Guys, you should grow up. If you don't like this system, go live somewhere else.
If one day, I hope it will not happen, you will be disabled and you'll need disability benefits, you will remember this discussion and you will thank people paying taxes. If tomorrow you will loose your job, I hope it will not happen, you will thank people paying taxes for the check that government will give you to help you transit to a new job.
Topic: I didn't pay capital gains tax on bitcoin sales to IRS today - page 14. (Read 24100 times)
If you don't pay taxes, how do you even exist in this country?
How do you move around without using public roads or sidewalks?
Or are you a freeloader?
How do you move around without using public roads or sidewalks?
Or are you a freeloader?
This is complete nonsense. I just want to give you an example. Part of the taxes which should be applied to your income is the social security tax, which is used to pay for current and future social security retirement benefits, benefits for widows and widowers, and disability benefits. What if nobody pays these taxes?
If you don't want to contribute to society, just go live on the Moon. if you are in the US and you benefit (or you may benefit in the future) of any kind of social service, then you should pay taxes. Otherwise, you seem like a grownup kid who lives in his parents' house and refuses to give a share of the rent because any money you earn is yours to do with as you wish.
If you don't want to contribute to society, just go live on the Moon. if you are in the US and you benefit (or you may benefit in the future) of any kind of social service, then you should pay taxes. Otherwise, you seem like a grownup kid who lives in his parents' house and refuses to give a share of the rent because any money you earn is yours to do with as you wish.
I will use physical force to extract a percentage of your income from you.
I will use this money to fund wars, I will use this money to surveil you, I will use this money to fund police brutality.
I will also use some of this money to keep the tax cows content.
I am the state.
While the state maintains a monopoly on deciding how much of our money to steal and what to do with it, it deliberately prevents alternative solutions.
Again, I don't owe them anything. I EARN my money by adding value to the world. That value is legitimate by the fact that someone paid me VOLUNTARILY for my services. Any money I EARN is mine to do with as I wish, as by being its creator I have the authority over it.
Calling someone a "tax professional" and that person saying I owe doesn't make it so. Taxes are merely extortion by definition.
Grow up, Maged. You're a sheep, and a coward, and an accessory to extortion.
Calling someone a "tax professional" and that person saying I owe doesn't make it so. Taxes are merely extortion by definition.
Grow up, Maged. You're a sheep, and a coward, and an accessory to extortion.
This is complete nonsense. I just want to give you an example. Part of the taxes which should be applied to your income is the social security tax, which is used to pay for current and future social security retirement benefits, benefits for widows and widowers, and disability benefits. What if nobody pays these taxes?
If you don't want to contribute to society, just go live on the Moon. if you are in the US and you benefit (or you may benefit in the future) of any kind of social service, then you should pay taxes. Otherwise, you seem like a grownup kid who lives in his parents' house and refuses to give a share of the rent because any money you earn is yours to do with as you wish.
I contribute to society every day by working in the private sector. That's why people pay me VOLUNTARILY for what I do - they value my services more than what they are paying me - so it is a net gain for them to do business with me.
By "social services", what you really mean are "services paid for with extorted funds".
If I hold a gun to your head, and told you to pay me and I'll build you a website, would that be right of me even if I actually did build you a website? Of course not. Calling a gang that does the same thing "government" doesn't change the morality.
Again, I don't owe them anything. I EARN my money by adding value to the world. That value is legitimate by the fact that someone paid me VOLUNTARILY for my services. Any money I EARN is mine to do with as I wish, as by being its creator I have the authority over it.
Calling someone a "tax professional" and that person saying I owe doesn't make it so. Taxes are merely extortion by definition.
Grow up, Maged. You're a sheep, and a coward, and an accessory to extortion.
Calling someone a "tax professional" and that person saying I owe doesn't make it so. Taxes are merely extortion by definition.
Grow up, Maged. You're a sheep, and a coward, and an accessory to extortion.
This is complete nonsense. I just want to give you an example. Part of the taxes which should be applied to your income is the social security tax, which is used to pay for current and future social security retirement benefits, benefits for widows and widowers, and disability benefits. What if nobody pays these taxes?
If you don't want to contribute to society, just go live on the Moon. if you are in the US and you benefit (or you may benefit in the future) of any kind of social service, then you should pay taxes. Otherwise, you seem like a grownup kid who lives in his parents' house and refuses to give a share of the rent because any money you earn is yours to do with as you wish.
Taxes are merely extortion by definition.
+1 This...
+1.
Of course, it depends on who is doing the defining...
The USD is back by the taxes we all pay. So we "Americans" are just property (slaves) of the USA.
Taxes are merely extortion by definition.
+1 This...
+1.
Of course, it depends on who is doing the defining...
The last couple months there have been a lot of posts concerning the IRS ruling that bitcoins are to be treated as property and that it was required to pay a capital gains tax on the sale of bitcoins. Some people even posted that "bitcoin is doomed" because of the ruling.
To prove just how silly it is for people to worry about this, I created this thread to call out the IRS to prove what I owe in capital gains due to bitcoin sales.
So if there are any IRS employees trolling this thread, you're welcome to pour over the blockchain and tell me what I owe you.
To prove just how silly it is for people to worry about this, I created this thread to call out the IRS to prove what I owe in capital gains due to bitcoin sales.
So if there are any IRS employees trolling this thread, you're welcome to pour over the blockchain and tell me what I owe you.
They'll get your money if you sold BTC for Fiat they could care less about your blockchain. Your post would suggest you reported it but claim to owe no capital gains until proven. Your problem is they already have where you under a rock when they declared it property?
