If I were an attorney, I think I could make a strong case that nothing in crypto is taxable. I would also contend that barter is not taxable, although according to IRS it is. Given the income tax exists (a curse on all who passed that 1913 amendment to the Constitution--because our founders were not stupid or evil enough to allow an income tax in the original document) I would argue that unless we are using the government's currency, they have no basis for taxing anything. The existence of the IRS negates/threatens all the freedoms the Constitution is supposed to protect. IRS exists to completely control us and to destroy anything the party in power does not like.

Posted Using LeoFinance ^Beta