Congress finally passed the new infrastructure bill with its provisions to tax cryptocurrency transactions essentially unchanged. Pending IRS and Treasury Department guidance, any digital asset class deal above US$10,000 may now have to be reported by the exchanges for tax purposes.
https://www.notebookcheck.net/Crypto-taxation-passes-with-the-House-infrastructure-bill-time-to-sort-those-Shiba-Inu-coin-gains.577678.0.html
Playtime is OVER
We're comin' for that GPU, boy
Big muscular IRS bulls at your doorstep boy
They're ALWAYS where dat money's at: watching, mirin', jelking
I'll be there too boy :) Meow
Just keep taking from people. We are taxed when we buy something, we are taxed for owning something and then we are taxed again for selling something. Just to keep fueling the bottomless stomach of the parasite known as the united states government.
When you take from the smart to give to the dumb you make the entire country dumb and lazy.
Why just shib? Why are you attacking that one crypto in your headline? Who are you really working for?
Why does everyone, Main stream media etc. Keep attacking Shiba Inu coin every article and chance they get? I read all day for the last 8 months how you need to not invest or sell it. I've been holding and it is doing me well to do so. Cant trust anything I read anymore, sad!
Look it was the people that voted the Democratics into power and shut out the Republicans lead by Trump so always be careful who you vote for . Trump is a business man Democratics are not just lazy bottom feeders they have never run a successful business so how do you expect them to run a successful government until we see people
No wonder why the US is going to crap.... *Democrats "we are for the people, the working class!!"* *Also democrats, continues to pass laws that actively destroys the middle class and makes it harder and harder for folks of all walks of life to move up in life by taxing the crap out of anything that can help you*
De-licious.
This president is full of crap and the people around him.
Umm crypto profits are supposed to be reported even before this passed lol.
All the (legit) exchanges for years have a tax section where you can generate a report to send to your accountant.
What a shame. Democrats are trying their best to keep the little man little. Turns out Biden is as bad as, if not worst than Trump. Time to recall or impeach.
Every serious exchange has provided incentives for people to file their Crypto tax with their governments. This is not anything new, don't panic a lot is not going to change. No one can tax your Crypto until you move them to Fiat.
If people would stop cheating and under reporting taxes, we could get a break from new ones.
Everyone talks about we're the best country in the world, but they refuse to pay a fair share to keep the best country in the world. Meanwhile our infrastructure, transportation, political, rehabilitation, education and medical systems are falling short and we no longer break anywhere near the top 10 in any category that's positive.
But hey, gotta protect the guy who invested hundreds in hours of earning thousands or millions with crypto. Then if the exchange fails or goes down, ie robinhood, they want that same government to protect them and their assets.
Fucken greedy bastards. Glad they lost in Afghanistan fucking bitches