The taxing system is such a nightmare in the USA seriously. Nothing like spending 5% of your income to have someone try and go through all your taxes because it's confusing and complicated AF. Do they care though? Nope all of that just generates more taxable income for them. You legit get taxed out the butt because of all the jumps and loops you have to cross through. They doesn't hurt the ones on top because they can afford and profit well off of someone that understands it all. But for the every day person they constantly get screwed.
A flat tax does make sense and I do like the argument about BTC and your not really exchange money when doing so. It's going to be interesting to see as some of these new rules and laws start kicking in. What's important though is the crypto community speaks up and puts on the pressure when governments try to overtax and get away with sly things. It's going to happen often!
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