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RE: Valuing Steem Rewards As Taxable Income Is A Vast Overstatement Of Tax Liability - Part 1
Then you've been doing it very, very wrong.
Yes, if you find a paperclip, it's value is technically taxable income to you, though nobody reports paper clips as income because their value is so low and the chance of getting caught is near zero. Neither is true with SP or SBD.
There is no fathomable ethical or moral justification for this. You are just defining oppression's own fallacious argument. I am outlining a moral and philosophical justification for how things should be. Hopefully, by part four or five, I will be able to make that practical.
There is no fathomable ethical or moral justification for taxes, period. But that's rather beside the point.
You are a strange man. You on one hand say.. they are no bueno.. then on the other hand you are enforcing them wholeheartedly by fear-mongering things out of imagination land. Make a stand. Stop the unjust. Don't push your brothers over to trample on their backs.
I assure you, it's not imagination. It's black and white law. Not even a shade of grey. People can decide for themselves whether to obey the law or not, but they shouldn't be deceived into believing the law says one thing when it actually explicitly says the other. If you want to argue that the law should be different than it is, you'll get no objection from me. If you want to argue that the law is unjust and people should not obey it, I likewise won't object. But don't mislead people by misrepresenting the law to them.
You sir, should devote some more time with the mind you have to helping the common man figure a way out of the laws of the elites. You have an astute understanding and possible know the key to unravel or to discard the base of this house of cards.
absolutely. If you aren't helping, you're a part of the problem.
Here this guy is sharing his knowledge openly, and you’re accusing him that he’s part of the problem???
What the fuck do you expect of him??
What are you do that’s so much more valuable to be helping??
How do you even know how he serves his clients??
So sick of such self-righteous B.S. like this.
reading through this chain was a trip; at least there was some sense at the end of it.
If being wrong means getting wealthy, then.im wrong.
yes, if loving you is wrong ... then I don't wanna be right.
lol sexual chocolate
By you saying he is very, very wrong. Do you mean to say that if you purchase and hodl something, and it appreciates in value, you are expected to pay taxes on something even though you haven't actually had a taxable event?
OR
Are you saying if he finds money on the street and never reports the income, then he is very,very wrong.
Clarification there would be nice as I can see you saying either statement. Thanks.
As for finding the paperclip. Yes I agree. Any income found is taxable. However, the IRS has to prove it as well.
If you buy something and then it appreciates, you don't pay tax on the appreciated value until you sell/trade it. But you do pay tax if that something is gifted/awarded to you at the time of the award.
Right. I was just trying to get clarification from @sean-king.
One of those statements is wrong while the other is not. I can see him making one of them (the correct one) but the op misunderstanding.
This the asking for clarification.
Not looking to tear anyone down or anything! 🙂
sorry but people dont pay taxes on money people gift to them
if this was teru peopel would be paying taxes on every Borthday and Christmas! Do little kids also have to pay taxes on Cheristmas gifts from Santa?
maybe tahst why anta needs all those elvs to do all the tax paperwork for christmas gifts!
haha sorry but i knwo ur trying to helpo BUT people like u are the ons spreading theentire idea of having to pay taxes, its a social peer pressure situation, we police ourselves
no i mean it! if people refused to obey immoral orders the world would be abetterplace ...if people just stoped paying their taxe sthe IRS would have to just guve up and try raising taxes another way! its true! its up to al of us ! the IRS is NOT some unavoidable computer program like Agent Smith
the IRS is NOt some absolute gold like omniscent omnipresent organization that sees all and know sall, they are a criminal enterprise a mafia and they ue fear and intimidation and violence and they will be stopped and they will be made to heal under Trump and th American people will eventually show the world how we can end the income ytax and generate all revenue on tarrrifs and other sorts of taxes..we coudl also sel federal lands to raise money....we could shrink the federal government and we wouldnt need our icnome tax,
When you are gifted money or even stocks by family or friends (not an employer), then the rule is under about $14k per year you don't have to pay tax or report it. Over $14k you do have to pay tax. You can also have married couples split this up, so your dad could give you $14k and mom give you $14k for $28k total per year with no tax implications.
But, if your mom gives you $20k as a gift on xmas, you have you pay tax on that....or the IRS will come calling. This is not about being moral or immoral...it's about an existing US tax law and do you want to break it or follow it.
https://en.wikipedia.org/wiki/Gift_tax_in_the_United_States
I mean the latter, not the former.
Thanks! I was hoping that.
As someone studying to be a CPA one day, I followed you!
I was hoping to find some good tax-related stuff on his blog, found near-nude pics of his GF instead! Lol. :-)
😂
Just done exactly the same thing whilst hunting for info on.... shit... I've forgotten now! Haha!
By the way... If you actually found money on the street and not report it - yes, it is wrong.