Quote:
Originally Posted by holograph
How would you peg $7 to your mined bitcoin?
is it by time-stamp when it hit your wallet or when it was actually mined (issued) to a mining pool where you mine, or few milliseconds later when pool assigned it to your account?
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That same idiotic question and can be asked of anything of value that is bought, sold, traded/bartered and so on. You can pose hypotheticals until you fall over and die. Obviously there are many interesting questions, but that doesn't change the fact that... these questions have already been answered time and time and time again, both in the courts and in the Internal Revenue Codes.
The IRS does not need a new section to the internal revenue codes to clarify this for anyone as L-Pink keeps pointing out. All they have to do is say you owe money. Its that fucking simple., "how...this".. "how that..."... "how the other thing" is 100% irrelevant when they show up at the door announcing your delinquent taxes based on their own assessment of what the value was, what you earned, what taxes are due, what the penalties will be and so on.
All the immature kids and social retards on this forum simply don't get that in the USA as with most western countries, tax authorities let you know what you owe, if you fail to do so. It is that simple. Once you've crossed that line, ... once that threshhold is passed... the
burden of proof IS ON YOU... not the IRS... and it can cost you dearly. I understand though that all the GFY millionaires think they can just go to trial with the IRS and their army of 1000.00/hr attorneys and get their own childish way.