Is it okay to spend crypto? Or is that a taxable event even if you pay sales tax?
So is it a double tax?
Yes, if you pay sales tax, it would be a double tax. But the amount of capital gains tax that you would have on a hamburger meal, the IRS wouldn't waste their time.
Think you have it backwards. This is exactly who the IRS will go after to try to make examples. People with money have loopholes the little guys don't.
No they won't The IRS doesn't have the resources anymore to go after a buck or two. And the letters they sent out to people was like 10,000 or 20,000 or more. Something like that.