Author

Topic: Report my Bitcoin earnings to the IRS? No way! (Read 1423 times)

full member
Activity: 168
Merit: 100
Just my 2 cents..

If you don't play by the rules, then you don't get to claim the losses (which many people who came on-board with the 1k amount have suffered)

Me personally, i'm not going to worry about it unless btcguild starts sending me a 1099.

As a side note, just cause I post a sign that says trespassers will be shot on sight, doesn't mean I can commit homicide legally Smiley
newbie
Activity: 1
Merit: 0
oh great for your experience.
sr. member
Activity: 476
Merit: 250
It is quite ridiculous for this to happen. No way should the IRS be involved in this decentralized bank.

Too late, Boys and Girls!

What is done is done!

Now the only thing that can be done is to seek out ways to minimise the tax bite!

My $.02.

Wink
There is something that can be done we have a VOLUNTARY CHOICE they can't make anyone file nor enforce it. We have  a choice like Joe Bannister who was found NOT GUILTY in a court of law for not filing on all these so called BS laws that don't exist proof of the LIE is his innocence. If there was only 1 thing to do? he would of been found guilty end of story you should really learn to read ;)But you probably have no idea who he is? He was a former IRS criminal investigation special agent and as a Agent he searched for the LAW that he was working under that supposedly gave him power? And you know what? He found out it DOESN"T EXIST!!! and QUIT His JOB working for the IRS! and then  refused to file!They took him to court and You know what happened when they brought him to court? HE WON !LOOK IT UP! Then try to explain why he was found not guilty for not filing if these laws were true Wink

2005: Joseph Banister, former IRS Criminal Investigation Division Special Agent was charged as follows: Alleged violation of 18 U.S.C. § 371- Conspiracy; 18 U.S.C. § 287 - False Claims Against United States (Two counts); 26 U.S.C. § 7206(1) - Filing False Tax Returns; 26 U.S.C. § 7206(2) - Aiding and Assisting the Filing of False Tax Returns (Three Counts); 26 U.S.C. § 7202 - Willful Failure to Withhold and Pay Taxes (10 Counts). . The feds wanted Joe bad, but a jury of 12 acquitted him on all charges. His legal team was Jeff Dickstein and Bob Bernhoft. State of California.
 

OK, you go for it!

In the meantime, I will play by the rules they made, profit and pay little tax using other rules that they made and keep them off my ass.

Have a nice day!

My $.02.

Wink
full member
Activity: 122
Merit: 100
I Quantum Leap to different worlds when I sleep...
It is quite ridiculous for this to happen. No way should the IRS be involved in this decentralized bank.

Too late, Boys and Girls!

What is done is done!

Now the only thing that can be done is to seek out ways to minimise the tax bite!

My $.02.

Wink
There is something that can be done we have a VOLUNTARY CHOICE they can't make anyone file nor enforce it. We have  a choice like Joe Bannister who was found NOT GUILTY in a court of law for not filing on all these so called BS laws that don't exist proof of the LIE is his innocence. If there was only 1 thing to do? he would of been found guilty end of story you should really learn to read ;)But you probably have no idea who he is? He was a former IRS criminal investigation special agent and as a Agent he searched for the LAW that he was working under that supposedly gave him power? And you know what? He found out it DOESN"T EXIST!!! and QUIT His JOB working for the IRS! and then  refused to file!They took him to court and You know what happened when they brought him to court? HE WON !LOOK IT UP! Then try to explain why he was found not guilty for not filing if these laws were true Wink

2005: Joseph Banister, former IRS Criminal Investigation Division Special Agent was charged as follows: Alleged violation of 18 U.S.C. § 371- Conspiracy; 18 U.S.C. § 287 - False Claims Against United States (Two counts); 26 U.S.C. § 7206(1) - Filing False Tax Returns; 26 U.S.C. § 7206(2) - Aiding and Assisting the Filing of False Tax Returns (Three Counts); 26 U.S.C. § 7202 - Willful Failure to Withhold and Pay Taxes (10 Counts). . The feds wanted Joe bad, but a jury of 12 acquitted him on all charges. His legal team was Jeff Dickstein and Bob Bernhoft. State of California.
 
sr. member
Activity: 476
Merit: 250
It is quite ridiculous for this to happen. No way should the IRS be involved in this decentralized bank.

