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A comment on IRS reminds taxpayers to report virtual currency transactions. Parent comment
1) You make $20 from employment, and pay $5 income tax. 2) I sell you a sandwich for $15.
I still owe income tax for the money I made selling you a sandwich, even though you already paid tax.
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1) You make $20 from employment, and pay $5 income tax. 2) I sell you a sandwich for $15.
I still owe income tax for the money I made selling you a sandwich, even though you already paid tax.