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Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by mancerayder on Thursday December 21, 2017 @12:46PM (#15980947)
I don't mind being taxed at all.

What I find stressful is calculating - not just the 'what was the USD price at the time of the exchange' that has to be manually entered and looked up into the exported CSV spreadsheet... BUT tying that to the movement of coin from Coinbase to the exchange. It's a pain.

I regret using Bittrex, as there's almost no tooling for this available.

Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by jandrese on Thursday December 21, 2017 @02:03PM (#15981768)
A CSV file is a dream compared to what you might have to go through with on normal stocks.

My wife inherited a small amount of telecom stock from her grandmonther who worked for AT&T back in the early days. No records had been kept as to when the stocks were bought (they were part of her salary I think). Of course they were all acquired before the Bell breakup. So what she inherited was a big mess of baby bells and about once a year or so one of them will be bought out and they'll do a stock merger and automatically sell any fractional shares left after the merger so we have to pay the Capital Gains on that sale. I am still not sure how someone without a Lexus Nexus account is supposed to calculate the net profit on those shares.

Thus far most of them have been small and we've been calling the entire thing profit (purchase price of $0) but I know one of these days we're going to have to do it for real.

Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by mancerayder on Thursday December 21, 2017 @02:58PM (#15982278)
Something like that I'd collect all the paperwork, put a few stickies with whatever additional information, and give the pile to my accountant.

I can't for the life of me comprehend why people do their own taxes. A quality accountant costs maybe 400-500 bucks, which sounds a lot but depending on your salary, it can represents many thousands of dollars of savings. My theory is it's the do-it-yourself fix-the-house type mentality. But that mentality misses that the tax system is intentionally left complicated, requiring experts to help the rich save their riches.

Just get an accountant. :-)

Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by jandrese on Friday December 22, 2017 @11:24PM (#15992919)
Spending $400-$500 to save me the tax on a $17.40 fractional stock sale sale doesn't seem like a prudent investment.

Might be worth it if we ever had to do a big sale though.

Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by UncleMeat on Thursday December 21, 2017 @02:59PM (#15982292)
Don't you get a step up? The basis is the price when inherited.
Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by kristallizer1 on Thursday December 21, 2017 @12:51PM (#15981020)
https://bitcoin.tax/ might be what you are looking for.
Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by throwaway30yo on Thursday December 21, 2017 @12:58PM (#15981099)
I on the other hand, mind being taxed.
Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by simonswords82 on Thursday December 21, 2017 @01:13PM (#15981272)
Not saying I disagree with you, but I'd like to understand your reasoning...
Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by throwaway30yo on Thursday December 21, 2017 @01:59PM (#15981730)
I disagree with a solid 80% of government spending. Lots go against my core values and morals. Currently right now as a Canadian I even have to pay taxes for religious schools, a religion which was responsible for molesting my father as a child.

I pay against my will because the government holds a monopoly on violence. They will lock me up for not paying.

A society built on top of the threat of violence is not one I endorse.

Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by mancerayder on Thursday December 21, 2017 @03:00PM (#15982295)
All valid points - and the U.S. government is even worse, considering the defense budget.

But while naughty, the alternatives to these governments are private individuals / militias / warlords doing far worse against your values and morals.

Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by logfromblammo on Thursday December 21, 2017 @03:10PM (#15982363)
Nor is it one I endorse, but it is the kind I have to live in.

I can pay taxes without grousing about it too much, so long as they're just taking my money. It's when they start taking my time that I start to get bitchy about it.

If it takes me 20 times longer to calculate the taxes associated with doing something than it actually took for me to do the thing, then that tax is simply not reasonable, no matter how much or how little it costs in dollars.

The worst part of the entire US tax system is the requirement to self-report on taxable events. If the IRS really wants to dig down in such detail to find out what I owe them every time I move money from my left pocket to my right, they can damned well send me a pair of tax-compliant pants. Write wallet software for US users that makes the tax compliance automatic and seamless, don't bother trying to collect taxes that can't be fairly enforced solely through self-reporting, or FOAD.

