Bitcoin Forum
May 26, 2024, 09:09:27 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 [6]  All
  Print  
Author Topic: MemoryDealers aka Roger Ver Arrested!  (Read 1175 times)
nullama
Hero Member
*****
Offline Offline

Activity: 994
Merit: 957



View Profile
Today at 10:13:02 AM
 #101

~snip~
Topic will be updated with more information later, but I am interested to hear your opinion about this.

I don't really know too much about Roger Ver, but I watched a few videos he posted.

He was basically living in a tiny island, St. Kitts and Nevis, where he is a citizen of.

He mentioned in the video how great it was that they don't have to pay taxes there.

No idea about the details, but it seemed to me that he was too focused on the tax part.

Maybe he didn't pay taxes to US when he stopped being a citizen around 2014?, no idea.

███████████████████████████████
███████████████████████████████
█████████
▀▀▀▀▀█▀█▀▀▀▀▀█████████
███
▄▀▀▀   ▄▄▄▄   ▄▄▄▄   ▀▀▀▄███
███████
▀▀▀████▌ ▐████▀▀▀███████
█████
███▀█▀██▌ ▐██▀█▀████████
████
███▀▄▀▄███▌ ▐███▄▀▄▀███████
█████
██▄██▄██   ██▄██▄███████
███████
▄▄▄████   ████▄▄▄███████
██████████
▀▀▀▀   ▀▀▀▀██████████
██████████
▄▄▄▄▄▄▄▄▄▄▄██████████
███████████████████████████████
███████████████████████████████
█▀▀▀











█▄▄▄
#1 RATED CRYPTO
CASINO IN THE WORLD
██ ██ ██ ██ █Trustpilot
▀▀▀█











▄▄▄█
▄█████████████████████████████
██████████████████▀▀█████▀▀████
█████████████████▀█████████▀███
██████████████████████████████
███████████████████████████▄███
█████████████████████████▄▄████
███████████████████████████████
█████████████░░░███████████████
███████████░░░█████████████████
█████████░░████████████████████
█████░░░██████████████████████
███░░█████████████████████████
▀░░░█████████████████████████▀
.
SIGN UP & INSTANTLY
RECEIVE BONUS

[ NO DEPOSIT REQUIRED ]
█▀▀▀











█▄▄▄
▀▀▀█











▄▄▄█
mindrust
Legendary
*
Offline Offline

Activity: 3262
Merit: 2441



View Profile WWW
Today at 10:30:31 AM
Merited by vapourminer (1)
 #102

No tax countries usually don’t offer the best deal. Unless you are obsessed with paying no taxes, sometimes (and it is actually more often than sometimes) it actually makes more sense to live in a country where the tax rates are high because you are getting “something” in return. St Kitts might look great on paper but how many flights land there? How is the infrastructure? Hurricanes? Crime? Laws? So many questions.

I have seen many people who don’t realize the real value of their own assets. They think whatever stuff they don’t own is always more valuable than what they own. They make haste and buy lots of stuff which they don’t really need because they didn’t think it through completely.

In this case a US citizenship probably offers a better deal than a St Kitts citizenship but somehow Roger thought otherwise. I think he got bamboozled.

.
.BLACKJACK ♠ FUN.
█████████
██████████████
████████████
█████████████████
████████████████▄▄
░█████████████▀░▀▀
██████████████████
░██████████████
████████████████
░██████████████
████████████
███████████████░██
██████████
CRYPTO CASINO &
SPORTS BETTING
▄▄███████▄▄
▄███████████████▄
███████████████████
█████████████████████
███████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
███████████████████████
█████████████████████
███████████████████
▀███████████████▀
█████████
.
shield132
Hero Member
*****
Offline Offline

Activity: 2226
Merit: 865



View Profile
Today at 10:55:35 AM
 #103

Never go to any of the US-allied countries if you owe tax money to the US. The outcome wouldn't have been any different if he had visited Portugal or Germany instead of Spain. They caught the btc-e CEO in which country? Greece? They can get you anywhere unless you are in Russia/China.

The better solution is: don't get indebted to the US.

Al Capone couldn't get away, McAfee couldn't get away. You won't get away too.
It was a joke when I said don't go to spain. You are right, any US-allied country is dangerous if you owe tax money to the US but at the same time, non-US ally countries are as dangerous if not the most dangerous. For example, in Russia, rich people often end up dead, mostly those who go against Putin's will. Rich people's business isn't as easy as people make it sound to be, if you don't pay taxes, you have to have very good connections with top elites or you are in trouble.

Going to China is probably the safest route but there is a completely different culture, work ethic, language and people visually. Btw like you said, don't get indebted to the US and you are fine.

