Post
Topic
Board Legal
Re: IRS's new guidelines for taxing crypto-currencies
by
QuestionAuthority
on 17/05/2014, 06:49:40 UTC
...In the meantime I am for tracking every satoshi and do not forget to claim those BTC network fees.  Wink


I need to learn to enjoy the "game" of tracking/claiming every possible deduction and legally paying much less taxes; I know at least a couple people who are able to have high income and shockingly low income taxes.
For me it's also seemed such a hassle to save receipts and account for everything (both big and small)

Flat tax is the way to go. No tracking needed because everyone pays a set percentage.