>I think my being allowed to pay 0-3% taxes and holdng on to more of the cash I earn would make the world better too and is a good deal. Except that's not what

>I think my being allowed to pay 0-3% taxes and holdng on to more of the cash I earn would make the world better too and is a good deal. Except that's not what the author said. You don't earn the cash, see - it's not realized gains. If you make a cryptocurrency and then get a friend to buy one coin for $10 and now say your cryptocurrency has a market cap of $50,000,000,000, almost all of which you own, you shouldn't get taxed on 50 billion dollar income this year - you should be taxed on the $10 worth you actually sold because that's the cash you earned. But that $10 plus you making even $1,000,000 in income means you pay taxes at a 0.00000009% rate. So...yeah. You are allowed to do that, and it will get you far with the IRS.