“The irony is that I have a government job now. They did a background check on me where I had to acknowledge a few DUIs I sustained, and—yes—that I hadn’t paid my taxes. To my surprise, I was still brought on to the team. The hiring manager told me that I needed to get up to speed on my finances. I said something like, ‘Yeah, I’ll get right on it,’ and we haven’t spoken about it since.” nostr:note1337fgy7pqkhpsrx9yt5nv9fvdejejrth4qkqjfsxarrtjdg04cas3ty8m4
Discussion
My understanding is that it’s not a criminal offense to stop paying your taxes, but you DO have to file them honestly and accurately.
Generally all the IRS does is assess interest and penalties and will try to seize your financial assets and real estate. If you have everything in bitcoin, there’s nothing they can seize.
Eventually people will realize that when they have all their assets in cold storage, taxes become optional.
This sort of thing happened in Weimar Germany, according to the book “When Money Dies”. People just stopped paying their taxes because if they waited a while, the money would devalue and the tax bill became negligible.
I’m halfway through that book. Quite the read.