Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is doomed. Thanks IRS!!! You Ass hats!
by
2tights
on 27/03/2014, 16:14:37 UTC
See if you can get that in Germany.
I don't mind taxes.

I don't mind paying taxes, either. That wasn't the point of my post. I saw somewhere the following analogy:

 
http://www.bloomberg.com/news/2014-03-25/bitcoin-is-property-not-currency-in-tax-system-irs-says.html

Today’s IRS guidance will provide certainty for Bitcoin investors, along with income-tax liability that wasn’t specified before. Purchasing a $2 cup of coffee with Bitcoins bought for $1 would trigger $1 in capital gains for the coffee drinker and $2 of gross income for the coffee shop.

I am against paying unrealistic taxes.