Post
Topic
Board Legal
Re: Why are people so eager to pay tax?
by
silzero
on 21/04/2013, 17:39:37 UTC
While the origins of Bitcoin is from freedom. The moment you convert Bitcoin to Fiat you are liable to pay taxes.
Your existence in a country gives you no other choice but to pay taxes (unless you are in Brunei or some such country).

If you are not eager to pay taxes that shows you don't care about the legalities. It would be an expensive mistake to think your government will sit and let you skip your taxes.

Now you can reduce or eliminate your tax due, that implies you have to look to pay your taxes. Ignoring your taxes is like ignoring a festering wound and think that'll go away on its own.

This thinking of sticking it to the man, needs to change if you want your coins to count for anything greater than 0. There is nothing to be gained by creating friction with legal systems. Bitcoin itself would not be illegal, just its  way of use makes it attract bad light. There is lots to be gained by just not working against the system (if possible work with it).

Look at the advantages of Bitcoin: Secure, fast and very cheap way to transfer money anywhere there is a computer. Those are more productive than "eh.. I don't care about the government and I'm going to use Bitcoin to prove it".