Interesting.... I thought that taxes would only count when cashing out as a "capital gains tax"
I think that if someone gives you a physical gold bar "for free", in some cases you should pay taxes for that, even if you not sell it for money. Same for cryptocurrency "airdrops".
That is insane... that would mean anything that I have ever been given "for free" in life I would have to pay taxes on.....
This is the exact reason why we need cryptocurrencies..... greedy governments want their cut of something that is not theirs.... THIEVES!!!
Insane, yes. The government wants you pay taxes on every source of income.
Remember we're supposed to be in control of our government. If you don't like what they are doing, make sure your "representatives" are aware of your displeasure and that you vote for those people who really decrease taxes, not just those who say they do.
That said, also remember there's no such thing as a "free lunch". Everything the government doles out is stolen from others. If you are a large recipient of those handouts, don't complain about the taxes unless you want the "free" stuff to disappear.
For the rest of us "Peters" who are robbed to pay the "Pauls", however, sorry Paul, your days of free lunches are coming to an end.
M
