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| Topic: Bitcoin - Taxed? | |
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Bitcoin: How should it be taxed?
Is bitcoin really money? Or is it a capital asset? How about a commodity? ? The IRS says it is studying the matter but has yet to issue any guidance. Until it does, it is anyone’s guess how bitcoin should be taxed. Bitcoin: How should it be taxed? Because God forbid anything should ever go untaxed in this country. 
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the greedy hand of government thrusts itself into every corner and crevice of industry, and grasps the spoil of the multitude. Invention is continually exercised, to furnish new pretenses for revenue and taxation. It watches prosperity as prey, and permits none to escape without a tribute"."
-- Thomas Paine I just posted on FB,that Government out of necessity has to either control or destroy any alternate Monetary System,or lose the Monopoly they have on the issuance of Money! |
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