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RE: Steemit Tax Calculation and Payment System
You are right and all we need to do to stop it is convince the people going to work for the IRS who are trying to do a good job just providing for themselves and their families to stop going to work!
LOL...IM TELLING YA!
Yes.
I hear you. The government not only derives its power from those it takes from, but those it makes dependent upon it. Government takes more of our money, more people need to work, government grows bigger and hires more people, people got to work for the government. When the government is the biggest employer, it establishes an inertia of dependency.
The great news is we have this new freedom fighting tool called cryptocurrency. If we all do our part to support its goal of eliminating government and banks from our financial lives, we can help overcome that inertia.
On a side note Jerry, your enthusiasm, honesty, and prolific nature are amazing. I love (almost) all your work. The tax stuff, not so much ;)
I agree, it's like a government-feeding-frenzy...
Have you gotten professional opinions on the assumption that Steem is legally closer to bitcoin, a now legally recognized currency, than it is to say, Reddit karma (prior to cashing out and realizing an actual gain at an exchange rate, that is)? I would be curious to see a legal argument from an expert in this area, should one exist.
Also, the IRS was criticized for it's guidelines on Bitcoin and is due to make some sort of follow-up in the very near future, which will clearly impact this discussion directly:
http://www.coindesk.com/us-congressional-group-calls-on-irs-to-clarify-bitcoin-tax-guidance/
They'll stop going to "work" once their paychecks are worthless.
Amazing points, we all want the same thing. <3