“If I am a car dealer, for example, and I sell a car for $10,000 in cash, I have to report the buyer to the IRS. And I can because I know who the buyer is. The law applies the same requirement to selling goods and services in exchange for crypto.” If car dealers — or a...
First, it has led to a proliferation of different tax rates and taxing units within the county, as each new endeavor of the consolidated city tends to be funded through the creation of a new special service or special taxing district. Second, property-tax rates are higher in the inner-city...
“I worry that it wont just be the ‘rich’ who are bashed, but the middle classes, or those who have come into money through a family bereavement” Indeed so. They’ll go after anyone who owns anything. They can’t stand the fact that you might own a car, have savings, and the ...