My understanding is that it’s not a criminal offense to stop paying your taxes, but you DO have to file them honestly and accurately.
Generally all the IRS does is assess interest and penalties and will try to seize your financial assets and real estate. If you have everything in bitcoin, there’s nothing they can seize.
Eventually people will realize that when they have all their assets in cold storage, taxes become optional.
This sort of thing happened in Weimar Germany, according to the book “When Money Dies”. People just stopped paying their taxes because if they waited a while, the money would devalue and the tax bill became negligible.
techfeudalist /
npub1nz…0yxqu
2024-04-14 00:23:26
in reply to nevent1q…2cqp
Author Public Key
npub1nz3cd3mx4jf9paxwrdgqvchaprjdge9pj9t58mkusw74q5saajkqu0yxquPublished at
2024-04-14 00:23:26Event JSON
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"pubkey": "98a386c766ac9250f4ce1b500662fd08e4d464a1915743eedc83bd50521decac",
"created_at": 1713054206,
"kind": 1,
"tags": [
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[
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"content": "My understanding is that it’s not a criminal offense to stop paying your taxes, but you DO have to file them honestly and accurately. \n\nGenerally all the IRS does is assess interest and penalties and will try to seize your financial assets and real estate. If you have everything in bitcoin, there’s nothing they can seize. \n\nEventually people will realize that when they have all their assets in cold storage, taxes become optional. \n\nThis sort of thing happened in Weimar Germany, according to the book “When Money Dies”. People just stopped paying their taxes because if they waited a while, the money would devalue and the tax bill became negligible.",
"sig": "71625873378c10aa7f526f0d2156cf158ee3a22c29680ae8fe1401f896d6dad4ea09c19e3b984c296f95dfb6d18ecf5591268af5a7050be77c473ade09f22555"
}