Look at pic related. Even if you make $187k per year from passive staking, you actually end up with ~$61k after taxes.
Tax rates are based on Australian tax rules. Fuck this gay earth. I was planning to live off my Link eventually but I will need way way more than I thought.
>Get staking rewards
>Have to pay tax on staking rewards (even if you don't cash out)
>Sell tokens to pay for that tax bill
>Pay additional CGT on tokens you just sold
>Finally, you paid off tax on your rewards, but now you're left with tokens instead of fiat
>Sell what's left of your rewards tokens to have some spending money
>Pay CGT again