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RE: Steemit Tax Calculation and Payment System

in #steemit7 years ago

Seriously, how can a government make that more complicated? I would buy the coins with money which is already taxed, because it comes from my paycheck. And if I ever convert it back to fiat then pay taxes on the gains like it would have been a gain from the stock exchange.
Otherwise it's impossible. I don't even know how often I changed coins and currencies in the last couple months. That is hundreds of trades on exchanges between dozens of coins and tokens. Even that simplified method is difficult. Because how do I know how much the gain was when I pay out USD 100 in fiat from my total portfolio that is spread over a good hand full of exchanges? Is that a gain from money I paid into the system from March, or June, or from last year February?!?! I give up.