> IRS is getting better and better at tracking bitcoin. They're doing analyses that they couldn't do two years ago.
@jcreech3 at #BlockLegalTech
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I may have misheard this. It's not super surprising but it is impressive, > The tax gap through passthroughs is equal to the entire market cap for bitcoin each year.
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Replying to @generativist
It’s not that far off. The tax gap from unreported business income is $125 billion - mostly from passthroughs with no third party reporting. https://www.cbpp.org/blog/learning-about-the-tax-gap-before-tomorrows-house-hearing … Bitcoin market cap is $135 billion https://coinmarketcap.com/currencies/bitcoin/ …
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