Altcoins Talks - Cryptocurrency Forum

Further Discussions => Legality & Taxation of Cryptos => Topic started by: sirty143 on July 12, 2021, 01:20:27 PM

Title: Crypto staking rewards and their unfair taxation in the US
Post by: sirty143 on July 12, 2021, 01:20:27 PM
(https://i.imgur.com/YcpwfHLm.jpg)

The United States Internal Revenue Service (IRS) stretches the tax rules to fit its cryptocurrency agenda. At no time in tax history has pure creation been a taxable event. Yet, the IRS seeks to tax new tokens as income at the time they are created. This is an infringement on traditional tax principles and problematic for several reasons. See more for yourself here (https://cointelegraph.com/news/crypto-staking-rewards-and-their-unfair-taxation-in-the-us).

Your opinion is greatly appreciated.