Banks transactions are also private too. The government doesnt have access to that info without a court order.

The tax burden is on you to file and pay the proper amount. They (the IRS) simply audits to see if correct.

At that point, the government works to prove that you didnt pay.

Finally, keep in mind that all on chain transactions are public. They can be easily viewed. That is why KYC is so important to them at the exchange level. They can then follow you around seeing all you do.

Unless you MimbleWimble when it goes live. That might add a layer that they are not happy about.

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