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I also pay my crypto taxes. They need to replace "non-compliance" with "non-enforcement" in this article. In fact, I would love to see some of the "lol taxes"
by throwing_away 2y ago
I also pay my crypto taxes. They need to replace "non-compliance" with "non-enforcement" in this article.
In fact, I would love to see some of the "lol taxes" people have some enforcement action taken against them.
The only reason wage-tax "compliance" is so high is because there's a system in place to automatically extract as much tax as possible and make you file a refund for the difference.
I think you would find equal amounts of "non-compliance" in any cash or barter based business.
- bdcravens 2y agoAs do I, using Coin Ledger in years I've traded. Almost all transfers from crypto to fiat happen via exchanges and banks, and I can't imagine it would be difficult at all for the government to get their hands on a list of such ACH transactions.
- throwing_away 2y agoI believe that the amount of "untraceable" crypto that exists is extremely low. Go try to buy some crypto in the US without KYC. It's already pretty tightly controlled.