To me it's simple: the IRS want taxation on Bitcoin the same way as they want taxes on everything else. So that they can use your money to try and prop up their failing economy and squander the money on every other ill-advised government expenditure that they've been doing for years: lucrative salaries for bankers and government officials, overspending on military projects that have spiralling costs. The military industrial complex etc etc etc.
If taxation was being used correctly (and collected correctly from vast corporations who dodge it) I don't think people would mind paying their taxes.
If taxation was being used correctly (and collected correctly from vast corporations who dodge it) I don't think people would mind paying their taxes.
Couldnt agree more, but unfortunately it will never happen.
Politrix as usual in Washington, it will never change.