Too late, Boys and Girls!

What is done is done!

Now the only thing that can be done is to seek out ways to minimise the tax bite!

My $.02.

Wink
legendary
Activity: 2828
Merit: 1515
It is quite ridiculous for this to happen. No way should the IRS be involved in this decentralized bank.
full member
Activity: 122
Merit: 100
I Quantum Leap to different worlds when I sleep...
 Now don't get me wrong that they won't try to prosecute on laws that don't exist!BUT WE CAN WIN AND PEOPLE HAVE! even though  they have  no right! But We as people NEED TO STAND TALL and SHEEPLE need to stop taking it up the arse Wink
The Premise

The federal government rests its authority to collect income tax on the 16th Amendment to the U.S. Constitution—the federal income tax amendment—which was allegedly ratified in 1913.

"The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration."

—The 16th Amendment to the Constitution of the United States of America

After an extensive year-long nationwide research project, William J. Benson discovered that the 16th Amendment was not ratified by the requisite three-fourths of the states and that nevertheless Secretary of State Philander Knox had fraudulently declared ratification.

It was a shocking revelation; it reached deep to the core of our American system of government.

The Discovery

Article V of the U.S. Constitution defines the ratification process and requires three-fourths of the states to ratify any amendment proposed by Congress. There were fourty-eight states in the American Union in 1913, meaning that affirmative action of thirty-six was necessary for ratification. In February 1913, Secretary of State Philander Knox proclaimed that thirty-eight had ratified the Amendment.

In 1984 Bill Benson began a research project, never before performed, to investigate the process of ratification of the 16th Amendment. After traveling to the capitols of the New England states and reviewing the journals of the state legislative bodies, he saw that many states had not ratified. He continued his research at the National Archives in Washington, D.C.; it was here that Bill found his Golden Key.

This damning piece of evidence is a sixteen-page memorandum from the Solicitor of the Department of State, among whose duties is the provision of legal opinions for the Secretary of State. In this memorandum, the Solicitor lists the many errors he found in the ratification process.

These four states are among the thirty-eight from which Philander Knox claimed ratification:

    California: The legislature never recorded any vote on any proposal to adopt the amendment proposed by Congress.
    Kentucky: The Senate voted on the resolution, but rejected it by a vote of nine in favor and twenty-two opposed.
    Minnesota: The State sent nothing to the Secretary of State in Washington.
    Oklahoma: The Senate amended the language of the 16th Amendment to have a precisely opposite meaning.

Bill Benson Bill would like to thank those who've contributed or shown support in the fight against fraudulent taxation. Click here to help.

When his project was finished at the end of 1984, Bill had visited the capitol of every state from 1913 and knew that not a single one had actually and legally ratified the proposal to amend the U.S. Constitution. Thirty-three states engaged in the unauthorized activity of altering the language of an amendment proposed by Congress, a power that the states do not possess.

Since thirty-six states were needed for ratification, the failure of thirteen to ratify was fatal to the Amendment. This occurs within the major (first three) defects tabulated in Defects in Ratification of the 16th Amendment. Even if we were to ignore defects of spelling, capitalization and punctuation, we would still have only two states which successfully ratified.

it was never ratified  and still lets say for shits and giggles it was ratified still only "CONGRESS HAS THE POWER " the IRS ain't Congress! nor has been giving any power by Congress or Directed by Congress WAKE UP WHITE PEOPLE Tongue

For the sake of argument, let's say the Sixteenth Amendment was actually ratified. What have the courts said on its meaning? Jeff Dickstein, a constitutional attorney with decades of experience in the federal court rooms and expert on this issue, can tell you:

"In 1894 Congress passed an income tax act very similar to the current income tax law. That law was challenged on the basis that a tax on income is a direct tax, the United States Constitution requires direct taxes to be apportioned, and the act passed by Congress was not apportioned. The United States Supreme Court agreed and held the income tax act was unconstitutional in Pollock v. Farmer's Loan & Trust Co., 157 U.S. 429, aff. reh., 158 U.S. 601 (1895)." Ah, but what about Brushaber v. Union Pacific Railroad Co., 240 U.S. 1 (1916) and Eisner v. Macomber, 252 U.S. 189 (1920), both U.S. Supreme Court cases? Jeff gives you a complete overview here and unless one is willing to take the time to research this issue, they will continue to believe a lie. This comprehensive and easy to understand explanation of what the courts have said is crucial. The bottom line as Jeff says is this:

"Whether you agree with Brushaber that the tax is an excise tax that doesn't have to be apportioned, or agree with Eisner that the tax is a direct tax that doesn't have to be apportioned, without the 16th Amendment, the law reverts back to Pollock. The serious student will find my book, Judicial Tyranny and Your Income Tax, an in depth study of the history of the income tax, with two chapters devoted to the issue of direct and indirect taxes, and an extensive analysis of the Pollock and Brushaber cases."

As the courts have been divided on this law and can't make up their mind, how can any American be charged and convicted for violating this so called law? It's called 'uncertainty of the law' and this is what constitutional attorney, Larry Becraft, with about 30 years experience in federal court rooms has to say:

"Under the U.S. Constitution, the Congress is authorized to impose two different types of taxes, direct and indirect. Via Art. 1, §8, cl. 1, of the Constitution, indirect taxes (excises, duties and imposts) must be uniformly imposed throughout the country. Direct taxes are required via Art. 1, §2, cl. 3, and Art. 1, §9, cl. 4, to be imposed pursuant to the regulation of apportionment. These tax categories are mutually exclusive and any given tax must squarely fit within one category or the other. To which constitutional category does the federal income tax belong? Is it a direct tax, or is it an indirect tax? Do American courts speak with unanimity about this simple question of what is the nature of this tax?









here is fun FACT COURT CASES of them LOSING because they don't have it! Wink
 1993, Lloyd Long was charged with willful failure to file and he was acquitted by a jury of his peers. Larry Becraft was his attorney. State of Tennessee.

2007: Tommy Cryer, attorney at law; State of Louisiana. Charged with two counts of willful failure to file. Larry Becraft was his attorney. A jury unanimously found him not guilty.

2003: Vernie Kuglin, a former FED-EX pilot was acquitted on six counts of tax evasion. Her attorneys were Larry Becraft and Bob Bernhoft. State of Tennessee.

2005: Joseph Banister, former IRS Criminal Investigation Division Special Agent was charged as follows: Alleged violation of 18 U.S.C. § 371- Conspiracy; 18 U.S.C. § 287 - False Claims Against United States (Two counts); 26 U.S.C. § 7206(1) - Filing False Tax Returns; 26 U.S.C. § 7206(2) - Aiding and Assisting the Filing of False Tax Returns (Three Counts); 26 U.S.C. § 7202 - Willful Failure to Withhold and Pay Taxes (10 Counts). The indictment contains several bald faced lies that I personally know to be false. The feds wanted Joe bad, but a jury of 12 acquitted him on all charges. His legal team was Jeff Dickstein and Bob Bernhoft. State of California.

IRS Loses: DoJ and IRS fraud

In Jerry Dixon v. CIR, F.3d (9th Cir. 2003), the court found that DoJ and IRS committed fraud on the court in a tax case.



IRS Loses: Unrecorded deed beats IRS

A couple deeded real estate to their son shortly before the IRS tried to put a lien on the real estate to collect their past-due taxes. The IRS argued that the deed was invalid because it had not been recorded in the county courthouse as the law required.

