Post
Topic
Board Economics
Re: Things getting interesting once we past $100
by
bitjet
on 21/03/2013, 07:15:17 UTC
How do I avoid uncle sam to stick its hand in my cookie jar and takes the tax share?
What if I don't report it?


Face to face trades.

Of course, not paying your share into a system that you benefit from makes you a freeloader (or at the very least a leech).
I'll gladly pay the transaction fees/withdrawal fees of trading my bitcoins into USD and then transfering USD to my bank account.
I'm paying  my share to the system I benefitted from, BTC that is. I didn't benefit from USD.
So you don't use roads?  You don't take advantage of the electrical grid?  You aren't protected by the US army?  You won't receive social security?

/devilsadvocate

You did not ask me, but I feel compelled to answer.

Roads: Irreverent. Fuel Tax, local extortion taxes pay for these things.
Electric Grid:  Irreverent. Electric grid is payed for and maintained by people who buy electricity.
US army: NO. The military in it's current state is currently creating a tangible threat to the US through current actions around the globe that protect corporate interests, not those of US citizens.
Social Security: NO.  Is payed for through your voluntary contribution into the SS system. I have never paid a dime into it therefor I am not eligible.