When You Totally Miss The Point Of Cryptocurrencies - Taxation Is Extortion
Today, as I was exploring my Google Alerts for new content to share on social media, I stumbled upon this article on nasdaq.com.
The piece is entitled "Why Americans Need To Care About Digital Currency Accounting, Especially At Tax Time".
The contributing author, Perry Woodin proceeds to regurgitate exactly what is taught in the indoctrination centers (state schools) and what you hear from the media.
"PAY UP! OR ELSE!"
Woodin goes on to describe how people should "comply" with the demands. And that regardless of the use, trading mining or otherwise, they need to pay a tax every step of the way.
This is wrong & immoral. It is one of the primary reasons Cryptocurrencies exist.
Blockchains are revolutionary because no central authority like government is needed. Governments don't create or control cryptocurrencies and they can't tell you what to do with your digital assets.
Crypto is honest money for honest people.
If you want to voluntarily pay a tax, that is your prerogative. But consent is always required.
Many cryptocurrency holders around the world simply don't consent to the ridiculousness of modern day taxation. The US tax code is now 74,608 pages long.
Fortune reported recently that of the estimated hundreds of thousands of bitcoin users across America, only 802 individuals reported gains at tax time.
See what I mean?
People are over taxes and with good reason. Taxes fund pointless bureaucracies, jokers called police, and horrendous education systems, not to mention unjust courts.
All of these things can be done better, without government.
It is time we stop funding states and their scams. We don't have to fight them, we can defund them and quit using dollars.
This is what Bitcoin is all about, ushering in a new age of voluntaryism and prosperity.
Now we have coins like DASH and PIVX, which increases the privacy of crypto assets. This trend will only increase and for good reason.
Join me and choose love, not statism.
Taxation Is Extortion
(If you do submit to the demands of the IRS, check with an accountant, but it is my understanding that you only pay capital gains tax when the digital asset, typically Bitcoin is converted to US dollars. I have yet to convert because I don't value dollars and what they fund.)
Taxation that is not Extortion is Bribery...
You just have to learn how the Bribery can be done Legally(AKA pay your taxes, or don't earn that much).
Make the IRS agent feel a moral justice about not extorting a starving man. That kind of emotional gift works most of the time.
Damned collaborators and quislings are everywhere! Abolish the State!
""Why Americans Need To Care About Digital Currency Accounting, Especially At Tax Time". No. No! Slave mindset.
Your message and info here. Yes, YES! Bravo. Bravo! Free human. Thank you!
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In monty python style, and speaking as a true Yorkshireman (yes really), I shall simply say this.... LUXURY.
The british tax code is over 10m words, and 12 times the size of the bible. And thats just the corporate tax code, nevermind the war tax (sorry income tax). Add to that 20% VAT, council tax, stamp duty, car tax, capital gains tax and even the tax for dying and its easy to see why the number of people relying on foodbanks has suddenly increased.
In fact most employed british people hand over around 48% of everything they earn in direct and indirect tax.
But at least its good to know our tax raping gets spent on good wholesome social care programmes, such as the NHS, which apparently is the best in the world, despite waiting times measured in years, lack of equipment or even medical staff who can speak the language (and who arent working 100 hour weeks). Oh yeah, and our now privatised social security, social care, prison system and so on which every taxpayer funds but dont own because they've been privatised.
And the belter is that the statists have managed to convince the populus that not paying tax makes you a very naughty boy.
And you tell that to the kids of today, and they wont believe you...