What if you happen to loose those buried artifacts right before its time to pay that "fair market price" then whjat? what if we looseour steemit kley or get "hacked" and someone drains our steem and sells it for bitcoin and we never get it back? we certianly wouldnt have to pay any taxes on it then would we???
oh and what about darknet drug dealers? are they paying thir taxes on all the bitcoina nd monero they earn from dealing drugs online?
Maybe the IRS should try and get those drug dealers to pay their taxes too on drugs they sell, right?
see how rediculous this whole argument can be made to apear? Always nbring up the darknet markets and how if they dont pay taxes we dont have to pay taxes
also u cant ever EVER prove that someone ownws a steemit acount! and just necause it has soemones name and information or even photos of them it could all be faked! anyoem could stela an identity or say theire osmoen to conceal their own identity! if someone ius runninga steemit account with ur name and photytos, and hapens to have 1 milion dollars in steempower, do u have to pay taxes on that account? how can they proive its not yopu or it is you? see how much grey area thrte is here? also whose to say the value of steem doesnt collapse and then how much taxes do we pay? also what if we can only sell our steem for HALF its current value because what if we hpen to use a very expoensive exchange and thats just how much we get? i man i now plenty of peopel who jhave to pay 20 percent or 30 percent fees to cash out theor bitcoins, do they factor that in too? se how crazy this becomes?
trump already told IRS to stop their "Coinbase Tax Hunt" bcause "Fishing expeditions" are frowned upon...you cant just go into a private company and go fishing around like the IRS tried to do with coinbaese and because Hillary was Not elected, we are safe! Trump will protect Bitcoin and crypto cuyrrency privacy, just watch! With monero and private walets on steemit soon, theer will be no way for IRS to determine how much money any of us has, if we decide to obfuscate iut! Son youll have steemit mixers and youl be able to geenrate hundreds or thousands of fake accounts and spread the money around tio multipel account and have them all delegfate their steempower back to your main account sio you can still take advntage of the steempower spread out through al ur accounts
ok i know my ideas have many holes sorry i just had to chime in! this is a vry passionaite sibject fior me and many of us bcaue we fel we should have a say in how oru own suppsoedly democratuicaly elected represetativvs make our laws and the IRS is not accountable and it should be, it sucks as we are slaves to this criminal organization and we haveto st and up top it! we CANt kep giving the IRS the benfit of the doubt and submit to them! we ALL HAVE to stand up to these bullies
The debate I'm having is about what the law requires, not whether it's advisable to break the law or not. So, yes, dark net people break the law all the time. Most are never caught. Regardless, if you earn $100 in tips waiting tables tonight and then lose your wallet tomorrow, do you still legally have to pay tax on the tips? Yes, of course you do. So, yes, you would still have to pay taxes even if you later lose the artifacts or your private crypto keys. Tax liability is determined at the time you gained/earned/found the asset. If you later lose the asset, you MIGHT be eligible to offset part of that income by deducting a casualty loss (at least in some circumstances) or you might not. Either way, losing the asset does not make formerly taxable income untaxable.
So whens the last time you ever heard of anyone paying taxes on $100 they found that they later lost?
just sounds like fantasy world to me
hey but disclaimer: U seem like a nice guy, my comments are just direxted at world at larhe not at you, im just real passionate about all this and i think we al are and yeah seems like some people like you just give up and give in to the men with guns at the IRS and live in fear while people like me still want to get people to say no and stop giving in to the criminals, its real y sad but whatever, it is what it is,
but when you talk about people paying taxes on bitcoins even after they loose the oprivate keys, its justr rediculopus
how would you even PAY that money?!?!?! You think if someone hmakes $1 million dollars from a few dollars investing in bitcoins in 2009, but looses the walet key, you think they can just pay the taxe son it even after they loose the key?!?! How would they??! they lost the mopney...
OH I get what you mean, so youre saying that this person should hyptehtically have top be in debt for the rst of his life to pay that money to the IRS, oh i see thats cool
tyeah that all makes sense, thats not total fantasy at all