Breaking News:U.S. Congress proposes that Crypto transactions below $200 shall be free from taxes!.139 G.Gain from disposition of virtual currency
(a)In general
Gross income of an individual shall not include gain, by reason of changes in exchange rates, from the disposition of virtual currency in a personal transaction (as such term is defined in section 988(e)). The preceding sentence shall not apply if the gain which would otherwise be recognized on the transaction exceeds $200.
(b)Virtual currency
For purposes of this section, the term virtual currency means a digital representation of value that is used as a medium of exchange and is not otherwise currency under section 988.
pdf That would be great if that goes through. I have made a few small purchases that have been annoying to keep track of (esp. cost basis for coins, I use FIFO accounting). The larger purchases (gold) I kept careful track of because they were larger transactions.
Tiny purchases with BTC should be tax-free, the man-hours of doing the accounting are maddening.
even if congress passes it (I doubt it), POTUS would surely veto it (on advise of Sec Treas).
I’m really not happy at the thought of paying 20%, that sucks man. Why should I pay so much money when the majority of my coins were bought for so little.
The government does not deserve to take so much from us.
It is what it is. I priced it in from the off. And it can be much, much worse in other places. Ireland's 33% I think.
If I change my mind I have my eyes on this palace -
https://www.rightmove.co.uk/overseas-property/property-88276847.html?currencyCode=GBP but need to get my skates on before going abroad results in gammons stoning you to death.
yea, in US it is similar (up to 20%) on longer term cap gains. 10% would have been more decent, but, whatever.
Brits have one up on us with all that offshoring business. No such thing (except weird Puerto Rico situation) for US citizens.
IF you love that future extra 15-20% so much that you want to live in PR at least 183 days/year, then...
I won't.
Life is good with Greek wine! 
