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This shows how invasive the income tax is. I would argue that any effective enforcement scheme for taxes on entirely digital exchanges would require banning pub
by CryptoPunk 9y ago
This shows how invasive the income tax is. I would argue that any effective enforcement scheme for taxes on entirely digital exchanges would require banning public key cryptography.
In any case, these types of transactions are extraneous to those tax authorities tax now, so I don't see tax revenue declining as a result of these going untaxed.