This might be ignorant Lex but I thought when I dealt with crypto I was giving a middle finger to the government in a sense...why are we so paranoid that we're putting aside money for people who in the end intention is to fuck us over and regulate the damn coin in a way that makes the win... Just wondering?
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Well, not to be too blunt about it, but the reality is if you are cashing out of crypto into US Dollars (or, in a lot of cases, other national currencies) and filing no taxes, it's only a matter of time until men with guns come to stick it to you.
Steem is not exactly the crypto of choice for privacy, given the un-censored blockchain and the relative ease with which any of us can be doxxed. All your transfers are public domain.
Hmmm...interesting. No dam escape from getting screwed it seems. IRS is a leech criminal organization,. Shits crazy we have to put their share aside without even them asking for it...just in case...man...wow...smh....
Recently Ive been meditating on the concept that we are here to struggle and suffer. Yes there is joy, but overall life has been a struggle. Interestingly the happiest people I have seen are the poorest.
Guaranteed no one living off $100 or less a month has the headache of figuring out these types of taxation issues...
Yep, guilty until proven innocent. It's amazing that this continues to go on, frankly.