You won't receive social security?
/devilsadvocate
/devilsadvocate
Most of us won't...that Ponzi scheme is unsustainable on its current course.
/reality
Topic: Things getting interesting once we past $100 - page 9. (Read 17617 times)
Most of us won't...that Ponzi scheme is unsustainable on its current course.
/reality
Check with a proper accountant. I pay 16% on BTC income which is not bad at all compared to the usual 60% we're forced to pay on other activities (eg. being employed in a company).
%60? I work in a company and I don't get taxed %60.. hell not even the highest tax brackets in the US get taxed %60.
Are you a slave?
Check with a proper accountant. I pay 16% on BTC income which is not bad at all compared to the usual 60% we're forced to pay on other activities (eg. being employed in a company).
%60? I work in a company and I don't get taxed %60.. hell not even the highest tax brackets in the US get taxed %60.
Are you a slave?
try to come to italy
60% is rather good here.
Check with a proper accountant. I pay 16% on BTC income which is not bad at all compared to the usual 60% we're forced to pay on other activities (eg. being employed in a company).
%60? I work in a company and I don't get taxed %60.. hell not even the highest tax brackets in the US get taxed %60.
Are you a slave?
try to come to italy
60% is rather good here.
See the FinCEN statement? If you use bitcoin to directly buy things, you don't need to pay anything 
How do I avoid uncle sam to stick its hand in my cookie jar and takes the tax share?
What if I don't report it?
What if I don't report it?
Face to face trades.
Of course, not paying your share into a system that you benefit from makes you a freeloader (or at the very least a leech).
I'm paying my share to the system I benefitted from, BTC that is. I didn't benefit from USD.
/devilsadvocate
Yes, I do... that's why I have a regular job that tax me %28 of my income so, the money that I invest in buying mining equipment or btc has already been taxed...
Check with a proper accountant. I pay 16% on BTC income which is not bad at all compared to the usual 60% we're forced to pay on other activities (eg. being employed in a company).
buy goods and service with bitcoin directly.
Agreed.
That's the cost of transferring your wealth into "uncle sam" system.
Use Bitcoin directly. Now is a good time for a real BTC debit card.
How do I avoid uncle sam to stick its hand in my cookie jar and takes the tax share?
What if I don't report it?
What if I don't report it?
Face to face trades.
Of course, not paying your share into a system that you benefit from makes you a freeloader (or at the very least a leech).
I'm paying my share to the system I benefitted from, BTC that is. I didn't benefit from USD.
/devilsadvocate
How do I avoid uncle sam to stick its hand in my cookie jar and takes the tax share?
What if I don't report it?
What if I don't report it?
Face to face trades.
Of course, not paying your share into a system that you benefit from makes you a freeloader (or at the very least a leech).
I'm paying my share to the system I benefitted from, BTC that is. I didn't benefit from USD.
Of course, not paying your share into a system that you benefit from makes you a freeloader (or at the very least a leech).
tax bankers first
How do I avoid uncle sam to stick its hand in my cookie jar and takes the tax share?
What if I don't report it?
What if I don't report it?
Face to face trades.
Of course, not paying your share into a system that you benefit from makes you a freeloader (or at the very least a leech).
buy goods and service with bitcoin directly.
So now that there's another "bubble" at full speed, I'm reaching a point where crossing $100 will mean that me as well as others are making some serious money (I'll leave up to you to define what serious money is)
My concern now is, what if i want to sell and withdraw the money to my US Bank Account.
How do I avoid uncle sam to stick its hand in my cookie jar and takes the tax share?
What if I don't report it?
What if I transfer small amounts ($1000 at a time ever week or so..)
Any accountants in the forum to help me do the laundry?
My concern now is, what if i want to sell and withdraw the money to my US Bank Account.
How do I avoid uncle sam to stick its hand in my cookie jar and takes the tax share?
What if I don't report it?
What if I transfer small amounts ($1000 at a time ever week or so..)
Any accountants in the forum to help me do the laundry?
Jump to: