Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats
by secabeen on Sunday September 27, 2020 @04:17PM
(#24609847)
This citation is solely focused on income taxes, which make up only have of the revenue. Payroll taxes are 36% of the revenue, and are only incurred on the first ~$120k of income. I think this number would be more enlightening if it included all taxes (state property and income tax too), not just federal income taxes.
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