Sitarow
Legendary
 Offline
Activity: 1792
Merit: 1047
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November 18, 2013, 09:03:18 PM |
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FinCEN finally showed their hand
FinCEN exists for Tax purposes.
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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mb300sd
Legendary
Offline
Activity: 1260
Merit: 1000
Drunk Posts
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November 18, 2013, 09:03:25 PM |
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DONT SELL! Tax happens when you sell...
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maz
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November 18, 2013, 09:03:39 PM |
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Every time someone says "tax" the price drops below 660$
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rampantparanoia
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November 18, 2013, 09:04:00 PM |
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Worrying about tax now.
Sell only when you need the cash. Or, use BTC for payment for goods & services. Can't tax purchasing of BTC, only the revenue when transferred back to USD |
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NamelessOne
Legendary
Offline
Activity: 840
Merit: 1000
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November 18, 2013, 09:04:13 PM |
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"tax" sell! sell! sell!
Tax is expected ... Nothing news. +1 Exactly. |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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November 18, 2013, 09:04:37 PM |
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Worrying about tax now.
sell now you'll have less capital gains to declare  |
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Vycid
Sr. Member
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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November 18, 2013, 09:04:45 PM |
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Worrying about tax now.
Sell only when you need the cash. Or, use BTC for payment for goods & services. Can't tax purchasing of BTC, only the revenue when transferred back to USD Unfortunately this is wrong. |
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Parazyd
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November 18, 2013, 09:05:38 PM |
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Worrying about tax now.
Sell only when you need the cash. Or, use BTC for payment for goods & services. Can't tax purchasing of BTC, only the revenue when transferred back to USD Unfortunately this is wrong. Care to elaborate? |
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humanitee
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November 18, 2013, 09:06:19 PM |
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Worrying about tax now.
Sell only when you need the cash. Or, use BTC for payment for goods & services. Can't tax purchasing of BTC, only the revenue when transferred back to USD Unfortunately this is wrong. Care to elaborate? A gain is a gain no matter what. If you make a gain on BTC and then buy a computer with said BTC, you still pay capital gains. |
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freethink2013
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November 18, 2013, 09:06:26 PM |
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I know that tax is an obvious step "tax" sell! sell! sell!
Tax is expected ... Nothing news. +1 Exactly. I'm not selling. It being talked about as taxable is a good sign imho. |
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Vycid
Sr. Member
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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November 18, 2013, 09:06:52 PM |
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Worrying about tax now.
Sell only when you need the cash. Or, use BTC for payment for goods & services. Can't tax purchasing of BTC, only the revenue when transferred back to USD Unfortunately this is wrong. Care to elaborate? Yeah, it's still taxable as if you'd sold it. If you bought a bar of gold for $200 and then bartered for something worth $1000 with it a couple years later, you're liable for $800 in capital gains. |
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Buffer Overflow
Legendary
Offline
Activity: 1652
Merit: 1015
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November 18, 2013, 09:07:00 PM |
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Let's count how many times we've heard the words 'illicit actors'.
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Zangelbert Bingledack
Legendary
Offline
Activity: 1036
Merit: 1000
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November 18, 2013, 09:08:08 PM |
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Let's count how many times we've heard the words 'illicit actors'.
Are they talking about porno actors? |
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freethink2013
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November 18, 2013, 09:09:18 PM |
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I hate the use of "actors" like that. Google does the same. Trolls are called "bad actors"
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CryptStorm
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November 18, 2013, 09:09:27 PM |
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Lowery can also be found stirring numerous honey pots, or after hours at the cafe at the end of the internet. He likes to fish and spends time with his family on the weekend. His hobby is ultra-light kite decoration.
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Parazyd
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November 18, 2013, 09:10:18 PM |
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LOL
Deep web discussions.
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CryptStorm
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November 18, 2013, 09:10:32 PM |
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Raman "..."
tl;dr
"We can't do shit to PGP"
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Poll
