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It was only US citizens with over $20k worth. And it never happened.
It's total BS anyways. The IRS has no right to any of it until the convert to fiat. It's out of the purview of the state until it's fiat so they are not providing any facilitation of it's use that isn't already taxed.
I wouldn't call it anything but a pathetic attempt to see if people would willingly hand over funds for no reason.
It's total BS anyways. The IRS has no right to any of it until the convert to fiat. It's out of the purview of the state until it's fiat so they are not providing any facilitation of it's use that isn't already taxed.
I wouldn't call it anything but a pathetic attempt to see if people would willingly hand over funds for no reason.
Exactly, there has to be a taxable event. For example, trading mutual funds that are held under a 401k plan are NOT taxable events. Why would trading BTC be any different?
See:
In the USA you owe tax anytime you make money. If you earn money from work you owe income tax.
If you see a gain in value when you trade something, be it money or anything, you owe capitol gains tax.
Even if you find a gold ring buried in your yard you owe on it. ALL MONEY IS TAXABLE. This is not the government attacking bitcoin. It has been the law for decades.
