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Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats by refurb on Saturday September 26, 2020 @06:24PM (#24602658)
This ignores the EITC which is available to a huge swath of low income earners.

The only reason the IRS is involved is because the payment is a tax credit, rather than just a payment from some govt body.

22M Americans receive EITCs and the average payout was $3200, for a total of $70B per year.[1]

[1]https://www.cbpp.org/research/federal-tax/policy-basics-the-...

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