|
Curd you elaborate? Bean that I don't eat that stuff I have nothing to soy on the subject
(It's quite salad to think about)
| Ravings en masse^ |
|---|
| "The difference between genius and stupidity is that genius has its limits." - Albert Einstein | | "If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010 |
|
|
|
|
|
|
Would you work for a BitCoin Salary?
Think about it, both sides of the transaction are anonymous. So you would keep your whole earned paycheck, nothing taken out for taxes.
|
|
|
|
|
Yes, I would. And then convert half of it to normal cash because that's what is accepted here.
You'd still have to pay taxes, and they could simply ask the employer how much he/she is paying. As for being anonymous; you're part of a public blockchain.
Bastard Programmer from Hell 
If you can't read my code, try converting it here[^]
|
|
|
|
|
littleGreenDude wrote: nothing taken out for taxes.
Just like a cash business. You'd have to declare your earnings for tax purposes.
There are two kinds of people in the world: those who can extrapolate from incomplete data.
There are only 10 types of people in the world, those who understand binary and those who don't.
|
|
|
|
|
- Most local supermarkets don't accept payment in BitCoin, so at some stage you are going to have to convert your BitCoin into local currency. This can be traced.
- The Infernal Revenue Service (of whatever country) has quite sophisticated models concerning the costs of living, etc. If it comes to their notice that you are living at a certain standard and have no visible income, they are bound to get interested.
- The penalties for tax evasion are usually quite severe. I have my doubts about the quality of the food in the local prisons, and I look terrible in uniform (any uniform!)
If none of the above apply to you - go ahead!
If you have an important point to make, don't try to be subtle or clever. Use a pile driver. Hit the point once. Then come back and hit it again. Then hit it a third time - a tremendous whack.
--Winston Churchill
|
|
|
|
|
Daniel Pfeffer wrote: The Infernal Revenue Service (of whatever country) has quite sophisticated models concerning the costs of living, etc. If it comes to their notice that you are living at a certain standard and have no visible income, they are bound to get interested.
In the US large cash transactions for many businesses must be reported to the US Federal government.
Those are triggers that can not only trigger internal revenue investigations but can also trigger criminal investigations (drugs, gangs, etc.)
|
|
|
|
|
No.
I'd rather be phishing!
|
|
|
|
|
Nope.
"the debugger doesn't tell me anything because this code compiles just fine" - random QA comment
"Facebook is where you tell lies to your friends. Twitter is where you tell the truth to strangers." - chriselst
"I don't drink any more... then again, I don't drink any less." - Mike Mullikins uncle
|
|
|
|
|
If it's above board why cant they convert it to local $ and pay you in that?
Same as if being paid by an overseas company.
Is it really salary, or contact?
If it's the latter then you can deal with the tax differently - still have to pay but for instance can take out expenses and so pay less tax. (Tax evasion is illegal, tax avoidance isn't.)
Installing Signature...
Do not switch off your computer.
|
|
|
|
|
It is just a hypothetical question. Probably could have been suggested as a weekly poll question.
|
|
|
|
|
Not unless they gave me an absolutely cast-iron guarantee that I'd never have to try to embed a b***tard COM interop assembly into a web service.
98.4% of statistics are made up on the spot.
|
|
|
|
|
| No
Caveat Emptor.
"Progress doesn't come from early risers – progress is made by lazy men looking for easier ways to do things." Lazarus Long
|
|
|
|
|
|
Yes, but when you're dead, it won't bother you so much. 
|
|
|
|
|
littleGreenDude wrote: nothing taken out for taxes.
How do you figure? Your employer will take taxes out, assuming you're not a contractor.
Anonymity doesn't change anything here. The government will still want their part, and you still need to file your taxes.
If it's not broken, fix it until it is.
Everything makes sense in someone's mind.
Ya can't fix stupid.
|
|
|
|
|
Utilizing block chain technology only allows auditing of a fact that a transaction occurred. The parties at the end of the transaction are anonymous. That is why the criminals who create ransomeware request a bitcoin payment.
|
|
|
|
|
I know that. That has nothing to do with taxes.
If you're a regular employee your company will take out taxes. And the IRS will want their share.
If it's not broken, fix it until it is.
Everything makes sense in someone's mind.
Ya can't fix stupid.
|
|
|
|
|
There never existed ransomware before bitcoin, ofcourse 
Bastard Programmer from Hell 
If you can't read my code, try converting it here[^]
|
|
|
|
|
littleGreenDude wrote: That is why the criminals who create ransomeware request a bitcoin payment.
Err...you are ignoring the point that the people doing that are already criminals. They use it as a tool to facilitate their activity that would be criminal regardless.
The original question didn't, for example, suggest that the work itself was illegal.
|
|
|
|
|
Ya' know, if everyone evades taxes there won't be any public facilities or servies. It would really really suck - give it some thought.
| Ravings en masse^ |
|---|
| "The difference between genius and stupidity is that genius has its limits." - Albert Einstein | | "If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010 |
|
|
|
|
|
I did, that is really what is at the root of the question. I recently sat in a block chain conference that was hosted by GE and in attendance at the conference were groups of people from the 2 largest American bank firms. They expressed concerns because the technology facilitates the anonymous transfer of funds between parties outside of bank controlled currencies. When you think about the fact that a large chunk of their revenue comes from fees associated with credit card transactions between parties, allowing the anonymous transfer is scary and potentially a huge loss. That got me wondering what other vulnerabilities exist should people become more willing to embrace a cryptocurrency as opposed to government backed money. Luckily, from the straw poll results to this thread people in general don't seem open to it... yet.
|
|
|
|
|
Consider this, as well:
If there's no accounting to wealth then the amount of money that could be collected as taxes would amount to something akin to a head-tax. About the most regressive tax imaginable.
| Ravings en masse^ |
|---|
| "The difference between genius and stupidity is that genius has its limits." - Albert Einstein | | "If you are searching for perfection in others, then you seek disappointment. If you are seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010 |
|
|
|
|
|
|
Bank is like a middle man. What if you can do b2b,p2c,p2p without these people who just have ledgers in a database and make it end to end ? What if imagine.Imagine no possessions I wonder if you can,No need for greed or hunger,A brotherhood of man,Imagine all the people,Sharing all the world... You...
You may say I'm a dreamer But I'm not the only one I hope someday you'll join us ...And the world will live as one ....
Caveat Emptor.
"Progress doesn't come from early risers – progress is made by lazy men looking for easier ways to do things." Lazarus Long
|
|
|
|
General 
News 
Suggestion 
Question 
Bug 
Answer 
Joke 
Praise 
Rant 
Admin 
Submit an article or tip
