REGULATING DIGITAL COINS

[Hardcore Games]

REGULATING DIGITAL COINS

https://twitter.com/SquawkCNBC/status/1377583405819424770 Recently several comments from the Yellen and others suggest regulators are getting ready to crack down. One of the main reasons is the ongoing extortion cases using ransomware and digital coins is becoming an epidemic. The criminal...

www.hardcoregames.ca

The tax man is already in court seeking details over some accounts over $20,000 from 2016 to 2020. It does look like the taxman is coming.

This will really crimp the digital coing sector.

 

[DemonicRyzen666]

REGULATING DIGITAL COINS

https://twitter.com/SquawkCNBC/status/1377583405819424770 Recently several comments from the Yellen and others suggest regulators are getting ready to crack down. One of the main reasons is the ongoing extortion cases using ransomware and digital coins is becoming an epidemic. The criminal...

www.hardcoregames.ca

The tax man is already in court seeking details over some accounts over $20,000 from 2016 to 2020. It does look like the taxman is coming.

This will really crimp the digital coing sector.

I'm crazy enough to take on

 

[windwhirl]

REGULATING DIGITAL COINS

https://twitter.com/SquawkCNBC/status/1377583405819424770 Recently several comments from the Yellen and others suggest regulators are getting ready to crack down. One of the main reasons is the ongoing extortion cases using ransomware and digital coins is becoming an epidemic. The criminal...

www.hardcoregames.ca

The tax man is already in court seeking details over some accounts over $20,000 from 2016 to 2020. It does look like the taxman is coming.

This will really crimp the digital coing sector.

You can get away with murder, as long as you pay your taxes.

To be honest, if people thought they could get away with tax evasion on a non-private coin like BTC, they're really foolish.

 

[R-T-B]

REGULATING DIGITAL COINS

https://twitter.com/SquawkCNBC/status/1377583405819424770 Recently several comments from the Yellen and others suggest regulators are getting ready to crack down. One of the main reasons is the ongoing extortion cases using ransomware and digital coins is becoming an epidemic. The criminal...

www.hardcoregames.ca

The tax man is already in court seeking details over some accounts over $20,000 from 2016 to 2020. It does look like the taxman is coming.

This will really crimp the digital coing sector.

Taxman has been a known factor since 2016. Certain people just chose to ignore that, and may end up paying, hard.

 

[moproblems99]

Taxman has been a known factor since 2016. Certain people just chose to ignore that, and may end up paying, hard.

Amazing how the half intelligent people haven't had any issues eh?

 

[R-T-B]

Amazing how the half intelligent people haven't had any issues eh?

The taxman also hasn't really put in a halfassed effort yet.

And I wouldn't call tax evasion intelligent.

Buf if you declare earnings yeah, amazing how that dissolves issues.

 

[64K]

You can get away with murder, as long as you pay your taxes.

To be honest, if people thought they could get away with tax evasion on a non-private coin like BTC, they're really foolish.

True.

Just look at Al Capone. Notorious Racketeer. Well known to be involved in bootlegging, gambling and prostitution. Directly and indirectly involved in the murders of around 400 people and what sent him to prison?
Tax Evasion.

 

[R-T-B]

True.

Just look at Al Capone. Notorious Racketeer. Well known to be involved in bootlegging, gambling and prostitution. Directly and indirectly involved in the murders of around 400 people and what sent him to prison?
Tax Evasion.

To be fair, the tax evasion was because the books would've convicted him had he listed his true income sources, but yeah.

 

[moproblems99]

Buf if you declare earnings yeah, amazing how that dissolves issues.

That was what I meant. You generally cannot part governments from their money. Even though they are fools. This is that one exception of the whole fools and money thing.

 

[64K]

That was what I meant. You generally cannot part governments with their money. Even though they are fools. This is that one exception of the whole fools and money thing.

There's only 2 things you can't avoid in life. Dying and paying taxes.

 

[moproblems99]

There's only 2 things you can't avoid in life. Dying and paying taxes.

Right now, you can't avoid death. But we are a stubborn people. Also, you can get away without paying taxes. Just die first. Then technically, you didn't pay them.

