What's the most stupid comment you've heard about bitcoin? - page 11.

Lauda

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Quote from: keithers on March 04, 2014, 04:10:41 PM

Quote from: freebit13 on March 04, 2014, 08:56:32 AM

"You have to pay tax on bitcoin" hahahahahahaha!

wait, am I missing something? You do have to pay taxes on the gains on bitcoin, unless you want to expose yourself to the risk of an audit. Depending on your tax bracket this may or may not be likely...

No tax, in the UK.

dogechode

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Quote from: keithers on March 04, 2014, 04:10:41 PM

Quote from: freebit13 on March 04, 2014, 08:56:32 AM

"You have to pay tax on bitcoin" hahahahahahaha!

wait, am I missing something? You do have to pay taxes on the gains on bitcoin, unless you want to expose yourself to the risk of an audit. Depending on your tax bracket this may or may not be likely...

You basically have to pay taxes on almost every source of income imaginable, with very few exceptions. The IRS has already stated that bitcoin and other "digital currencies" are taxable assets.

For some reason there are 1,001 smartasses on this forum that always chime in with snarky remarks about how "legally you must but technically you don't have to" and all this other bullshit because they think they are funny/clever/whatever.

The bottom line is YES YOU DO need to pay taxes on any gains you make via bitcoin/altcoins. If you don't, and you think uncle same won't find out because you are so smart, all I can say is I hope you look good in stripes. Much smarter and richer individuals have been caught trying to hide income or thinking their income was exempt for some frivolous reason. Don't be retarded, pay your taxes.

PS - if you don't pay your taxes you are also a cheap asshole and not contributing your fair share to maintain and defend your country.

keithers

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Quote from: freebit13 on March 04, 2014, 08:56:32 AM

"You have to pay tax on bitcoin" hahahahahahaha!

wait, am I missing something? You do have to pay taxes on the gains on bitcoin, unless you want to expose yourself to the risk of an audit. Depending on your tax bracket this may or may not be likely...

dogechode

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Yeah so like I said, you need to pay taxes. Being a smartass doesn't change that.

freebit13

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I got Satoshi's avatar!

Quote from: Peter Lambert on March 04, 2014, 02:12:52 PM

Quote from: dogechode on March 04, 2014, 01:36:27 PM

Quote from: freebit13 on March 04, 2014, 08:56:32 AM

"You have to pay tax on bitcoin" hahahahahahaha!

Technically, you do, if you live in a country that treats it as an asset and you profit by it. If you mine if then sell it or buy it and sell it higher, etc... you need to pay tax on the gains. I don't know why people think they don't have to but there are going to be a lot of rude awakenings....

By "you need to pay taxes", are you saying "legally required because that is what the government wants" or "legally required and penalties will happen if you do not"?

Technically, in this case you would be paying tax on the fiat gains, not on the bitcoin... you can't sell x bitcoin for x+y bitcoin... if that's possible, I've got some I'd like to sell you Wink

freebit13

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Quote from: dogechode on March 04, 2014, 01:36:27 PM

Quote from: freebit13 on March 04, 2014, 08:56:32 AM

"You have to pay tax on bitcoin" hahahahahahaha!

Technically, you do, if you live in a country that treats it as an asset and you profit by it. If you mine if then sell it or buy it and sell it higher, etc... you need to pay tax on the gains. I don't know why people think they don't have to but there are going to be a lot of rude awakenings....

Legally you do, technically you don't, but I'm not going into details here... I'll always waive the benefits and never engage in commerce Wink

Peter Lambert

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It's all fun and games until somebody loses an eye

Quote from: dogechode on March 04, 2014, 01:36:27 PM

Quote from: freebit13 on March 04, 2014, 08:56:32 AM

"You have to pay tax on bitcoin" hahahahahahaha!

Technically, you do, if you live in a country that treats it as an asset and you profit by it. If you mine if then sell it or buy it and sell it higher, etc... you need to pay tax on the gains. I don't know why people think they don't have to but there are going to be a lot of rude awakenings....

