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A comment on U.S. bill to exempt small virtual currency transactions from CGT [pdf]. Parent comment

Re:U.S. bill to exempt small virtual currency transactions f... by Traster on Tuesday January 21, 2020 @07:46AM (#22106400)
Why not simply apply the gain over the time period. If you get $50k gain after 10 years, that's counted as $5k gain per year and we already know what tax bracket you were in for those years so you submit a revision and pay the tax that would've been due in each of those years.
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Re:U.S. bill to exempt small virtual currency transactions f... by leetcrew on Tuesday January 21, 2020 @08:28AM (#22106666)
that would be a reasonable solution. I wouldn't oppose it if it came with a slight cut to income tax rates.
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