ijphlrnxewho (OP)
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January 21, 2015, 02:25:17 AM
Last edit: January 29, 2015, 05:21:54 PM by Actor_Tom_Truong |
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Bitcoin is tax free!Bitcoin is protected by militia groups all over the world. Small businesses don't have to pay taxes to militia groups if using Bitcoin. However, they must pay taxes if they convert their Bitcoin to the USD. Anyone use the USD must pay taxes. Period! 13 inbred Terrorist European Bloodlines created private companies known as The Federal Reserve and the IRS. The U.S. government has been captured. The private company IRS have jurisdiction in the USA to collect taxes in USD. You must pay taxes to the Bilderberg Group (Illuminati) if you are using the USD. Here's an example: Let's say you pay for goods & services using your used underwear. Do you think the private company IRS will be able to tax you? In the modern day, Bitcoin is your polished form of used underwear.  ------------------- Related thread: There is no Tax and there never be any Tax on Bitcoin. PERIOD.https://bitcointalk.org/index.php?topic=420530.0
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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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TCM
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January 21, 2015, 03:02:35 AM |
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Alcohol is bad, mmkay?
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MineForeman.com
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January 21, 2015, 03:04:21 AM |
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All fiat money is tax free as well if you don't pay your taxes.
Jail will be a likely consequence in all cases though (including bitcoin).
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TrailingComet
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January 21, 2015, 07:17:22 AM |
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Easy on the weed, buddy..
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Dread Pirate Roberts
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January 21, 2015, 07:22:19 AM |
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bitcoin will never have a tax later . and we will never feel it
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chronicsky
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Just looking for peace
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January 21, 2015, 08:04:03 AM |
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Obviously Bitcoin is tax free , but not actually , when you buy bitcoin you pay tax , if you cash it , you pay tax. If you're a miner(ammmm these days? ) , you surely paid tax on the machine. so it really ain't tax free unless untill you're just earning it online and not cashing it out. you cash it ,you pay tax so how exactly is it Tax Free?  |
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deine mudder
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January 21, 2015, 09:20:57 AM |
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Bitcoin is taxed with 10% a year with indirect tax via the inflation.
The tax is paid to the miners.
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Agestorzrxx
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January 21, 2015, 10:32:17 AM |
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It's not tax free.
When you buy something, it would be taxed, no matter which pay way you chose.
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waaat?
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January 21, 2015, 10:43:06 AM |
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tax to exchanges 0.25% for every transaction + withdrawal fees
then tax for tx
and then like mentioned above indirect tax by inflating it
- so there is a lot of tax and fees associated with btc too -
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EFS
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Crypto Swap Exchange
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January 21, 2015, 11:00:02 AM |
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tax to exchanges 0.25% for every transaction + withdrawal fees
then tax for tx
and then like mentioned above indirect tax by inflating it
- so there is a lot of tax and fees associated with btc too - It's not tax. It's processing fee. |
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waaat?
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January 21, 2015, 11:02:39 AM |
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tax to exchanges 0.25% for every transaction + withdrawal fees
then tax for tx
and then like mentioned above indirect tax by inflating it
- so there is a lot of tax and fees associated with btc too - It's not tax. It's processing fee. Taxes are fees too for using the infrastructure and being protected by the military. |
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madmax6688
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January 21, 2015, 11:04:44 AM |
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Until you sell your bitcoin and get hit by the US government if you lie there, asking where the sudden cash originated from.
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EFS
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Crypto Swap Exchange
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January 21, 2015, 11:06:34 AM |
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tax to exchanges 0.25% for every transaction + withdrawal fees
then tax for tx
and then like mentioned above indirect tax by inflating it
- so there is a lot of tax and fees associated with btc too - It's not tax. It's processing fee. Taxes are fees too for using the infrastructure and being protected by the military. But fees are not taxes. You pay fee for a (private) service, not for (public) government. |
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madmax6688
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January 21, 2015, 11:07:40 AM |
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tax to exchanges 0.25% for every transaction + withdrawal fees
then tax for tx
and then like mentioned above indirect tax by inflating it
- so there is a lot of tax and fees associated with btc too - It's not tax. It's processing fee. Taxes are fees too for using the infrastructure and being protected by the military. But fees are not taxes. You pay fee for a (private) service, not for (public) government. Those fees eventually end up in some government's pocket due to their tax demands on the institution that took the fees in the first place. |
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Gervais
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January 21, 2015, 11:17:05 AM |
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Bitcoin is tax free!
Bitcoin is protected by militia groups all over the world. Small businesses don't have to pay taxes to militia groups if using Bitcoin.
However, they must pay taxes if they convert their Bitcoin to the USD.
Yeh, I'm sure the judge will buy that excuse when you're sat in court for tax evasion. You have to pay taxes on bitcoins if you earn them as a wage and I'm pretty sure there are other situations where you will have to too. Each country will have different laws in that respect so it's best checking before following some random persons advice on the internet. |
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countryfree
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Your country may be your worst enemy
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January 21, 2015, 04:03:40 PM |
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Bitcoin is tax free!
Bitcoin is protected by militia groups all over the world. Small businesses don't have to pay taxes to militia groups if using Bitcoin.
Good to know! Thanks for info, man. By the way, could you please give the toll-free phone number of that militia group, so that I can request their assistance in case some government pigs want to tax my BTC? |
I used to be a citizen and a taxpayer. Those days are long gone.
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lolx
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January 21, 2015, 04:08:52 PM |
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So why they charges transaction fee!!....haha  |
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BitBlitz
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Turning money into heat since 2011.
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January 21, 2015, 04:15:36 PM |
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I'm loking forward to: Bitcoin is Actor_Tom_Truong free!
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I see the value of Bitcoin, so I don't worry about the price...
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aztecminer
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January 21, 2015, 04:40:31 PM |
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All fiat money is tax free as well if you don't pay your taxes.
Jail will be a likely consequence in all cases though (including bitcoin).
http://www.newsmax.com/Finance/IRS-US-tax-foreign/2014/08/06/id/587148/"President Obama, as promised, is changing America. High taxes and abusive enforcement are compelling businesses and ordinary citizens to leave the country altogether. The United States has much higher corporate tax rates than other industrialized countries do, and increasingly, the IRS uses more aggressive enforcement tactics than foreign tax authorities use." i am a firm believer that the usa needs a magna carta. the IRS 'interest to infinity' massively high taxes and fines is *DEBT SLAVERY* starting with the usa-interest-to-infinity-school-loan-scheme and now the obama-irs-scheme-care . the irs is being used as a political weapon now and needs to be completely abolished due to the corruption and abuse. |
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LiteCoinGuy
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In Satoshi I Trust
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January 21, 2015, 04:46:25 PM |
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lol, that crazy dude again !
"9/11 TERROR ATTACK!! MAKE SURE YOU TURN OF THE LIGHT WHEN LEAVING THE HOUSE! BITCOIN AND GHANDI WILL WIN!"
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oblivi
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January 21, 2015, 06:14:04 PM |
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tax to exchanges 0.25% for every transaction + withdrawal fees
then tax for tx
and then like mentioned above indirect tax by inflating it
- so there is a lot of tax and fees associated with btc too - It's not tax. It's processing fee. Taxes are fees too for using the infrastructure and being protected by the military. But fees are not taxes. You pay fee for a (private) service, not for (public) government. It's neiter a tax or a fee, it's a joke! It's so cheap it's just ridiculous (unless you want fast ass transactions so you have to up your fee tho). |
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coinz19
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January 21, 2015, 06:18:01 PM |
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Has the IRS upgraded all of its protocols to include Bitcoin, or are there still a few loopholes?
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dmugetsu
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January 21, 2015, 07:23:40 PM |
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Ever heard of fee in transaction? Easy there |
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demonicsheikh
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January 21, 2015, 07:32:53 PM |
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Bitcoin has always been tax free that is why IRS get tickled by Bitcoins
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botany
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January 24, 2015, 08:57:27 AM |
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Ever heard of fee in transaction? Easy there Tax is different from transaction fee. Plus if your coins have high priority, transactions may be free. |
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Tdowns
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January 24, 2015, 09:17:34 AM |
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Most of the merchants using bitcoin as a currency do convert it to fiat as it can be a risk, and they do eventually end up paying taxes.
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TCM
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January 25, 2015, 01:57:12 AM |
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Yeah, you pay VAT if you buy stuff with BTC, but do you pay income tax if you amass BTC? How would anyone know?
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botany
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January 26, 2015, 02:24:36 AM |
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Yeah, you pay VAT if you buy stuff with BTC, but do you pay income tax if you amass BTC? How would anyone know?
VAT doesn't exist in all jurisdictions. Capital gains may be applicable when you sell BTC. If you buy and hold, I don't see any problems. |
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TCM
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January 26, 2015, 03:20:23 AM |
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Capital gains may be applicable when you sell BTC.
OK, example: You buy a gift card or some gadget with BTC. You pay VAT (or not). Where is the tax on capital gains here? You go to localbitcoins and transfer some BTC for a wad of cash in your hand. Where's the tax? I think that's what people mean when they say BTC is tax-free. |
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wunkbone
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January 26, 2015, 05:15:44 AM |
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This is actually not correct. Anyone who uses their bitcoin to purchase any kind of good or service will owe taxes on capital gains they have on their bitcoin. It does not matter if they never convert their bitcoin to fiat
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TCM
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January 26, 2015, 05:17:51 AM |
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Try not to think like a good citizen for a moment and imagine that, yes, you owe this tax, but you don't pay it. How would anyone get the idea that you owe it? I mean how would anyone know you even own BTC?
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Gumbork
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January 26, 2015, 05:19:50 AM |
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condoms should be tax deductible, or tax free at lease.
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kpitti
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January 26, 2015, 11:00:51 AM |
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Bitcoin is tax free, but life is not  I do not get your points. |
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bornil267645
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January 26, 2015, 06:14:33 PM |
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TAX FREE!! I don't think so.. When you buy something you must be taxed by any process if it is bitcoin or convert it into USD.
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turvarya
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January 26, 2015, 06:25:26 PM |
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Capital gains may be applicable when you sell BTC.
OK, example: You buy a gift card or some gadget with BTC. You pay VAT (or not). Where is the tax on capital gains here? You go to localbitcoins and transfer some BTC for a wad of cash in your hand. Where's the tax? I think that's what people mean when they say BTC is tax-free. Do you pay taxes when you buy a gift card with fiat? No. You pay taxes(VAT) when you purchase something with your gift card. |
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OrientA
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January 26, 2015, 06:50:49 PM |
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Bitcoin is taxed with 10% a year with indirect tax via the inflation.
The tax is paid to the miners.
That is the transaction cost. If you use fiat, you need to pay your bank. |
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bigkahuna
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January 26, 2015, 07:05:40 PM |
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Tax-free is in the eye of the beholder of Bitcoins! Does the law really come into play here?
The wealthiest 50% certainly don't pay their share of taxes. Why should we be so concerned?
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dyalldough
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January 26, 2015, 07:13:33 PM |
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Has the IRS upgraded all of its protocols to include Bitcoin, or are there still a few loopholes?
I'm pretty sure the IRS has got that covered. They don't like to lose revenue. |
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TCM
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January 27, 2015, 02:34:30 AM |
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Do you pay taxes when you buy a gift card with fiat? No.
You pay taxes(VAT) when you purchase something with your gift card.
And where's the capital gains tax? Noone denied VAT. |
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turvarya
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January 27, 2015, 09:47:33 AM |
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Do you pay taxes when you buy a gift card with fiat? No.
You pay taxes(VAT) when you purchase something with your gift card.
And where's the capital gains tax? Noone denied VAT. Oh sorry, my bad. I think, that is one of this question, where there is no definite ruling, yet, and if there would be, than it would differ from country to country. |
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AGD
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Keeper of the Private Key
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January 27, 2015, 03:47:29 PM |
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Taxi?
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