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Topic: What happens if Satoshi has to pay taxes? - page 2. (Read 2608 times)

hero member
Activity: 588
Merit: 500
September 14, 2014, 04:20:42 PM
#23
Why do we entertain this sort of nonsense?

The end game of this forum began when they removed the newbie restrictions and stopped moderating out garbage posts and banning shills/FUD's/manipulators etc.

Basically all the intelligent conversation and posters have moved over to the other forum now.
I still come here daily to check up in case there was a rare interesting post....usually by the time I leave I need a beer just to wash away the painful stupidity.

"the other forum?" am i just being a dolt, or did i miss the part about what the other forum is? Smiley

Cryptocrypt....it is invitation only though.

If you are an intelligent experienced crypto enthusiast with something constructive to add, or a means to help build the community you can get an invite easy enough. If you are one of the multitude of assholes here that have nothing better than to be destructive and negative, and have nothing intelligent to add to the conversations...well those people already know who they are so they shouldn't bother trying.




member
Activity: 68
Merit: 10
September 14, 2014, 03:31:54 PM
#22
He could buy his own island and move there to avoid taxes.
legendary
Activity: 1176
Merit: 1010
Borsche
September 14, 2014, 01:23:29 PM
#21
You might want to double check that. Bitcoin is treated as a currency in quite a couple of countries.

Any of those countries also do have US IRS? Right, they do not. If Satoshi is a very unlucky person to live in such an imaginary country where both bitcoin is treated as a currency and tax laws are as idiotic as in US, then well, he could easily move, paying well under a million dollars for a citizenship of one of numerous tax haven countries. Problem solved.
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
September 14, 2014, 01:04:10 PM
#20
Why do we entertain this sort of nonsense?

The end game of this forum began when they removed the newbie restrictions and stopped moderating out garbage posts and banning shills/FUD's/manipulators etc.

Basically all the intelligent conversation and posters have moved over to the other forum now.
I still come here daily to check up in case there was a rare interesting post....usually by the time I leave I need a beer just to wash away the painful stupidity.

"the other forum?" am i just being a dolt, or did i miss the part about what the other forum is? Smiley

there is only one forum mentioned on bitcoin.org beside reddit:

https://bitcoin.org/en/community
legendary
Activity: 2338
Merit: 1035
September 14, 2014, 01:02:07 PM
#19
From experience, you don't pay taxes on virtual unrealized gains.

/thread

What happens if/when it officially becomes a currency though? Still no need to tax?
hero member
Activity: 658
Merit: 500
September 14, 2014, 01:00:25 PM
#18
Why do we entertain this sort of nonsense?

The end game of this forum began when they removed the newbie restrictions and stopped moderating out garbage posts and banning shills/FUD's/manipulators etc.

Basically all the intelligent conversation and posters have moved over to the other forum now.
I still come here daily to check up in case there was a rare interesting post....usually by the time I leave I need a beer just to wash away the painful stupidity.

"the other forum?" am i just being a dolt, or did i miss the part about what the other forum is? Smiley
hero member
Activity: 588
Merit: 500
September 14, 2014, 12:43:32 PM
#17
Why do we entertain this sort of nonsense?

The end game of this forum began when they removed the newbie restrictions and stopped moderating out garbage posts and banning shills/FUD's/manipulators etc.

Basically all the intelligent conversation and posters have moved over to the other forum now.
I still come here daily to check up in case there was a rare interesting post....usually by the time I leave I need a beer just to wash away the painful stupidity.



legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
September 14, 2014, 11:45:42 AM
#16
Chuck Norris is Satoshi. any questions?
legendary
Activity: 1834
Merit: 1009
September 14, 2014, 11:42:35 AM
#15
He just withdraw enough to buy a nationality from denmark then sell all he wants there. Or ir other place where Bitcoin is tax free. Or maybe open some business there and them donate the coins for that business, and make them withdraw in his name.

Problem solved, beatch
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
September 14, 2014, 11:38:25 AM
#14
Satoshi isn't a real person but an imaginary one, so he can't pay taxes.

Hey, don't confuse the issue with facts.  Cheesy
newbie
Activity: 42
Merit: 0
September 14, 2014, 11:29:56 AM
#13
Satoshi isn't a real person but an imaginary one, so he can't pay taxes.
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
September 14, 2014, 11:25:48 AM
#12
Why do we entertain this sort of nonsense?

Who are "we" and what sort of nonsense?

Taxation of capital gains?
legendary
Activity: 2268
Merit: 1278
September 14, 2014, 11:22:05 AM
#11
Why do we entertain this sort of nonsense?
legendary
Activity: 1281
Merit: 1000
☑ ♟ ☐ ♚
September 14, 2014, 10:35:05 AM
#10
If Satoshi wanted to sell, he should move to Germany. Iirc they don't tax bitcoins held over one year
sr. member
Activity: 322
Merit: 250
September 14, 2014, 10:24:08 AM
#9
From experience, you don't pay taxes on virtual unrealized gains.

/thread
Quote from: bitcoin.it
If instead they are treated as a currency or debt, the full gain could be taxed based on market value at the end of each tax year.
bitcoin.it
You might want to double check that. Bitcoin is treated as a currency in quite a couple of countries.
But well, if you know where Satashi lives ...
legendary
Activity: 1176
Merit: 1010
Borsche
September 14, 2014, 10:18:27 AM
#8
From experience, you don't pay taxes on virtual unrealized gains.

/thread
sr. member
Activity: 322
Merit: 250
September 14, 2014, 10:15:44 AM
#7
Well, thats the implication.
Drawing 70 or even 140M dollars out of the exchanges is gonna bring the price down to low double or even single digits.


So he won't sell before the market is much, much larger.

And, from experience, you think that telling the tax office "Oh, how about you wait for another year or two..." works?
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
September 14, 2014, 10:04:01 AM
#6
Drawing 70 or even 140M dollars out of the exchanges is gonna bring the price down

Exchanges?

I doubt Satoshi would have to stoop to using exchanges.
legendary
Activity: 1193
Merit: 1003
9.9.2012: I predict that single digits... <- FAIL
September 14, 2014, 09:57:49 AM
#5
Only if he sells them, in which case we'll have a lot more to worry about than whether or not he's paying taxes.
Well, thats the implication.
Drawing 70 or even 140M dollars out of the exchanges is gonna bring the price down to low double or even single digits.


So he won't sell before the market is much, much larger.
sr. member
Activity: 322
Merit: 250
September 14, 2014, 09:53:49 AM
#4
Only if he sells them, in which case we'll have a lot more to worry about than whether or not he's paying taxes.
Well, thats the implication.
Drawing 70 or even 140M dollars out of the exchanges is gonna bring the price down to low double or even single digits.
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