Court:
A deed is recorded to give notice to third parties of a property's status. But because an IRS agent who had been dealing with the couple had been aware of the transaction, such notice was not required for the IRS. Thus, the deed was effective. Because it conveyed the property before the IRS issued the tax liens, the property escapes the liens.

Arthur D. Dalessandro, M.D. Pa., No. 3 :CV-93-00105



IRS Loses: Fifth Amendment rights preserved


The IRS selected John Berry for a random audit, but he refused to comply, invoking his Fifth Amendment right against self-incrimination. The IRS then summoned all of Berry's tax records.

District Court:
The summons against Berry was invalid because the IRS didn't know that the summoned records existed. Forcing Berry to produce records would in effect make him testify against himself by admitting that the records did exist.




IRS Loses: Under-reporting income isn't fraud

John Maloney knowingly understated his income for a year. The IRS said this was fraud, so it could asses back taxes even though the status of limitations otherwise would have expired for the year.

Tax Court:
While Maloney had under-reported his income for the year, he believed this merely offset the amount by which he had over-reported his income the prior year. He also kept good books and records, gave all necessary information to his accountant and cooperated with the IRS. None of this indicated and intent to evade tax—so there was no fraud and the limitations period did protect his return.


IRS Loses: Occasional inventor doesn't owe self-employment tax

Melvin Levinson operated a retail store for more than 40 years and in his spare time created and patented various inventions. On his tax return, he reported royalty income from patents and settlement payments he received from a business that had infringed his patents. The IRS imposed self-employment tax on his invention related income.

Tax Court:
Levinson did not design inventions regularly or continuously, but only sporadically. Thus, he was not engaged in the "trade or business" of inventing and does not owe self-employment tax on his invention-related income.
sr. member
Activity: 476
Merit: 250
The 16th amendment is unconstitutional.  That is likely why it was never ratified. Google "The law that never was".

There are people that say the 16th Amendment is invalid for various reasons, but since it modifies the constitution, it can't be "unconstitutional".

That's why such documents are called "Amedments".

My $.02.

Wink
hero member
Activity: 632
Merit: 500
The 16th amendment is unconstitutional.  That is likely why it was never ratified. Google "The law that never was".

There are people that say the 16th Amendment is invalid for various reasons, but since it modifies the constitution, it can't be "unconstitutional".

Unless they modify the prior articles that make it unconstitutional (which they did not) then it still remains unconstitutional.

full member
Activity: 122
Merit: 100
I Quantum Leap to different worlds when I sleep...
I hear you Wink filing a tax return is completely voluntary people need to WAKE UP! There is not 1 single Law that requires you to FILE ONE and be a slave! and the IRS DOES NOT HAVE THE POWER TO MAKE LAW and there is no DECLARATION that gives them that POWER SIGNED by Congress  nor  THE PEOPLE!!! That is why it is called a RULING not a LAW which is completely unenforceable ! Which means power Ruling of nothing given by NOBODY but themselves......... IF it was so ? Then they would show us THE LAW DECLARING BITCOIN PROPERTY as it doesn't exist!! The IRS just said BITCH JUMP! and those that FILE said" HOW HIGH? Anyone DUMB enough to file? be prepared to be AUDITED and BLACKBOOKED for Life you think they will just except these filings? you are going to be looked at  like a Terrorist! for helping to compete against the dollar ! a threat to this country!
 The IRS works for the FEDERAL RESERVE not the U.s Government to pay off the DEBT of PRINTED MONEY!Its a conflict of interest! THe FEDS have no JURISDICTion on BITCOIN so Neither DOES THE IRS!

I take it that you are not familiar with a document known as The Consititution of The United States of America, specifically the Sixteenth Amendment, hereafter printed out for you:

U.S. Constitution
16th Amendment
Amendment XVI

"The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several states, and without regard to any census or enumeration."

http://www.law.cornell.edu/constitution/amendmentxvi

My $.02.

