The Phaserl


IRS slams Bitcoin millionaires with new tax rules… Is gold next?

from Sovereign Man:

Bitcoin tax rules finally came to the Land of the Free yesterday. And I have to imagine there are some not-too-happy campers this morning, if they even know about it.

Bitcoin taxes were inevitable. I’ve written about this numerous times, and have even gone so far as to predict that the government will probably mandate special Bitcoin reporting on foreign disclosure forms.

A number of other countries, from Germany to Singapore, have already issued their own tax rules on Bitcoin and related virtual currency transactions. And yesterday the IRS finally issued their own.

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1 comment to IRS slams Bitcoin millionaires with new tax rules… Is gold next?

  • Silver Shield

    I love it how the Bitcoiners are using this attack on Bitcoin to try to garner support from stackers.
    Unlike Bitcoin, gold and silver are real wealth and not future claims on real wealth.
    If ever there is a confiscatory government trying to thieve, gold and silver can wait generations.
    Bitcoin cannot.
    Bitcoin was sold as the anonymous currency.
    It is not and every thing can be traced to the owners.
    Ironically gold and silver physically traded among people remains the most anonymous way to exchange wealth.

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