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RE: Crypto Taxes in the U.S.

in #taxes7 years ago

Personally I think it's mostly strong arm tactics to bully people into paying money on shit they have no right to. Are those strong arm tactics effective and enforceable? That is another question entirely and one that I think we'll be quite the discussion over the next year.

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Tax agencies are normally rather underfunded. Those being tossed into having work this out as well will require some major spending and increasing in funding to stay on top of things. That should be something easy to notice when people go to war from the political side of things saying they don’t need more funding they should just be “leaner.”

It is most definitely a sit and watch what happens event that is for sure.

I'm waiting for the phrase "War on Crypto" to start getting thrown around.

I can’t wait to start hearing about community’s forming on islands and creating “crypt tax havens!” That are entirely run on paying in cryptocurrency. Some amazing times are coming.