Scared Of Taxes

[BlueStackz]

You should not be scared of taxes as this is more like your civil responsibility to do. At some point, you need to take profits and this would make you to pay taxes

Tax payers should not scare of paying taxes because this is our government and they need tax to use for the development of our country and our surrounding so that we may feel comfortable everywhere without any difficulty. However government has to take care of it that cryptocurrency is decentralized and they should not interfere in it so as to left something tax free that we many enjoy just like many tax free countries for crypto.

[1713572941]

1713572941

[lunobird]

If you trade for usd account on coinbase pro that is a taxable recorded event. Coinbase will submit your records if you did a 25k trade to the irs.

You have to treat coinbase pro usd account as a real bank account because it's fdic insured.

You should be scared of taxes and have clean accounting. If you over traded you will need to cash out your crypto in bear trend and pay taxes. Worst time to be cashing out.

Yes you can rekt yourself in taxes and go bankrupt.

I.am quite shock by some of your comments out there and poor understanding of  what's a taxable trade

[Angela28]

Taxation is a worthy source of government income and paying a tax is a reasonable obligation for those who hold government property. If we have a high income we should pay taxes to the government.