RE: The Rise of Dark Stablecoins Like HBD
You are viewing a single comment's thread:
Aren't crypto earnings in the US get taxed? Is it based on honesty policy or due to government control of the exchanges?
0
0
0.000
Exchanges report the information to government.
Only if you are silly and use centralized exchanges that report to the IRS. The key is to use DEX's that do not have this problem. They key is to earn your crypto, not buy it. Then use it in commerce with like minded businesses, or just buy gift cards and use those to get what you need.
Yes. There are taxes on crypto. But then, people are suppose to pay taxes when selling drugs.
The IRS doesnt care how you make your money, it just want its cut.