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RE: Steemit Tax Calculation and Payment System
I'd like to encourage everyone to vote up this comment so it can be the top comment on this post. Can't sit through 10 pages of compliance without saying "What the hell are we doing????"
I think it's been said a few times that only about 2.5% of Bitcoin users actually declare it on their taxes. One shouldn't be looking for more ways to be extorted.
First of all, it's a capital gains tax really and one shouldn't be taxing the rise of value, it's kind of an insane notion.
Second of all, no one should be taxed period. The point of cryptos is a competing currency, free market and free monetary alternative. Taxation shouldn't be involved.
You're preaching to the choir. I was writing my own Taxation is theft comment when I saw yours. You beat me too it! This is the second "comply with the tax man" post I've seen today. The other was on Craig Grant's page. At least just he said to pay your taxes and didn't post a how-to-guide. I still love your page Jerry.