Bitcoin Tax Questions

just do what you feel like doing. Stash some cash away for one or two good lawyer and let the courts decide if there ever comes up a case. You should be able to drag this case through the various courts for years and years until the case is expired - at least that is what the whales will do i think. You can expect every court to rule differently in the beginning so you can go into revision again and again. Don't know for the states but in most countries such cases expire after 6-8 years. I have really no idea though. I just see what the rich and powerful would do in such a case. Get top lawyers - that's it. We will see a lot of bizzarre courtcases with bitcoin i am sure. They can't even define what it is - not even in the slightest. How can you tax something that you can't define yourself? You probably can't tax it after all. They need to be clear first wether it is currency or commodity. Or both? Or none of the above? They can't really tax it as long they are not clear about what it is i think. It is not that you don't want to pay taxes. You would if you could know how and what it is exactly about - but you just don't know and they don't know either.
In germany they tried to outlaw magic mushrooms back in the day but were not able to do so for a few years because they could not define 'mushroom' properly. They had to rewrite that law several times. Expect them to write bogus laws that are not valid if tested for validity due to failure in defining exactly what they talk about.
I think taxes for bitcoin could be considered voluntary for bold people with good lawyers as long as they are not specific what exactly they talk about in their laws. Their own central banks said it has no intrinsic value and is a ponzisheme. So does tax apply to ponzishemes? What tax applies to online gambling? Is gambling income? What are we talking about here, sorry? ... if they ever happen to find a good applicable, valid definition of what bitcoin is (after years of hard work) you will already be mining and trading something else for something else.