 

[R-T-B]

That was what I meant. You generally cannot part governments from their money. Even though they are fools. This is that one exception of the whole fools and money thing.

Government can be either foolish or ruthlessly efficient depending on funding level.

The IRS is well funded.

 

[windwhirl]

Right now, you can't avoid death. But we are a stubborn people. Also, you can get away without paying taxes. Just die first. Then technically, you didn't pay them.

You're paying taxes anyway, directly or indirectly. VAT, sales tax are the most common ones. And if you lived in Argentina, I could mention at least 15 other taxes you'd be indirectly paying.

The only places where you'd not pay taxes are probably a handful of islands where there's either no other human or society is a few millennia backwards.

Never mind, I skipped half your statement.

 

[moproblems99]

You're paying taxes anyway, directly or indirectly. VAT, sales tax are the most common ones. And if you lived in Argentina, I could mention at least 15 other taxes you'd be indirectly paying.

The only places where you'd not pay taxes are probably a handful of islands where there's either no other human or society is a few millennia backwards.

Never mind, I skipped half your statement.

I am a huge supporter of abolishing income tax and having a federal sales tax. You want a wealth tax? Boom there you go. The more some dickhead buys, the more taxes they pay.

 

[Hardcore Games]

a progressive income tax is needed as pure sales taxes are regressive

 

[moproblems99]

Yes, but you collect on plenty of untaxed income you would miss other wise. Plus, tourists help as well.

 

[windwhirl]

a progressive income tax is needed as pure sales taxes are regressive

Yes, but you collect on plenty of untaxed income you would miss other wise. Plus, tourists help as well.

Ultimately, you could implement some sort of tax refund for the country's resident tax payers.

 

[Hardcore Games]

american spends way to much on war machines and the homeless are left to starve, not a good policy

 

[moproblems99]

Removed so 54th didn't have to.

Now, what civilized country could the OP be from that doesn't have homeless and destitute people.

 

[Hardcore Games]

HK SEIZES 300+ CMP 30HX CARDS

Authorities in Hong Kong have seized a shipment over 300 CMP 30HX mining cards. China has demanding the shut down of mining as the power draw is getting so extreme as to affect the grid. The outer mongolia area uses far more power than would ordinarily be expected so authorities are banning the...

www.hardcoregames.ca

 

[moproblems99]

HK SEIZES 300+ CMP 30HX CARDS

Authorities in Hong Kong have seized a shipment over 300 CMP 30HX mining cards. China has demanding the shut down of mining as the power draw is getting so extreme as to affect the grid. The outer mongolia area uses far more power than would ordinarily be expected so authorities are banning the...

www.hardcoregames.ca

Any comment? It's against forum rules to just post an article or video without some form of comment.

 

[critofur]

I am a huge supporter of abolishing income tax and having a federal sales tax. You want a wealth tax? Boom there you go. The more some dickhead buys, the more taxes they pay.

Moving even more taxes off the wealthy and onto the poor and middle class is the opposite of what we need. Without tax, money is literally worthless - what we need to do, is have a "flat tax" on income over a certain amount, with no "loopholes" to get out of paying at least 15%.

 

[R-T-B]

Now, what civilized country could the OP be from that doesn't have homeless and destitute people.

It's not about not having them. It's a percentages problem. We've been leading the 1st world in a bad way there for some time.

 

[moproblems99]

Moving even more taxes off the wealthy and onto the poor and middle class is the opposite of what we need. Without tax, money is literally worthless - what we need to do, is have a "flat tax" on income over a certain amount, with no "loopholes" to get out of paying at least 15%.

What could do all those income gaps do for people that don't pay taxes? People in the country illegally? Drug dealers? All the fun things.

 

[R-T-B]

Moving even more taxes off the wealthy and onto the poor and middle class is the opposite of what we need. Without tax, money is literally worthless - what we need to do, is have a "flat tax" on income over a certain amount, with no "loopholes" to get out of paying at least 15%.

Basically this. Some companies get huge tax breaks that basically result in them paying $0.00 in federal taxes. That needs to end, but because politics, easier said than done.