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Epi 12: The IRS Hunt for Bitcoin Owners & Compound Interest

Author
Camari Ellis
Published
Wed 29 Jul 2020
Episode Link
https://thefinancerebel.libsyn.com/the-irs-hunt-for-bitcoin-owners-compound-interest

During today's episode of The Finance Rebel Show, I cover compound interest and the famous of Benjamin Franklin gifting $1,000 to Philadelphia and Boston at the time of his death. The only require was to keep the money in the bank for 100 years collecting interest. After allowing this mere $1,000 grow for a century, both cities had over $1 billion in the bank.

Also, during this we talk about The IRS continuous hunt for Bitcoin owners by subpoening coinbase for their client account information. 

 

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