Post
Topic
Board Bitcoin Discussion
Re: Incompetence, malfeasance, and fraud. Oh My!
by
iamzill
on 01/08/2011, 00:53:12 UTC

People don't spend $2000 to open an anonymous LLC in a tax haven to conduct legitimate business.

People only do that to commit tax fraud, and now, bitcoin fraud.

A WHOIS lookup takes 2 seconds. Even without the WHOIS information I already knew it was a scam from their business model.

+1 agreed.

-1 disagreed. Many people open accounts outside the US, because the US tries to interfere with and steal from their legitimate business. Now, perhaps MyBitcoin is a total catastrophe, and perhaps the owner was ill-intentioned all along, but please don't vilify honest people who simply don't want the tyrannical US Gov't interfering with them.

I strongly disagree with the US' current citizenship-based tax policies and income tax in general. I try to change these laws by speaking out against them, writing to my congressmen, and voting against statist politicians. However, until those laws are repelled, I am obligated to pay my share of the taxes as a citizen of United States, regardless of how much I may disagree with the tax regimen.

For those people who really do earn a legitimate amount of their income overseas and feel they are getting unfairly taxed based on their citizenship, they always have the option of denouncing their citizenship: http://travel.state.gov/law/citizenship/citizenship_776.html

Democracy means you get to vote against the laws that you don't like, it does not mean you can disregard those laws at your personal discretion.