Taxes regarding bitcoin/ cryptocurrencies
Taxes regarding bitcoin/ cryptocurrencies
Order Description
- explain what bitcoin is
- explain how people are accumulating capital gains off of cryptocurrencies
- explain the current laws/ IRS rules regarding bitcoin and other cryptocurrencies and the flaws they have
- write about the difficulty of taxing bitcoin due to its decentralized nature
- write about the difficulty of taxes with cryptocurrencies due to their anonymity
-write about the fears the government has regarding bitcoin
- give an example(s) of people who tried to evade taxes using bitcoin
- Highlight the pros and cons of taxing cryptocurrencies
-Argue why Bitcoin should or should not be taxed