https://bitcoinmagazine.com/culture/need-to-know-bitcoin-and-taxesIt is worth noting that if an investor sells bitcoin at a loss and the price is lower than the purchase price, the investor is entitled to claim a tax cut, thereby lowering the total tax. At the moment, investors can understate their income by up to $3,000 a year because of investment losses, and if they lose more than $3,000, the losses can be pushed into the future to offset future taxes.
There are pros and cons to paying a bitcoin tax, and while paying a tax is a lot less profitable, paying a bitcoin tax also means being accepted by the public, which is a good thing when you look at the growth of bitcoin.