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A comment on Mozilla Foundation pausing cryptocurrency donations. Parent comment

Re:Mozilla Foundation pausing cryptocurrency donations by notch656a on Thursday January 06, 2022 @04:02PM (#29830105)
In Argentina taxes total taxes on employee income if you pay all taxes can be above 100%. This is not hyperbole, I spoke with an accountant at a construction company there. They basically had to put 70% of their labor off the books.

Skirting the law is required in Argentina. I can see the appeal for Argentinians.

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Re:Mozilla Foundation pausing cryptocurrency donations by hackerfromthefu on Thursday January 06, 2022 @06:24PM (#29832099)
So the tax in more than the income .. ie you earn net negative for working?
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Re:Mozilla Foundation pausing cryptocurrency donations by notch656a on Thursday January 06, 2022 @06:25PM (#29832122)
That's my understanding, this is hearsay from a private corporate accountant in the construction industry. I presume the idea is a fully law abiding company would not deduct all of that but some portion would be the company responsibility so that pay is positive.
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Re:Mozilla Foundation pausing cryptocurrency donations by lezojeda on Thursday January 06, 2022 @06:55PM (#29832503)
Yes, it's as stupid as it sounds. Ours is a clown country. Don't take it seriously.
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