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How will the government track and get their dues?
by sizzle 5y ago
How will the government track and get their dues?
- vmception 5y agoTypically they use account information from the exchanges and follow that onchain But they generally rely on individuals to report accurately. Obviously wage-earners arent used to that as their employers withhold money for taxes and report to the IRS so this crowd may find this new found freedom to be foreign and a chance to “get away with” something, but everyone else has lived in a world where they report their taxes voluntarily and accurately