Seems the government is trying to get rid of cryptocurrencies. They are taxing everything! So I have no idea what to do!? I kinda think it's likely pretty illegal to tax for getting crypto with your own money and then again for switching to another kind of crypto and on and on....that seems extremely illegal to me. NOTHING is taxed that much.
You can listen too to what happened to the guy that is trying to make a decentralized bank. Feds came to his location and sat him down, confiscated stuff, etc....it's all on @BlueRockTalk, look for Jared Rice Sr. story.
Unless you move to Puerto Rico, what else can be done about this tax issue? Why can't they tax crypto like regular money and just pay when you either purchase or receive coin money for it? It's ridiculous to tax it for every single exchange! No one could afford that! All the money would be gone.....
Please, Please inform about this and what others are doing or can be done! It just makes no sense.
Taxation is theft
