DTube - No One Reporting Bitcoin To The IRS - Taxation Is Theft! (Freedom Minute)
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Josh Sigurdson does another Freedom Minute update, this time on the recent finding of a survey by Credit Karma showing that only 0.04% of Bitcoin users actually reported their gains or losses to the IRS. 100 out of 250,000 filers.
This doesn't come as a surprise to most of us. Of course taxation is theft and cryptocurrencies are great ways to decentralize. Why would everyone run to the IRS to beg them to steal their money?
No matter how much FUD is spread in the news with fake stories about regulations, bans and taxation regarding cryptocurrencies, it's futile. People can see through it. The laws surrounding cryptocurrencies are largely unenforceable. Individual demand reigns in the decentalized cryptoworld.
This is also good news for cryptocurrencies from another angle. Everyone was concerned leading up to tax day in the United States that everyone would dump their cryptos to pay taxes. Well apparently that's simply not the case.
As establishment elites attack Bitcoin all while buying it and attempt to manipulate markets in order to maximize profits, we are at a turning point in the road for cryptos. We have been given time to think not of greed, but of the great possibilities cryptocurrencies provide. To decentralize life rather than speculate on crazy profits. This is an important moment. Bitcoin dodged the death cross recently and actually saw support on it which we had previously predicted. Now what comes next is unknown but there sure is a lot of renewed bullish interest.
Stay tuned as we continue to cover this subject!
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Taxation Is Theft!
taxation is theft
mike drop
I will not file one red cent that the I.R.S. doesn't already know about. Nobody should file crypto gains or any other income for that matter. Stop funding lies, theft, rape & murder...stop funding "government".
Yep, they are a private corporation based in Puerto Rico and a subsidiary of the IMF. They've been stealing from people so long and intimidating them that the majority of the population thinks they are legit...lol
Oh, and some other food for thought for everyone on this thread. Why have you accepted their term of "income" when in reality it's the outcome of the fruits of your labor.
"Income", what a concept. You've got me inspired to do some more digging on that. Thank you.
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Bitcoin users that plan to file taxes are filing extensions or using actual tax planners.
They are using this b.s. statistic as a way to spread fud about Bitcoin because their program isn't sophisticated enough to handle it correctly.
Not surprising, but definitely good news. Keep up the good work people. Starve the beast.
good news.cryptos are untraceable anyways.
I would respectfully disagree with the comments above about how cryptos are untraceable and the IRS rules are unenforceable. Anyone using a centralized exchange? I was until recently and as we know, CB is demonstrating "compliance" (love that word) with the IRS, coughing up any and all user info etc. If you request it from the CB subsidiary Cointracker, you can get a filled-out 8949 form, all ready to go. Did Coinbase also send this form to the IRS? I'm gonna wager they did, or that it's readily available to the IRS should they want the info. How is this a landscape where we would want to ignore the guidelines for compliance? Not me. I know I'm talking like a good sheep, but this is not the hill I'm gonna die on.
Yeah Fuck Jack Dorsey❗️He blocked my account for calling out a CIA troll and then wanted me to give them my phone number to verify ⁉️ Yeah right . You can’t be trusted with my freedom of speech but I’m gonna give you my number .🤣 What a retard❗️I’m not closing my account so I can come back latter and sue the FUCK out of Twitter for information farming . Great report . 👏👍