Wink

http://www.law.cornell.edu/constitution/amendmentxvi
read your own words Wink Congress shall have the power not The IRS  who works for the Federal reserve a PRIVATE BANK!  a LAW HAS TO GO THROUGH THE HOUSE OF REPRESENTATIVES THEN PASSED ONTO CONGRESS AND  THEN SIGNED INTO LaW by the States! The IRS has no POWER TO MAKE LAW! Nor have they been giving the power by Congress! Where is the Law saying IRS can just make LAWS that supersede the Constitution? As it is a direct violation of our 5th amendment Rights Grin There is No such LAW declaring BITCOIN PROPERTY Nor have they been Giving THE POWER to just make LAW on a whim! You haven't shown any Law that gives The IRS that power or requires anyone to fill out a income Tax report even with your  non ratified amendment sixteen as it only applies to Congress and the IRS is not CONGRESS how could you misread that?Roll Eyes Even  THe IRS TELLS YOU it's completely Voluntary! just watch and listen as the HEAD DIRECTOR TELLS YOU  Wink Sorry i know it might be hard to believe and accept it but you have been BAMBOOZLED
 https://www.youtube.com/watch?v=XNICz9CZOgw and the likes of people who really know like Former Irs agent  JOHN BANISTER  who was sued and Won his Legal case against the Irs I might add of not having to pay as they could not prove The Law or Statute https://www.youtube.com/watch?v=HHP_doQ7jXI or Sheryl peel Jackson former IRS Fraud investigator https://www.youtube.com/watch?v=btJtIImmGfw or another former Irs agent John Turner who quit the Irs to challenge these Laws that don't exist https://www.youtube.com/watch?v=4vrtmBNTPHI
 If people never sell their bitcoin for a U.S dollar they have no authority over you! They only have authority over THE DEBT that is Labeled as FIAT MONEY! Dollars are not Money they are DEBT NOTES that you owe The Fed just read your dollar bills it's written on it and tells you......... and the irs collects on behave of the fed to pay The Debt that was created to enslave you. The fed has already stated they have no jurisdiction over Bitcoin and the irs is a extension of of the fed so in turn they have no jurisdiction! That is why it is called a RULING a RULINg[/b is not LAW as you said" CONGRESS CAN ONLY MAKE LAWS] Even THE PRESIDENT can't make LAW.Just look at OBOMACARE it had to go through THE HOUSE OF REPRESENTATIVES and be VOTED on then VOTED BY CONGRESS to BECOME WRITTEN LAW! Nobody can just make Laws out of thin air and that's why you will never hear them say LAW! just a BS RULING with no basis or written LAW to back it up.....
 These criminals don't care about the Law and rely on peoples stupidity and fear tactics of what they can do to you?They only have power if you give it to them like file a tax return as your agreeing by filing one that they have that power and by filing one you just gave them that right ;)the People who end up getting charged with tax fraud is because they actually foolish enough to  file one not because they didn't........... When you sell your bitcoin for Dollars these are the people that will have to actually worry the most because you accepted and bought THE Worthless DEBT as legal tender as soon as they took CASH for Bitcoin Wink So never sell your Bitcoin for FIAt your just asking for it then and giving them something to stand on even though it's Illegal  for them to do so! they don't care about the law and never have......

The 16th amendment is null and void as it was never ratified anyone who can google can figure that one out https://www.thelawthatneverwas.com/ just my Bitcoins worth$  Wink
legendary
Activity: 4466
Merit: 3391
The 16th amendment is unconstitutional.  That is likely why it was never ratified. Google "The law that never was".

There are people that say the 16th Amendment is invalid for various reasons, but since it modifies the constitution, it can't be "unconstitutional".
full member
Activity: 222
Merit: 102
These are my people in this thread haha.  All aware of their rights and injustices thruster upon by the feds year after year!

