📅 Original date posted:2013-09-28
📝 Original message:> But the regulatory environment in many geographical regions in
> uncertain. Do we need to pay capital gains? Do we need to pay a
> sales taxs etc. etc.
In most regions it's not only 'simple' but trivial - BTC is just
'another currency' and accounted for exactly the same way - it doens't
matter if you sell your hose for GBP, USD, EUR, BTC or sacks of Pig
Dung, you still have a GBP tax issue ...
> So my idea is to voluntarily pre empt legislation by giving donations
> to govt (aka taxation) for bitcoin service providers.
You want to volunteer to pay tax ? I'd suggest stronger medication ...
> However, there is something of a problem with voluntary donations.
> Most people are not satisfied with the way they are spent.
80% of 'donations' end up spent on 'adminsitration' and not what they
were donated for, this is a 'greed' issue not a 'currency' issue.
> In the UK
> a recent survey said that only 18% of people thought that tax money
> was wisely spent.
Tax isn't voluntary or a donation. The 18% who think UK tax is well
spent are the 18% of the population who get the tax money, not the 82%
that pay it ;)
> Can we fix it?
First we kill all the politicians ...
> So let's say I run a business and I make 1 million euros. I wish to
> donate 10% of my profits to society. But let's say I dont want that
> money to go to wars of aggression, but rather, to the fire
> de[department.
So give it to the FD - what you do with your post-tax profits are up to
you ;)
> At this point everyone wins. The business person is happy to make a
> contribution. The govt. is happy that it gets more revenue. The
> fire dept. is happy that it has revenue to do its work. And
> everything has gone to the right place in a kind of democratic way.
Where does gov't come into this ? I think you're confusing 'tax' which
you have zero control over and 'donations' which you already have 100%
control over.
Rob
rob.golding at astutium.com [ARCHIVE] /
npub194…dg5sj
2023-06-07 15:07:02
in reply to nevent1q…vv68
Author Public Key
npub194895ztyva4d8f3afcw3tcpz6fm8uwl5w0zw2xq6qy7qcllnus4sjdg5sjPublished at
2023-06-07 15:07:02Event JSON
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"content": "📅 Original date posted:2013-09-28\n📝 Original message:\u003e But the regulatory environment in many geographical regions in\n\u003e uncertain. Do we need to pay capital gains? Do we need to pay a\n\u003e sales taxs etc. etc.\n\nIn most regions it's not only 'simple' but trivial - BTC is just \n'another currency' and accounted for exactly the same way - it doens't \nmatter if you sell your hose for GBP, USD, EUR, BTC or sacks of Pig \nDung, you still have a GBP tax issue ...\n\n\u003e So my idea is to voluntarily pre empt legislation by giving donations\n\u003e to govt (aka taxation) for bitcoin service providers. \n\nYou want to volunteer to pay tax ? I'd suggest stronger medication ...\n\n\u003e However, there is something of a problem with voluntary donations. \n\u003e Most people are not satisfied with the way they are spent.\n\n80% of 'donations' end up spent on 'adminsitration' and not what they \nwere donated for, this is a 'greed' issue not a 'currency' issue.\n\n\u003e In the UK\n\u003e a recent survey said that only 18% of people thought that tax money\n\u003e was wisely spent.\n\nTax isn't voluntary or a donation. The 18% who think UK tax is well \nspent are the 18% of the population who get the tax money, not the 82% \nthat pay it ;)\n\n\u003e Can we fix it?\n\nFirst we kill all the politicians ...\n\n\u003e So let's say I run a business and I make 1 million euros. I wish to\n\u003e donate 10% of my profits to society. But let's say I dont want that\n\u003e money to go to wars of aggression, but rather, to the fire\n\u003e de[department. \n\nSo give it to the FD - what you do with your post-tax profits are up to \nyou ;)\n\n\u003e At this point everyone wins. The business person is happy to make a\n\u003e contribution. The govt. is happy that it gets more revenue. The\n\u003e fire dept. is happy that it has revenue to do its work. And\n\u003e everything has gone to the right place in a kind of democratic way.\n\nWhere does gov't come into this ? I think you're confusing 'tax' which \nyou have zero control over and 'donations' which you already have 100% \ncontrol over.\n\nRob",
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