/jp/ - Otaku Culture

>>11342812
okay

here you go

alright

so what

Does moot declare income? I think its time for some IRS audit

>>11342831
I'd have to read the thing, but I bet the guy could be in trouble for tax evasion or some shit. Not sure how serious that is over there.

This is the problem with personally owning anything that makes any money: you don't get the income tax automatically deducted from the actual income as you get it, so you have to remember to pay up 4 times a year, maybe more some places I dunno.

>>11342836
only reason moot would need to declare income is if he's on charity

buttcoins and other scam proxy shit aren't considered money (as far as I know, they aren't even considered foreign currency, they might be financial derivatives or something)

>>11342845
he just paid a tax penalty

that's it

(he doesn't even own 2channel/isn't part of niwango anymore so even if it was more important it wouldn't matter)

>>11342852
???

what are you talking about

>>11342858
sorry, I was using the term "buttcoin" to refer to "bitcoin"

>>11342892
that's clearly not the part that's confusing

your post makes no sense whatsoever

>>11342901
sure it doesn't

whatever, ESL dimwit, fuck off and have a nice day

>>11342929
it really doesn't, dweeb

let's go over the ways it doesn't make sense

>only reason moot would need to declare income is if he's on charity
that's not true in any way and makes no sense

>buttcoins and other scam proxy shit aren't considered money
how's that relevant in any way to the topic

>>11342852
Money isn't the only thing that gets taxed. If you have a big stack of gold ingots in your shed or a large collection of expensive paintings, you have to pay taxes on those as well.

>>11342966
also you do have to declare bitcoins as income, at least in the US and in Canada

idk about your 3rd world shithole country

>>11342975
I think he's talking about publicly declaring income. Any income over 9000 a year or something, you have to declare to the gvmt. Charities and non profits have to make their financial shit public I think.

>>11342967
only if they're valued at something in some actual country's money. Bitcoins are on a "they're freebies but hey you can pay me whatever you want for 'em too, that's just fine" basis. They're just strings of random bits getting signed and hashed or whatever. Now, the new ones, these "namecoins" might be worth real money.

But I'm not an expert, play it safe and ask one.

>>11343240
>Bitcoins are on a "they're freebies but hey you can pay me whatever you want for 'em too, that's just fine" basis.
Where can I find these freebies?

>>11343240
Bitcoins are worth something in other currencies, though; there are currency exchanges and everything. And although you can get bitcoins for free by "mining" them, the amount of computing power you need to do so has become so much (the amount of computer power needed increases as more bitcoins get mined), that you basically need dedicated hardware running continuously nowadays, making it not worth the effort for people who don't see it as a long-term investment.

Anyway, I don't know about the IRS, but the Dutch Tax and Customs Administration at least has made a statement about bitcoins being taxable.

I don't know why things like this has to go public. Can't the government have this under wraps and let Hiroyuki pay up taxes and let him live his life?

>>11343385
To enforce responsibility on to the government. Imagine if this wasn't made public, the government could, for example, make a deal with Hiroyuki (what the Japanese government wouldn't give to have a direct backdoor to the 2ch servers) without anyone noticing. If the government can't be trusted to enforce its law with some level of consistency, then the law and the institution that enforces it lose validity.

>>11343347
They're at-will private exchanges. The formal currency exchanges for currencies like dollars and euros and yen are set up via a treaty, and are regulated and everything. Not sure what regulation gets done to the bitcoin business by anybody, though I guess people working for governments have said they're worried about the things.

I wish it was possible to create a currency that could never be taxed.

>>11343509
Irrelevant. The majority of goods that get traded don't have any formally standardized value, but if those couldn't be taxed, people would just turn their savings into corned beef or something.

>>11343513
hmmm....

what about a digital currency where each coin has a variable value and comes with a code allowing you to transfer value between coins (the codes would all be handled in software automatically)
and normal transactions would require handing over the coin and the code to alter its value so that you can't change its value on the other person..
however, I'm sure tax law doesn't have anything in place to account for value change. So you wouldn't be required to give them the codes and could alter the value of the coins you hand over for tax to 0.

>>11343580
right, I hear what you're saying, but what's the going rate for a Pass at corned beef or 4chan or whatever? It's set by the proprietor. And he can change it every deal he makes, too, it's not normal business.

We'll just have to see how things go. Anyway I doubt moot or anybody else who gets a lot of bitcoins without providing some physical goods/service valued at $whatever which cost them $whatever to provide has to even admit to owning the things until they spend 'em. I mean they are supposedly anonymous or whatever, right?

>>11343607
In any kind of trade, the price of the goods are set by the seller, but if the price is too high, nobody will buy it and if it's too low, it won't make a profit. This way, goods naturally end up having a certain value (in normal circumstances, anyway), even if it isn't ratified by international treaties and whatnot. Also, if corned beef were tax-exempt, I can assure you there'd be corned beef banks popping up and it would be quite easy to figure out how much a 4chan Pass would cost in tins of Standardized Corned Beef (SCB). Anyway, I don't know the process of how non-monetary belongings are valued as far as taxes are concerned, but I imagine it's similar to how insurance companies do it.

As for bitcoins, legally you're required to voluntarily admit how much you own. Of course, you can choose not to, but if you're trading in public (which 4chan is) and you're not reporting believable income numbers, someone might come knocking on your door, asking for proof. Alternatively, if the police ends up searching your PC because of something else you're accused of and they find out the state of your bitcoin wallet, you're also screwed.

moot doesn't receive the shekels in buttcoins anyway, they get automagically converted to USD for him when you buy the pass.

>>11342852
>>11342892
>>11342929
when post of like this come to my eye i think when i dided the time for to teach haha???

>>11342738
does moot has a cayman isles account and ron paul gold bars?