Ouch. Trading crypto for crypto in the U.S. and many other regions is taxable, so it's possible to "make it" on paper during meme season, then lose it all when the market turns and the tax man ...

You can already see how this has sparked the meme party ... 12.75 lakh will pay no tax, making the middle class feel like they’ve finally hit the jackpot in this budget season.

Many of the memes voice a common concern – whether this tax relief will truly benefit taxpayers or if indirect changes elsewhere in the budget will offset the gains.