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NFL star’s massive tax bill highlights problems with BTC salaries -Breaking

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© Reuters.

Odell Beckham Jr., NFL star and $750,000 salary taker (OBJ), appears to be a costly decision due to market crashes after he signed the contract. Owing to the vagaries of cryptocurrency tax laws and current prices, OBJ is estimated by some to have made 61% less than if he’d taken his salary in fiat.

As crypto investors are required to tax the actual amount received as well as the return it is, the loss highlighted tax issues associated with receiving cryptocurrency income.

Tax troubles