104 upvotes, 4 direct replies (showing 4)
View submission: Don't invest recklessly
Those fuckers will shut it down so fast. The IRS is already subpoenaed coin base for their transaction records.
No one likes paying taxes but let's be real. It's a miracle Coinbase has gone even this far without having to actively report to the IRS. Why should a bitcoin investor keep gains tax free while a gold ones has to pay? If your belief is taxation as a whole shouldn't be a thing, that's a discussion for somewhere else.
Comment by knadkicker1 at 30/11/2017 at 21:26 UTC
21 upvotes, 7 direct replies
The IRS is not going to be able to keep tabs under block chain technology. Income tax is disgusting and unconstitutional, I don’t give a fuck with the Supreme Court says. Your money is your money. I’m not against paying taxes but I am against government keeping tabs on every damn thing we do. It’s none of their fucking business what we do with our money unless it’s illegal. What you buy with your money is a different story. They are not going to be able to control taxes in less they adopt a national sales tax model instead of income taxes.
Comment by [deleted] at 30/11/2017 at 15:48 UTC
3 upvotes, 2 direct replies
In reality, crypto investors should be taxed every time they exchange bitcoins for altcoins as well.
Comment by Chilly_Bob_Thornton at 16/12/2017 at 16:36 UTC
1 upvotes, 0 direct replies
capital gains tax? I believe that would apply to bitcoin profits...
Comment by nates1984 at 07/01/2018 at 03:32 UTC
1 upvotes, 0 direct replies
Oh god, this comment chain has spawned commentary from the dark enlightenment, techno-libertarian crowd. Thinking about how the internet came into existence, and how those commentators have access to it and use it to complain about taxation is fucking lol worthy.