Does the IRS know how to tax Bitcoins?

It's someone's money and the IRS wants its cut. However, it doesn't seem like anyone knows how virtual currencies are going to be handled by the tax authorities.

Out of date computing affects Congress plans

The US Congress has decided to blame the fact it is as useful as a chocolate teapot when it comes to predicting the economic impact of its policies, because it relies on out of date computer models.