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Yeah, good luck attributing those transactions to me, or to anyone else for that matter. Sure if you're an already existing company it's a good idea to keep ac

Yeah, good luck attributing those transactions to me, or to anyone else for that matter. Sure if you're an already existing company it's a good idea to keep accurate records, file forms etc. but if your some 15 year old kid with a great idea who cares, go for it! With the arrival of new businesses operating entirely from within the bitcoin economy and cypherspace no amount of government regulation will matter. How can you tax something you can't even find, or stop or do anything to?

jrmg 16y ago
I guess our political views differ. I find the idea of cheating on taxes rather distasteful. In any case, morals aside, I don't really see why this is different to cash for taxation purposes. Cash is also basically untraceable, and while there are certainly plenty of under-the-table transactions that mean it's not taxed 100% accurately, it's pretty hard to get away with avoiding taxes indefinitely if you're handling a lot of it. I don't understand why bitcoin would be any different.
- dublinclontarf 16y ago
  Exactly just like cash, people like cash. However you could sell a lot of online services with bitcoins, potentially millions of USD worth without the taxman getting so much as a sniff that anything odd is happening. Nor even if they investigated you would they be able to prove anything(depending on your lifestyle,no pricy sports cars). With regards to my political views, I'm not a fan of paying governments to screw me. I tend to like the idea of keeping the wealth I created. But more importantly I like being able to make that wealth with methods that the government might not approve of. And bitcoin can allow me to do that.
  - lutorm 16y ago
    I tend to like the idea of keeping the wealth I created. You should add, "while letting everyone else pay for the benefits I receive," just so it's clear.
    - dublinclontarf 16y ago
      When I use those benefits I pay. Internet, I pay for it. Healthcare, I pay for that too. Education, you can be sure I paid for that. Roads, pay the toll, pay road tax.Pay petrol tax. Pay tax on the required insurance. Research? Paid for it when I bough the product that was used to monetise it. I've been working since I was 15, paying taxes since I was 16. I'm nearly 30 now. I'm not wealthy by any count but you can be damn sure I've paid plenty. I save my money in the bank I pay tax in the interest, I save money in my pension, I pay tax when I withdraw it. I buy shares I pay tax, sell I pay tax. I even have to sell the shares every few years just so the government can tax me on it in the meantime. I own a house, I pay tax just for the privalege (I don't own a house by the way, just saying). I get taxed on the money I make as income, I get taxed on the money I spend as sales tax, I even get taxed on the money I don't spend. If I give what little I've earned to my kids when I die, a huge whopping chunk of it is taken in tax. If I have a home, and I give it to my kids when I die, they have to sell it to pay for the tax the government has charged. I'm wondering where other people are paying for me, cause from what I see I'm paying for everything I get and use, and paying tax. I think, one less way the government can squeeze a little bit more blood out of a person is a good thing. So you can just go ahead and suck my cock with your collectivist claptrap.
      - lutorm 16y ago
        So you can just go ahead and suck my cock with your collectivist claptrap. That's real eloquent of you. Yeah, I'm sure you only benefited from services that are directly taxed. How wrong I was... If this is the level of farsightedness in the bitcoin community, I'll know to stay away now, thanks. To remain nominally on-topic: unless you live in a place like Somalia, Afghanistan, or Iraq, I'm pretty sure you are benefiting from living in a country with a stable government and enforceable laws and contracts and all that. I'm also pretty sure you'd like someone to go after those who might all of a sudden take off with your retirement savings (unless you have them in Bitcoin) or that prevents a gang of armed thugs from kicking you out of the home you were planning to give to your kids. Well here's the news, take away your despicable, tax-stealing government and all those things go away. I'm pretty sure that there's a very strong correlation between a government funded by general taxes and the presence of said benefits. Show me one example where there's functioning rule of law without a functioning government. And a government does in fact cost money to run.

jrmg 16y ago

I guess our political views differ. I find the idea of cheating on taxes rather distasteful. In any case, morals aside, I don't really see why this is different to cash for taxation purposes. Cash is also basically untraceable, and while there are certainly plenty of under-the-table transactions that mean it's not taxed 100% accurately, it's pretty hard to get away with avoiding taxes indefinitely if you're handling a lot of it. I don't understand why bitcoin would be any different.

dublinclontarf 16y ago
Exactly just like cash, people like cash. However you could sell a lot of online services with bitcoins, potentially millions of USD worth without the taxman getting so much as a sniff that anything odd is happening. Nor even if they investigated you would they be able to prove anything(depending on your lifestyle,no pricy sports cars). With regards to my political views, I'm not a fan of paying governments to screw me. I tend to like the idea of keeping the wealth I created. But more importantly I like being able to make that wealth with methods that the government might not approve of. And bitcoin can allow me to do that.
- lutorm 16y ago
  I tend to like the idea of keeping the wealth I created. You should add, "while letting everyone else pay for the benefits I receive," just so it's clear.
  - dublinclontarf 16y ago
    When I use those benefits I pay. Internet, I pay for it. Healthcare, I pay for that too. Education, you can be sure I paid for that. Roads, pay the toll, pay road tax.Pay petrol tax. Pay tax on the required insurance. Research? Paid for it when I bough the product that was used to monetise it. I've been working since I was 15, paying taxes since I was 16. I'm nearly 30 now. I'm not wealthy by any count but you can be damn sure I've paid plenty. I save my money in the bank I pay tax in the interest, I save money in my pension, I pay tax when I withdraw it. I buy shares I pay tax, sell I pay tax. I even have to sell the shares every few years just so the government can tax me on it in the meantime. I own a house, I pay tax just for the privalege (I don't own a house by the way, just saying). I get taxed on the money I make as income, I get taxed on the money I spend as sales tax, I even get taxed on the money I don't spend. If I give what little I've earned to my kids when I die, a huge whopping chunk of it is taken in tax. If I have a home, and I give it to my kids when I die, they have to sell it to pay for the tax the government has charged. I'm wondering where other people are paying for me, cause from what I see I'm paying for everything I get and use, and paying tax. I think, one less way the government can squeeze a little bit more blood out of a person is a good thing. So you can just go ahead and suck my cock with your collectivist claptrap.
    - lutorm 16y ago
      So you can just go ahead and suck my cock with your collectivist claptrap. That's real eloquent of you. Yeah, I'm sure you only benefited from services that are directly taxed. How wrong I was... If this is the level of farsightedness in the bitcoin community, I'll know to stay away now, thanks. To remain nominally on-topic: unless you live in a place like Somalia, Afghanistan, or Iraq, I'm pretty sure you are benefiting from living in a country with a stable government and enforceable laws and contracts and all that. I'm also pretty sure you'd like someone to go after those who might all of a sudden take off with your retirement savings (unless you have them in Bitcoin) or that prevents a gang of armed thugs from kicking you out of the home you were planning to give to your kids. Well here's the news, take away your despicable, tax-stealing government and all those things go away. I'm pretty sure that there's a very strong correlation between a government funded by general taxes and the presence of said benefits. Show me one example where there's functioning rule of law without a functioning government. And a government does in fact cost money to run.