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RE: Vlog #25: My crypto tax thoughts. It sure will be interesting this year if it keeps going up.

in #life8 years ago

At least in the US, taxes on crypto make no sense. They are basically unpayable. They assume the value of something like Steem with logic that could be used to tax Reddit Karma. They don't care that, until you cash out, you have made no gain, and could in fact lose it all. They also don't care that the quoted price is not a real price, because making a large sale into a thin market will crash the price. They will price every Steem you make at the marginal dollar rate, despite the fact you'd never receive that much if you dumped it.

Crypto taxation is fraud and property theft, not income tax. It will not last.

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Presently my taxes are being used to destabilize the world in order for the USA to maintain monopoly control. Its being used to fund Black budgets and to insure the survival of the dark state even after the USA as we know it is long gone. They are used to fund the Prison Industrial complex and Military industiral Complex. Not to mention the cost of corporate welfare. I did not sign up for this and am not interested in continuing to fund it. This not what I signed up for.

NO TAXATION WITHOUT REPRESENTATION!