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There is a huge flaw in this logic from the IRS. If it is a possession, then I can give it away. Like a fudgable dollar I gift away, you cannot tax me on every
by normandoorman 10y ago
There is a huge flaw in this logic from the IRS. If it is a possession, then I can give it away. Like a fudgable dollar I gift away, you cannot tax me on every transaction that doller is engaged in.if I give away the wallet and the dollar, nothing changes. The USA is just trying to stop bit coin with taxes.
- FireBeyond 10y agoThat's kinda close to "I'm not going to pay you for what I bought. But I am going to transfer ownership of my wallet here which just happens to have cash in it to cover what you were asking for. But be clear, I'm giving you the wallet. Not paying you."