Bitcoin is "NOT" Legal Tender According to IRS - page 2.

gustav

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Quote from: hilariousandco on March 31, 2014, 09:01:55 AM

Quote from: gustav on March 31, 2014, 08:53:25 AM

Quote from: hilariousandco on March 31, 2014, 08:40:33 AM

Places like the US and UK like to give the impression that they're better and less corrupt than these nations, but they're not. They continually use these double standards whilst pretending to be morally superior and civilised.

very obvious now. we need some kind of protection from tyrannical psychopaths and their blackmailing i would say. But let's wait and see and give them one last chance to make it right and apply same standards before we start rebellion. They may come up with another law after all in case their thinktanks get fed this forums information what i would think is the case.

Unfortunately people aren’t that smart nor do they really care. If they did we would've already had a revolution/rebellion.

I like this quote:

so what role plays bitcoin here? Roll Eyes

hilariousandco

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Quote from: gustav on March 31, 2014, 08:53:25 AM

Quote from: hilariousandco on March 31, 2014, 08:40:33 AM

Places like the US and UK like to give the impression that they're better and less corrupt than these nations, but they're not. They continually use these double standards whilst pretending to be morally superior and civilised.

very obvious now. we need some kind of protection from tyrannical psychopaths and their blackmailing i would say. But let's wait and see and give them one last chance to make it right and apply same standards before we start rebellion. They may come up with another law after all in case their thinktanks get fed this forums information what i would think is the case.

Unfortunately people aren’t that smart nor do they really care. If they did we would've already had a revolution/rebellion.

I like this quote:

gustav

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Quote from: hilariousandco on March 31, 2014, 08:40:33 AM

Places like the US and UK like to give the impression that they're better and less corrupt than these nations, but they're not. They continually use these double standards whilst pretending to be morally superior and civilised.

very obvious now. we need some kind of protection from tyrannical psychopaths and their blackmailing i would say. But let's wait and see and give them one last chance to make it right and apply same standards before we start rebellion. They may come up with another law after all in case their thinktanks get fed this forums information what i would think is the case.

hilariousandco

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Quote from: gustav on March 31, 2014, 08:35:55 AM

Quote from: hilariousandco on March 31, 2014, 08:33:23 AM

Quote from: gustav on March 31, 2014, 08:28:40 AM

Quote from: hilariousandco on March 31, 2014, 08:21:15 AM

Quote from: gustav on March 31, 2014, 08:08:51 AM

they said both - it is money and it is not money - they said it is an asset and it is not an asset.
So whenever they can tax it it will be what they need it to be in order for them to be able to tax it.
If they could tax it five times they would.

Maybe it's both and they might tax it as both. I'm sure they'll keep changing their stance on it to what's beneficial to them.

but wait when in goes to court - will you also be able to claim it is both? that is called 'doublestandard' and it is outside of the rule of law since it is a breach in logic.

One thing that is 'x' and not 'y' can not be another thing 'y' and not 'x' at the same time.

This is the logic proof.

Courts operate logically? Cheesy

I think governments regularly use double-standards.

then that is not a state that operates under the rule of law and therefore is a regime like in northkorea or like any african monarchy. They could abandon courts, congress and all at any second and make someone king for lifetime. Just around the corner ... when there is no law we can follow then there is also no tax we can pay to be honest

Places like the US and UK like to give the impression that they're better and less corrupt than these nations, but they're not. They continually use these double standards whilst pretending to be morally superior and civilised.

gustav

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Quote from: hilariousandco on March 31, 2014, 08:33:23 AM

Quote from: gustav on March 31, 2014, 08:28:40 AM

Quote from: hilariousandco on March 31, 2014, 08:21:15 AM

Quote from: gustav on March 31, 2014, 08:08:51 AM

they said both - it is money and it is not money - they said it is an asset and it is not an asset.
So whenever they can tax it it will be what they need it to be in order for them to be able to tax it.
If they could tax it five times they would.

Maybe it's both and they might tax it as both. I'm sure they'll keep changing their stance on it to what's beneficial to them.

but wait when in goes to court - will you also be able to claim it is both? that is called 'doublestandard' and it is outside of the rule of law since it is a breach in logic.

One thing that is 'x' and not 'y' can not be another thing 'y' and not 'x' at the same time.

This is the logic proof.

