Post
Topic
Board Legal
Re: Capital Gains Taxes (USA)
by
Bitware
on 18/04/2015, 23:02:19 UTC

if you want to avoid taxes at all, just pay in bitcoin directly, and never exchange them, even if they track you, they can't do shit, because bitcoin it self isn't taxable, is just the gain in fiat that it is

This is very bad advice that can get you in trouble if you follow it.

how so? something like this could only help adoption(as long as everyone will do it, merchants too), because it prevent dumping btc for fiat

Because bartering is a taxable event per IRS http://www.irs.gov/taxtopics/tc420.html ... and not paying your taxes for your bartering will get your assets seized and forfeited, with additional penalties, fines, costs and imprisonment for nonpayment of taxes and criminal charges of tax evasion.