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RE: The State Will Always Punish Productivity (A couple lesser-discussed reasons for the recent crypto bleed)
One of the things I think someone can argue with cryptos and taxes is that if you are not actively taking out the money (like many on Steemit) you do not have to claim this as it is unrealized gains. Theoretically they can only tax you when you take it out. Then comes the whole issue of proof. It's a slippery slope taxing something so new like cyptos.
In some cases, maybe, but being paid here on Steem counts as taxable income even before thinking about gains on top of that, in Japan.
I'd be curious to know how they would enforce something like that. There are over 2000 crypto currencies at the moment and if you did a service for someone and they paid you in one of the 2000 cyptos how would we say that this is "income" rather than a trade or barter? I'm wondering which cryptos they would recognize or do they recognize all of them when you mention the word "income" then I would think you should also be able to pay their taxes in the said crypto currency. I guess the world is going to be watching to see what plan they come up with to pull these taxes off, nothing seems cut and dry.