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I don't mind being taxed at all. What I find stressful is calculating - not just the 'what was the USD price at the time of the exchange' that has to be manual
by mancerayder 9y ago
I don't mind being taxed at all.
What I find stressful is calculating - not just the 'what was the USD price at the time of the exchange' that has to be manually entered and looked up into the exported CSV spreadsheet... BUT tying that to the movement of coin from Coinbase to the exchange. It's a pain.
I regret using Bittrex, as there's almost no tooling for this available.
- kristallizer1 9y agohttps://bitcoin.tax/ https://bitcoin.tax/ might be what you are looking for.
- throwaway30yo 9y agoI on the other hand, mind being taxed.
- simonswords82 9y agoNot saying I disagree with you, but I'd like to understand your reasoning...
- kareldonk 9y agoIf i may: https://blog.kareldonk.com/on-money-bitcoin-and-cryptocurrencies-in-general/ https://blog.kareldonk.com/on-money-bitcoin-and-cryptocurren...
- etherael 9y agoI also mind being robbed. And for exactly the same reason.
- BearGoesChirp 9y agoCan't speak for them, but for me the issue isn't all taxation, but it is the extent of taxation and what it is spent on. I mind being taxed when that money is going to corrupt government contracts, being used to kill innocent people, and a number of other positions which I would get varying levels of agreement with. Taxes used for ensuring murderers aren't free on the street is a lot different than taxes used to put people in prison for pot. This is especially true since we are at a point where most people are taxed without representation, because their vote buys so little in comparison to lobbying or other factors (such as us having first past the poll system of election in the US).
- throwaway30yo 9y agoI disagree with a solid 80% of government spending. Lots go against my core values and morals. Currently right now as a Canadian I even have to pay taxes for religious schools, a religion which was responsible for molesting my father as a child. I pay against my will because the government holds a monopoly on violence. They will lock me up for not paying. A society built on top of the threat of violence is not one I endorse.
- cinquemb 9y agoNow what I want to know, why is it so hard for some to imagine that those who share your opinions around the world, would not eventually be self interested to use such tools like crytocurrencies to finance/allocate operations that end up helping to dismantle/replace/circumvent the systems that they don't want to pay for with those that they would? Isn't that the only way governments' have come and gone on this planet? Well of course if people seriously think locking up your tax chattel so they can not be productive at all (assuming they were locked up on tax evasion, yet still contributing goods/services to someone/thing else) is a effective allocation of resources, then there is no way to argue against that.
- mancerayder 9y agoAll valid points - and the U.S. government is even worse, considering the defense budget. But while naughty, the alternatives to these governments are private individuals / militias / warlords doing far worse against your values and morals.
- logfromblammo 9y agoNor is it one I endorse, but it is the kind I have to live in. I can pay taxes without grousing about it too much, so long as they're just taking my money. It's when they start taking my time that I start to get bitchy about it. If it takes me 20 times longer to calculate the taxes associated with doing something than it actually took for me to do the thing, then that tax is simply not reasonable, no matter how much or how little it costs in dollars. The worst part of the entire US tax system is the requirement to self-report on taxable events. If the IRS really wants to dig down in such detail to find out what I owe them every time I move money from my left pocket to my right, they can damned well send me a pair of tax-compliant pants. Write wallet software for US users that makes the tax compliance automatic and seamless, don't bother trying to collect taxes that can't be fairly enforced solely through self-reporting, or FOAD. It's like they think we exist only to do their paperwork and write them checks. Do they even realize how much more I'd be willing to pay in taxes if I didn't have to do an annual ritual humiliation of proving to them through the submission of forms and reports that I am not trying to cheat? If they just sent me a freaking bill, so long as it explained why my regular payroll withholding wasn't enough, and the amount seemed plausibly close to correct, I'd probably just pay it. There is no particular need for me to fill out 12 pages of forms, so that I can figure out what I think I should owe, based on my own understanding of the tax code. Likewise, if I were due a refund, they could just send out a check. It's not just based on violence. It's also based on institutional bureaucratic displays of social dominance.
- throwaway613834 9y agoDo you also mind having free public schools and roads...?
- throwaway30yo 9y agoThose things are free? I feel like I have been paying for them since I got my first job at 14. I'll probably still be paying for them when I am 80.
- froindt 9y agoAnd you'll still be using them when you're 80.
- Florin_Andrei 9y ago> I on the other hand, mind being taxed. Surely you also mind being the member of a civilized society.
- jMyles 9y ago> I don't mind being taxed at all. Spoken like somebody who has never had a taxpayer-funded clusterbomb dropped on their children. Taxes pay for evil. The only reason I pay them is because I don't want to be a victim of violence myself.
- arcticbull 9y agoSpoken like someone who's never lived under a functioning socialized government like, say, Canada.
- jMyles 9y agoI love Canada! I have no problem with Canada. But I don't think it's fair to consider one nation in isolation; the entire world system has afforded hegemonic states for over a century now. Time to bring it to a close.
- arcticbull 9y agoI agree, I picked a single one, though I could also have pointed at the UK, Ireland, Norway, Sweden, Finland, Iceland, Denmark, Germany, France, the Netherlands, Switzerland and so on. Curious what you mean by bringing it to a close, though.
- jMyles 9y agoI mean deprecating the system of state sovereignty in its entirety. I believe this to be the inevitable effect of the internet.
- arcticbull 9y agoInteresting, I think your point about equalization and homogeneity is a likely outcome. I think state sovereignty is interesting when viewed as hundreds of simultaneous experiments in different ways of self-organization. Since it seems nobody has quite perfected it yet (?) I think we're not quite ready yet, though the vision is an enticing one.
- jandrese 9y agoA CSV file is a dream compared to what you might have to go through with on normal stocks. My wife inherited a small amount of telecom stock from her grandmonther who worked for AT&T back in the early days. No records had been kept as to when the stocks were bought (they were part of her salary I think). Of course they were all acquired before the Bell breakup. So what she inherited was a big mess of baby bells and about once a year or so one of them will be bought out and they'll do a stock merger and automatically sell any fractional shares left after the merger so we have to pay the Capital Gains on that sale. I am still not sure how someone without a Lexus Nexus account is supposed to calculate the net profit on those shares. Thus far most of them have been small and we've been calling the entire thing profit (purchase price of $0) but I know one of these days we're going to have to do it for real.
- mancerayder 9y agoSomething like that I'd collect all the paperwork, put a few stickies with whatever additional information, and give the pile to my accountant. I can't for the life of me comprehend why people do their own taxes. A quality accountant costs maybe 400-500 bucks, which sounds a lot but depending on your salary, it can represents many thousands of dollars of savings. My theory is it's the do-it-yourself fix-the-house type mentality. But that mentality misses that the tax system is intentionally left complicated, requiring experts to help the rich save their riches. Just get an accountant. :-)
- jandrese 9y agoSpending $400-$500 to save me the tax on a $17.40 fractional stock sale sale doesn't seem like a prudent investment. Might be worth it if we ever had to do a big sale though.
- UncleMeat 9y agoDon't you get a step up? The basis is the price when inherited.