What's going to happen to crypto when 90% of holders are sent to jail for tax evasion?

What's going to happen to crypto when 90% of holders are sent to jail for tax evasion?

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nobody is going to jail, faggot fed

but we are going to send you to hell if you try

Retard
Not even 1 crypto case has been brought infront of legislators yet
No one going to jail until president has been set

>90% of holders get sent to jail

At least this way I can prevent myself from making stupid trades. That and get free food, housing, and loving from my cell mate.

wtf i love jail now

hodlers forced to hodl longer? price goes up?

doing time in prison for tax evasion is actually extremely rare and usually only reserved for people who aren't paying millions, or if they don't have enough evidence to charge you with something else such as drug dealing.

for 99.9% of people, you're just going to be dealing with penalties and not jail time

This is unironically what will happen

Come out as a billionaire.

That's.... not how it works user. Not paying taxes is just not paying taxes. Tax evasion is the actual act of hiding money for tax reasons.

Prices will go up since people won't be able to sell

Supply and Demand faggot

Price will rise cause they can't sell.

Privacy coins and privacy dapps will become more popular.

It doesn't sound bad at all. Plus you get cred from roasties when you get out. Plus you'll probably be rich. Win win win

Are you an expert?

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>"m-mom? here's my login details, sell everything and send it to this account, or else Tyrone is going to take my boipussy"

If you refuse to pay what could they do. The IRS only has power over Fiat. They are powerless to control Crypto. And if your evading taxes with Crypto you almost want to be jailed.

It's lose lose situation for the tax Kikes.

Sure

>f you refuse to pay what could they do.

They will charge you one zillion dollars!!! And they will withhold it from all future paychecks super cereal this time.

I everyone here retarded.

You don't go to jail for not paying your taxes, You go to jail for Tax Fraud or Evasion

>when 90% of holders are sent to jail
Nothing.
Because the holders won't go to jail since they held and don't have to pay tax on a position that they haven't closed.
The sellers, on the other hand, will have to go to jail because they sold and booked their profit.

Failure to file tax returns is a form of tax evasion.

Attempt to evade or defeat paying taxes: Upon conviction, the taxpayer is guilty of a felony and is subject to other penalties allowed by law, in addition to (1) imprisonment for no more than 5 years, (2) a fine of not more than $250,000 for individuals or $500,000 for corporations, or (3) both penalties, plus the cost ...

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Ill make sure to an hero nice and publicly.

I dont know law in US, but here in Norway you only get extra tax. Between 15-60% of tax you evaded. Nobody is going to jail.

Also, you have 3 years to correct your tax incoming incase you didnt report.

There is also something called Tax Amnesty here. Even if you evaded taxes for shitlong time and had your fiat in Caymans, but still didnt get caught, and you now want to live by the law, they will help you pay taxes and pay only few % extra instead of 15-60%.

Norway Rocks!

Circulating supply goes near zero and everything moons.

>tfw no large breasted asian gf

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*Precedent
You hooker

yes sir please buy link sir yes

i just hold and u cant tax me faggots

gr8 b8 m8 I r8 8/8

90% of crypto volume nowadays is bots. What happens when the bots don’t pay their taxes and go to jail for tax evasion? No volume, that’s what

nothing since im holding an unknown amount of monero that might be 0