By "you need to pay taxes", are you saying "legally required because that is what the government wants" or "legally required and penalties will happen if you do not"?

dogechode

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Quote from: freebit13 on March 04, 2014, 08:56:32 AM

"You have to pay tax on bitcoin" hahahahahahaha!

Technically, you do, if you live in a country that treats it as an asset and you profit by it. If you mine if then sell it or buy it and sell it higher, etc... you need to pay tax on the gains. I don't know why people think they don't have to but there are going to be a lot of rude awakenings....

CryptoPanda

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Quote from: remotemass on March 04, 2014, 09:16:24 AM

That "bitcoin is not so good as a pizza cooked in a microwaver because the former was not featured in the movie Back to the Future and the latter was".

this one is pretty good actually

remotemass

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ASMR El Salvador

That "bitcoin is not so good as a pizza cooked in a microwaver because the former was not featured in the movie Back to the Future and the latter was".

freebit13

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I got Satoshi's avatar!

"You have to pay tax on bitcoin" hahahahahahaha!

davidgdg

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"The fact that only 21 million coins can be mined (assuming that does not get altered) is irrelevant when they can be sliced up into 100,000,000 sub units....
When exchanges start working in sub units it may dawn on people that the scarcity argument used to promote Bitcoin is disingenuous rubbish."

Posted by Revans a few months ago here: https://bitcointalksearch.org/topic/m.3569715

To which the best response was this:

https://bitcointalksearch.org/topic/bitcoin-crashes-when-those-investing-realise-2-things-332773

bitvestor

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Quote from: CryptoPanda on February 27, 2014, 09:07:06 AM

People tend to get quite confused with all this fancy crypto stuff and confused people tend to say funny things when they try to act competent. So, what's the most stupid thing you've heard about bitcoin recently?

Someone told me physically currency, End of the world i ain't using that"

Someone else said: Keep the money of the devil with you

Another said: What's that? That stupid money like LR?

Another Said, get your cash out soon it will be shut down like LR.

Well on the comments in the news you see worse like:

its not money its just some virtual thing, why are you people so stupid to not know what virtual means

-He lost thousands of bitcoins he bought for only 1500, why is he sad, he only lost 1500$..

Well there is more..

TheFootMan

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Quote from: keithers on March 03, 2014, 08:25:32 PM

Quote from: Lorem_Ipsum on March 03, 2014, 02:31:49 PM

TSA: We saw Bitcoins in your bag. We just want to make sure you aren't carrying more than $10,000 worth.

lolol

http://techcrunch.com/2014/02/28/tsa-reportedly-demands-to-inspect-mans-luggage-for-bitcoin/

That is actually pretty funny... people at the airport are hilarious.

I've got some good story.

We were departing from an airport, everything went through the security control, it was all fine. So my gf took up her Iphone and turned it on after we went through security.

One uptight security lady noticed this and quickly approached us, and demanded that the Iphone be scanned again. Even the other security guards just shaked their heads.

keithers

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Quote from: Lorem_Ipsum on March 03, 2014, 02:31:49 PM

TSA: We saw Bitcoins in your bag. We just want to make sure you aren't carrying more than $10,000 worth.

lolol

http://techcrunch.com/2014/02/28/tsa-reportedly-demands-to-inspect-mans-luggage-for-bitcoin/

That is actually pretty funny... people at the airport are hilarious.

keithers

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This is the land of wolves now & you're not a wolf

"I knew I should have waited longer to buy...it is CRASHING AGAIN and dropping like a rock"

- a friend of mine texts me this every time bitcoin goes down like $4

dogechode

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Quote from: Bitcroin on March 03, 2014, 03:25:19 PM

"Bitcoin is just like any other currency"
"Mt Gox is just one bitcoin exchange"

Bitcoin is cool, but please understand the risks, people...!

Mt. Gox was just one bitcoin exchange.

Bitcroin

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"Bitcoin is just like any other currency"
"Mt Gox is just one bitcoin exchange"

Bitcoin is cool, but please understand the risks, people...!

mine4fun2

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"Bitcoin got hacked and now it collapses"

ladycor

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"Bitcoin is too expensive so people won't use it."

Topic: What's the most stupid comment you've heard about bitcoin? - page 11. (Read 11436 times)