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It's difficult to define how a country is friendly or not towards BTC.
In some countries, the central bank may be against it, but they may be thousands of happy bitcoiners living peacefully.
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It's easy to explain why. Russia is afraid of BTC. Many Russians just don't trust their local currency, nor their government. This makes BTC automatically attractive, and I guess this official advice will make BTC even more attractive.
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It's even more difficult in France, Italy or Sweden. Banks make less and less cash transactions, and advise all their customers to use credit cards and wire payments. It's part of the game against money laundering and tax evasion. I think in Italy it's illegal to make a payment of more than 1,000 € in cash.
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This is a great idea, but posting should be free. The seller will only pay your fee if he effectively sells his stuff, right?
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Great news, but it seems they only offer American domestic flights. I had sorry pop-up messages when checking for international flights.
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There is no incentive whatsoever for the tax authorities to redistribute coins.
The purpose of tax has never been redistribution. Taxes have been invented to raise armies, finance wars, and make fat cats fatter. A very little part of your tax money is actually used to help the needy. |
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People often complain that public services are shoddy yet I've never really had any problems with the NHS or police or environmental health services etc etc nor do I know anyone who has. Could they be run more efficiently and better? Of course. If I had any say I'd slash the defence budget and stop frittering money away on wars and put that money back into the system, but regardless of that; if your house burns down or you're in a serious accident you'll get sorted fairly quickly, but yeah, you might have to wait a few hours, but I can guarantee you wont get sorted pretty quick if we got rid of all these public services and you had to rely on community & charity emergency services or you couldn't afford to pay for them. People don't seem to think about the impact their choices have on others, just as long as they can say "I want the right to choose", and people already have that, but they'd just rather hypocritically keep paying their taxes and not cause a fuss.
I don't have the right to access public services in the country I'm currently staying, so I can't speak for myself, but I hear the locals complain a lot, and there has to be a reason. Back to myself, since I'm much less "protected" by a nation above my shoulders, I have to be much more cautious. Now, let's imagine a world where everybody would live in a foreign country, without access to the safety net they have in their own country. I say it would be a better place. |
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It's too big, that would cause a huge shock. Imagine that if Google fully supports BTC, its price would more than double in one hour.
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I want to start a btc/ltc bank ,, any offers??
If you're serious, I suggest you build a 30-story building in Manhattan, close to Wall Street, with marble-floors everywhere, and get the name of the bank in huge gold letters on top of the building. |
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And if we got rid of the government and the services they provide, then you'd be forced to pay top price for second rate services, because most people wouldn't be able to afford to pay for premium services. But I guess it'd be your choice to see your house burn down and your children die in the street, right?
I'd say exactly the opposite. Your tax money is very high and you get second rate services. Public healthcare services are poor, and many firms have to hire security agents because in many cities, the police forces have failed to deliver what was expected from them. |
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The original poster has left and that's probably a good thing, but for this post, I'll stand by his side, because somehow, it is possible not to pay any income tax. But few people can do it.
We've already seen the hypothesis of living in the streets, but there are also upmarket solutions.
There is no income tax, nor any capital gains tax in Monaco by example. One could move there, the only problem being that property is incredibly expensive as the city-state is so small. A small one bedroom costs more than a million $! If you can afford that, and don't mind living in a small place, then it's fine.
So you've got the choice of being dirt-poor or filthy-rich, but if you're the average person, you'll have to pay plenty of tax.
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If you insist that you're not simply trolling, then please provide an example of "true 0% tax" country, so I can pack my suitcases.
In what way would I be trolling? I hope you're not trolling. Do some research. I don't know if there's many countries that will lock you up for avoiding any taxes unless you get yourself into a situation where they are owed. Go wherever you want and eat the grass and live under the stars and you can pay no taxes and you truly will be free (but I'd check the local laws first just to be safe). You might not be comfortable sometimes but I can assure you no police with guns will be after you unless you start doing illegal shit. But my guess is you'd rather stay at home infront of the comfort of your computer and modestly-sized TV and keep paying to play The Game, right? No! You are trying to prove your point, and everybody's against you, so it's up to you to do the research. I think you don't know much about the subject, but fortunately for you, I do. I know a place, a country, where there is no income tax, nor any capital gains tax, but you couldn't move there, and neither can I. Can you tell me why? If you know what you're talking about, you should have the answer. |
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There's nothing wrong if some people can't understand BTC. Most people don't understand how central banks work either. Very few people understand the stock market, nor know what an IPO is, and how it's done. Many elected politicians don't know anything about the economy.
If I give you a 10$ bill, you don't to know anything about the Federal Reserve nor the guys who printed that bill, and how they did it. What matters is that you'll know how to spend them. It'll be the same with BTC.
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BTC is the only crypto currency that counts. The others only raise interest because BTC have surged in value and mining is hard.
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Please stop with the idea that income tax is voluntary.
It's correct to say that you don't pay tax if you live in the streets spending your days begging and farting, but for normal people living a normal working life, there's no choice.
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No. BTC and gold are very different. You'd have trouble crossing borders and getting on a plane with 10 kg of gold.
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Income tax should go as the government doesn't need to know how much you're making, but I understand property tax to maintain roads and organize basic emergency services. If income tax pays for schools, that's another reason for it to go. Public schools have failed everywhere.
Public schools have failed everywhere? Really... Yes. There may be exceptions in Switzerland or South Korea, but in most countries, schools are terrible, mixing good kids with bad ones, and not teaching them what they need to learn to become responsible adults, but what national politicians or unions have chosen for them. At worst, that means turning them into puppets, and at best good citizens, but in all cases into people who would be totally unable to live outside the safe legal, and rigid environment of their home country. |
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I work as a freelance, and I've asked several of my clients to pay me in BTC, but all said they couldn't!
I'll try again in 6 months.
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This problem won't last. Legal grass is still very new, and the banking sector is always slow to adapt. When bankers will have a better vision of how much cash the legal grass business can bring, they will lobby Washington D.C. to let them accept those customers.
Meanwhile, business owners can still rent a safe deposit box.
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