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Chat archive · 2018-06

Hobo01 · · #87729

You are a service provided. Which I pay for.

Hobo01 · · #87730

Otherwise if the first is true, then you are theives stealing money from your "contractors"

Hobo01 · · #87731

In forms of a service fee.

Hobo01 · · #87732

So which, felony do you want?

Hobo01 · · #87733

Theives stealing? Or Fraud Tax?

CSZiggy · · #87734

I think by law they are required to report the money/trade they pay to you. Even if you cut grass on the side for spare $ that is technically taxed income. So is mining.

CSZiggy · · #87735

If you don't want to fill the form out, then just don't mine here, there are plenty of other pools that work illegally and wont report you or the profits you make.

Hobo01 · · #87736

Fuck it. Calling the IRS. Reporting the fraud and liability.

CSZiggy · · #87737

thats why it took them 4 months to upgrade. They had to call a lawyer and make sure they were tax compliant.

Hobo01 · · #87738

They aren’t.

Hobo01 · · #87739

I have a real business.

CSZiggy · · #87740

so what's the issue exactly? you just dont want to have to pay taxes on the profits or ?

Hobo01 · · #87741

No

Hobo01 · · #87742

It is a matter of assesment.

Hobo01 · · #87743

Their is no SEC

Hobo01 · · #87744

Who is saying what the value is?

Hobo01 · · #87745

There is no due process.

Hobo01 · · #87746

no way to challenge.

CSZiggy · · #87747

the fair market value at the time you receive it, is what most of the tax codes specify.

Hobo01 · · #87748

WHO DETERMINES THAT

CSZiggy · · #87749

whoever you want.

Hobo01 · · #87750

There is no Government agency that does!

CSZiggy · · #87751

just be consistant

Hobo01 · · #87752

IT doesn’t exist. They are hoping that through compliance you give them regulation power.

CSZiggy · · #87753

if you use coinbase for the prices at the time you got payments, just use that throughout.

Hobo01 · · #87754

ProHashing is not coinbase.

CSZiggy · · #87755

never said it was

Hobo01 · · #87756

They are not a recognized authority.

CSZiggy · · #87757

you send your coins someplace?

Hobo01 · · #87758

Nor is coinbase.

Hobo01 · · #87759

To the exchange.

CSZiggy · · #87760

at the time you get them YOU are responsible to record the value, whever you got that value from

Hobo01 · · #87761

Where they are accounted for.

Hobo01 · · #87762

The real issue is the claim of contractor

Hobo01 · · #87763

I am not and I repeate NOT a contractor for these guys

Hobo01 · · #87764

I am not an Employee.

Hobo01 · · #87765

I do not work for them

Hobo01 · · #87766

They do not pay me a salary

Hobo01 · · #87767

I earned my coins. I minted them.

CSZiggy · · #87768

the way they set it up, if you do work at their pool, you are working for them on their pool.

Hobo01 · · #87769

nope.

CSZiggy · · #87770

look at it this way, if you work for them mining their coins, then are you liable for self employment?

Hobo01 · · #87771

I will not be affiliated with criminals.

Hobo01 · · #87772

They don’t mine anything.

CSZiggy · · #87773

if you work for you...yes. if you are working for them, do you owe self employment?

Hobo01 · · #87774

The collective pool does. and my coins are shared with the miners. Not prohashing.

CSZiggy · · #87775

isnt that another 15% on top of the 45% for income taxes?

Hobo01 · · #87776

I owe 2 taxes

Hobo01 · · #87777

employee tax and self-employement.

Hobo01 · · #87778

Which is why it’s bullshit.

CSZiggy · · #87779

and then when you sell the coins, capital gains vs the price you paid in income taxes

Hobo01 · · #87780

This is a FRAUD on every single level there is.

Hobo01 · · #87781

yes

CSZiggy · · #87782

hopefully gains and not losses

Hobo01 · · #87783

always losses because they allowed the government to instil a law where they have no jurisdiction.

Hobo01 · · #87784

Rule by consent.

Hobo01 · · #87785

Because they are retarded.

CSZiggy · · #87786

mine at a pool that doesnt report earnings

Hobo01 · · #87787

I will not have anything good to say about this mine. It’s too bad, because I did like it.

CSZiggy · · #87788

problem solved

Hobo01 · · #87789

It’s not about earnings.

Hobo01 · · #87790

I didn’t EARN anything.

Hobo01 · · #87791

My miners mined them.

Hobo01 · · #87792

They created the ledger entry.

Hobo01 · · #87793

Not ProHashing.

CSZiggy · · #87794

and the miner's owner got paid for it?

Hobo01 · · #87795

I found the blocks, and got the rewards.

Hobo01 · · #87796

They are saying that I have to share that with them, and pay myself.

Hobo01 · · #87797

Your not understanding. It’s a scam. Either you are PPS

Hobo01 · · #87798

or you are solo

Hobo01 · · #87799

If you are PPS

Hobo01 · · #87800

All miners work together.

Hobo01 · · #87801

if you are solo you work solo

Hobo01 · · #87802

PPS Does not say we are all contractors to each other.

Hobo01 · · #87803

It says we agree to split the difference (Joint-Venture)

Hobo01 · · #87804

ProHashing is a service which allows for this.

CSZiggy · · #87805

if you use the pool's services you pay to use them. If it was a pay porn site, you'd have to pay to use that also.

Hobo01 · · #87806

Not an employer.

Hobo01 · · #87807

We all do.

Hobo01 · · #87808

with a 4.99% pool fee (Management)

Hobo01 · · #87809

Therefore their is no EARNINGS

CSZiggy · · #87810

yep, to allow for transfer of coins from 1 form to another

Hobo01 · · #87811

There is what you found, and rewarded.

Hobo01 · · #87812

Nope.

Foxx · · #87813

oye! still carrying on?

CSZiggy · · #87814

you worked a job, you got paid

Hobo01 · · #87815

That is an exchange. Which has it’s own FEEs

CSZiggy · · #87816

you owe taxes on the money made.

Hobo01 · · #87817

This is a service model.

Hobo01 · · #87818

What money?

Hobo01 · · #87819

ITS NOT A CURRENCY!

Hobo01 · · #87820

Property.

Foxx · · #87821

lmao

CSZiggy · · #87822

i guess then don't use it. These guys are legit, the profits on the pool may suffer some from it. If you want bigger profits there are illegal under the tax code pools that will take your hash.

Hobo01 · · #87823

IRS tax laws do not view the transactions as currency. BECAUSE SEC is not involved.

Hobo01 · · #87824

No it’s a crime

Hobo01 · · #87825

and PONZI

CSZiggy · · #87826

its like value at time you receive it

Hobo01 · · #87827

it’s using others investements

Hobo01 · · #87828

to justify your expense.