I love your avatar - Wilfred rocks!
hero member
Activity: 632
Merit: 500
I hear you Wink filing a tax return is completely voluntary people need to WAKE UP! There is not 1 single Law that requires you to FILE ONE and be a slave! and the IRS DOES NOT HAVE THE POWER TO MAKE LAW and there is no DECLARATION that gives them that POWER SIGNED by Congress  nor  THE PEOPLE!!! That is why it is called a RULING not a LAW which is completely unenforceable ! Which means power Ruling of nothing given by NOBODY but themselves......... IF it was so ? Then they would show us THE LAW DECLARING BITCOIN PROPERTY as it doesn't exist!! The IRS just said BITCH JUMP! and those that FILE said" HOW HIGH? Anyone DUMB enough to file? be prepared to be AUDITED and BLACKBOOKED for Life you think they will just except these filings? you are going to be looked at  like a Terrorist! for helping to compete against the dollar ! a threat to this country!
 The IRS works for the FEDERAL RESERVE not the U.s Government to pay off the DEBT of PRINTED MONEY!Its a conflict of interest! THe FEDS have no JURISDICTion on BITCOIN so Neither DOES THE IRS!

I take it that you are not familiar with a document known as The Consititution of The United States of America, specifically the Sixteenth Amendment, hereafter printed out for you:

U.S. Constitution
16th Amendment
Amendment XVI

"The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several states, and without regard to any census or enumeration."

http://www.law.cornell.edu/constitution/amendmentxvi

My $.02.

Wink

http://www.law.cornell.edu/constitution/amendmentxvi


Perhaps you should read what came before that amendment...

U.S. Constitution, Article I , § 2:
Representatives and direct Taxes shall be apportioned among the several States which may be included within this Union, according to their respective Numbers . . .

U.S. Constitution, Article I , § 8:
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defense and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States[.]

U.S. Constitution, Article I , § 9:
No Capitation, or other direct, Tax shall be laid, unless in Proportion to the Census or enumeration herein before directed to be taken.


The 16th amendment is unconstitutional.  That is likely why it was never ratified. Google "The law that never was".

Also, for those who have an intellect...

It was passed the very same year as the Federal Reserve act.  Which is in direct violation of the Constitution.  Only congress shall have power to mint coin & govern the value thereof... not a private bank.

Both passed under very dubious circumstances.  Both unconstitutional.  Both designed to enrich the banksters at the expense of all of us.

Both should be ignored by any patriotic American.

And with crypto currencies, it's finally practical to do just that.










sr. member
Activity: 476
Merit: 250
I hear you Wink filing a tax return is completely voluntary people need to WAKE UP! There is not 1 single Law that requires you to FILE ONE and be a slave! and the IRS DOES NOT HAVE THE POWER TO MAKE LAW and there is no DECLARATION that gives them that POWER SIGNED by Congress  nor  THE PEOPLE!!! That is why it is called a RULING not a LAW which is completely unenforceable ! Which means power Ruling of nothing given by NOBODY but themselves......... IF it was so ? Then they would show us THE LAW DECLARING BITCOIN PROPERTY as it doesn't exist!! The IRS just said BITCH JUMP! and those that FILE said" HOW HIGH? Anyone DUMB enough to file? be prepared to be AUDITED and BLACKBOOKED for Life you think they will just except these filings? you are going to be looked at  like a Terrorist! for helping to compete against the dollar ! a threat to this country!
 The IRS works for the FEDERAL RESERVE not the U.s Government to pay off the DEBT of PRINTED MONEY!Its a conflict of interest! THe FEDS have no JURISDICTion on BITCOIN so Neither DOES THE IRS!

I take it that you are not familiar with a document known as The Consititution of The United States of America, specifically the Sixteenth Amendment, hereafter printed out for you:

U.S. Constitution
16th Amendment
Amendment XVI

"The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several states, and without regard to any census or enumeration."

http://www.law.cornell.edu/constitution/amendmentxvi

My $.02.