It's like they think we exist only to do their paperwork and write them checks. Do they even realize how much more I'd be willing to pay in taxes if I didn't have to do an annual ritual humiliation of proving to them through the submission of forms and reports that I am not trying to cheat? If they just sent me a freaking bill, so long as it explained why my regular payroll withholding wasn't enough, and the amount seemed plausibly close to correct, I'd probably just pay it. There is no particular need for me to fill out 12 pages of forms, so that I can figure out what I think I should owe, based on my own understanding of the tax code. Likewise, if I were due a refund, they could just send out a check.

It's not just based on violence. It's also based on institutional bureaucratic displays of social dominance.

Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by cinquemb on Thursday December 21, 2017 @02:58PM (#15982279)
Now what I want to know, why is it so hard for some to imagine that those who share your opinions around the world, would not eventually be self interested to use such tools like crytocurrencies to finance/allocate operations that end up helping to dismantle/replace/circumvent the systems that they don't want to pay for with those that they would?

Isn't that the only way governments' have come and gone on this planet?

Well of course if people seriously think locking up your tax chattel so they can not be productive at all (assuming they were locked up on tax evasion, yet still contributing goods/services to someone/thing else) is a effective allocation of resources, then there is no way to argue against that.

Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by BearGoesChirp on Thursday December 21, 2017 @01:44PM (#15981591)
Can't speak for them, but for me the issue isn't all taxation, but it is the extent of taxation and what it is spent on. I mind being taxed when that money is going to corrupt government contracts, being used to kill innocent people, and a number of other positions which I would get varying levels of agreement with.

Taxes used for ensuring murderers aren't free on the street is a lot different than taxes used to put people in prison for pot.

This is especially true since we are at a point where most people are taxed without representation, because their vote buys so little in comparison to lobbying or other factors (such as us having first past the poll system of election in the US).

Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by etherael on Thursday December 21, 2017 @01:37PM (#15981524)
I also mind being robbed. And for exactly the same reason.
Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by Florin_Andrei on Thursday December 21, 2017 @02:42PM (#15982124)
> I on the other hand, mind being taxed.

Surely you also mind being the member of a civilized society.

Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by throwaway613834 on Thursday December 21, 2017 @01:46PM (#15981602)
Do you also mind having free public schools and roads...?
Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by throwaway30yo on Thursday December 21, 2017 @02:05PM (#15981779)
Those things are free?

I feel like I have been paying for them since I got my first job at 14. I'll probably still be paying for them when I am 80.

Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by froindt on Thursday December 21, 2017 @02:19PM (#15981908)
And you'll still be using them when you're 80.
[dead]
Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by mancerayder on Thursday December 21, 2017 @03:03PM (#15982322)
Spoken like somebody who has never had a taxpayer-funded clusterbomb dropped on their children.

Spoken like someone who likes to speak for someone else using a curious line of reasoning. You don't want to pay taxes because taxes pay for bombs. But they also pay for poor people to get health care (yes, even in the U.S., at least up until now), older people to get health care, and much more.

Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by jMyles on Thursday December 21, 2017 @07:01PM (#15984050)
That is an excuse, not a line of reasoning. The fact that taxes are used for some good things is a really shitty excuse for the misery and slavery that empire casts upon the world.

Furthermore, I have every confidence in people to care for each other as brothers and sisters in the absence of the state. The internet will not tolerate the bombs and the fake money, but it will facilitate health care and, as you say, "much more."

Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by BeetleB on Thursday December 21, 2017 @08:43PM (#15984635)
>That is an excuse, not a line of reasoning.

I believe he was pointing the same about your comment, just in reverse.

>The fact that taxes are used for some good things is a really shitty excuse for the misery and slavery that empire casts upon the world.

The fact that taxes are used for some evil things is a shitty excuse for not letting it be used for the good things.

>Furthermore, I have every confidence in people to care for each other as brothers and sisters in the absence of the state.

You are as entitled to that opinion as those who have little confidence in it.

Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by orthecreedence on Thursday December 21, 2017 @01:30PM (#15981459)
The internet has child porn, so let's shut that down as well??
Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by jMyles on Thursday December 21, 2017 @01:33PM (#15981491)
I don't think this is a reasonble analogy. I don't advance or enable child porn merely by using the internet.

By contrast, I do advance and enable senseless state violence by paying taxes. It is a source of personal shame.

Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by maxander on Thursday December 21, 2017 @01:38PM (#15981534)
Your taxes also help pay for the education of millions of children, among other things, so there’s that.

More to the point, your objection has some merit- but if you (or anyone else reading this) feels that way, are you protesting or otherwise politically agitating against war, or are you just sitting around feeling abstractly ashamed?

Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by jMyles on Thursday December 21, 2017 @01:40PM (#15981565)
For me, prisons are a more front-and-center topic of activism. I've been involved with SSDP for over a decade. My only real anti-war activism (since the protests around the 2003 war) has been donating to Doctors Without Borders.

But that wasn't quite the point I was making. All I'm saying is that there's no reason to be proud per se of paying taxes.

And while I wish that education were better funded (and National Parks, and NPR), I don't think that it's reasonable to suppose that, so long as we make the mistake of delegating those things to the state, that it won't use our money mostly for misery and death.

Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by s73ver_ on Thursday December 21, 2017 @03:53PM (#15982638)
I believe it's exactly as reasonable as yours.
Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by jMyles on Thursday December 21, 2017 @04:50PM (#15983117)
I don't really understand this comment. I didn't make an analogy.

The state takes tax money and uses it to literally put people in cages and literally drop explosives and chemicals on children. I didn't mean this as an analogy - it's a literal statement.

Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by BearGoesChirp on Thursday December 21, 2017 @01:46PM (#15981600)
Isn't that what we are doing? Not exactly shutting it down, but massive amounts of privacy destroying laws and related technologies are in place for this reason, but which are used more to enforce laws with far less agreement. We didn't shut the internet down, but we destroyed a part of it.
Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by arcticbull on Thursday December 21, 2017 @01:28PM (#15981438)
Spoken like someone who's never lived under a functioning socialized government like, say, Canada.
Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by jMyles on Thursday December 21, 2017 @01:30PM (#15981460)
I love Canada! I have no problem with Canada.

But I don't think it's fair to consider one nation in isolation; the entire world system has afforded hegemonic states for over a century now. Time to bring it to a close.

Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by arcticbull on Thursday December 21, 2017 @02:40PM (#15982102)
I agree, I picked a single one, though I could also have pointed at the UK, Ireland, Norway, Sweden, Finland, Iceland, Denmark, Germany, France, the Netherlands, Switzerland and so on. Curious what you mean by bringing it to a close, though.
Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by jMyles on Thursday December 21, 2017 @03:01PM (#15982308)
I mean deprecating the system of state sovereignty in its entirety. I believe this to be the inevitable effect of the internet.
Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by arcticbull on Thursday December 21, 2017 @03:33PM (#15982495)
Interesting, I think your point about equalization and homogeneity is a likely outcome. I think state sovereignty is interesting when viewed as hundreds of simultaneous experiments in different ways of self-organization. Since it seems nobody has quite perfected it yet (?) I think we're not quite ready yet, though the vision is an enticing one.
Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by throwaway30yo on Thursday December 21, 2017 @01:44PM (#15981594)
Spoken like someone not from Canada.

When the government was funding all of the residential schools, you had no option but to pay the government or risk being tortured.

Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by arcticbull on Thursday December 21, 2017 @02:28PM (#15981990)
I'm actually British, Canadian and Polish, and I live in the US. I've lived in Canada, Australia, Saudi Arabia and Saipan. I've had the opportunity to live under many different systems. Of course, Canada has done shameful things in the past, as has virtually every other nation. I mean, Quebec was a world leader in the export of chrysotile asbestos until 2012. I hardly think you can point to past systems as a reason the current is deficient.

There are plenty of things Canada can do better, too: universal drug benefit, universal dental and vision, childcare, not exporting asbestos so much, etc. I can honestly say though, its a much better way to live up there than down here. You can point to what your taxes do, like allow you to live without the fear of crushing medical debt at any moment. So you pay them without the same amount of tooth gnashing.

Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by s73ver_ on Thursday December 21, 2017 @03:55PM (#15982654)
"you had no option but to pay the government or risk being tortured"

Also known as just "following the law." You could also say you had no choice but to not rape someone or risk being tortured.

Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by cgmg on Thursday December 21, 2017 @06:10PM (#15983769)
I don't understand your analogy. Are you trying to draw an equivalence between tax resistance and rape?
Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ... by s73ver_ on Thursday December 21, 2017 @07:43PM (#15984325)
No, I am trying to say that the, "You have to pay tax or be tortured" is ridiculous. You're not going to be tortured at all. You're going to be penalized just like you would if you failed to follow any other law on the books.