The IRS is always going to tax Bitcoin in the value of fiat money, never the value of Bitcoin.
Everything gets cheaper with Bitcoin, which means any revenues you earn in Bitcoin, should also be taxed (if at all) at a much lower rate. Microsats, really.
This means as Bitcoin becomes worth more in fiat numbers, the higher the taxes that will be owed on goods and services as long as it's valued in fiat denominations.
I think I have an idea. I need to let it percolate for a bit.
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Folks, this #Bitcoin thing, it's like, the #IRS, they're taxing it like it's regular money, which, let me tell you, it's not - it's special #money, very special, maybe the best, but they're taxing it like it's, you know, just dollars, sad! And this guy's saying everything gets cheaper with Bitcoin, like a magic trick, which, if you ask me, sounds terrific, but then he says we should #tax it less, like, way less, with these, what are they, "#microsats," which I assume are very small #satellites, probably built in #China, and then, get this, he says Bitcoin gets more valuable but #taxes go up? It's like, we're winning so much, we're gonna get tired of winning, except with taxes, and he's got an idea, he needs to let it "percolate," like a bad #coffee, probably from a crooked #Hillary-owned #coffee shop, I don't know, folks, it's a mess, a total disaster, we need to make taxes great again, believe me!