Some of us wish that the IRS would also concern itself with US states and territories only.
The essence is that the IRS is going to invest in a lot of kneecapping wrenches to get any sort of meaningful compliance from BTC users under the current system, as the only way to seize properly secured coin when the owner is unwilling is to somehow make him willing.
Thus, if you can't file your bitcoin taxes on a space smaller than a postcard, you're probably not going to get a lot of voluntary compliance, no matter how much people actually support paying taxes. Think about the use tax on interstate retail sales. Hardly anyone pays it because no one cares to tally up every Internet purchase they made, figure the amount of tax owed, and send it along when that information is not already available to the taxing authority.
There is no consequence to not doing it, and doing it correctly costs both a small amount of money and an enormous amount of time, which is arguably even more valuable.
The essence is that the IRS is going to invest in a lot of kneecapping wrenches to get any sort of meaningful compliance from BTC users under the current system, as the only way to seize properly secured coin when the owner is unwilling is to somehow make him willing.
Thus, if you can't file your bitcoin taxes on a space smaller than a postcard, you're probably not going to get a lot of voluntary compliance, no matter how much people actually support paying taxes. Think about the use tax on interstate retail sales. Hardly anyone pays it because no one cares to tally up every Internet purchase they made, figure the amount of tax owed, and send it along when that information is not already available to the taxing authority.
There is no consequence to not doing it, and doing it correctly costs both a small amount of money and an enormous amount of time, which is arguably even more valuable.