The argument isn’t about the tax revenue, it’s the concept that newly created property shouldn’t be taxed when you receive it but rather when you realize a financial gain.
Comparing that to accountants getting paid upfront doesn’t quite fit as their work is a service, not asset creation.
@naiivememe If you're receiving payouts from FTX or any similar situations, make sure you're recording these properly on your taxes to avoid under (or over) paying
To the Beefy DAO,
Annual Report 2024 is out with 30 pages of transparency
📑https://t.co/be3tisNDMv
2024 was a banger for Beefy—CLM products crushed it, revenue spiked, and we flexed our DeFi dominance. Dropped on 10 new chains, shelled out $1.55M in governance incentives, and hooked users up with $637K in boosts. Shipping fast keeps us winning.
2024 Highlights:
• Total Revenue Generated: $4,996,449 (+67.8% YoY)
• Treasury Strategy Income: $2,879,330 (+77.8% YoY)
• Non-strategy Income: $485,208 (-12.8% YoY)
• Governance Incentives: $1,551,702 (+100.8% YoY)
• Adjusted Net Income: $467,907 (up from -$76K ‘23)
• Net Assets: $7,326,832 (+$1.08M YoY)
Shoutout to the Cowmoonity—y’all made 2024 epic. Keep farming those yields.