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RE: Trading Bitcoin for an Altcoin Won’t Shield You From the IRS Anymore

in #cryptocurrency8 years ago

welp, i guess we just hodl until you can actually spend cryptos straight out? this is infuriating, i can't believe they are taxed at all. It's literally money, they are literally taxing people because they are holding money which happens to gain value in relation to the USD? that's insane. I understand if you want to tax mining/staking rewards as income, but this is ridiculous.