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[GIZ] IRS Declares Bitcoin Is Property and Must Be Taxed As Such - Page 20

post #191 of 199
With the crypto prices changing so frequently I don't see how one can accurately obtain the fair market price on the crypto on the day it was mined. This bothers me too. I'm paid every hour in ltc and there is no way I'm updating my reported amounts each hour as it can vary with difficulties!
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post #192 of 199
Why is anyone surprised that this happened?
post #193 of 199
Quote:
Originally Posted by lombardsoup View Post

Why is anyone surprised that this happened?
we're just not as smart as you are
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post #194 of 199
Quote:
Originally Posted by y2kcamaross View Post

we're just not as smart as you are

I'm quite stupid, actually. I was just wondering why my betters didn't see this coming.
post #195 of 199
Quote:
Originally Posted by lombardsoup View Post

Why is anyone surprised that this happened?

Not surprised on the taxation, but the treatment of mining.
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post #196 of 199
Quote:
Originally Posted by Bridgypoo View Post

Not surprised on the taxation, but the treatment of mining.

Wouldn't be surprised if crypto-currency friendly nations followed suit once they realize the profitability of such a move. Money trumps principle, every time.
post #197 of 199
Quote:
Originally Posted by Bridgypoo View Post

Not surprised on the taxation, but the treatment of mining.

there are two possibilities - taxation or banning the bitcoin. so it looks that the taxation is the better one for everyone
post #198 of 199
Death and taxes. Two inevitabilities.
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post #199 of 199
Quote:
Originally Posted by Bridgypoo View Post

Death and taxes. Two inevitabilities.

Nah...I can get placed into cryo storage.
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