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>It may also lead to jail time for a substantial portion of the crypto community. I'm cracking up over here. Are you actually being serious?
by IAmGraydon 4y ago
>It may also lead to jail time for a substantial portion of the crypto community.
I'm cracking up over here. Are you actually being serious?
- mirntyfirty 4y agoI’d claim that tax misrepresentation would likely lead to some jail time, particularly for those that don’t have the funds for legal representation. As far as I can tell, the prevailing point of Bitcoin is to make capital gains.
- DennisP 4y agoIf crypto is a commodity, people still owe the same capital gains tax. The IRS has been giving tax guidance on crypto for years; any US person in crypto with half a brain has been following it.
- mirntyfirty 4y agoAgreed. I was providing an example whereby a person could end up in jail from participating in crypto.
- f38zf5vdt 4y agoThey'll be kept company there by all the people who caused the 2008 US housing crisis.
- mjburgess 4y ago