Bitcoin

@cicerone imposter,

LOL bitcoin are design not to allow government any government control so good luck on them being able to do so.

Exchanges will just be off shore and or on the darknet.

1 Reply

@BillRM,

Like everything that has to do with the computer and internet, there will be ways to get inside information on who's trading. All the government has to do is make the reward worth the reporting. Very simple solution!

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@cicerone imposter,

Quote:

All the government has to do is make the reward worth the reporting. Very simple solution!

Not that simple as you can have business relationships with people you have no idea who they are in the real universe by way of bitcoins and the darknet.

It took god know how many millions and thousands of manpower along with over three years to track down the gentleman behind the silk road drug website and not even the federal government have the resources to do that with ten of thousands of people in the bitcoin business that are located all over the world.

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@BillRM,

Have you ever heard the term "follow the money?"

There are always "tracks." If you don't believe so, you don't understand technology.

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@cicerone imposter,

An you do not understand bitcoins..........

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@BillRM,

I don't need to understand bitcoins, because I'm not interested in its use.
I can only speculate as to what will happen to people who break laws that makes commercial transactions illegal when they do not pay the relevant taxes.

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@cicerone imposter,

Quote:

I can only speculate as to what will happen to people who break laws that makes commercial transactions illegal when they do not pay the relevant taxes.

LOL I can see how you would have reacted, if alive at the time, when those evil colonies in the 1760-70s smuggled in untaxed tea by the ship load from the caribbean.......

footnote: everytime time you buy something on the internet and do not report and paid state sale tax you are also breaking many state laws.

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@BillRM,

You're talking about a different period. Try learning about contemporary governments, and how they operate (with tax revenues).

Quote:

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Bitcoin price continues to fall following Silk Road raid in US

By Tracy Alloway and Kara Scannell in New York

A pile of Bitcoin slugs sit in a box ready to be minted by Software engineer Mike Caldwell in his shop in Sandy, Utah on April 26 2013©Getty

The price of Bitcoins continued to fall on Thursday, a day after it slumped 8.6 per cent following a raid on Silk Road, the online marketplace that allegedly allowed more than a billion dollars of illegal drugs and illicit services to be bought using the virtual currency.
Mt.Gox, a website for trading Bitcoins, reported that the currency was trading at around $124, $4 below its price on Wednesday, when the Federal Bureau of Investigation arrested Silk Road’s alleged proprietor, the 29-year-old Ross William Ulbricht. The authorities seized more than $3.6m worth of the virtual currency in the raid

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@cicerone imposter,

Quote:

Tax cheats, drug dealers and other people trying to hide from the government: We haven’t talked much about Bitcoin’s anonymity, but that is, of course, one of the main competitive advantages that Bitcoin has over a bank account. In the minds of many of Bitcoin’s supporters, that made it a superior substitute for physical cash -- all the anonymity, without needing a gym bag to carry the stuff around. This is most useful for people who want to hide their transactions from the law.

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@cicerone imposter,

So anyone who normally dare to paid with cash instead of by credit and bank checks must be guilt of some misdeed against the poor poor government...LOL

Sorry there is no duty I know of for a citizen to made it easy for the government to keep track of your spending.

footnote bitcoins is similar to cash but can be transfer by electronic networks.

1 Reply

@BillRM,

That's the reason they have tax laws. Non compliance is illegal.

Being a tax cheat doesn't make one a good citizen.

Quote:

Perhaps your employer has directed you to engage in, or overlook, fraudulent or illegal actions. Perhaps you were fired, demoted, harassed or retaliated against. Whether you are a CFO, a sales representative, an auditor, a nurse, a compliance officer, or an engineer, you may feel alone and powerless. We can help protect your legal rights, your reputation, and your career. We can also help you to receive just compensation for the injuries you have suffered, and, where available through the SEC, the IRS or a “qui tam” lawsuit, to earn an award for reporting the illegal activity you have observed.

There are many law firms that will represent any individual who reports tax fraud to the government.

2 Replies

@cicerone imposter,

Bill, You're an engineer? Do you steal from your company?
What's the difference between stealing from your company and the government?

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@cicerone imposter,

Quote:

That's the reason they have tax laws. Non compliance is illegal.

Being a tax cheat doesn't make one a good citizen.

So the fifty millions or so people in the US who buy on the internet but does not report those purchases to their state governments and paid sale taxes are not good citizens?

A large percent of out founding fathers was not good citizens for that matter?

The state in any case get enough funds from the middle and lower classes while writing hundreds of millions dollars checks to billionaires for sport stadiums and so on.

The rich for the most part do not need to cheat on their taxes as they paid off congress and the state legislatures to write tax laws in their favor.

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@BillRM,

Quote:

So the fifty millions or so people in the US who buy on the internet but does not report those purchases to their state governments and paid sale taxes are not good citizens?

Not paying taxes is illegal. Figure it out yourself if you can whether they are good citizens.

I also noticed, you didn't answer my question. Figures.

1 Reply

@cicerone imposter,

Quote:

Do you steal from your company?

Sorry dear but in the case of the government the game is rigged as for example against the clear wishes of the local taxpayers a billionaire by the name of Jeffrey Loria was given many hundreds of millions for his sport team.

Poor government might have needed to only give him half the amount that he received if people "cheated" on paying their full sale taxes?

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@BillRM,

You're still not answering my question. But I expected as much. Give it up, you've already admitted you're a bum, and not a good citizen.

I even question your trustworthiness in other matters.

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@cicerone imposter,

Quote:

Not paying taxes is illegal.

A lot of things had been illegal in this country history such as helping run away slaves to reach Canada or if black going to a white only beach or living together in sin or............

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@BillRM,

You're looking in the past; I'm talking about current issues about paying taxes.

That's what most people try to do when they are unable to answer direct questions. They divert to issues completely unrelated to the subject being discussed.

It's called a "non-sequitur."

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@cicerone imposter,

Quote:

admitted you're a bum, and not a good citizen.

LOL so all fifty millions of your fellow citizens that do not self report to their state and paid state sale taxes in the goods they purchase on the internet are bums in your position where the billionaires who paid for tax laws that benefit them are good citizens?

1 Reply

@BillRM,

I don't know their circumstances nor why they failed to report paying sales taxes, so I'm in no position to provide any opinion about them. Maybe you can.

All I know is that the burden to pay sales taxes on internet purchases lay on the shoulders of consumers; it's no different than filing their income tax returns.

1 Reply

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