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Cryptocurrency withdrawals may be subject to US capital gains taxes. Don’t wait to SECURE Your tax deduction!
Here are the 61 cryptocurrencies we are accepting
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Financial Instability Controls our Lives
Everyone, everywhere is focused on earning, growing and maintaining money. Money brings power to living a comfortable lifestyle while dictating the actions of communities around a person. People are obsessed with money - moola, Benjamin Franklins, cash. It guides our every day life, actions and beliefs.
The American Psychological Association “Stress in America” reports Americans have named MONEY their top source of stress for the last six years in a row. Money or shall I say , the Lack of Money creates a stressful life. Without it, we struggle to pay basic necessities and luxuries that make life fun. Most people have resorted to debt and credit cards to extend their spending power. High debt creates insomnia, lack of concentration, poor work habits and eventually, unemployment.
Fiat Currency - Paper/ Coin Money
Paper/coin money is considered Fiat Currency an instrument a government has declared to be legal tender, but it is not backed by a physical commodity. The U.S. dollar is fiat money, as are the euro and many other major world currencies. A fiat currency's value is underpinned by the strength of the government that issues it, not its worth in gold or silver. In essence, fiat currency value is based on the trust and faith in the government that issued it.
Have you ever wondered how did currency even come to be? Watch these cartoons.
THE HISTORY OF PAPER MONEY
BY Extra Credits
Episode #1The History of Paper Money Part I
Episode #2The History of Paper Money Part II
Episode #3The History of Paper Money Part III
Episode #4The History of Paper Money Part IV
Episode #5The History of Paper Money Part V
Episode #6The History of Paper Money Part VI
Episode #7 The History of Paper Money Part VII
What if the government is no longer solvent and its debt collapse its ability to continue? Many thought that could never happen until Greece.
GREECE
The 2001 introduction of the euro reduced trade costs among Eurozone countries, increasing overall trade volume. Labor costs increased more (from a lower base) in peripheral countries such as Greece relative to core countries such as Germany, eroding Greece's competitive edge. As a result, Greece's current account (trade) deficit rose significantly. Wikipedia
A trade deficit means that a country is consuming more than it produces, which requires borrowing/direct investment from other countries. Greece required bailout loans in 2010, 2012, and 2015 from the International Monetary Fund, Eurogroup, and European Central Bank. Greece enacted 12 rounds of tax increases, spending cuts, and reforms from 2010 to 2016, which at times triggered local riots and nationwide protest to make the bailout loan payments. On June 30, 2015, Greece became the first developed country to fail to make an IMF loan repayment.
Cryptocurrency - Digital Money
Automation, the process of digitizing manual and physical processes, is making companies, governments and people more efficient, reducing the price of services while creating new income opportunities. Machines from large industrial robots to small smartphones are creating new industry. Everything in this world is going to be automated. Money is no exception.
Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
Cryptocurrency has the ability to move people out of poverty as it provides a cheap mechanism to accumulate wealth and assets. Right now many people are avoiding banks as their fees are exorbitant. Many people are unbanked and underbanked in the United States of America and across the world.
The unbanked is an individual who does not own a
bank account.
The underbanked is an individual who owns a bank account but
still relies upon alternative financial products such as money orders, prepaid
debit cards, payday loans and money transfers.
The unbanked and underbanked have no mechanism to accumulate wealth. This lack of accumulated wealth means they are unable to secure credit to purchase or invest in big ticket items like houses, cars, college and business enterprises - all the items that moves people out of poverty.
While America and Europe have less unbanked and underbanked than the rest of the world, they still have millions. America has 50 million people who are unbanked and underbanked. Detroit ranks #2 of the top 10 cities of people unbanked and underbanked.
Cryptocurrency provides the poor, a new cheaper form of storing their monies. Ironically, banks and governments have been attempting to discourage the growth of cryptocurrency while simultaneously investing in the underlying blockchain technology that powers cryptocurrency. Jamie Dimon, CEO of JP Morgan Chase Bank stated, "Bitcoin is a fraud" while his security division had purchased 3 million cryptocurrency notes in Europe. Cryptocurrency can disrupt the banking industry and currency manipulation.
We believe in the automation of
money and hence support the cryptocurrency movement, including the acceptance
of cryptocurrencies as donations.
Empower the poor, unbanked and underbanked
Eliminate Detroit Ghettos
MAKE YOUR
TAX DEDUCTIBLE
CRYPTOCURRENCY
DONATIONS TODAY!!
CLICK HERE!
You will
be redirected to CoinPayments.com to process your donation.
WANT TO MAKE A TAX DEDUCTIBLE
CASH DONATION INSTEAD!!
CLICK HERE
You will
be redirected to Paypal.com to process your donation.
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IRS Tax Exemption Number 38-3380462
Uplift, Inc. has the deductibility status as PC, a public charity, meaning an individual who itemizes deductions may deduct contributions up to 50% of his or her adjusted gross income computed without regard to net operating loss carrybacks.