I will be paying property tax.
But not ... income tax?
Topic: Bitcoin Town: Let's Make the Future Come to us - page 29. (Read 54779 times)
But not ... income tax?
I will be paying property tax. And we have a solution for other taxes, but that can't be shared here.
Not with me it hasn't. You told me that i don't owe taxes if i use bitcoin. That's patently false. Or are you not going to be "totally cooperative and transparent"?
It's not false, we have a solution to that problem. And we are going to be completely co-operative and transparent.
You owe property tax. All that law learnin' and ... this. 
That has already been talked about in this thread.
Not with me it hasn't. You told me that i don't owe taxes if i use bitcoin. That's patently false. Or are you not going to be "totally cooperative and transparent"?
The work would provide for communal funds, but only if it was on public land.
So my 1/200th investment would not result in getting 1/200th of the land?
Yes it would. I would be funding the public land personally, and if anyone that doesn't want to live there (but buys land) wants parks, that land will be left alone as park land, for camping and stuff like that.
Bitcoin town part 15:
http://www.youtube.com/watch?v=kqVvA9L-Dvo
http://www.youtube.com/watch?v=kqVvA9L-Dvo
The work would provide for communal funds, but only if it was on public land.
So my 1/200th investment would not result in getting 1/200th of the land?
So this small community would share the solar panels, ASICs and other such possessions?
Would the the work and income from such pursuits go toward the communal fund?
Such a lifestyle sounds quite unconventional.
Would the the work and income from such pursuits go toward the communal fund?
Such a lifestyle sounds quite unconventional.
No, if someone bought their own solar panels they would be theirs. If the city installs it to their house it's theirs. But the city will also be using solar power and mining machines of its own. No communal movement of these items.
The work would provide for communal funds, but only if it was on public land. But that is far from the communities only way to raise funds.
So this small community would share the solar panels, ASICs and other such possessions?
Would the the work and income from such pursuits go toward the communal fund?
Such a lifestyle sounds quite unconventional.
Would the the work and income from such pursuits go toward the communal fund?
Such a lifestyle sounds quite unconventional.
Just read the god damn first post or watch the videos. It's all explained thoroughly.
Quote
If 200 people each put in $10,000 (or equivalent in BTC) the property would be ours (I think this could be accomplished in 1 year). And at that point we could start using the land to farm and produce things and anyone who could afford a house or an Earthship could start building, while anyone else can rent their land out to earn money, or sell it (we will all come together and vote on what the land can and cannot be used for during this time) and once we have some communal money we can help people build Earthships and start working on Solar power and getting a super solid internet connection. Then we could start building FPGAs and ASICs, while we farm and produce what we can.
Step 1: 200 people each put in $10,000 to buy the $2 million property.
Step 2: Anyone can rent their land to earn money or sell it.
Step 3: ? ? ?
Step 4: We have some communal money for Earthships, solar power, super solid internet connection, FPGAs and ASICs.
That's not the whole post and there are still videos.
You owe property tax. All that law learnin' and ... this.
That has already been talked about in this thread.
When you exchange your bitcoins for something of value you have to pay capital gains taxes on the gain in value from when you first obtained the bitcoins to the time of purchase.
I will let everyone in town know what our solution is to this personally, I can't post it on the internet. I can let you know we have a barter club planned though, but that is not the loop hole, that is just what I can tell you.
So how do you get communal town funds?
Easy. By cornering the lucrative Bitcoin UToob video market!
Just read the god damn first post or watch the videos. It's all explained thoroughly.
Quote
If 200 people each put in $10,000 (or equivalent in BTC) the property would be ours (I think this could be accomplished in 1 year). And at that point we could start using the land to farm and produce things and anyone who could afford a house or an Earthship could start building, while anyone else can rent their land out to earn money, or sell it (we will all come together and vote on what the land can and cannot be used for during this time) and once we have some communal money we can help people build Earthships and start working on Solar power and getting a super solid internet connection. Then we could start building FPGAs and ASICs, while we farm and produce what we can.
Step 1: 200 people each put in $10,000 to buy the $2 million property.
Step 2: Anyone can rent their land to earn money or sell it.
Step 3: ? ? ?
Step 4: We have some communal money for Earthships, solar power, super solid internet connection, FPGAs and ASICs.