If you mean that they were always owed, then you're wrong.
No, I'm not. Had you actually talked with a tax professional prior to the IRS guidance (which, given the nature of this thread, you hadn't), you would have known that taxes were always owed on realized gains from bitcoin. Again, it was just unclear whether bitcoins were either currency or property.Again, I don't owe them anything. I EARN my money by adding value to the world. That value is legitimate by the fact that someone paid me VOLUNTARILY for my services. Any money I EARN is mine to do with as I wish, as by being its creator I have the authority over it.
Calling someone a "tax professional" and that person saying I owe doesn't make it so. Taxes are merely extortion by definition.
Grow up, Maged. You're a sheep, and a coward, and an accessory to extortion.
I'm sure you will find quite a few older people on this forum that have issue with paying taxes, regardless of amount.Sure, I have 'issues' with paying taxes. But I understand the consequences of NOT paying taxes as well.
Jeez I only made $2400 this year before taxes. Then again im 15.
I think I can see where the divide is coming from. Older people with 'real' jobs who are making $50,000+ see no problems paying a few hundred in taxes. Younger people who don't make much see a few hundred as a 'lot' and want to avoid the taxes.
I'm sure you will find quite a few older people on this forum that have issue with paying taxes, regardless of amount. Jeez I only made $2400 this year before taxes. Then again im 15.
I think I can see where the divide is coming from. Older people with 'real' jobs who are making $50,000+ see no problems paying a few hundred in taxes. Younger people who don't make much see a few hundred as a 'lot' and want to avoid the taxes.
Or they've never paid taxes before, and don't understand why someone is trying to 'steal' their money. I felt the same way when I was younger. I only made $2.35 an hour. My paycheck was about $100 a week, and I had about $15 in taxes taken out of my paycheck each week. It seemed way beyond stealing to me. Then as I grew older, I learned how taxes worked, how the tax code worked, and although I still hate it, I understand more.
The IRS won't take even $1 out of an income of $2400.
what a fool leave sleeping dogs alone
The dogs are not asleep. The dogs of government are rabid, and they have been devouring innocent people for a hundred years.It's time to put them down.
Is this original? Or an actual quote?
Related:
https://www.youtube.com/watch?v=dQdmsL147j0
https://www.youtube.com/watch?v=sLCEXtpTNYU
what a fool leave sleeping dogs alone
The dogs are not asleep. The dogs of government are rabid, and they have been devouring innocent people for a hundred years.It's time to put them down.
Is this original? Or an actual quote?
what a fool leave sleeping dogs alone
The dogs are not asleep. The dogs of government are rabid, and they have been devouring innocent people for a hundred years. It's time to put them down.Anyone who is worried about the tax implications of holding cryptocurrency, don't be. Cryptocurrency is the END of fiat, capiche?
There is no going back. Nation-state scrip is a dead thing walking. The IRS is a dead thing walking. The US dollar is most CERTAINLY a dead thing walking.
Even capitalism itself is rapidly becoming a dead thing walking.
Ok, so you guys don't pay taxes, because you want to save the world, not because you want to keep the money?
That's really nice of you ...
(No, wonder the USA is going to shit)
That's really nice of you ...
(No, wonder the USA is going to shit)
It's a lot easier to pay taxes now on the mined bitcoins from previous years when the bitcoins weren't worth much. It's only a few hundred dollars. Then, in the future, when cashing out the btc, I won't have to worry about questions like 'where did I get the btc' 'why didn't you report it'. etc. etc. I might never be audited or asked, but to me, it's so little that it makes me feel better. Like buying insurance for my laptop. I don't need to, but it makes me feel better.
A few hundred dollars is 'nothing' in the scheme of things. It all depends what a few hundred is worth to you. To me, it's less than 0.25% of my income, so I don't mind to feel safe. It's not worth it to risk a quarter of a percent on much larger hassles to fight the IRS or pay penalties down the road.
Jeez I only made $2400 this year before taxes. Then again im 15.
Ok, so you guys don't pay taxes, because you want to save the world, not because you want to keep the money?
That's really nice of you ...
(No, wonder the USA is going to shit)
That's really nice of you ...
(No, wonder the USA is going to shit)
It's a lot easier to pay taxes now on the mined bitcoins from previous years when the bitcoins weren't worth much. It's only a few hundred dollars. Then, in the future, when cashing out the btc, I won't have to worry about questions like 'where did I get the btc' 'why didn't you report it'. etc. etc. I might never be audited or asked, but to me, it's so little that it makes me feel better. Like buying insurance for my laptop. I don't need to, but it makes me feel better.
A few hundred dollars is 'nothing' in the scheme of things. It all depends what a few hundred is worth to you. To me, it's less than 0.25% of my income, so I don't mind to feel safe. It's not worth it to risk a quarter of a percent on much larger hassles to fight the IRS or pay penalties down the road.
it's going to be entirely less funny when they do audit him and they have logs of him posting bragging about it on here and then he's trying to make an "oh I didn't know I had to do that" defense.
This post serves as an important reminder that even in a community like ours, there are still a great many obedient tax cows.
Some people just don't want the hassle. They'd rather pay their taxes than worry that they'll receive a letter from good ol' IRS. Not all of us are ready to save the world, you know.That's really nice of you ...
(No, wonder the USA is going to shit)
how would they know if you kept your money earned in Fiat after trading from bitcoins? Do they have access to the trading accounts?
Not directly, but when that $100K hits your bank account, your bank will definitely let the IRS know about it. If you were then audited, you need to have a provable explanation on where that money came from. With the IRS they don't have to prove you guilty, you have to prove you're innocent.
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