Bitcoin Forum

Bitcoin is tax free!

Bitcoin is protected by militia groups all over the world. Small businesses don't have to pay taxes to militia groups if using Bitcoin.
However, they must pay taxes if they convert their Bitcoin to the USD.

Anyone use the USD must pay taxes. Period!

13 inbred Terrorist European Bloodlines created private companies known as The Federal Reserve and the IRS.
The U.S. government has been captured. The private company IRS have jurisdiction in the USA to collect taxes in USD. You must pay taxes to the Bilderberg Group (Illuminati) if you are using the USD.

Here's an example:
Let's say you pay for goods & services using your used underwear. Do you think the private company IRS will be able to tax you?
In the modern day, Bitcoin is your polished form of used underwear.

http://images.moviefanatic.com/iu/t_full/v1364991149/hal-with-panties.jpg


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Related thread:
There is no Tax and there never be any Tax on Bitcoin. PERIOD.
https://bitcointalk.org/index.php?topic=420530.0

Alcohol is bad, mmkay?

All fiat money is tax free as well if you don't pay your taxes.

Jail will be a likely consequence in all cases though (including bitcoin).

Easy on the weed, buddy..

bitcoin will never have a tax later . and we will never feel it

Obviously Bitcoin is tax free , but not actually , when you buy bitcoin you pay tax , if you cash it , you pay tax.
If you're a miner(ammmm these days? ) , you surely paid tax on the machine.
so it really ain't tax free unless untill you're just earning it online and not cashing it out. you cash it ,you pay tax
so how exactly is it Tax Free? ???

Bitcoin is taxed with 10% a year with indirect tax via the inflation.
The tax is paid to the miners.

It's not tax free.
When you buy something, it would be taxed, no matter which pay way you chose.

tax to exchanges 0.25% for every transaction + withdrawal fees

then tax for tx

and then like mentioned above indirect tax by inflating it

- so there is a lot of tax and fees associated with btc too -

It's not tax. It's processing fee.

Taxes are fees too for using the infrastructure and being protected by the military.

Until you sell your bitcoin and get hit by the US government if you lie there, asking where the sudden cash originated from.

But fees are not taxes. You pay fee for a (private) service, not for (public) government.

Those fees eventually end up in some government's pocket due to their tax demands on the institution that took the fees in the first place.

Yeh, I'm sure the judge will buy that excuse when you're sat in court for tax evasion. You have to pay taxes on bitcoins if you earn them as a wage and I'm pretty sure there are other situations where you will have to too. Each country will have different laws in that respect so it's best checking before following some random persons advice on the internet.

Good to know! Thanks for info, man.
By the way, could you please give the toll-free phone number of that militia group, so that I can request their assistance in case some government pigs want to tax my BTC?

So why they charges transaction fee!!....haha  ;D ;D

I'm loking forward to:

http://www.newsmax.com/Finance/IRS-US-tax-foreign/2014/08/06/id/587148/

"President Obama, as promised, is changing America. High taxes and abusive enforcement are compelling businesses and ordinary citizens to leave the country altogether. The United States has much higher corporate tax rates than other industrialized countries do, and increasingly, the IRS uses more aggressive enforcement tactics than foreign tax authorities use."



i am a firm believer that the usa needs a magna carta. the IRS 'interest to infinity' massively high taxes and fines is *DEBT SLAVERY* starting with the usa-interest-to-infinity-school-loan-scheme and now the obama-irs-scheme-care . the irs is being used as a political weapon now and needs to be completely abolished due to the corruption and abuse.

lol, that crazy dude again  ;D !

It's neiter a tax or a fee, it's a joke! It's so cheap it's just ridiculous (unless you want fast ass transactions so you have to up your fee tho).

Has the IRS upgraded all of its protocols to include Bitcoin, or are there still a few loopholes?

Ever heard of fee in transaction?

Easy there ;D

Bitcoin has always been tax free that is why IRS get tickled by Bitcoins

Tax is different from transaction fee.
Plus if your coins have high priority, transactions may be free.

Most of the merchants using bitcoin as a currency do convert it to fiat as it can be a risk, and they do eventually end up paying taxes.

Yeah, you pay VAT if you buy stuff with BTC, but do you pay income tax if you amass BTC? How would anyone know?

VAT doesn't exist in all jurisdictions.
Capital gains may be applicable when you sell BTC. If you buy and hold, I don't see any problems.

OK, example: You buy a gift card or some gadget with BTC. You pay VAT (or not). Where is the tax on capital gains here?

You go to localbitcoins and transfer some BTC for a wad of cash in your hand. Where's the tax?

I think that's what people mean when they say BTC is tax-free.

This is actually not correct. Anyone who uses their bitcoin to purchase any kind of good or service will owe taxes on capital gains they have on their bitcoin. It does not matter if they never convert their bitcoin to fiat

Try not to think like a good citizen for a moment and imagine that, yes, you owe this tax, but you don't pay it. How would anyone get the idea that you owe it? I mean how would anyone know you even own BTC?

condoms should be tax deductible, or tax free at lease.
 

Bitcoin is tax free, but life is not  >:(

I do not get your points.

TAX FREE!! I don't think so.. When you buy something you must be taxed by any process if it is bitcoin or convert it into USD.

Do you pay taxes when you buy a gift card with fiat? No.
You pay taxes(VAT) when you purchase something with your gift card.

That is the transaction cost. If you use fiat, you need to pay your bank.

Tax-free is in the eye of the beholder of Bitcoins! Does the law really come into play here?
The wealthiest 50% certainly don't pay their share of taxes. Why should we be so concerned?

I'm pretty sure the IRS has got that covered. They don't like to lose revenue.

And where's the capital gains tax? Noone denied VAT.

Oh sorry, my bad.
I think, that is one of this question, where there is no definite ruling, yet, and if there would be, than it would differ from country to country.

Taxi?