Did someone tell you that you don't owe taxes if you use bitcoin instead of $$$?
Yeah, as long as you don't exchange it into fiat at any time it is impossible for them to tax it. It's a fluctuating digital property, not a real "currency". It has just become a currency, like seashells were at one point.
I'm sorry, someone has lied to you. You owe income tax, weather you get it in dollars, Bitcoin or goats. You owe property tax. All that law learnin' and ... this.
Did someone tell you that you don't owe taxes if you use bitcoin instead of $$$?
Yeah, as long as you don't exchange it into fiat at any time it is impossible for them to tax it. It's a fluctuating digital property, not a real "currency". It has just become a currency, like seashells were at one point.
When you exchange your bitcoins for something of value you have to pay capital gains taxes on the gain in value from when you first obtained the bitcoins to the time of purchase.
First installment of "Bitcoin Town"
http://www.youtube.com/watch?v=LZsLLFROucc
Bitcoin town part 2:
http://www.youtube.com/watch?v=ZbEsxT2VI5E
Bitcoin town part 3:
http://www.youtube.com/watch?v=xO9GcWoWszA
Bitcoin town part 4:
http://www.youtube.com/watch?v=e_eBNgQIaKc
Bitcoin town part 5:
http://www.youtube.com/watch?v=7-KokfEoQPU
Bitcoin town part 6:
http://www.youtube.com/watch?v=WFKG3Anr9JM
Bitcoin town part 7:
http://www.youtube.com/watch?v=BA4HrOXRFbk
Bitcoin town part 8:
http://www.youtube.com/watch?v=up81asdoMzY
Bitcoin town part 9:
http://www.youtube.com/watch?v=BX5Sekntejo
Bitcoin town part 10:
http://www.youtube.com/watch?v=SITdDb1Pe8g
Bitcoin town part 11:
http://www.youtube.com/watch?v=r-fgf0bxSSg
Bitcoin town part 12:
http://www.youtube.com/watch?v=CmhwLaWeSTA
Bitcoin town part 13:
http://www.youtube.com/watch?v=aIdkXH8B7SI
Bitcoin town part 14:
http://www.youtube.com/watch?v=jnD-hDk0iWc
http://www.youtube.com/watch?v=LZsLLFROucc
Bitcoin town part 2:
http://www.youtube.com/watch?v=ZbEsxT2VI5E
Bitcoin town part 3:
http://www.youtube.com/watch?v=xO9GcWoWszA
Bitcoin town part 4:
http://www.youtube.com/watch?v=e_eBNgQIaKc
Bitcoin town part 5:
http://www.youtube.com/watch?v=7-KokfEoQPU
Bitcoin town part 6:
http://www.youtube.com/watch?v=WFKG3Anr9JM
Bitcoin town part 7:
http://www.youtube.com/watch?v=BA4HrOXRFbk
Bitcoin town part 8:
http://www.youtube.com/watch?v=up81asdoMzY
Bitcoin town part 9:
http://www.youtube.com/watch?v=BX5Sekntejo
Bitcoin town part 10:
http://www.youtube.com/watch?v=SITdDb1Pe8g
Bitcoin town part 11:
http://www.youtube.com/watch?v=r-fgf0bxSSg
Bitcoin town part 12:
http://www.youtube.com/watch?v=CmhwLaWeSTA
Bitcoin town part 13:
http://www.youtube.com/watch?v=aIdkXH8B7SI
Bitcoin town part 14:
http://www.youtube.com/watch?v=jnD-hDk0iWc
Yes there are communal town funds, just like ANY town. We just don't get them through taxes.
Would I be required to contribute toward the communcal town funds?
Nope.
So how do you get communal town funds?
Just read the god damn first post or watch the videos. It's all explained thoroughly.
Did someone tell you that you don't owe taxes if you use bitcoin instead of $$$?
Yeah, as long as you don't exchange it into fiat at any time it is impossible for them to tax it. It's a fluctuating digital property, not a real "currency". It has just become a currency, like seashells were at one point.
Yes there are communal town funds, just like ANY town. We just don't get them through taxes.
Would I be required to contribute toward the communcal town funds?
Nope.
So how do you get communal town funds?
Jump to: