technically for us, we pay a tax on the coins when they were created, then we pay another tax at the time of selling minus the fees already paid when it was mined.
Chat archive · 2017-09
hashingpro · · #30614
bluelemonadecrypto · · #30615
but at 25k a year you pay $1224
hashingpro · · #30616
yeah so its all percents
bluelemonadecrypto · · #30617
we await a ruling from our tax office in Feb, but currently the guidance is we ay when we turn into fiat
hashingpro · · #30618
so the US taxes wants their money now when you make the coin, and then again if when you sell it
hashingpro · · #30619
so you lose it in the meantime they already got their cut
bluelemonadecrypto · · #30620
because the question asked is, if you go out gold detecting do you pay tax on the value of the gold when you find it or sell it?
bluelemonadecrypto · · #30621
but sometimes sense is not what is used by these tax offices and it is more what can be easily measured, rather than what is consistant and/or fair
hashingpro · · #30622
to me if I hold something it has no value only when the person offering to exchange goods puts a price to it, does it become a real value.
hashingpro · · #30623
I practice shrodenier's cat box of finances.
bluelemonadecrypto · · #30624
which is a valid view, but the tax office makes up their own reality to suit themselves
bluelemonadecrypto · · #30625
I make one point though - the only truly anonymous coins are those which are mined (solo) and sent to a wallet that has never been spent from
hashingpro · · #30626
Love, love, you know what love is? Love is an illusion created by lawyer types like yourself to perpetuate another illusion called marriage to create the reality of divorce and then the illusionary need for divorce lawyers.
bluelemonadecrypto · · #30627
and might be spent from some time in the future when you may be in a different country...
lhfx21 · · #30628
So if someone doesn’t live in the US and doesn’t have US greencard can mine in the US tax free?
hashingpro · · #30629
id just send them to myself
hashingpro · · #30630
OR...take out 50K in cash, hide it under my bed, and send my coins to myself.
bluelemonadecrypto · · #30631
I am an engineer, not a lawyer, many places I work calling an engineer a lawyer can get you a punch in the head
bluelemonadecrypto · · #30632
I reiterate - the only truly anonymous coins are those which are mined (solo) and sent to a wallet that has never been spent from
hashingpro · · #30633
I bought coins, 50K I sold them 60K go ahead tax my for 10K profits...pretty sure I got some cash to pay that with.
hashingpro · · #30634
tried to send in a support ticket
hashingpro · · #30635
cant get an email to get into the support system
hashingpro · · #30636
to validate to make an accunt to put in an official ticket
bluelemonadecrypto · · #30637
lhfx21 wrote: So if someone doesn’t live in the US and doesn’t have US greencard can mine in the US tax free?it seems o, but this starts raising some of the more difficult questions of crypto and cross border actions by individuals, at some point it becomes impractical to mange/control
hashingpro · · #30638
if you arent a US citizen you dont pay taxes on money you didnt make form us
dog1965 · · #30639
did I start something here ?
hashingpro · · #30640
if you come to america for school, and have a job here, they tax money from here to you
bluelemonadecrypto · · #30641
we also currently have a thing in Australia, if you pay for a personal use item worth less than 10k with crypto then it is not taxable, mainly because it is to hard to do all the paperwork, for the tax office
dog1965 · · #30642
peace people and fuck the tax man.
hashingpro · · #30643
F the police!
hashingpro · · #30644
and blue yeah that chief thing was a joke
hashingpro · · #30645
they would really have to pay me well to work for John Q lawman.
dog1965 · · #30646
there you go f the police I agree!!!!!
bluelemonadecrypto · · #30647
and their are other precedents, like say stamp collecting, where the difference between an untaxed hobby and a taxable enterprise is the 10k limit
hashingpro · · #30648
non crypto coin collecting
bluelemonadecrypto · · #30649
hashingpro wrote: and blue yeah that chief thing was a jokeHa, you got me twice then
hashingpro · · #30650
sports cards
dog1965 · · #30651
you cant walk down the street without being searched for no reason does not matter what color either.
hashingpro · · #30652
think i got that scammer twice or at least once?
bluelemonadecrypto · · #30653
just remember tax pays for schools and roads and hospitals and stuff
hashingpro · · #30654
even GregG thought that one was funny
hashingpro · · #30655
have you driven a bus across our streets on the way to a hospital?
hashingpro · · #30656
its bad man, really bad.
dog1965 · · #30657
true that let only rich people pay not poor!!!!!
bluelemonadecrypto · · #30658
I just object to paying so much tax because I work long hours and the govt treats me like I am "rich" so I can pay 10 times more tax than someone earning a third of what I do
bluelemonadecrypto · · #30659
takes away the incentive to try
hashingpro · · #30660
you are living ABOVE the means of others
hashingpro · · #30661
no thats fine, you can have my taxes...when you pay me back for the tuition and years of my life learning this trade to make this money.
bluelemonadecrypto · · #30662
I earn enough to pay a shitload, but not enough to pay a tax lawyer...
hashingpro · · #30663
paying the lawyer may be cheaper.
hashingpro · · #30664
ever hear its easier to ask for forgiveness than permission?
bluelemonadecrypto · · #30665
I went to University for 4 years and then trained as a junior engineer for another 6-8 years to get to this point 30 years later
dog1965 · · #30666
I like mad max road worriors ways.
bluelemonadecrypto · · #30667
and now pay well over 100k a year in taxes every year
hashingpro · · #30668
you have a EE right
dog1965 · · #30669
you dont fuckem!!!
bluelemonadecrypto · · #30670
but mainly because I work away from home and do something like 3000 hours a year
hashingpro · · #30671
blue you do safety systems as EE?
dog1965 · · #30672
donatld trump should pay not us.
dog1965 · · #30673
donald
bluelemonadecrypto · · #30674
not because I am greedy, but I work on big plant, like LNG gas, iron ore mining etc and they are not close to the main city
dog1965 · · #30675
I should buy stocks in that company
hashingpro · · #30676
buddy got back from 12 years down under, working for a mining company, aprarently those are all over down there?
bluelemonadecrypto · · #30677
I live in Perth, Western Australia, fly for two hours in a jet to get to work
bluelemonadecrypto · · #30678
and still in the same state, it is huge
hashingpro · · #30679
mining is big, not just crypto the in the ground stuff
dog1965 · · #30680
wow that big.
bluelemonadecrypto · · #30681
but in Perth you need a mill for a decent family house that is not an hours drive from the city
dog1965 · · #30682
the land down under.
bluelemonadecrypto · · #30683
you can drive at 60MPH for two days straight without stopping and still be in the same state
dog1965 · · #30684
living in the land down under.
bluelemonadecrypto · · #30685
in western australia
bluelemonadecrypto · · #30686
and the state population only 2.5mill
bluelemonadecrypto · · #30687
but extremely rich in minerals and oil/gas
bluelemonadecrypto · · #30688
it is way bigger than texas
bluelemonadecrypto · · #30689
bigger than western europe, just as a state
dog1965 · · #30690
how much for electric ???
hashingpro · · #30691
It's not very big. You could walk across it in three or four days. Three or four days! You can walk across New York State in two! Yeah, but this is the Territory. I mean, anything under 1,000 square miles up here is a hobby farm.
bluelemonadecrypto · · #30692
hashingpro wrote: blue you do safety systems as EE?yes and control systems, plus degree is electrical but always written software, was writing Atari games when I was 15 in 6502 assembler, I am old compared to most crypto heads
bluelemonadecrypto · · #30693
our electricity is 30c kWh
bluelemonadecrypto · · #30694
it is a fucking crime, more gas than saudi arabia and we pay that much, go figure
dog1965 · · #30695
expensive to live there thats why only 2.6 million people.
hashingpro · · #30696
did you work on any games at atari by chance?
bluelemonadecrypto · · #30697
we used to be the lucky country, now we are the expensive and overtaxed country
hashingpro · · #30698
or just messing with your own coding, any homebrew games?
bluelemonadecrypto · · #30699
no not at Atari, had a hint of an interview there but my parents woudl not let me go to USA
hashingpro · · #30700
have you SEEN some of the homebrewed 2600 games to come out in the past 20 years?
bluelemonadecrypto · · #30701
commercial games
bluelemonadecrypto · · #30702
atari 400/800
hashingpro · · #30703
ok im in I had a 800 with a 1050 duplicator drive in 3rd grade, 82 or so
dog1965 · · #30704
love 6502 assembelly code cmp,lda,bew.bne’
hashingpro · · #30705
what games for atari 800
hashingpro · · #30706
im sure i played them all we had a tite pirate group and over 4K titles to swap around
bluelemonadecrypto · · #30707
first RISC processor, everything always looked too complicated compared to one accumulator and and X and Y register
dog1965 · · #30708
beq sorry
hashingpro · · #30709
i didnt get into deep assemble compling and programming by registers til I hit college on a vax/vms mainframe
bluelemonadecrypto · · #30710
the only one I can find online is "shaft Raider" and that was a shit thing because the local computer shop owner in our state "produced it" and the game cover had all spelling mistakes and that
dog1965 · · #30711
they just added more registers no ?
hashingpro · · #30712
but the atari aseembler editor was huge for me in gradeschool learning the inner workings of a PC
bluelemonadecrypto · · #30713
after that I wrote games and sold them as source code to companies inthe states and them they modded them and brought them out under their own banner, can’t remember all the names