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RE: (US ONLY) Information and Thoughts on Cryptocurrency Taxes

in #cryptocurrency8 years ago

This is a bad dream...Fantastic post I must upvote and resteem!

I think they are doing this because they are looking for a new way to make money through taxes, and also because they see how much money is being transacted, and maid every day and want a piece of it. This is nothing more than a money grab by the IRS, and also a way to kind of clamp down on crypto at the same time. They want to have a way to regulate it, and this is the first step. We WILL find a way around all of these laws, there are decentalized exchanges now coming into the mix, and also mixers, as well as many ways such as doing anonon shapeshift and blocktrades crypto trades. How would they know if I swapped LTC for ETH from a random mcdonalds though a non registerd blocktrades with an "offline" spare phone.. Or using a vpn from a Library's wifi connection with using an exchange in New Zeland for example. I feel like they are going to force half of us to act like hackers, and half to be so scared they will pay every little tax..

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