Wink

http://www.law.cornell.edu/constitution/amendmentxvi
sr. member
Activity: 358
Merit: 255
If you have ever filed a return in the past you have voluntarily entered into an agreement with them to pay tax.
hero member
Activity: 798
Merit: 500
Time is on our side, yes it is!
These are my people in this thread haha.  All aware of their rights and injustices thruster upon by the feds year after year!
full member
Activity: 122
Merit: 100
I Quantum Leap to different worlds when I sleep...
I hear you Wink filing a tax return is completely voluntary people need to WAKE UP! There is not 1 single Law that requires you to FILE ONE and be a slave! and the IRS DOES NOT HAVE THE POWER TO MAKE LAW and there is no DECLARATION that gives them that POWER SIGNED by Congress  nor  THE PEOPLE!!! That is why it is called a RULING not a LAW which is completely unenforceable ! Which means power Ruling of nothing given by NOBODY but themselves......... IF it was so ? Then they would show us THE LAW DECLARING BITCOIN PROPERTY as it doesn't exist!! The IRS just said BITCH JUMP! and those that FILE said" HOW HIGH? Anyone DUMB enough to file? be prepared to be AUDITED and BLACKBOOKED for Life you think they will just except these filings? you are going to be looked at  like a Terrorist! for helping to compete against the dollar ! a threat to this country!
 The IRS works for the FEDERAL RESERVE not the U.s Government to pay off the DEBT of PRINTED MONEY!Its a conflict of interest! THe FEDS have no JURISDICTion on BITCOIN so Neither DOES THE IRS!
hero member
Activity: 490
Merit: 500
Amen!
hero member
Activity: 560
Merit: 500
★777Coin.com★ Fun BTC Casino!
With tax day fast approaching in the United States, the subject of Bitcoin and taxation has been all over the news lately.

Over the past several years, Bitcoin miners, investors and startups have enjoyed a huge financial boon from the Bitcoin price explosion.  As Bitcoiners, are we required to cough up real money to the IRS?

According to the US Government, we owe the IRS some cash.  Profits from Bitcoin mining are taxable and profits from Bitcoin investments fall under the capital gains tax.  Yes, we owe the government money. But should we pay?

No, I don't think so.

The power to tax is the power to destroy.  The Federal Reserve banking cartel understands the danger of Bitcoin eventually eclipsing fiat currency.  They are, frankly, terrified.  The US hasn't banned Bitcoin because it is not yet in mainstream usage.  Stores don't accept Bitcoin. Most people don't own Bitcoin.  Bitcoin might have entered the public lexicon, but it hasn't entered the public wallet.  At least not yet.

But the IRS and the Federal Reserve would love to establish a precedent of taxation for Bitcoin.  Should they eventually feel threatened enough to severely restrict it, they could easily tax Bitcoin into oblivion. 

Already the government is seeking to regulate Bitcoin as a monetary instrument, hence the recent arrests of LocalBitcoin exchangers in Florida and the indictment of Charlie Shrem.  By regulating Bitcoin, they ensure that the large Bitcoin companies (CoinBase, etc) will enjoy a monopoly, becoming extremely vulnerable to government regulation and taxation. Small players will be forced out of business and new players will have a hard time getting into the game.  This has always been the model for banking in the United States and they are applying the same restrictive template to Bitcoin. 

The government doesn't need to ban Bitcoin. All they need to do is impose taxes and regulation sufficient to keep the big Bitcoin companies on top, and the little guys out of the game.

My name is Dr. Michael Moriarty, and I own the Bitcoin Network of 50+ Bitcoin related sites, including https://BitPlastic.com, https://CoinChimp.com, https://BitLaunder.com and many more.  We are not going to pay 1 cent to the IRS or any other government agency.  Nor do we verify the identity of our customers.  Nor do we report our customer's financial transactions to any government agency.

The beauty of Bitcoin is that the average person can use it to escape from the fiat currency ponzi scheme that characterizes our modern banking system.  By reporting your Bitcoin earnings to the IRS, you are implicitly embracing their financial scam and becoming part of it.

Beverely Rubik says 'you can recognize a pioneer by the arrows in his back.'  Maybe the IRS will put some arrows in my back, but they will have to find me first :-)
Jump to: