Post
Topic
Board Legal
Re: I didn't pay capital gains tax on bitcoin sales to IRS today
by
bbeagle
on 16/04/2014, 14:22:32 UTC
Jeez I only made $2400 this year before taxes. Then again im 15.

I think I can see where the divide is coming from. Older people with 'real' jobs who are making $50,000+ see no problems paying a few hundred in taxes. Younger people who don't make much see a few hundred as a 'lot' and want to avoid the taxes.

Or they've never paid taxes before, and don't understand why someone is trying to 'steal' their money. I felt the same way when I was younger. I only made $2.35 an hour. My paycheck was about $100 a week, and I had about $15 in taxes taken out of my paycheck each week. It seemed way beyond stealing to me. Then as I grew older, I learned how taxes worked, how the tax code worked, and although I still hate it, I understand more.

The IRS won't take even $1 out of an income of $2400.