It seems to me that all the taxes that exceeds 10% is robbery. Fiat confirms that. Governments still do not understand why people pay attention to cryptocurrencies. They pretend that nothing has happened and want to impose the same conditions for the use of cryptocurrencies. I will hide any income if the tax is more than 10%.
Governments do surely know why people like crypto currencies. They are very well aware of what's going on, that I am very sure of. The main point of importance is that they know that at this point in time, the far majority of the people use Bitcoin and other currencies to speculate with, and not to actually use them as a fiat currency alternative. Most governments don't consider it to be a threat yet, but that could change later on. Other than that, 10% tax seems to be a blessing if that was actually the rate we would be subject to, but we have to follow the rules as long as we keep using centralized services. If you have used an exchange before, then what's the point of hiding your activities? One way or another, they will find you and make you pay what the IRS thinks you owe them. It's a disgusting game that's being played, but one you know you are subject to when using centralized services....
