shmadz
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@theshmadz


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January 04, 2015, 01:32:29 AM

https://www.congress.gov/bill/113th-congress/house-bill/5892/text

Makes sense now, good news = price drop.

Nearly every time
Bad news for me are you a trader you don't think about [ Miners ]

I am a miner, and I thought it looked pretty good for miners,

Quote
(e) Revenue From Mining or Creation of Cryptocurrency.--It is the
public policy of the United States that the Service's guidance that
taxpayers should have the fair market value of the cryptocurrency they
successfully ``mine'' or produce included in gross income is
inequitable, overstates actual income by overstating fair market value
by not accounting for the liquidity risk or the risk that substantial
effort may yield no production, and strongly and unfairly penalizes or
discourages such income producing efforts and deters economic growth,
activity and innovation.

Is that not good? Or at least better than when they were talking about taxing you on every coin you mine as"income"