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SOWPub Business Forum Seeds of Wisdom Forum |
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Re: Maybe I used the wrong word...
Quote:
Here you go brother: https://cointelegraph.com/news/austr...esses-no-taxes Read that article and tell me you won't be using Bitcoin, or some other digital currency, in the next 5 years. As for barter, it is taxable in the United States. I don't know about your country but here our great generous and kind Uncle wants a piece. As for legit transactions happening I agree. The kicker in that soup is the size of the transaction. Once you get beyond a certain amount, $600 sounds like the figure, bingo! you better be reporting your transactions. Please don't believe me. Google barter IRS manual and read it for yourself. As for the red tape: Never forget the government has forever to get untied if they really want you. Again, don't believe me. Google collecting rain in a water barrel and read it for yourself. I don't know this for sure but I would bet dollars against donuts that the intent of the founders of the program you cited differs from the intent of the founders of Bitcoin. Again, just my guess. Venezuela. That's all I'll say about that particular jackpot and digital currency. Have a great weekend. |
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