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RE: And just like that, Big Brother steps in
That raises a great point of bureaucratic laziness being the cause of this method of trying to track crypto. I personally have no issue with paying taxes on my crypto as I know that is a price that must be paid, however, there should be better tax laws set in place to do so rather than through this method. Thank you for the information and opinion!
Yeah, I have no issues at all with paying my fair share of taxes on any of my earnings either, because I have no intention of personally paving my own roads to get everywhere I need to go :) , which is what separates me from being a full-on libertarian, I guess.
But this kind of legislation, as a suggestion, still disturbs me. If they want to go into their respective tax codes and make the changes required to obtain this type of information, so be it, but this isn't that...