The problem is, people didn’t know what to do with their gains on bitcoin back in the day. We are talking about the 2013-2014 era if I am not mistaken. During those years, what was the US’ position on bitcoin? Most legal authorities didn’t know what to do with it. Coinbase (the exchange) was only 1 year old. Bitcoin itself was 5 years old. Let alone the taxman, nobody really knew shit.
This is absolutely right, my lecturer was a woman who was in charge on these things and she told me that they simply didn't know what to do with Bitcoin and in my country, for that reason, she told me that she (and her team) lets people to not pay taxes because first of all, they don't know what to do with it and second of all, if people make money, let them make money without taxing only in this case, for a while.

▄▄███████▄▄
▄██████████████▄
▄██████████████████▄
▄████▀▀▀▀███▀▀▀▀█████▄
▄█████████████▄█▀████▄
███████████▄███████████
██████████▄█▀███████████
██████████▀████████████
▀█████▄█▀█████████████▀
▀████▄▄▄▄███▄▄▄▄████▀
▀██████████████████▀
▀███████████████▀
▀▀███████▀▀
.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
vapourminer
Legendary
*
Offline Offline

Activity: 4340
Merit: 3571


what is this "brake pedal" you speak of?


View Profile
Today at 11:47:45 AM
Last edit: Today at 12:01:36 PM by vapourminer
 #104


The problem is, people didn’t know what to do with their gains on bitcoin back in the day. We are talking about the 2013-2014 era if I am not mistaken. During those years, what was the US’ position on bitcoin? Most legal authorities didn’t know what to do with it. Coinbase (the exchange) was only 1 year old. Bitcoin itself was 5 years old. Let alone the taxman, nobody really knew shit.
This is absolutely right, my lecturer was a woman who was in charge on these things and she told me that they simply didn't know what to do with Bitcoin and in my country, for that reason, she told me that she (and her team) lets people to not pay taxes because first of all, they don't know what to do with it and second of all, if people make money, let them make money without taxing only in this case, for a while.

not a lawyer or tax person but in the usa its pretty clear.. if you make profit you pay taxes. makes no difference how the profit was made.. tag sale, ebay, work, whatever. pay the tax on it in USD.

now long term vs short term gains etc might be an issue back then.

iirc my cpa had me report my gpu mined coin sales as straight income back around the 2013 timeframe. id have to check records to be sure.

Kelward
Sr. Member
****
Online Online

Activity: 406
Merit: 264

Eloncoin.org - Mars, here we come!


View Profile
Today at 12:31:32 PM
 #105

The Uniited States tax laws are insane. Despite several attempts to try and wrap my head around it, I hit a brick wall every time. It seems like a design intended to indict people rather than make the process easier for them, you have to figure out what to do and when to do it, otherwise you'll face prosecution....
Actually the IRS rules are pretty straight forward. I've never had any problems following them in dealing with my BTC earnings and transactions.

Then again - I'm not a mega millionaire hell bent on looking for every legal loophole and trying questionable interpretations of them to try and evade taxes.
Ignorance of the law is not an excuse, people should learn how the tax law of where they're doing business works. I don't think that a sane country will go outside their constitution to prosecute anybody that is doing genuine business within their country. This is a common practice among the very rich people, they want to make all the money and be greedy not to pay tax in the country that gave them the enabling environment to do their businesses. If Mr. Van, has a case case against him in the US, them let him go ahead and defend himself, I want to believe that America, is a democratic country, where they respect the rules of law.

DaveF
Legendary
*
Online Online

Activity: 3486
Merit: 6312


Crypto Swap Exchange


View Profile WWW
Today at 05:09:50 PM
Merited by vapourminer (2)
 #106

The problem is, people didn’t know what to do with their gains on bitcoin back in the day. We are talking about the 2013-2014 era if I am not mistaken. During those years, what was the US’ position on bitcoin? Most legal authorities didn’t know what to do with it. Coinbase (the exchange) was only 1 year old. Bitcoin itself was 5 years old. Let alone the taxman, nobody really knew shit.
This is absolutely right, my lecturer was a woman who was in charge on these things and she told me that they simply didn't know what to do with Bitcoin and in my country, for that reason, she told me that she (and her team) lets people to not pay taxes because first of all, they don't know what to do with it and second of all, if people make money, let them make money without taxing only in this case, for a while.

Not sure who told you that but it was 100% wrong.
Does not matter where income / profit come from it all has to be declared.
Always has been.

https://taxfoundation.org/blog/irs-guidance-thieves-drug-dealers-and-corrupt-officials/

-Dave

█▀▀▀











█▄▄▄
▀▀▀▀▀▀▀▀▀▀▀
e
▄▄▄▄▄▄▄▄▄▄▄
█████████████
████████████▄███
██▐███████▄█████▀
█████████▄████▀
███▐████▄███▀
████▐██████▀
█████▀█████
███████████▄
████████████▄
██▄█████▀█████▄
▄█████████▀█████▀
███████████▀██▀
████▀█████████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
c.h.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀█











▄▄▄█
▄██████▄▄▄
█████████████▄▄
███████████████
███████████████
███████████████
███████████████
███░░█████████
███▌▐█████████
█████████████
███████████▀
██████████▀
████████▀
▀██▀▀
Pages: « 1 2 3 4 5 [6]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!