FinShaggy (OP)
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May 27, 2013, 12:52:29 AM |
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Yes there are communal town funds, just like ANY town. We just don't get them through taxes.
Would I be required to contribute toward the communcal town funds? Nope. So how do you get communal town funds? Just read the god damn first post or watch the videos. It's all explained thoroughly. |
If everyone is thinking outside the box, there is a new box.
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FinShaggy (OP)
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May 27, 2013, 12:53:35 AM |
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If everyone is thinking outside the box, there is a new box.
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Elwar
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May 27, 2013, 12:53:44 AM |
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Did someone tell you that you don't owe taxes if you use bitcoin instead of $$$?
Yeah, as long as you don't exchange it into fiat at any time it is impossible for them to tax it. It's a fluctuating digital property, not a real "currency". It has just become a currency, like seashells were at one point. When you exchange your bitcoins for something of value you have to pay capital gains taxes on the gain in value from when you first obtained the bitcoins to the time of purchase. |
First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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crumbcake
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May 27, 2013, 12:55:59 AM |
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Did someone tell you that you don't owe taxes if you use bitcoin instead of $$$?
Yeah, as long as you don't exchange it into fiat at any time it is impossible for them to tax it. It's a fluctuating digital property, not a real "currency". It has just become a currency, like seashells were at one point. I'm sorry, someone has lied to you. You owe income tax, weather you get it in dollars, Bitcoin or goats. You owe property tax. All that law learnin' and ... this.  |
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Elwar
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May 27, 2013, 12:59:13 AM |
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Just read the god damn first post or watch the videos. It's all explained thoroughly.
If 200 people each put in $10,000 (or equivalent in BTC) the property would be ours (I think this could be accomplished in 1 year). And at that point we could start using the land to farm and produce things and anyone who could afford a house or an Earthship could start building, while anyone else can rent their land out to earn money, or sell it (we will all come together and vote on what the land can and cannot be used for during this time) and once we have some communal money we can help people build Earthships and start working on Solar power and getting a super solid internet connection. Then we could start building FPGAs and ASICs, while we farm and produce what we can. Step 1: 200 people each put in $10,000 to buy the $2 million property. Step 2: Anyone can rent their land to earn money or sell it. Step 3: ? ? ? Step 4: We have some communal money for Earthships, solar power, super solid internet connection, FPGAs and ASICs. |
First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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crumbcake
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May 27, 2013, 12:59:54 AM |
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So how do you get communal town funds?
Easy. By cornering the lucrative Bitcoin UToob video market!  |
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FinShaggy (OP)
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May 27, 2013, 01:05:13 AM |
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When you exchange your bitcoins for something of value you have to pay capital gains taxes on the gain in value from when you first obtained the bitcoins to the time of purchase.
I will let everyone in town know what our solution is to this personally, I can't post it on the internet. I can let you know we have a barter club planned though, but that is not the loop hole, that is just what I can tell you. |
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FinShaggy (OP)
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May 27, 2013, 01:05:45 AM |
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You owe property tax. All that law learnin' and ... this. That has already been talked about in this thread. |
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FinShaggy (OP)
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May 27, 2013, 01:06:09 AM |
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Just read the god damn first post or watch the videos. It's all explained thoroughly.
If 200 people each put in $10,000 (or equivalent in BTC) the property would be ours (I think this could be accomplished in 1 year). And at that point we could start using the land to farm and produce things and anyone who could afford a house or an Earthship could start building, while anyone else can rent their land out to earn money, or sell it (we will all come together and vote on what the land can and cannot be used for during this time) and once we have some communal money we can help people build Earthships and start working on Solar power and getting a super solid internet connection. Then we could start building FPGAs and ASICs, while we farm and produce what we can. Step 1: 200 people each put in $10,000 to buy the $2 million property. Step 2: Anyone can rent their land to earn money or sell it. Step 3: ? ? ? Step 4: We have some communal money for Earthships, solar power, super solid internet connection, FPGAs and ASICs. That's not the whole post and there are still videos. |
If everyone is thinking outside the box, there is a new box.
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Elwar
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May 27, 2013, 01:15:03 AM |
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So this small community would share the solar panels, ASICs and other such possessions?
Would the the work and income from such pursuits go toward the communal fund?
Such a lifestyle sounds quite unconventional.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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FinShaggy (OP)
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May 27, 2013, 01:19:15 AM |
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So this small community would share the solar panels, ASICs and other such possessions?
Would the the work and income from such pursuits go toward the communal fund?
Such a lifestyle sounds quite unconventional.
No, if someone bought their own solar panels they would be theirs. If the city installs it to their house it's theirs. But the city will also be using solar power and mining machines of its own. No communal movement of these items. The work would provide for communal funds, but only if it was on public land. But that is far from the communities only way to raise funds. |
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Elwar
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May 27, 2013, 01:21:38 AM |
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The work would provide for communal funds, but only if it was on public land. So my 1/200th investment would not result in getting 1/200th of the land? |
First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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FinShaggy (OP)
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May 27, 2013, 01:28:57 AM |
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If everyone is thinking outside the box, there is a new box.
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FinShaggy (OP)
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May 27, 2013, 01:29:19 AM |
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The work would provide for communal funds, but only if it was on public land. So my 1/200th investment would not result in getting 1/200th of the land? Yes it would. I would be funding the public land personally, and if anyone that doesn't want to live there (but buys land) wants parks, that land will be left alone as park land, for camping and stuff like that. |
If everyone is thinking outside the box, there is a new box.
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crumbcake
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May 27, 2013, 01:39:59 AM |
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You owe property tax. All that law learnin' and ... this. That has already been talked about in this thread. Not with me it hasn't. You told me that i don't owe taxes if i use bitcoin. That's patently false. Or are you not going to be "totally cooperative and transparent"? |
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FinShaggy (OP)
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May 27, 2013, 01:41:00 AM |
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Not with me it hasn't. You told me that i don't owe taxes if i use bitcoin. That's patently false. Or are you not going to be "totally cooperative and transparent"?
It's not false, we have a solution to that problem. And we are going to be completely co-operative and transparent. |
If everyone is thinking outside the box, there is a new box.
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FinShaggy (OP)
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May 27, 2013, 01:41:22 AM |
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I will be paying property tax. And we have a solution for other taxes, but that can't be shared here.
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crumbcake
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May 27, 2013, 01:42:29 AM |
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I will be paying property tax.
But not ... income tax?  |
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FinShaggy (OP)
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May 27, 2013, 01:43:01 AM |
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I will be paying property tax.
But not ... income tax? We have a solution for that, but as I said I can't share it on the internet. |
If everyone is thinking outside the box, there is a new box.
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crumbcake
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May 27, 2013, 01:44:19 AM |
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Not with me it hasn't. You told me that i don't owe taxes if i use bitcoin. That's patently false. Or are you not going to be "totally cooperative and transparent"?
It's not false, we have a solution to that problem. And we are going to be completely co-operative and transparent. Tell me the solution already!!! |
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