Or is this just a meme largely spread by a demographic who is upset that their magic internet money is, in fact, subject to taxes (or, alternatively, a demographic that thinks all taxes are theft)?
Or is this just a meme largely spread by a demographic who is upset that their magic internet money is, in fact, subject to taxes (or, alternatively, a demographic that thinks all taxes are theft)?
Did you know that the ominous, threatening letters sent out by the IRS to crypto traders was an indiscriminate shotgun blast of mailings sent to every Coinbase customer with an account value over a certain threshold? Did you know that the IRS wanted personal info on every single Coinbase customer until that was ruled unlawful?
So yes, thousands of presumably innocent people who "followed proper accounting practices and who reported their income correctly" were harassed by a letter from a tax agency insinuating that they had misreported crypto earnings.