Being decentralized and anonymous, the first task of course is to figure out how exactly to tax it.
morons love the state.
they will tell them.
How do you know this?
Topic: DO NOT ALLOW TAXATION IN BITCOIN - page 2. (Read 2299 times)
morons love the state.
they will tell them.
How do you know this?
Being decentralized and anonymous, the first task of course is to figure out how exactly to tax it.
morons love the state.
they will tell them.
I'm not using sheepcoin.
Being decentralized and anonymous, the first task of course is to figure out how exactly to tax it.
morons love the state.
they will tell them.
Being decentralized and anonymous, the first task of course is to figure out how exactly to tax it.
morons love the state.
they will tell them.
Please keep separate what is currency and what is taxation. Whether you can tax gold or not is irrelevant to gold as a natural substance. Same with bitcoins. Taxation is a social construct which applies to transactions, income, gains and assets.
If you own a property the government may tax you 1% of its value per year. It is irrelevant whether the prevailing currency the government uses is dollars, euros, gold, bitcoins or sea-shells.
big retailers like amazon have to add the tax to the transaction... the government automatically takes out taxes from wages and you get a tax 'refund' in most cases... as far as taxing capital gains from the value of bitcoin itself, that's not going to happen... trading the crypto currencies is fairly transparent and you will only get caught if you are stupid (cashing out bitcoins putting them in the bank, etc) ... use the bitcoins to directly purchase a product instead...
It's not like a stock broker where they have to report every transaction to the IRS or anything which is nice as it eliminates a lot of needless paperwork and irritation. Of course governments in theory could clamp down on the exchanges themselves because everyone 'wants their piece of the pie' in a fractional reserve world where we have more debt than we do money to pay it off.. everyone is always chasing to have their piece.
It's not like a stock broker where they have to report every transaction to the IRS or anything which is nice as it eliminates a lot of needless paperwork and irritation. Of course governments in theory could clamp down on the exchanges themselves because everyone 'wants their piece of the pie' in a fractional reserve world where we have more debt than we do money to pay it off.. everyone is always chasing to have their piece.
There is no incentive whatsoever for the tax authorities to redistribute coins.
They will own all of them.
Proof: Silk Road coins have not been redistributed.
They will own all of them.
Proof: Silk Road coins have not been redistributed.
Ridiculous. You claim that governments have no incentive to spend money? Where are you from?
And your proof is not proof. They have not been redistributed, yet.
They have no incentive to spend OUR money. They have every incentive to make us spend THEIR cocaine dust covered money.
It seems unlikely the US government will keep all bitcoins it seizes or collects, assuming they are ever accepted for taxes. I would view any government accepting bitcoins for taxes (or anything else) as positive news.
Being decentralized and anonymous, the first task of course is to figure out how exactly to tax it.
morons love the state.
they will tell them.
Being decentralized and anonymous, the first task of course is to figure out how exactly to tax it.
There is no incentive whatsoever for the tax authorities to redistribute coins.
They will own all of them.
Proof: Silk Road coins have not been redistributed.
They will own all of them.
Proof: Silk Road coins have not been redistributed.
Jump to: