Deep Tide TechFlow news, on January 3rd, Musk posted an image that is clearly a humorous jab at the complicated issues surrounding cryptocurrency investment and taxation. The image depicts investors experiencing high returns in different crypto projects, being 'rug pulled,' and attempting to report tax deductions to the tax authority, highlighting the high risks and complexities in the crypto space while also sarcastically sparking discussions about tax issues.
The original text said, 'The client purchased $7,000 worth of cumrocket and staked it for 3 months to earn a 6900% return. Then they sold it and withdrew the profits to invest in NFTitties, but the developers rug pulled the project, and they only managed to liquidate 10% of the funds. Can the client deduct the gas fees for minting to offset short-term capital gains tax?'
As a result of this news, the eponymous token CumRocket (CUMMIES) briefly surged by 124%.
