This whole IRS thing is so troubling to me. If the dollar was a good investment and not constantly losing value, then taxes would be fine to pay for those needed things they are supposed to provide, but the dollar is losing value constantly. We try to find any life raft we can find to try to save for the future. Before bitcoin there was the stock market, real estate, gold, etc. Regardless what thing you tried to park your savings into, as the dollar decreases in value it makes it look like those assets are increasing in value, so they can then tax you on those gains even though in reality, those things may not be actually growing. They may be holding their value or maybe even losing value at a lesser rate than the dollar, but we have to pay taxes on those supposed gains. It's such a farce. At least bitcoin allows us to save for the future in a way that makes it very difficult for them to confiscate if we use cold storage. Now, the IRS comes out with this new set of rules. What a joke! I hope the Trump administration reins these agencies in. They are truly out of control. Nuff said.