Quote:
Originally Posted by L-Pink
Well ?.. if you bought the bitcoin for say $90. and it's worth $150. when you trade part of it for a drink you would need to pay tax on the part of the $60 profit your investment yielded.
Or you just drop a few dollar bills on the bar and walk away. Who the hell wants each small transaction to become a taxable event? Seriously who?
That's the problem for everyday consumer use. As far as an investment? ?? If you can mine them or buy low/sell high then go for it. A good investment is a good investment, but don't tell me it's the new way to buy a Heineken.
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Who would tax "anonymous" bitcoins? As far as I know you do not have to provide your real name there. And those cash you are talking about, they would be taxed before for you (when you got them you probably paid taxes for them). So lets say you get 1000$ in cash, that probably means you means you have to pay some tax or you have already paid tax on them. While when you get 1000$ bitcoins you did not pay tax for them.