Cashless society
(media.scored.co)
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Again ignoring the fundamental difference between CBDC and BTC/decentralized and anonymous cryptos.
Neither are anonymous nor independent. If you can buy digishekels at gas stations and have to file the income on your income tax, WTF makes you think you can convince people it's somehow liberating to use a slave currency?
That's retarded.
What's the point in criticizing something that you don't even understand? The point is to discredit it obviously, because you're a shill.
Good thing my numbers on a screen are still growing! Right? Guise??
You know the current fiat system is ran by computers too, right? When the system goes, your monopoly money will be used to wipe your ass with - ask Venezuela. As if the paper itself holds any real value... I hope you're a shill and not that stupid in reality.
What makes digital currency income if no gain is involved?
What triggers the duty to file tax returns?
If you want to go over any part of that whole territory, I have information, but it might not align with your interests or your own "income" sources.
The Federal Reserve is unConstitutional because it's owned by a foreign entity. As with it, the IRS and Federal Income Tax.
You have to show gains or else you get robbed via penalties.
The fact you don't get a return if you don't, and if you owe money - prison.
Facts are important in matters of law, Joe.
The Federal Reserve Board is a private entity whose members are appointed by presidents. The twelve Federal Reserve Banks are private entities. They are not foreign-owned, but you may mean that foreigners hold a majority portion of the US public debt.
The IRS is an agency of the Treasury Department that expanded from its first commission in 1862. The Fed, the IRS, and the income tax are Constitutional both according to the Supreme Court and according to the common man's reading of the statutes. The nature of the scheme behind them is slightly complex and so I don't comment on the details without evidence of interest.
Do you mean you get penalized if you gained income and didn't report it? That is true but if no gain is involved there is no duty to report income. The question I asked is about, if digital currency increases in value to me, what triggers the duty to report that? You appear unaware of US tax law, and you might be in for quite the awakening if you were interested.
Your answer was mistaken on two counts. If the government withheld money on your behalf and owes you, that is not a trigger of duty to report, you could just ignore it. That is a big part of the scheme, convince workers to give up federal withholding and then feel good about getting part of it back maybe. During the War of 1812 when Congress considered an income tax they realized it would be silly to collect and pay out the same money and voted against it, but they got greedier later.
Secondly, owing money cannot be a trigger of duty because you don't owe the money until you self-assess that it is owed, which self-assessment is the filing of the return itself. (If someone else assesses, it's because you missed the first trigger.) So I invite you to think about what actual event triggers the duty to file a return, which any accountant can tell you. It's not the purchase or sale of digital currency, nor withholding, nor a statement of debt, but you are free to keep playing.