Quote from: Lucius on February 27, 2018, 10:56:11 AM

Quote from: alia on February 27, 2018, 12:22:19 AM

Quote from: Lucius on February 26, 2018, 02:24:40 PM

You say you want people to stop paying tax on cryptocurrency,but on the other side you offer your service with fee of 25% which is in most cases more than people would pay if they just cash out on their bank accounts and pay tax in their countries.

For me this makes sense only in the case that tax on cryptocurrency in user country is more then 25%.Also when you transfer fiat to Western Union or any bank account most of users will still need to explain from where is money coming since tax services follow all such activities.

You misread.

Let's say that a tax in a country is 25%, and someone wishes to liquidate $100,000.

I will do that for them. Now, let's say that after transfer fees and whatnot, they receive a total of $95,000. After tax, they should have received $75,000, but they are getting $95,000. Their tax savings are $20,000 and my fee will be $5,000. Is that enough for you to understand? I do not take 25% of the value, but 25% of the savings.

Yes,I did not read correctly what you wrote,it is enough for me to understand.

Problem for you is how you will determine what is capital gain of your users and how much tax he/she should pay to get your 25%.Also as I say there is big problem when you convert BTC to fiat and send by any way to someone.It is very easy for authorities to track such transactions.

I live in EU and every transaction I made incoming / outgoing is visible to my tax office.So your service is not for USA citizens,but also it will not work for most of European countries.

Anyway every service has potential customers,I do not condemn anyone in advance and everyone is free to use his money as he wants.

Unfortunately you are right, its not a good idea to try avoid this when we live in a time of terrorist funding and so on. Carefull who you associate with. Taxes should not be this oppressive but thats a case for democracy to counter. When we live with governments in so much debt there is unlikely to be any other outcome but endless taxation through every route they can possibly get away with burdening their populations with.

Only one hundred years ago the USA did not have taxes but they required them to pay for World War 1 and the aftermath of that and its never gone away since. US Federal reserve was set up in 1913 for similar reasons to place money in the control of a central body rather purely distributed by people and private companies. This money printing going on is a form of taxation, its similar but not as extreme as demostrated by the Bitconnect format where value eventually collapses.

This form of inflation tax can be avoided and its why crypto makes sense to utilise as much as possible. But the overt taxes be careful, in theory you can avoid but parts of government consider it treason to do so. Consider the case of Irwin Schiff who testified before the senate in the 1970's about the gold standard before dying in recent years handcuffed chained to a bed going blind suffering from cancer, his crime was to dispute the idea of taxation on a federal level and they him treated worse then many murderers for it Sad

May he RIP

Written in prison