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I keep hearing the IRS is trying to tax every transaction of Bitcoin?
Photo by: Reddit - Bitcoin

I thought they just want to collect capital gains... If I buy $10 worth of bitcoin and it's value goes to $12 and I spend that $12 I'm supposed to pay capital gains on the $2, correct? If I bought $10 worth if bitcoin and its value went to $9 and I spent it I wouldn't owe taxes right? Will somebody smarter than me please explain this to me if I'm wrong? submitted by /u/FreshyDug [link]...

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