Bitcoin is money, it should be exempt from all taxes.
This is the first thing I always point to when some mouthbreather asks why Bitcoiners don't actually use it as cash.
The say the average consumer makes between 600-900 transactions per year. Do you think the consumer wants to track that many taxable events, the cost basis for each, so on and so forth? It's a non-starter.
The say the average consumer makes between 600-900 transactions per year. Do you think the consumer wants to track that many taxable events, the cost basis for each, so on and so forth? It's a non-starter.