2 Year Sentence for Bitcoin Income Tax Evasion! (youtube.com)
Read the comments to see what people think about their institutions.
‘I have thought about this in the past. It’s absolutely ridiculous to pay tax if you buy something and then decades later sell it for the same value of cash, but have to pay taxes because the number of notes has increased.’
‘I thought laws were supposed to be even handed and not target certain people? How it even legal one form of tax evasion can require more jail time than any other? Does t that fall under cruel or unusual? It’s def unusual.’
'Scary stuff. 10 years from now it will be almost impossible to hide any BTC/Blockchain xactions and the FED will know exactly where/when you got your BTC years ago (they can now, but they're mostly incompetent and overworked).
That's why I hope myself and 10+ of my following generations will NEVER cash out any BTC we '