And then taxed again at the difference between that and their current value when... | Hacker News

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xur17 on March 25, 2014 | parent | context | favorite | on: IRS Says Bitcoin Is Property

And then taxed again at the difference between that and their current value when you spend them?

Or can we use them to buy stuff, and avoid capital gains altogether?

faet on March 25, 2014 [–]

If you buy stuff you are taxed. If you buy 1 coin for 10$ and buy a $100 tv you owe 90$ in taxes.

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