THERE IS NO TAX and there NEVER be any Tax on Bitcoin - page 2.

LostDutchman

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Quote from: ijphlrnxewho on January 17, 2014, 03:22:23 PM

There is no Tax and there never be any Tax on Bitcoin. PERIOD.

One of Bitcoin famous rule is this:
No One can Tax Bitcoin

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Better take a look around there, Tom.

Your theory just got it right up the Strada Chocolata!

My $.02.

Wink

jc01480

hero member

Activity: 854

Merit: 500

Nope..

Hypothetically speaking, if fiat currency was re-directed to the BTC network, and thusly never reconverted, the idea of taxation becomes nil. Until that possibility arises, tax that a$$. (But the idea makes me smile.)

bridgesro

member

Activity: 84

Merit: 10

There's a central problem with this argument: the U.S. government taxes your income, not your money. That income doesn't have to be in the form on cash or cash equivalents: you could receive a car as a gift from someone and still have to pay tax on the value of the car.

Whether or not Bitcoin is considered money in the U.S. wouldn't really matter to the IRS, I would think. Not saying I agree with it, of course, but I would be careful about the tax treatment of your Bitcoins.

Of course, it's also like cash income: it's very hard for the IRS to prove you earned any.

EDIT: The IRS also has a very wide definition of "income", as evidenced by the gift example above.

LostDutchman

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Merit: 250

WWWarrior

newbie

Activity: 13

Merit: 0

Excuse me, aren't thete any taxes yet? I was thinking there's taxes for transactions

Qtera

member

Activity: 161

Merit: 14

Quote from: MWD64 on February 25, 2014, 09:52:08 PM

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I'm a straight-up Anarcho-Capitalist. Most people think my views are nutty. But this seems absolutely fugging insane bonkers to me:

Uhmm I thought the OP was supposedly to be sarcastic, at the same time he made a point with his statement. Wasn't he? Huh

uteroulin

newbie

Activity: 53

Merit: 0

how can anybody be sure that there won't be any taxes on bitcoins? If you look though the history of tax there were a lot of even weird taxes and so it's just the question of time how the government is going to get it's piece of pie from BTC

MWD64

sr. member

Activity: 476

Merit: 250

Quote from: Bigeyeone on March 16, 2014, 09:49:09 AM

Quote from: ijphlrnxewho on January 17, 2014, 03:22:23 PM

.....snip .....

If the Devil worshipers cult Illuminati send an IRS agent to your business to collect tax on Bitcoin, you have the right to shoot him in the face and burn his body because Illuminati members are now labeled as terrorist cells in America. That idiot IRS agent will most likely be labeled as "M.I.A." or "abducted by aliens".

That's just insane

+1

Bigeyeone

member

Activity: 112

Merit: 10

Quote from: ijphlrnxewho on January 17, 2014, 03:22:23 PM

.....snip .....

If the Devil worshipers cult Illuminati send an IRS agent to your business to collect tax on Bitcoin, you have the right to shoot him in the face and burn his body because Illuminati members are now labeled as terrorist cells in America. That idiot IRS agent will most likely be labeled as "M.I.A." or "abducted by aliens".

That's just insane

lost7

newbie

Activity: 42

Merit: 0

Pretty sure they'll take control of the exchange then add a tax.
Then we'll have to use shady exchanges and there will be a lots of drama.

Bigeyeone

member

Activity: 112

Merit: 10

Quote from: jadescorpio on March 01, 2014, 04:47:58 AM

Why are you so sure that businesses that accept Bitcoin never have to pay any Tax on it?

Im pretty sure that if you buy anything with bitcoin right now at overstock or tigerdirect they have to pay a sales tax on it

Bigeyeone

member

Activity: 112

Merit: 10

Death and Taxes

zero3112

hero member

Activity: 588

Merit: 500

What taxes will Mt. Gox owe now that they lost all their profits and money. Does Gox have any money to pay taxes?

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

Quote from: ijphlrnxewho on March 13, 2014, 11:06:47 PM

Judge freezes all of MtGox’s US assets, lets class-action suit continue
http://arstechnica.com/tech-policy/2014/03/judge-freezes-all-of-mtgoxs-us-assets-lets-class-action-suit-continue/

Just feel like adding a tech joke
Cops Freeze~~~!
Step away from the computer don't you DARE PRESS THAT SEND Button
Bitcoin sweatdrop scene lol

ijphlrnxewho

legendary

Activity: 1582

Merit: 1000

Judge freezes all of MtGox’s US assets, lets class-action suit continue
http://arstechnica.com/tech-policy/2014/03/judge-freezes-all-of-mtgoxs-us-assets-lets-class-action-suit-continue/

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

Taxes will occur on the exchanges themselves merchants will pay the taxes on transactions
Bitcoin taxes will be paid on the conversion but not the acquirement of them
Except for those who use large scale mining

jadescorpio

newbie

Activity: 28

Merit: 0

Why are you so sure that businesses that accept Bitcoin never have to pay any Tax on it?

ISAWHIM

hero member

Activity: 504

Merit: 500

What the hell are taxes?

I put tax on my teachers chair once... She screamed when she sat down.

cybershawrk

member

Activity: 70

Merit: 10

In a way there is a tax since every transaction takes a little bit of money in turn for sending the funds through.

makiyo_love

newbie

Activity: 13

Merit: 0

but what would be the point of a centralised decentralised currency? It's pointless.

Topic: THERE IS NO TAX and there NEVER be any Tax on Bitcoin - page 2. (Read 5573 times)