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RE: AVOIDING INCOME TAX (15%avg) when cashing out your BITCOIN into FIAT (theoretically of course!)

in #money8 years ago

Nice post. Well thought out. I could see the government trying to stop Crypto exchange if they aren't getting their fair share of investment income taxes. Or at least pass laws so the exchanges declare withdrawals. I already paid taxes on the money I used to invest in Alt Coins, so probably did the person who bought my coins from me. I don't think it will be to much longer before someone gets a wild hair up their ass about the billions of dollars in the exchanges on a daily basis to figure a way to tax that. Only time will tell.

Have a good one!
Q