You have no way of knowing things as private as that, at best it can be "hearsay".
Anyways, noone said he isnt either, and i doubt anyone cares, it was just a question of transparency of different ad services.
cheers
Anyways, noone said he isnt either, and i doubt anyone cares, it was just a question of transparency of different ad services.
cheers
"There is always a way, you may think all doors are closed to *you* but when one closes, another opens."
I finally got the forum's 2013 taxes finished (after an extension).
Here's the final accounting summary for 2011-2013. All values are USD at transaction time because this makes the numbers more easy to understand, though the forum only holds BTC.
Here are the totals for 2014 up to now. These numbers are in BTC.
- Income: 522
- Expenses: 1505 (1257 Slickage, the rest mostly mods)
Also, 250 BTC was probably lost when treasurer paraipan died, unfortunately. Recovering that BTC is maybe still possible, but it's probably unlikely.
The forum currently has about 5568 BTC in reserve.
Here's the final accounting summary for 2011-2013. All values are USD at transaction time because this makes the numbers more easy to understand, though the forum only holds BTC.
Code:
Income
Donations Ads
2011 3081 1545
2012 13291 21014
2013 42174 243233
Expenses
Infrastructure Development Mods Grants Tax
2011 213 0 0 0 109
2012 11 276 0 0 3973
2013 194 185751 81027 2802 15841
Here are the totals for 2014 up to now. These numbers are in BTC.
- Income: 522
- Expenses: 1505 (1257 Slickage, the rest mostly mods)
Also, 250 BTC was probably lost when treasurer paraipan died, unfortunately. Recovering that BTC is maybe still possible, but it's probably unlikely.
The forum currently has about 5568 BTC in reserve.
BTW, if you are unfamiliar with how tax works with Bitcoin, you'll probably be really confused at how the forum experienced a net loss in 2013 but still paid a lot of tax. That happens because every expense "triggers" substantial capital gains, and therefore capital gains tax. The forum essentially pays a variable-rate tax on all expenses.
If you're interested: I used the LIFO method for calculating capital gains. My idea is to "save up" BTC batches until they become long-term, which has a lower tax rate. My understanding is that you can use any capital gains calculation method, though. (This is not tax advice -- consult a CPA.)
If you're interested: I used the LIFO method for calculating capital gains. My idea is to "save up" BTC batches until they become long-term, which has a lower tax rate. My understanding is that you can use any capital gains calculation method, though. (This is not tax advice -- consult a CPA.)
-MZ