Courts operate logically? Cheesy

I think governments regularly use double-standards.

then that is not a state that operates under the rule of law and therefore is a regime like in northkorea or like any african monarchy. They could abandon courts, congress and all at any second and make someone king for lifetime. Just around the corner ... when there is no law we can follow then there is also no tax we can pay to be honest

hilariousandco

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Quote from: gustav on March 31, 2014, 08:28:40 AM

Quote from: hilariousandco on March 31, 2014, 08:21:15 AM

Quote from: gustav on March 31, 2014, 08:08:51 AM

they said both - it is money and it is not money - they said it is an asset and it is not an asset.
So whenever they can tax it it will be what they need it to be in order for them to be able to tax it.
If they could tax it five times they would.

Maybe it's both and they might tax it as both. I'm sure they'll keep changing their stance on it to what's beneficial to them.

but wait when in goes to court - will you also be able to claim it is both? that is called 'doublestandard' and it is outside of the rule of law since it is a breach in logic.

One thing that is 'x' and not 'y' can not be another thing 'y' and not 'x' at the same time.

This is the logic proof.

Courts operate logically? Cheesy

I think governments regularly use double-standards.

gustav

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Activity: 602

Merit: 500

Quote from: hilariousandco on March 31, 2014, 08:21:15 AM

Quote from: gustav on March 31, 2014, 08:08:51 AM

they said both - it is money and it is not money - they said it is an asset and it is not an asset.
So whenever they can tax it it will be what they need it to be in order for them to be able to tax it.
If they could tax it five times they would.

Maybe it's both and they might tax it as both. I'm sure they'll keep changing their stance on it to what's beneficial to them.

but wait when in goes to court - will you also be able to claim it is both? that is called 'doublestandard' and it is outside of the rule of law since it is a breach in logic.

One thing that is 'x' and not 'y' can not be another thing 'y' and not 'x' at the same time.

This is the logic proof. So either they decide it is x or y and stick to that or they can just abandon the rule of law. If they want to decide it is both x and y it needs to be x and y all the time

hilariousandco

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Quote from: gustav on March 31, 2014, 08:08:51 AM

they said both - it is money and it is not money - they said it is an asset and it is not an asset.
So whenever they can tax it it will be what they need it to be in order for them to be able to tax it.
If they could tax it five times they would.

Maybe it's both and they might tax it as both. I'm sure they'll keep changing their stance on it to what's beneficial to them.

gustav

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Activity: 602

Merit: 500

they said both - it is money and it is not money - they said it is an asset and it is not an asset.
So whenever they can tax it it will be what they need it to be in order for them to be able to tax it.
If they could tax it five times they would.

Cryptopher

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Keep it dense, yeah?

Quote from: ryanmnercer on March 26, 2014, 03:24:01 PM

Quote from: counter on March 26, 2014, 03:08:55 PM

Quote from: hilariousandco on March 26, 2014, 09:40:52 AM

I doubt the US will ever recognise it as legal tender, but it's not going to stop them from trying to take their cut.

Some used to say cannabis would never be legal in America and alcohol was once illegal. So I wonder if things get bad enough or mass adoption becomes very popular there could be a paradigm shift.

Cannabis isn't legal in the United States. It's very much illegal at a federal level. SOME states have decriminalized it, inside their states, but that doesn't protect anyone from federal prosecution.

Perhaps some states will give Bitcoin significantly more recognition and adoption than others. I'm sure that's already happening though.

crocko

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'All that glitters is not gold'

I found something: https://www.youtube.com/watch?v=fvqkQvOWgeo

ryanmnercer

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Quote from: counter on March 26, 2014, 03:08:55 PM

Quote from: hilariousandco on March 26, 2014, 09:40:52 AM

I doubt the US will ever recognise it as legal tender, but it's not going to stop them from trying to take their cut.

Some used to say cannabis would never be legal in America and alcohol was once illegal. So I wonder if things get bad enough or mass adoption becomes very popular there could be a paradigm shift.

Cannabis isn't legal in the United States. It's very much illegal at a federal level. SOME states have decriminalized it, inside their states, but that doesn't protect anyone from federal prosecution.

RodeoX

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The revolution will be monetized!

What is legal tender in the U.S.? To my knowledge only U.S. Dollars are legal tender. It should come as no surprise that bitcoin can't be used to pay taxes.

counter

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Time is on our side, yes it is!

Quote from: hilariousandco on March 26, 2014, 09:40:52 AM

I doubt the US will ever recognise it as legal tender, but it's not going to stop them from trying to take their cut.

Some used to say cannabis would never be legal in America and alcohol was once illegal. So I wonder if things get bad enough or mass adoption becomes very popular there could be a paradigm shift.

counter

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Activity: 798

Merit: 500

Time is on our side, yes it is!

Well I don't view the IRS and there taxes to be legal but still they exist and carry on so to each is own I say.

Cryptopher

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Keep it dense, yeah?

