Fair Tax Idea for Bitcoin and other Crypto's

2dogs

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Quote from: justmyname on December 20, 2014, 10:52:51 AM

J.

We know this will never happen due to the fact that anyone in government is a sold out whore. or to stupid to come up with a golden idea like this.

A sold out whore. Remember, it's all political and never because it makes sense, or practical, or is the logical thing to do.

justmyname

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Quote from: ?? on ??

Quote from: justmyname on December 20, 2014, 10:52:51 AM

Just like on an exchange. when you pay a fee to trade. You can pay a fee to cash out to fiat. No more than 1 or 2% State and Federal.

This way it will be much less confusing and reasonable. More will comply with the tax.

And if it goes against you and money is lost. The government won't refund money due to a bad investor claiming a loss.

We know this will never happen due to the fact that anyone in government is a sold out whore. or to stupid to come up with a golden idea like this.

Well some people might never withdraw then, and could simply just keep transferring bitcoins and using it as normal money.

In which case they would then likely be paying sales tax. Just as you would with the fiat.

justmyname

sr. member

Activity: 389

Merit: 250

Just like on an exchange. when you pay a fee to trade. You can pay a fee to cash out to fiat. No more than 1 or 2% State and Federal.

This way it will be much less confusing and reasonable. More will comply with the tax.

And if it goes against you and money is lost. The government won't refund money due to a bad investor claiming a loss.

We know this will never happen due to the fact that anyone in government is a sold out whore. or to stupid to come up with a golden idea like this.

Topic: Fair Tax Idea for Bitcoin and other Crypto's (Read 1133 times)