Post
Topic
Board Bitcoin Discussion
Re: American Exchanges - 1099 Reporting - The IRS - And WTF?!
by
hjbuell
on 30/03/2014, 08:08:18 UTC
I'm just waiting for them to reach the point where I can write an article about how an auditor earning $80,000 per year + in US Taxpayer money investigated people on the Blockchain, and prosecuted a guy who owed an absurdly small amount of tax. Much like the small business owner who gets hit with $20,000 in penalties for not filing, and then settles for the actual $6,000 he realistically owes - all the while, the USG spent $10,000 to collect that.

My hope is that this will trigger a flat tax, or something similar, that isn't so absurdly complex - but then I would also like to win the lotto. As my dear old dad would say, guess which hand will fill up first. Cheesy