Bitcoin Forum
March 19, 2024, 08:29:35 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 [5] 6 7 8 9 10 11 12 13 14 15 16 17 »  All
  Print  
Author Topic: I didn't pay capital gains tax on bitcoin sales to IRS today  (Read 24012 times)
5flags
Full Member
***
Offline Offline

Activity: 224
Merit: 100

Professional anarchist


View Profile WWW
April 16, 2014, 03:49:51 PM
 #81

That's how it works now. Communities decide what things they need by voting for sewers, road, libraries, schools, etc. Community members pay for these through taxes. And if they don't pay, they lose their homes / go to jail.

So in other words, communities can voluntarily decide what to do, within strictly defined limits, and if you don't agree with it, we will use violence against you to ensure conformity.

How do you expect your 'communities working together' to work when people there don't contribute their fair share? Just let them get away with it? Your community will crumble really fast."

Do you need to be goverened? Do you need to be told what to do? Do you sit idle unless your master's lash is at your back?

You're still viewing anarchistic societies through a statist prism.

http://5fla.gs - @5flags on Twitter
1710836975
Hero Member
*
Offline Offline

Posts: 1710836975

View Profile Personal Message (Offline)

Ignore
1710836975
Reply with quote  #2

1710836975
Report to moderator
1710836975
Hero Member
*
Offline Offline

Posts: 1710836975

View Profile Personal Message (Offline)

Ignore
1710836975
Reply with quote  #2

1710836975
Report to moderator
1710836975
Hero Member
*
Offline Offline

Posts: 1710836975

View Profile Personal Message (Offline)

Ignore
1710836975
Reply with quote  #2

1710836975
Report to moderator
"There should not be any signed int. If you've found a signed int somewhere, please tell me (within the next 25 years please) and I'll change it to unsigned int." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1710836975
Hero Member
*
Offline Offline

Posts: 1710836975

View Profile Personal Message (Offline)

Ignore
1710836975
Reply with quote  #2

1710836975
Report to moderator
5flags
Full Member
***
Offline Offline

Activity: 224
Merit: 100

Professional anarchist


View Profile WWW
April 16, 2014, 03:52:36 PM
 #82

So what would happen? What are the answers?

I don't know the answers. But I do know the right questions, which puts me a step in front of most people.

What I do know is what happens when we have incredibly powerful entities maintaining their grip on power through violent coercion so they can farm their "citizens" for profit. And it's pretty terrible.

http://5fla.gs - @5flags on Twitter
Wilikon
Legendary
*
Offline Offline

Activity: 1176
Merit: 1001


minds.com/Wilikon


View Profile
April 16, 2014, 03:57:00 PM
 #83



Tax dodgers beware: IRS could be watching your social media
The IRS is said to be data mining Facebook, Instagram, Twitter, and other sites for info that could come handy in audits.

acebook, Instagram, and Twitter have all become places where people post intimate details about their lives: vacation photos, work successes, buying a new house, car, or other cool stuff.

However, this information is also up for grabs by the Internal Revenue Service.

The taxman is reportedly using data from social media on people who file fishy-seeming taxes or don't file at all, according to Marketplace. The IRS loses roughly $300 billion per year to tax evasion; and in times of budget cuts, with a smaller staff, the agency has allegedly turned to both data mining and data crunching.

In its quest to find and audit tax dodgers, the IRS is said to use online activity trackers to sift through the mass amounts of data available on the Internet, according to Marketplace. This data is then added to the information the agency already has on people, such as Social Security numbers, health records, banking statements, and property.

http://www.cnet.com/news/tax-dodgers-beware-irs-could-be-watching-your-social-media/
---------------------------------------------------------------------------------------------------------

Be smart and apply the first 2 rules on this forum... Not all here are for your best interest, especially when creating threads about "how many bitcoins you own?", etc...
http://youtu.be/MPITE_Ine-c
Eotnak
Member
**
Offline Offline

Activity: 117
Merit: 10


View Profile
April 16, 2014, 04:25:23 PM
 #84

Guys, you should grow up. If you don't like this system, go live somewhere else.

If one day, I hope it will not happen, you will be disabled and you'll need disability benefits, you will remember this discussion and you will thank people paying taxes. If tomorrow you will loose your job, I hope it will not happen, you will thank people paying taxes for the check that government will give you to help you transit to a new job.

LOL

There are people who get it, and people who don't.

Look at the federal budget for last year.  What money went where?
Look at your state budget for last year.  What money went where?
Look at your county budget for last year.  What money went where?
Look at your city/municipal budget for last year.  What money went where?

Now,

Look at your paychecks last month.  Add them up.  How much did you spend that month in federal taxes?  How much did you spend that month in state taxes?
Look at your property tax bills last year.  Add them up.  Divide by 12.  How much did you spend for property taxes per month?
Look at your city/municipal (if applicable) tax bills last year.  Add them up.  Divide by 12.  How much did you spend for city/municipal taxes per month?
Figure out how much gas you bought last month, and if you can, how much of that was taxed?
Look at everything you bought last month and add up the sales tax.
Cell phone?  Electricity? Land line?  ISP?  look at last month's bills.  Add up the taxes and government "fees".
Did you buy a house?  How much did you pay in taxes at closing?  Refinance?  Same question.  Sell a house?  Cha-ching!
Park at a meter?  Use mass transit?  Pay tolls?  Get caught driving without a seatbelt, or expired inspection?
Did I miss anything?

Add all that up and figure out how much you pay per month in taxes.  If you're like me, it's not quite your mortgage payment, but it's waayyy more than your car payment.  Also consider what those businesses pay in taxes where you spent your money.

Now think how many times you used government services last month and were satisfied with the outcome.  Were your roads clean, clear, and pothole free?  Did any local politicians get in trouble for misusing funds?  Go to a park?  How much litter did you see?  Look at the news, is there a town struggling with crime nearby, meanwhile when a cop is driving behind you, do YOU feel nervous?  Are you living in a town struggling with crime while a neighboring town has cops that ticket people for jaywalking?  Know anyone who works in government that is completely worthless?  The examples of government waste can go on and on and on...

BUT...you didn't do all of that did you?  I bet you didn't even read my entire post.  If you can't even be bothered to read a few paragraphs and consider their worth, then how can you be trusted to have a completely formed and well-thought out opinion on anything?  Much less an opinion on something that affects us all.

The simple fact is this:  The more money we as citizens make, the more our government can waste.  I would feel much better paying for people with disabilities, roads, etc. which would cost me next to nothing if I didn't also have to pay for inefficient, ineffective government.
dogechode
Full Member
***
Offline Offline

Activity: 182
Merit: 100


View Profile
April 16, 2014, 04:33:29 PM
 #85

So how are they supposed to build and maintain roads, garbage collection, sewage and water treatment, schools, police, national defense, etc etc etc? What do you propose, going around asking everyone nicely to please contribute what they think is fair and then praying that it covers the bills?

When anarchists try to explain their philosophy to statists, this is about the most common response.

If I use violence to extract money and to maintain a monopoly on the building of roads, then defenders of that regime can say "if the state didn't steal your money, we wouldn't have roads".

If I ensure people are defenceless, then defenders of the regime can say "if the state didn't steal your money, who would pay the police to protect you?"

The answer's aren't rocket science, but without reimagining society, most statists struggle to get their head around it. Most anarchists aren't simply saying stop paying taxes and leave everything as is. They are saying "what would happen if we lived in a world where violent coercion didn't exist?" "What would happen if instead of extorting money on threat of violence, we let individuals to work together to form communities, and let communities of communities work together?"

Society as it exists today is a symptom of the state.

That is basically a complete dodge of the question. Essentially you are saying "oh no that's not what we're saying" but then you fail to explain how you propose these things would get funded. The bottom line is we all know that everyone talks a big generous talk but when it comes down to it, no one is going to voluntarily pay to support many of the things they use and depend upon every day unless they ARE forced to. People are cheap bastards.
5flags
Full Member
***
Offline Offline

Activity: 224
Merit: 100

Professional anarchist


View Profile WWW
April 16, 2014, 04:37:39 PM
 #86

That is basically a complete dodge of the question. Essentially you are saying "oh no that's not what we're saying" but then you fail to explain how you propose these things would get funded. The bottom line is we all know that everyone talks a big generous talk but when it comes down to it, no one is going to voluntarily pay to support many of the things they use and depend upon every day unless they ARE forced to. People are cheap bastards.

The error in your thinking is that you are expecting an anarchist society to look like society today, just without the government. It won't.

I can't tell you how a road from A to B would be built, because it would be an organic process. Who wants it? Who needs it? Who is willing to design it? To build it? To contribute to it?

http://5fla.gs - @5flags on Twitter
jc01480
Hero Member
*****
Offline Offline

Activity: 854
Merit: 500


Nope..


View Profile
April 16, 2014, 05:01:53 PM
 #87

How did this thread get hijacked?  Oh....anarchists....
rayfloyd
Full Member
***
Offline Offline

Activity: 140
Merit: 100


View Profile
April 16, 2014, 05:57:52 PM
 #88

How did this thread get hijacked?  Oh....anarchists....

OP's name is cryptoanarchist.

It's still relevant

Bit_Happy
Legendary
*
Offline Offline

Activity: 2100
Merit: 1040


A Great Time to Start Something!


View Profile
April 16, 2014, 06:05:28 PM
 #89

Guys, you should grow up. If you don't like this system, go live somewhere else.
...

Not everyone has the option to "go live somewhere else".
What are those people supposed to do if they don't like to pay for corrupt BS?

dogechode
Full Member
***
Offline Offline

Activity: 182
Merit: 100


View Profile
April 16, 2014, 06:06:44 PM
 #90

Guys, you should grow up. If you don't like this system, go live somewhere else.
...

Not everyone has the option to "go live somewhere else".
What are those people supposed to do if they don't like to pay for corrupt BS?

They're supposed to get educated about the issues at hand, vote, write to their congress members, etc etc.

Honestly one of the biggest issues is people don't care or don't really know about the issues that they claim to be pissed off about. I love when they do surveys and find that for example 30% of people support one side, 25% support the opposite, and the rest don't know don't care or don't have any better idea.
Sage
Hero Member
*****
Offline Offline

Activity: 632
Merit: 500


View Profile
April 16, 2014, 06:10:09 PM
 #91

Guys, you should grow up. If you don't like this system, go live somewhere else.
...

Not everyone has the option to "go live somewhere else".
What are those people supposed to do if they don't like to pay for corrupt BS?

They're supposed to get educated about the issues at hand, vote, write to their congress members, etc etc.

Pissing in the wind...

To quote a mentor of mine...

“You never change things by fighting the existing reality.
To change something, build a new model that makes the existing model obsolete.”
― Richard Buckminster Fuller


We have that model now folks.  It's called crypto currencies.  Fucking use them.  And ignore the 3 letter agencies that will use every fear tactic at their disposal to keep you in their matrix.
whtchocla7e
Full Member
***
Offline Offline

Activity: 392
Merit: 116


Worlds Simplest Cryptocurrency Wallet


View Profile
April 16, 2014, 06:30:19 PM
 #92

Guys, you should grow up. If you don't like this system, go live somewhere else.
...

Not everyone has the option to "go live somewhere else".
What are those people supposed to do if they don't like to pay for corrupt BS?

They're supposed to get educated about the issues at hand, vote, write to their congress members, etc etc.

Pissing in the wind...

To quote a mentor of mine...

“You never change things by fighting the existing reality.
To change something, build a new model that makes the existing model obsolete.”
― Richard Buckminster Fuller


We have that model now folks.  It's called crypto currencies.  Fucking use them.  And ignore the 3 letter agencies that will use every fear tactic at their disposal to keep you in their matrix.


Yep, insert cryptocurrencies into the existing reality and this is what you get.

Instead of building a new economy around Bitcoin, the pump and dumpers, the speculators, the schemers, and all the other small time players thought it would be a great idea to fight the existing reality..

Your quote kind of backfired but no worries.

Quote
▂▂▂▂▂▂▂▂▂▂▂▂▂▃▅▆█ L E A D █▆▅▃▂▂▂▂▂▂▂▂▂▂▂▂
World's Simplest and Safest Decentralized Cryptocurrency Wallet!
▬▬▬▬▬▬▬ • STORE • SEND • SPEND • SWAP • STAKE • ▬▬▬▬▬▬
Sage
Hero Member
*****
Offline Offline

Activity: 632
Merit: 500


View Profile
April 16, 2014, 06:34:23 PM
 #93

Guys, you should grow up. If you don't like this system, go live somewhere else.
...

Not everyone has the option to "go live somewhere else".
What are those people supposed to do if they don't like to pay for corrupt BS?

They're supposed to get educated about the issues at hand, vote, write to their congress members, etc etc.

Pissing in the wind...

To quote a mentor of mine...

“You never change things by fighting the existing reality.
To change something, build a new model that makes the existing model obsolete.”
― Richard Buckminster Fuller


We have that model now folks.  It's called crypto currencies.  Fucking use them.  And ignore the 3 letter agencies that will use every fear tactic at their disposal to keep you in their matrix.


Yep, insert cryptocurrencies into the existing reality and this is what you get.

Instead of building a new economy around Bitcoin, the pump and dumpers, the speculators, the schemers, and all the other small time players thought it would be a great idea to fight the existing reality..

Your quote kind of backfired but no worries.


Good Lord, are you really that short-sighted?

And that blind to everything good about crypto currencies?

Anyone can cherry pick all that is bad.  But only reveals your ignorance for not including all that is good as well.

Are you really that ignorant?  Or are you just another government shill?

All those "problems" will get sorted out.  In the meantime crypto currencies even in their current "flawed" state are vastly superior to the legacy banking system, and have more then made the current model obsolete.


...But go ahead and hallucinate otherwise.  The cat is out of the bag.  Your 100 year scam is crumbling by the day.  You and your 3 letter agencies are fucked on this one. 







achillez
Hero Member
*****
Offline Offline

Activity: 874
Merit: 1000


View Profile
April 16, 2014, 06:39:39 PM
 #94

I paid my taxes, both income for mining + capital gains. I was absolutely thrilled to do it. I never would've figured that bitcoin would make anything, it was originally intended to be a hobby. It's a great boon I made anything at all.

Paying taxes to live and enjoy one of the best areas in the world is a non-issue for me.
dogechode
Full Member
***
Offline Offline

Activity: 182
Merit: 100


View Profile
April 16, 2014, 07:00:35 PM
 #95

I paid my taxes, both income for mining + capital gains. I was absolutely thrilled to do it. I never would've figured that bitcoin would make anything, it was originally intended to be a hobby. It's a great boon I made anything at all.

Paying taxes to live and enjoy one of the best areas in the world is a non-issue for me.

Exactly. People come from just about every other country on the planet to be here yet a lot of people born here just sit around and complain. Things aren't perfect anywhere and human nature includes some negative tendencies so of course we have some issues in the current system. But given the choice I wouldn't rather be anywhere else - you can pry my eagle passport from my cold dead hands lol.

OP, if you have an issue with the tax system (I agree we get taxed a lot, perhaps too much) then do something constructive about it. What you are doing is akin to the tenants that say "well I won't pay my rent this month because the landlord hasn't fixed XYZ in the apartment." Wrong approach dude.
nuff
Sr. Member
****
Offline Offline

Activity: 266
Merit: 250


View Profile
April 16, 2014, 07:02:11 PM
 #96

what a fool leave sleeping dogs alone
The dogs are not asleep. The dogs of government are rabid, and they have been devouring innocent people for a hundred years. It's time to put them down.

Anyone who is worried about the tax implications of holding cryptocurrency, don't be. Cryptocurrency is the END of fiat, capiche?

There is no going back. Nation-state scrip is a dead thing walking. The IRS is a dead thing walking. The US dollar is most CERTAINLY a dead thing walking.

Even capitalism itself is rapidly becoming a dead thing walking.


Cryptocurrency won't be the end of fiat, it will be alongside fiat just that fiat usage will gradually be reduced. Just like the emergence of the internet and email, we now simply send emails rather than letters, but still for certain occasions we'd still lick up a stamp and stick it in a corner for good old-fashioned snail mail, for whatever reason.

Back to OP's subject, I suspect the government of the USA is still trying to figure out what to make of Bitcoin (or rather, how to best capitalise on it). Is it a commodity or a currency? Is it both or neither? But one thing governments around the world(the greedy ones at least) do know for bloody sure, is to tax first, everything else later.
7Priest7
Sr. Member
****
Offline Offline

Activity: 392
Merit: 250


View Profile
April 16, 2014, 08:03:52 PM
 #97

Isn't spending bitcoins a tax event, meaning you must account for the fiat value of any gains regardless (i.e. fiat value of the goods or services you purchase minus fiat value of the bitcoins when you acquired them)?  The tax ruling was not just about converting BTC to fiat.
They even consider trading bitcoins for bitcoins to be a taxable event.
It is absurd.
I commend the op and anybody with the balls to refuse their outrageous demands.

Taxing bitcoins is like taxing maplestory mesos or any in-game currency, it's silly.
moriartybitcoin
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500

★777Coin.com★ Fun BTC Casino!


View Profile
April 16, 2014, 08:08:00 PM
 #98

Good post.

I own the entire Moriarty Bitcoin Network of 50+ websites including BitPlastic.com, BitLaunder.com, etc ... we do transactions of over 100 bitcoins daily throughout the network.

Guess how much tax we paid?

0.00

The IRS is the biggest scam in history.  The Federal Reserve can print all the money it needs.  The only reason it taxes the population is to keep the middle class in check. 

My network of sites reports transactions to no government whatsoever!  And we do not maintain records on our customers nor verify identities. If you use CoinBase or CaVirtEx, the US and Canadian governments will know exactly how much money you spent on Bitcoins. And eventually you will get a knock on the door.

Stay safe.

Dr. Michael Moriarty

moriartybitcoin
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500

★777Coin.com★ Fun BTC Casino!


View Profile
April 16, 2014, 08:15:12 PM
 #99

OP - I would invite you to write a crypto-anarchist/libertarian post on Bitcoin taxes for my magazine, http://BitForum.org

It seems you have some interesting insights and we would be honored to have you as a Guest Author.

Dr. Michael Moriarty

dotcom
Sr. Member
****
Offline Offline

Activity: 354
Merit: 250



View Profile
April 16, 2014, 08:18:11 PM
 #100

A cryptoanarchist bitcoiner with a bank account?

Blasphemy!

The only place I keep fiat is in my wallet. Banks are for suckers.

You don't have a bank account.  That means that you probably don't have a house, or a credit card, direct deposit, or children, or any of the other things that are part of normal life.  You are basically a monk of a pseudo-religion.  Your experience is so far from our own that any advice that you might have is likely to be useless or even dangerous to us.

Monks cannot provide a good example to the rest of us, because if we all lived like monks there would be no families and thus no future.  All purely monastic societies die sooner or later.

This post made me laugh so hard I nearly shit myself.

This WAS meant as a joke right?
Pages: « 1 2 3 4 [5] 6 7 8 9 10 11 12 13 14 15 16 17 »  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!