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Showing 2 of 2 results by rachel_claismada
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Re: Should we pay taxes on Bitcoin?
by
rachel_claismada
on 28/06/2018, 07:08:36 UTC
Bitcoin was created to liberate us from corrupt governments and corporations that serve their own needs. The coinbase transaction in the genesis block, mined by Satoshi Nakamoto contained: "The Times 03/Jan/2009 Chancellor on brink of second bailout for bank". What is your opinion on paying taxes on Bitcoin? The government most likely doesn't know my bitcoin address. Even if they do find it, based on the transactions made from my bank account to exchanges, I could simply say someone stole the private key from me. Many of the posts here asking for help on filing taxes on their Bitcoin make no sense to me. We have a system that allows complete financial freedom and yet people choose to pay their taxes from it and support crooked governments.
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Re: Where to trade Bitcoin to USD bank deposits properly for mining company
by
rachel_claismada
on 21/06/2018, 09:26:31 UTC
I was curious, if you were to start a mining company just buying a bunch of miners and paying all the expenses of running them as well as maintaining them yourself, how should you go about this?
They are wanting to report it on their taxable income, and claim the miners and electric as expenses.
Everything should be as legit as possible.
My first thought was Coinbase, but it seems there is a lot of debate going on about major exchanges currently.
They also might want to eventually run a website allowing bitcoin payments to a wallet and holding but eventually cashing in as well.
Thanks for all the help!