Good find, OP.
I don't think IRS tax policy has anything to do with tax reform. The IRS has shown a tendency to attack certain demographics for purely political reasons in the past. Here's a source providing exposition on the IRS targeting The Tea Party in past years.
It makes sense for them to target crypto. They've targeted certain demographics for political reasons & they've shown they can get away with it with zero accountability, as no one cares.
A case can also be made for the IRS protecting illegal immigrants by refusing to use tax data to track or identify, etc. Their stance is very political and they get away with bending or breaking the rules all of the time, afaik.
I don't think IRS tax policy has anything to do with tax reform. The IRS has shown a tendency to attack certain demographics for purely political reasons in the past. Here's a source providing exposition on the IRS targeting The Tea Party in past years.
Quote
IRS Targeted Tea Party Groups
In 2013, IRS official Lois Lerner revealed that conservative groups seeking tax-exempt status had been getting extra scrutiny, based on words such as "tea party" or "patriots" in their names.
For conservatives, she confirmed their darkest suspicions. In the Tea Party heyday years of 2009 and 2010, hundreds of groups affiliated with the party had sought tax-exempt status as 501(c)(4) "social welfare" organizations. IRS demands for documents left many of them in bureaucratic limbo for a year or more.
Now, in the third audit of how the tax-exempt application process went off the rails, the Treasury Department's inspector general overseeing the IRS has found the agency targeted not just conservatives but also scores of groups with words like "progressive" in their names.
https://www.npr.org/2017/10/05/555975207/as-irs-targeted-tea-party-groups-it-went-after-progressives-too
In 2013, IRS official Lois Lerner revealed that conservative groups seeking tax-exempt status had been getting extra scrutiny, based on words such as "tea party" or "patriots" in their names.
For conservatives, she confirmed their darkest suspicions. In the Tea Party heyday years of 2009 and 2010, hundreds of groups affiliated with the party had sought tax-exempt status as 501(c)(4) "social welfare" organizations. IRS demands for documents left many of them in bureaucratic limbo for a year or more.
Now, in the third audit of how the tax-exempt application process went off the rails, the Treasury Department's inspector general overseeing the IRS has found the agency targeted not just conservatives but also scores of groups with words like "progressive" in their names.
https://www.npr.org/2017/10/05/555975207/as-irs-targeted-tea-party-groups-it-went-after-progressives-too
It makes sense for them to target crypto. They've targeted certain demographics for political reasons & they've shown they can get away with it with zero accountability, as no one cares.
A case can also be made for the IRS protecting illegal immigrants by refusing to use tax data to track or identify, etc. Their stance is very political and they get away with bending or breaking the rules all of the time, afaik.
Thanks! Hydrogen,
This seems to always be the case where they try to make it as difficult as possible for middle-upper class to succeed, whilst making it easy for middle-lower class to get hoodwinked on their programs. This needs to stop I mean really how long can such thing/games go on for? I wish they would really reform the tax code. I know a friend that lives in South Carolina, they pay a vehicle property tax each year, on top of getting state taxes for roads, bridges etc... It's like no one cares to say its a double taxation which in theory it is. Sorry for ranting, so rants over.
