No you're right. But you don't have to worry about it. It's rather a good news in fact, I hope it will be enforced heavily.
The idea is that you can be taxed ONLY if you sell the result of the fork. If there is a fork and you don't do anything with the coins then nothing is taxable.
How is it a good news? Well it decreases the incentive of a fork. Because tons of people won't get the new coins, knowing they will be taxed.
Hence less shitcoins and less forks.
That's incorrect. If you receive airdropped/forked coins, you're responsible for reporting that as income. Period.
The only loophole is that you're not responsible if you can't actually claim the coins, or have no control over them. An example of that would be if your exchange doesn't distribute the forked coins to you.
If that is true. Every Whale will dump (in the USA) rather than take a chance for another hostile fork of bitcoin and owing $50k to such or something because he did not dump.
I mean that means NO one could afford to HODL BTC in your own wallet due to malicious actors. Indeed north korea or Iran could 'fork' your coin for just that purpose. chaos.
It is true. This only applies to people subject to US taxation (citizens and residents) and it doesn't matter where they dump the coins.
Yes, you owe the tax whether you sell or not. It is the same for U.S. stocks when a company goes public, original employees of the company are often given stock in the public company and they owe tax on the value of the stock on the day the company goes public whether they sell or not. This normally means they have to sell some of the stock to pay the taxes due.
The good news is that losses offset gains so if a coin is worth $100 the day it was created but you sell at $1, you can claim a loss of $99 per coin when you sell as long as you claimed the gain when the coin was created as well.
Next time you vote, vote for someone who understands bitcoin or at least someone who wants to reform the IRS.