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I don't understand why people seem to constantly associate bitcoin with tax free. There are no inherent reasons why cash transactions are taxable or non-taxable

I don't understand why people seem to constantly associate bitcoin with tax free. There are no inherent reasons why cash transactions are taxable or non-taxable, it just turns out that people don't want to be destroyed by the IRS so they make an effort to pay their taxes.

e12e 11y ago
There's also the aspect of currency vs goods. If I've understood correctly, bitcoin is taxed as (virtual) goods in Norway, meaning that if you make money from price change, the tax is much higher than it would be for making money off of stock/currency etc (which would be 28% off the profit, or a 28% deduction from the loss). Just because some people would like bitcoin to be a currency doesn't make it so (in the eyes of the taxman). I'm not sure how/if thaler would change that -- but it's worth keeping in mind that "new" assets will be taxed according to how the government thinks it should be taxed, not according to how you might feel it should be taxed.