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Topic: If I spend the coins I paid too much for I don't owe any taxes on... (Read 585 times)

legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
If I spend the coins I paid too much for, I don't owe any extra taxes on a $2 cup of coffee.
However, I still need to track the a $2 cup of coffee since I was "selling" a small amount of property at a loss, and that loss will help offset other gains.

So simply using "expensive" coins for daily spending will not help simplify accounting at all.
Welcome to The Brave New World.
Wanna get away?
Galt's Gulch Chile - To your freedoms
http://galtsgulchchile.com
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