Quote from: fresno on September 21, 2010, 04:10:43 AM

Quote from: FreeMoney on September 21, 2010, 03:39:29 AM

Quote from: Anonymous on September 21, 2010, 03:21:26 AM

I think the irs made some kind of ruling about barter that means tax is paid on the profit from a transfer of value, which bitcoin would fall into.

Its all besides the point considering the fact the irs collects tax regardless of anything written in the constitution ie they will do whatever they want to.

Full agree that the IRS will do whatever. But there are many things they could technically tax that they won't because it isn't feasible or it would be bad PR. If my neighbors and I watch each others kids with a barter understanding for an average of 6 hours a week for 3 decades then you've got 9000 unreported hours, that's $180k easily. But they will never try to collect I can practically guarantee it. Most people don't even have enough money to pay tax on all trades they make and they don't even think about it.

Maybe Fresno can give us a break for a while and go yell at people for all the barter income tax they owe. Someone needs to make sure they never call it work after all.

fresno just gave you a three-week break. What did you do with it?

fresno has helped a lot of people to understand the difference between what they owe and what they assume they owe. Were you listening?

Hi Fresno, three weeks went by fast.

I have no idea what I owe and neither does anyone else.