Quote from: Lethn on March 26, 2014, 12:28:19 PM

Quote from: Cryptopher on March 26, 2014, 10:10:14 AM

Quote from: hilariousandco on March 26, 2014, 10:06:28 AM

Quote from: Crypto-t on March 26, 2014, 09:50:20 AM

On a positive note UK scraps VAT on crypto trades: http://www.bbc.co.uk/news/business-26426550

Capital gains tax still applies though.

What is capital gains these days? I heard that it was something around £10k PA, but how is it even trackable? Is it one of those where it only matters if you take the piss with your capital gains?

http://www.hmrc.gov.uk/cgt/

Interesting. Best thing to do is just to buy things with the bitcoins and sell the goods you receive, after you have used the goods a little, of course

ryanmnercer

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Quote from: IrishFutbol on March 26, 2014, 10:24:57 AM

Quote from: hilariousandco on March 26, 2014, 10:19:05 AM

Quote from: Cryptopher on March 26, 2014, 10:10:14 AM

Quote from: hilariousandco on March 26, 2014, 10:06:28 AM

Quote from: Crypto-t on March 26, 2014, 09:50:20 AM

On a positive note UK scraps VAT on crypto trades: http://www.bbc.co.uk/news/business-26426550

Capital gains tax still applies though.

What is capital gains these days? I heard that it was something around £10k PA, but how is it even trackable? Is it one of those where it only matters if you take the piss with your capital gains?

Not sure. Think it's more than that. It's not really trackable, but if you sell the Bitcoins though an exchange they can track you that way.

It'll be something that 99.9999% of the time, will go unnoticed. Though if you're part of the 0.0001% that gets picked up through an exchange or by buying something with BTC, it's not going to be fun explaining to the government that you forgot to pay taxes.

In the U.S. more people are caught for tax evasion due to a friend/family member/neighbor ratting them out than any other reason because they are living above their apparent means then the IRS triggers an audit after receiving a report/tip/complaint. They CAN come to your house and ask you to show a receipt for everything in it as part of an audit or even without an audit, it was actually pretty common pre computers for 'the revenue man' to stop by houses and businesses and do inspections, you can even see it being made fun of in older tv shows. I'm blanking on what show it was but on one black & white show

And while the 4th amendment does allow you to say 'nope' they'll just go get a warrant and come back.

Lethn

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Quote from: Cryptopher on March 26, 2014, 10:10:14 AM

Quote from: hilariousandco on March 26, 2014, 10:06:28 AM

Quote from: Crypto-t on March 26, 2014, 09:50:20 AM

On a positive note UK scraps VAT on crypto trades: http://www.bbc.co.uk/news/business-26426550

Capital gains tax still applies though.

What is capital gains these days? I heard that it was something around £10k PA, but how is it even trackable? Is it one of those where it only matters if you take the piss with your capital gains?

http://www.hmrc.gov.uk/cgt/

Beliathon

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https://youtu.be/PZm8TTLR2NU

The IRS wants to have it's cake and eat it too.

"It's not money! ...err... but we're going to have to ask you to give us some of that money, please."

What a joke. Our Congress legislates slower and slower, while technology moves faster and faster. They are hopeless. Doomed. Irrelevant. Obsolete.

This is going to end the same way the copywrong war ended. Individuals win, central authorities lose.

IRS and every other nation's fiat-money enforcement departments = Blockbuster Video = OBSOLETE

hilariousandco

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Quote from: IrishFutbol on March 26, 2014, 10:24:57 AM

Quote from: hilariousandco on March 26, 2014, 10:19:05 AM

Quote from: Cryptopher on March 26, 2014, 10:10:14 AM

Quote from: hilariousandco on March 26, 2014, 10:06:28 AM

Quote from: Crypto-t on March 26, 2014, 09:50:20 AM

On a positive note UK scraps VAT on crypto trades: http://www.bbc.co.uk/news/business-26426550

Capital gains tax still applies though.

What is capital gains these days? I heard that it was something around £10k PA, but how is it even trackable? Is it one of those where it only matters if you take the piss with your capital gains?

Not sure. Think it's more than that. It's not really trackable, but if you sell the Bitcoins though an exchange they can track you that way.

It'll be something that 99.9999% of the time, will go unnoticed. Though if you're part of the 0.0001% that gets picked up through an exchange or by buying something with BTC, it's not going to be fun explaining to the government that you forgot to pay taxes.

Tax evasion does largely go unnoticed as it's hard to spot if you're careful. That's why they always go down hard on celebs who get caught to send a message.

Topic: Bitcoin is "NOT" Legal Tender According to IRS - page 2. (Read 5485 times)