Post
Topic
Board Economics
Re: [US] Taxes and gold coins
by
InterArmaEnimSil
on 21/07/2010, 21:39:29 UTC
Well, they're not going to have much records of many bitcoin users' trail.

I really question how many btc users are going to be selling more than $600 of goods in btc....  Besides, this new requirement doesn't trouble gold dealers because of goods transferred *in gold* (though perhaps it should).  The problem is that any Joe or Shirley who sells gold probably sells more than $600 (About .52 troy oz at current rates).  Thus, if they do business with ten people a day, thats 3,650 forms to fill out.  (Neglecting deductions for weekends and holidays).  Yay, bureaucratic paperwork!