Ask HN: Feel bad about working in crypto, what to do?

Re:Ask HN: Feel bad about working in crypto, what to do? by mmcnl on Sunday June 19, 2022 @07:30AM (#31798345)

Crypto is one of many solutions for this problem. I'm willing to argue that out of 10 possible solutions, the crypto solution is the worst of all. Simply because the law is the law, and crypto might make it harder to enforce the law, it doesn't _change_ the law. So even with your crypto solution, you still would owe money to the California Franchise Tax Board, whether you like or not.

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Re:Ask HN: Feel bad about working in crypto, what to do? by ufmace on Sunday June 19, 2022 @12:13PM (#31800660)

To be fair, it's a lot easier to deal with tax board says you owe $X but can't physically take anything, so you get a chance to make your case before actually handing it over, than tax board says you owe $X and just grabbed it out of your account without even warning you, you can try to contest it after but you'll be broke while you do.

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Re:Ask HN: Feel bad about working in crypto, what to do? by nootropicat on Sunday June 19, 2022 @08:29AM (#31798684)

Possession is 9/10 of the law. What some tax board thinks only matters insofar as they are able to enforce their will. People think governments are omnipotent. They are not.

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Re:Ask HN: Feel bad about working in crypto, what to do? by latchkey on Sunday June 19, 2022 @10:18AM (#31799602)

Read what I wrote. I paid my taxes. I paid what I owed. I am almost 50 and never had an issue with taxes in my lifetime. They still emptied my account with no notification.

I never thought that would happen to me.

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