So someone who acknowledges that their taxes pay for roads, schools, the fire and police departments, hospitals, just to name several, and hence feels that freeloading by avoiding taxes is a dick move, is "brainwashed" or "stupid".
Roads > Paid for with gasoline/petrol taxes
Schools > Paid for by property taxes
Not sure about fire & police departments.
But I'm not so sure that I like my tax dollars funding unlimited wars, bank bailouts, corporate bailouts, forced sterilizations, human experimentation on unwilling/unknowing subjects, and a truckload of other outright immoral and evil things.
No... I'd prefer not to help fund wholesale murder and corruption.
If you really want to fund murder, why not just do it yourself. Why do you need a middle man?
And as for the "you don't have to" argument because governments don't know what bitcoin is yet - it's a thing you got at price X, and you sold at price Y. So at a minimum, if you convert your profits (Y-X) to fiat you have some kind of tax bill. The other side - spending bitcoins bought (or mined) at X for something at Y (Y > X) - is something that governments will have to decide how to classify, but don't think that just because they haven't issued a ruling yet means your profits are free.
So, Joe decides to go on a long deserved holiday to Lovelyland, and purchases $2,000 Lovely dollars for $2,000 of his country's fiat dollar.
He returns from his Lovelyland holiday and goes to sell his remaining Lovely dollars, $1,000 as things were cheap and he was frugal. Much to Joe's suprise, oil, gas, diamonds, and the cure for cancer were all discovered in Lovelyland while he was away, and the Lovely dollar rose nicely. Joe end up recieving $2,000 of his country's fiat dollars for his $1,000 Lovely dollars.
1) Does Joe have to pay capital gains tax?
2) How is bitcoin different? (For those that purchase and are not professional traders.)
I hope your house burns down, or you die in the street after being hit by a car, or some other fate
It's funny how often those that preach collectivist principles always end up calling for someone to die.
RenegadeMind, noone is "eager" to pay tax. But some of us to choose to obey the laws of the country we live in. The forum has plenty of people whose moral code appears to be "it is okay to break the law if I'm unlikely to get caught".
It seems like there are a lot of Americans in this forum, and a lot eager to cough up. I happen to have an advantage given my particular situation in that I'm not under any obligation in the country where I live to pay that particular tax.
Now, if you have money outside of your country of residence, it really isn't any business of the government of your country as it is outside of their sovereign territory and outside of their jurisdiction.
(Assuming you live in none of these places...)
You can go to Colorado and smoke pot.
You can go to Amsterdam for "intimate physical encounters".
You can go to Texas and own and shoot guns.
You can go to Vietnam and insult the king of Thailand. (God forbid you ever go to Thailand afterwards...)
But you're not going to face criminal charges where you live for what you do outside of that territory.
Why is bitcoin somehow magically different?
Large corporations and trusts do business in other countries simply to get around tax laws in their own countries?
Why do corporations get to avoid tax, but individuals don't?
*IF* you do your bitcoin activities where you live, then sure - you're doing it there.
If you are doing your bitcoin activities outside of where you live, then it's none of their business.
Does where you live necessitate that your local "authorities" somehow have absolute purveyance over everything you do and every aspect of your life, even outside of their jurisdiction?
I don't think so. Just because you live somewhere doesn't necessitate some kind of lien on your soul.
If you want to go whoring in Nevada, that's your business. It's legal there.
Perhaps a better question would be:
Why do people do bitcoin activity in jurisdictions where they will be liable for tax?
Here's something entertaining to think about as a minor distraction.
You are horribly misinformed. This is not how it works at all.
If you go to a foreign country and earn money, you still owe US federal tax.
If you go to Thailand and have sex with an underage prostitute, you will still go to jail when you return to the United States.
If you kill someone on a boat in international waters you still will be tried for murder.
Sorry, it usually does not matter where the deed takes place.
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