RE: RE: Taxes destroy all of us rich or poor
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RE: Taxes destroy all of us rich or poor

RE: Taxes destroy all of us rich or poor

The IRS already knows about this problem as I've explained it to my tax accountant exactly how Steemit works and how those bots doing 100K transactions / day are generating income that has about 20 rules each per transaction that must be done by hand because there's no software to calculate. My tax accountant said that she thought that only transactions that leave the platform should be taxed (that's not what the rules say though). Some at the IRS already know that it's impossible to be in compliance by the old rules because to do so would be like reading the entire contents of the Library of Congress in one night. My tax attorney said not to worry, that the rules will be rewritten so that compliance is possible.

There's no guarantee that some won't suffer from stupid knee jerk reactions from IRS employees who don't fully understand the problem, but the responsibility will have to be on them to be reasonable, because if they aren't, and word is sure enough to get around, there will eventually be a real perceived credibility problem (this perception can't come from those of us who say "taxation is theft" because most of the population has submitted). But once those who obey every letter of the law realize that it's no protection, that's when it's game over for the IRS and they will lose legitimacy. So, relax. They will rewrite the rules to save their own butt.

PS - the cumbersome nature of the tax issue here actually helps Steemians. Remember that there's great power in numbers. It shouldn't be on Steemit to fix the tax issue. Instead the IRS should rewrite the rules to reflect the reality of the world (including that all taxes should be voluntary to have legitimate moral authority - such as is the case in Liberland).

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