How should Bitcoin and cryptocurrencies be taxed?

Andrea O'Sullivan

Source: Reason
by Andrea O'Sullivan

"The tax treatment of cryptocurrencies has been a persnickety affair. Long gone are the days when bitcoin users mistakenly believed that their experiment in monetary innovation would be free from the grabbing hands of the state. But cryptocurrencies' unique properties and uses posed a dilemma for tax authorities seeking to outline a reasonable path for taxation of technologies like bitcoin. Thankfully, a new bill could rectify many of the early mistakes made with the tax treatment of cryptocurrencies." [editor's note: Cryptocurrencies SHOULDN'T be taxed. Neither should anything else – TLK]

http://reason.com/archives/2017/09/12/how-should-bitcoin-and-cryptocurrencies

  • R R Schoettker

    "Cryptocurrencies SHOULDN'T be taxed. Neither should anything else"

    Took the words right out of my mouth, Tom.

  • dL

    drivel…

    I guess the next Reason article will be to champion requiring "Trust the Government" to be printed on the coins

    https://rulingclass.files.wordpress.com/2017/08/spock-libertarian-moment.png?w=743

  • MamaLiberty

    Libertarians (and others who care) need to stop using the word "tax" at all… and call it what it truly is: THEFT, every single time. If we put the discussion on the right basis to start with, nobody can actually misunderstand us. Hate us, vilify us, ignore us… sure thing. But calling all theft THEFT won't give them nearly as much wiggle room.