Post
Topic
Board Legal
Re: Why are people so eager to pay tax?
by
phelix
on 21/04/2013, 20:41:45 UTC
Isn't that a part of the attraction of bitcoin? You can AVOID tax?

And as for "realized gains", why not just sell your bitcoins offline to some person willing to show up at a coffee shop and pay cash?

All these threads about "how do I pay tax" sound like a cacophonous symphony of masochists screaming "Rape me! No, rape me first!"

Paperwork is painful enough. Why add to the misery?

Or at a minimum, why not just only sell back an amount equivalent to your initial investment and keep the BTC? The next time you take a holiday, or step out of the country, you can probably cash in some of your BTC and stay under the radar and avoid more paperwork. 

fyi: It currently looks like selling Bitcoins you held on to for more than a year is tax free in Germany. Just as with foreign currencies.