When a farmer plants a new crop, it is not taxed when harvested, it is taxed when sold at the market. And when a painter paints a new portrait, it is not taxed when completed, it is taxed when sold at a gallery. The same holds true for newly created tokens. At creation, they are not taxed and should only be taxed when sold or exchanged.
Isn't it obvious? IRS must be smoking some cheap stuff.
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It is obvious, and yet the tax code is unhumanly massive. It takes a while to get through that thing, which is one reason tax attorneys and CPAs get the big bucks. They suffer through that so you don't have to (until the bill arrives).
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It will put a burden on both the investor and these professionals. Would be stupid and unfair if they implement this.
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Absolutely.
While taxation is a deceiving synonym for theft, we still pay taxes because it's the taxing authorities wich have the guns and the jails to put us in when we don't-- and they won't hesitate to put us there.
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Scoundrels! Get away to Malta or something.
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Not Malta-- that's where Binance is!
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