Post
Topic
Board Legal
Re: US taxes are owed whenever trading crypto
by
JekyllIsland
on 27/12/2013, 00:19:55 UTC
The IRS doesnt give 2 shits about your bitcoins....as long as you are paying them what they want....they leave you be....when you cause waves and try to cheat....thats when the fun begins....

that or when government decides it wants to control whether we can or can't use bitcoins.. the IRS will come after you.

You didn't define "what they want" My understanding says what they want is "more" or as much as possible. Although they simply don't have the resources to audit everyone, why do you think fraud is on the rise? That doesn't mean they won't come after your ass when they can. A nice database with all of your information is easily at their disposal when needed.  Smiley All they need is probable cause, think of it as a bond.

The government has already decided a lot of things it wants to control. In all cases it's failed, it's biggest success has been instilling fear in people. It's pretty good at arresting and killing innocent people too, it seems to improve on these constantly. But as every brainwashed person says, if you aren't doing anything wrong don't worry.(yet they break laws without even realizing it constantly) As long as it isn't effecting you, you're fine. Just don't be mad when the time comes it is effecting you, because everyone else will be dead or in prison.  Cheesy