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Topic: IRS is going to tax Bitcoin - page 2. (Read 2623 times)

legendary
Activity: 1344
Merit: 1001
March 26, 2014, 01:20:02 PM
#11
They always want to tax everything to squeeze the money from us like water from the sponge.
So in opposition to tax everything -> we should DECENTRALIZE EVERYTHING!

We already have some good ideas existing and developing like:

- cryptocoins of course

- Namecoin with its decentralized domain names (.bit)

- http://twister.net.co/ fully decentralized P2P microblogging platform

- BitTorrent is working on decentralized web browser - BitTorrent Sync/SyncNet can view it peer-to-peer without the need to access a traditional server-based website.
  http://torrentfreak.com/bittorrent-sync-used-to-create-decentralized-web-browser-140204/


And probably few more I didn't remember right now or don't even know about.
sr. member
Activity: 364
Merit: 250
March 26, 2014, 01:17:59 PM
#10
Thanks to Mtgox,many people lost bitcoins,that is why IRS are trying to find ways to tax it,and government to control it,but from talking to actually doing it is a long way.I don't think IRS will find the legal way to tax it..........but lets see.
member
Activity: 86
Merit: 10
March 26, 2014, 12:59:05 PM
#9
But I think them had to start with at least something.. Maybe big investors are smelling bug money and they started to lobby legalization of bitcoin. It is better than been accused of money laundering or something like that. I think they will loose the requirement to pay capital gain taxes on day-to-day purchases as well as taxing amateur miners. We'll see.
sr. member
Activity: 364
Merit: 250
American1973
March 26, 2014, 12:29:43 PM
#8
The IRS is a piece of shit, fully non-Constitutional, run from the UK/Zio everlasting debt cadre of lawyers, the scum of the Earth.  The 16th Amendment should be destroyed forever, along with the Non-American Internal Revenue Service and the BAR association, which should be broken up and its members made to spend the rest of their lives in labor camps doing real work like digging.
hero member
Activity: 910
Merit: 530
$5 24k Gold FREE 4 sign-up! Mene.com/invite/h5ZRRP
March 26, 2014, 10:44:37 AM
#7
Fuck paying taxes on my BTC transactions.
hero member
Activity: 546
Merit: 500
Carpe Diem
March 26, 2014, 10:32:27 AM
#6
Wow this is ridiculous.  Now I guess people on localbitcoins, etc. will have to record every single cost basis and sale they've made?  What if they mined coins and then sold them?  I guess they'd want to put their expenses incurred while mining in the cost basis.
newbie
Activity: 59
Merit: 0
March 26, 2014, 12:37:02 AM
#5
Any Tax Lawyers on here that sees this please give me a call..... i have 6 digit/year income from online gambling and now some BTC exposure.

The IRS definitely wants to go after me imo even though ive had a professional tax preparer since 2006....

Seriously i wish i wasnt a USA citizen ......... this is so ridiculous and an infringement upon our freedom, too bad the rest of the dumb ass USA herd dont even know what is about to happen to them/their value bits
newbie
Activity: 59
Merit: 0
March 26, 2014, 12:35:02 AM
#4
God i hate my mother for bringing me to this NWO USA land, its the heaviest tax on its slaves by far
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
March 25, 2014, 07:23:25 PM
#3
So will Charlie Shrem be fine then? He sold property, much like a realtor.

Same with the Florida guys

US Bureaucrats are a hoot ...

So Charlie Shrem wasn't money laundering he was property laundering?    Huh
Yes, US Bureaucrats are a hoot and more.
legendary
Activity: 1372
Merit: 1014
March 25, 2014, 05:53:18 PM
#2
So will Charlie Shrem be fine then? He sold property, much like a realtor.

Same with the Florida guys

US Bureaucrats are a hoot ...
newbie
Activity: 3
Merit: 0
March 25, 2014, 05:19:57 PM
#1
Hi,

Well, Bitcoin has gained a bit more status, the IRS considers it like trading in property. 

CNN:  "The Internal Revenue Service has issued a formal notice saying it can tax Bitcoin transactions, calling it a property -- not a currency."


IRS Notice 2014-21: 

cya,
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