The Internal Revenue Service wants a piece of the crypto action

[jim bell]

https://www.newsbreakapp.com/n/0MRBs2yi?s=a3&pd=023dWHXg

The Internal Revenue Service wants a piece of the crypto action

Yahoo!

Donald Trump might not be a fan of cryptocurrencies, but the Internal Revenue Service still wants its cut of the profits.

Shared from News Break 

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Jim Bell's comment follows:As I understand it, in America buying and selling (foreign) currencies is tax-free.  The IRS arbitrarily decided, maybe in 2013, that Bitcoin would be treated differently: presumably because they knew that it would dramatically appreciate, as it has, so that they would get a cut of the increase in value.  Which, of course, is unfair. No actual value increase occurs.

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