Renounce your citizenship.
To renounce US citizenship, you go to another country that will take you. Then go to a US consulate and tell them you want to renounce US citizenship. They have you watch a video, they warn you what you're giving up, you sign some forms, they take your passport, and show you out the door. You can no longer enter the US, except maybe on a tourist visa. 
Topic: Report my Bitcoin earnings to the IRS? No way! - page 2. (Read 8186 times)
I still find it frankly staggering that the IRS still believes it should be taxing people who emigrated, don't live in the US, never visit the US and have no intention of ever returning.
Equally staggering that such people cling on to their US citizenships, no?The thing is, should anything ever happen to that person - a kidnapping, for example, false imprisonment, civil unrest or war breaking out in a particular country - the very considerable weight and resources of the US government will mobilise to assist that person. A (paid for) benefit not to be scoffed at.
In any event, it's not all bad for ex-pats: there are various tax rules and exemptions that take into account taxes paid in other countries. In the UK, for example, income tax is higher than in the US, so there should be no US income tax to pay.
I never agreed to be a US citizen. Trying to tax me, just for being born here, even when I live in another country is straight extortion.
Renounce your citizenship.Besides the cost of $450, there is a ton of paperwork involved.
And that doesn't even guarantee success. Most people are denied any attempt to renounce their citizenship unless they are already a citizen of another country. I have a couple of friends that have tried to renounce their citizenship and failed.
It is easy to say "renounce your citizenship", but most people who say that have no idea of the difficulty involved. They are just spewing out words. They may as well say "move to mars".
The issue is becoming moot anyway. I have traveled internationally enough now that I feel safe in just disappearing in a foreign country whenever I am finally ready to do so.
It's not a "pro-tax" argument, it's a statement of fact: get caught and you will go to jail.
It comes down to a decision, resist injustice, or fund injustice.
This is a good point... The french revloution was a lot more than just writing letters and walking down the streets following the path the cops laid out for you. The seat of power is NEVER given up, ever.
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 whatsoever.
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 :-)
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 whatsoever.
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 :-)
You should get some other TLDs then, .com domains are frequently seized by the US.
They will see exactly $0.00 USD from me :-)
It's not a "pro-tax" argument, it's a statement of fact: get caught and you will go to jail.
It comes down to a decision, resist injustice, or fund injustice.
I just publicly declared that I didn't pay capital gains taxes and no one has been able to prove otherwise. The IRS, NSA, CIA...none of them have any idea what private keys I have access to.
Keep fear-mongering though, its all you have left.
Whats if ur bitcoins get stolen from wallet, what do u do then,
Well this is 'murica, lets hope other governments have a more positive attitude towards Bitcoin 
Fine, take a stand, but for as long as you are an American citizen, you necessarily accept there will be consequences if you choose not to pay your taxes and get caught.
If there were no consequences of resisting injustice, there would likely be no injustice.
The consequences of funding the state are far more serious. If you don't believe me, visit Fallujah, home of American Depleted Uranium, and enjoy the birth defects that your tax dollars helped create. If you are a US tax payer, you are paying the government to spy on you, and so on.
The state is the problem, not the solution.
I still find it frankly staggering that the IRS still believes it should be taxing people who emigrated, don't live in the US, never visit the US and have no intention of ever returning.
It's not a "pro-tax" argument, it's a statement of fact: get caught and you will go to jail.
It comes down to a decision, resist injustice, or fund injustice.
Just renounce your Citizenship like runam0k suggested and you will see, how life is, w/o a citizenship ...
http://www.cnbc.com/id/101406922
More and more people are doing it. The IRS is busy changing the rules to say that they can still come after you, even if you give up your citizenship and move to a more civilised country.
Have fun in jail!
It doesn't matter if you own a pizza palor, mine bitcoins, or sell drugs.
You always owe taxes!
Why don't you move to a country where there are no capital gains tax and no income tax.
As long as you live in the US or are an US citizen you will be breaking the law and the IRS will catch up with you.
It doesn't matter if you own a pizza palor, mine bitcoins, or sell drugs.
