of dec 31, 2024 will be determined by the price it trades at. So for 2024 it should be easy to determine. In fact, we will probably get an overview of the value of our wallet from Digishares, same as any other broker. Which we can use to determine the wealth tax, starting in 2024. But for 2023 we will not get such overview because we didn' t have a wallet yet.

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