Quote:
Originally Posted by Dead
Ladies and Gentleman,
Welcome to the Wild Wild West!
Sure be a good upstanding citizen and claim every spec of gold you pull from your claim, we do appreciate that, and require this by law.
To the outlaws that are doing trade with others that will most likely do the same, we will get you, Cause we are a very efficient branch of government that will not tolerate those kind of shenanigans!
Give me a break!!!! Those asshats have more to worry about then some made up cyber currency, have you seen the spin on the local channel?. Let me rephrase this, until the feds get their shit together, I will do everything at my disposal, to take advantage of the system as much as the base line is capable of.
The whole thing is broke, lets not feed the machine any more then We see fit.
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I'm not an IRS agent and personally don't give a fuck what people do or don't do on their personal taxes any more than I care what drugs they take. The only points I'm trying to make are don't be ignorant of existing laws. Make informed decisions aware of the facts.
The IRS doesn't take "oops my bad, I didn't know" as an excuse.
Bitcoins while new still fall under existing tax laws regarding profit on assets. Having a business come here and falsely say profit earned isn't taxable if they pay by bitcoin is foolish. Always know the law but obey it at your informed discretion.
Personally ??.. I'm pissed I didn't load up when they were cheap and envious of those that did. Then again I didn't buy microsoft or google at their lows either.
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