You always owe taxes!
Why don't you move to a country where there are no capital gains tax and no income tax.
As long as you live in the US or are an US citizen you will be breaking the law and the IRS will catch up with you.
I never agreed to be a US citizen. Trying to tax me, just for being born here, even when I live in another country is straight extortion.
I would move there if they would grant me citizenship for free!
and btw. Why would anybody give you citizenship for free?
Just renounce your Citizenship like runam0k suggested and you will see, how life is, w/o a citizenship ...
It's not a "pro-tax" argument, it's a statement of fact: get caught and you will go to jail.
It comes down to a decision, resist injustice, or fund injustice.
Seems like the pro-tax argument always amounts to the threat of being put in a cage. That's called "extortion". Taxes = Extortion. Get it?
It's not a "pro-tax" argument, it's a statement of fact: get caught and you will go to jail.The pro-tax argument would be that we, the people and citizenship of the US, collectively decided some time ago that each of us should contribute a small portion of our income and any capital gains to pay for the government and the services it performs.
I never agreed to be a US citizen. Trying to tax me, just for being born here, even when I live in another country is straight extortion.
Renounce your citizenship. Have fun in jail!
It doesn't matter if you own a pizza palor, mine bitcoins, or sell drugs.
You always owe taxes!
Why don't you move to a country where there are no capital gains tax and no income tax.
As long as you live in the US or are an US citizen you will be breaking the law and the IRS will catch up with you.
It doesn't matter if you own a pizza palor, mine bitcoins, or sell drugs.
You always owe taxes!
Why don't you move to a country where there are no capital gains tax and no income tax.
As long as you live in the US or are an US citizen you will be breaking the law and the IRS will catch up with you.
I never agreed to be a US citizen. Trying to tax me, just for being born here, even when I live in another country is straight extortion.
I would move there if they would grant me citizenship for free!
Have fun in jail!
It doesn't matter if you own a pizza palor, mine bitcoins, or sell drugs.
You always owe taxes!
Why don't you move to a country where there are no capital gains tax and no income tax.
As long as you live in the US or are an US citizen you will be breaking the law and the IRS will catch up with you.
It doesn't matter if you own a pizza palor, mine bitcoins, or sell drugs.
You always owe taxes!
Why don't you move to a country where there are no capital gains tax and no income tax.
As long as you live in the US or are an US citizen you will be breaking the law and the IRS will catch up with you.
I never agreed to be a US citizen. Trying to tax me, just for being born here, even when I live in another country is straight extortion.
Have fun in jail!
It doesn't matter if you own a pizza palor, mine bitcoins, or sell drugs.
You always owe taxes!
Why don't you move to a country where there are no capital gains tax and no income tax.
As long as you live in the US or are an US citizen you will be breaking the law and the IRS will catch up with you.
It doesn't matter if you own a pizza palor, mine bitcoins, or sell drugs.
You always owe taxes!
Why don't you move to a country where there are no capital gains tax and no income tax.
As long as you live in the US or are an US citizen you will be breaking the law and the IRS will catch up with you.
I never agreed to be a US citizen. Trying to tax me, just for being born here, even when I live in another country is straight extortion.
* Under $20,000 in billable transaction income
AND
* Have fewer than 200 billable transactions ...
Companies like PayPal don't even need to report a 1099?
Think about that.
You could have $20 million in billable income through paypal and if you have 199 transactions, no 1099.
It appears you're confused as to the meaning of the word "and", so let me help you. "And" means "both of the things". If you only have one of the things, but not the other, that's an "or" situation. Having $20 million in 199 transactions only satisfies the second condition, not the first. That's only one of the things, not both, so you're not meeting the requirements for "and". You need to have both less than $20,000 in transaction income and fewer than 200 transactions to be exempt from the reporting requirements.AND
* Have fewer than 200 billable transactions ...
Companies like PayPal don't even need to report a 1099?
Think about that.
You could have $20 million in billable income through paypal and if you have 199 transactions, no 1099.
For what is worth, he used "AND" correctly. However he misinterpreted it
Jump to: