It is pretty sad and somewhat depressing.
This is why I rail against the government getting involved in things. They ruin everything.
If I was a sneaky prick I would not have been picked up.
I am picked up because I efforted to be a complainant taxpayer.
I have a degree in accounting which really annoys me as a lot of the rulings make no sense on an accounting level.
I a going to drive to the beach and have some fund walking the boardwalk with my wife when I come back I will do some more research on how to correctly comply.
I'm happy I'm not a US citizen/resident. We live in a world where the honest man is usually the one getting it up the poophole, while the rich and powerful have schemes upon schemes to hide money away and not pay taxes. There's a scandal coming up about every three months, everyone's shocked, yet nothing ever changes. The rich get richer.
I'm really looking forward to crypto taking over fiat money. It won't happen tomorrow, but it will, someday. Just like the internet has fundamentaly changed the way we interact with each other. Why do you think they pressure all the big centralized exchanges to force KYC on everyone and ban anonymity/privacy coins? Because they are scared to lose control over their own citizens. Fiat money, your bank account, your credit card, are all ties to centralized systems. Have you tried to live without a bank account? Pretty much impossible...I know in France for example, you can't withdraw more than 1500 without having to justify why. It's your own money, but you can't do what you want with it. If you're getting a deposit of more than 1500, the bank will call you because they blocked the deposit, requesting you justify where the funds come from. wtf seriously.
Oh well, I guess I'm becoming a paranoid hippie while I'm getting older :-p