Quote from: jmw74 on March 31, 2014, 03:57:17 PM

Quote from: aminorex on March 31, 2014, 03:45:29 PM

Quote from: AnonyMint on March 31, 2014, 02:58:41 PM

the common man is not. He has all sorts of things to balance, such as reporting his unemployment assistance, tax credits, solar installation energy credit, alternative minimum tax, etc....

It would be a very uncommon man who managed the complexity of the tax code at that level of detail. I think the overwhelming majority either outsource tax concerns and take general advice from experts, or simply don't plan at all. Definitely a software development opportunity in any case.

I still want to know who AnonyMint is referring to that is going to get burned by the IRS policy on bitcoin.

Read my prior post, I said it is not so much about getting burned rather about it not being worth the hassle.

I have friends who work in call centers. Do you realize how many Americans can't figure out how to turn on their cell phone?

Even my mother who is intelligent would never use Bitcoin if it means another form for her to add to her IRS filing. I asked her.

Quote from: jmw74 on March 31, 2014, 03:57:17 PM

It's not poor people, they owe no tax at all.

They collect the most refunds.

Quote from: AnonyMint on March 31, 2014, 02:58:41 PM

It's not rich people, they are already accustomed to handling CG with their other investments, and their use of bitcoin as a currency will incur negligible CG tax compared to their investment activity.

The rich people are not the target market for a currency. If we are talking about the fundamental adoption among white males, I already agreed this hasn't been affected.

Quote from: AnonyMint on March 31, 2014, 02:58:41 PM

It's not middle class people like me - given a choice between taxes on gains and no gains at all, I choose gains.

Lots of tiny gains for every day transactions. No you won't. Even I won't. Hassle. Major hassle.

And don't tell me about software. I have a word for you n00bs:

interoperability

I am software guy. You are not.