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RE: Valuing Steem Rewards As Taxable Income Is A Vast Overstatement Of Tax Liability - Part 1

in #taxes7 years ago (edited)

DISCLAIMER: U seem liek anice guy, i dontw anan fight with my fellwo steemit users, we all get passionate about this topic, just know my commenst are dircted at the world at large not realky at you ok? ok here it is:

ok yeah hey i was gonna ask, do u consider ur steemit rewards" as a gift? Isnt this income that you work for? Also who says how much its worth? is there a way to get a fair market value?

Ok and about the $14k....what about 14 thousand bitrcoins? what about 14,000 steem when steen is $100 what about if you just split up the 14k into many different wallets

i dunno seems like all the old rule dont app,y anymmore,,,,,we shoukndt hold on to all these arbiotrary rules than some organized crime members were making eevryone else do, doesnt meab we should still do it, its like youve memorized all these rules about how to rip yourself off iuts sad

aliens must be very confused as to why we must pay rent to live on a planet we were born on

well i really dont think the IRS is going to ever go after steemit untill steemit is much much bigger, and they can see that if your money is in steempower, its not liquuid and peopel dont have a way to just pay taxes on it, and they have tow orry about Bitcoin first

ALSO the IRS CANNOT proce that a steemit account belongs to you!

so theres anothr HUGE problem
what if someone goies and makes a steemit account with your name and just pretends to be you, and the IRS audits you and finds a steemit account un YOUR name with a bunch of money in iut

do you see how the whole IRS argument fals apart here??? Oh what?> youre gonan say that that account isnt yours do u have nothing to worry about? well it has your name on it!

Well you say..ANYONE could have put that name in therew!

and here lis ithe main point of my argument! the IRS cant prove that you own a steemit account! AND they cant prove that ypou WERENT hacked or that yopu DIDNT loose your password! OOPS well all that mopney is gone now! better write it off as a LOSS to the IRS

But u see how they cant provce u own a steemit account?!?! How is the IRS going to prove that these digital steem dollars are real cash?!?! its all justa VIDEOGAME

do you have top pay TAXES on your WORLD OF +WARCRAFT GOLD?!?! Oh but CHINESE GOLD MINERS sell it and make money of the world of warcraft Videogame gold! SO WHY DONT U REPORT YOUIR WOW GIOLD TO THE IRS TOOP?!?! God these arguments piss me off! see how rediculous all of yhis is?!?! Just because youve all been conned for a centuiry doesntmean the NEXT generation hs to continue getting cionned!!

we all supported crypto currency TO AVOID the whole idea of having to report your hard earned money to the fucking IRS and Monro and Bytecoin and Dash are all anonymous walets are nopt public and soon Steem will have private wallets, just wait, the balances will go dark and then steemit will be jst like Youtube, noone on youtube shows how much money they make, but u think the IRS goes over popular youtube channels and finds out who isnt paying taxes based on the bviews their getting they just assume thyre making money and go after them??? u have to wonder who these peopel are who work at the IRS who make it their busienss to extort 300 million human beings like this "because its their job" wel find a new job...not my fault the only job u could find was being a career criminal....yes working for ther IRS makes you a criminal! nazis were just taking orders too

again my comment is directed at the world not at you buddy, its all good man

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Sorry buddy, didn't mean to sound like I was angry or something! No offense intended.

I'm 100% with your argument on how the IRS can't figure out who owns what account. My point was just about what is the current rule....not what the IRS will enforce or how Steem relates to it.