The New "What did you do with your Z today" (with off topic replies) XXVIII

JARblue · 12-23-2017, 07:54 AM

Quote:

Originally Posted by Rusty

Gov't is looking to get their taxes off of it. As it is capitol gains. They look at it the same as stocks and bonds. You make a profit, they want a piece of it.

Good luck to them. Unless the bitcoin community wants to pay the taxes it ain't gonna happen. The government can take it from companies accepting bitcoins, but they'll never get capital gains taxes from individuals that don't want to pay it.

I've seen brick and mortar bitcoin stores that will pay you cash for bitcoins or vice versa. No identification exchanged, so I'm not sure how anyone would find out you made a bunch of cash from selling them.

JARblue · 12-23-2017, 07:57 AM

Wow ... check out the transaction history. I was mining a whole bitcoin in like two weeks back then

Rusty · 12-23-2017, 08:02 AM

Quote:

Originally Posted by JARblue

We've been cleaning for weeks now it seems. Mostly just little stuff left, but there are a couple of big tasks that need to get done but I don't have the ambition. One is to finish trimming out the new wine niche we put in under the stairs and the other is installing new wall mount for the TV and new wall mount speakers including rerouting the in-wall speaker wire. Not really interested in doing either of those.

We took that cruise. That was 10 days spent there. We didn't put up much Christmas stuff because of that. My Z is still up on jack stands. Have to install the OS Giken diff, the diff cooler, the SPL rear upper control bushings, SPL sub-frame bushings, Z1 brake bracket, hood vents. After all that. Alignment and state inspection. Plus finish the basement remodeling job I started last winter.

JARblue · 12-23-2017, 08:03 AM

Quote:

Originally Posted by Rusty

We took that cruise. That was 10 days spent there. We didn't put up much Christmas stuff because of that. My Z is still up on jack stands. Have to install the OS Giken diff, the diff cooler, the SPL rear upper control bushings, SPL sub-frame bushings, Z1 brake bracket, hood vents. After all that. Alignment and state inspection. Plus finish the basement remodeling job I started last winter.

Good luck finishing all that by Monday

Rusty · 12-23-2017, 08:12 AM

Quote:

Originally Posted by JARblue

Good luck to them. Unless the bitcoin community wants to pay the taxes it ain't gonna happen. The government can take it from companies accepting bitcoins, but they'll never get capital gains taxes from individuals that don't want to pay it.

I've seen brick and mortar bitcoin stores that will pay you cash for bitcoins or vice versa. No identification exchanged, so I'm not sure how anyone would find out you made a bunch of cash from selling them.

From what I read. The gov't just has to follow the transactions. They will have no problem with that. All the gov't's is holding back and wanting to see how this will play out before dropping the hammer. The Chinese have done some things already. They all want their pound of flesh. If they can't get it. They will close it down.

No matter what we think. The gov't WILL have the last word in this.

Rusty · 12-23-2017, 08:13 AM

Quote:

Originally Posted by JARblue

Good luck finishing all that by Monday

In my wildest dreams.

Zoren 370 · 12-23-2017, 08:43 AM

Rusty was just browsing your build thread and SPL set up.

Dude your Z would not need any Viagra with those solid suspension bushing!

BoneZ · 12-23-2017, 09:20 AM

Time to send out a few RepZ.

JARblue · 12-23-2017, 09:22 AM

Quote:

Originally Posted by Rusty

From what I read. The gov't just has to follow the transactions. They will have no problem with that.

They can follow the transactions all they want. What they have to do is associate the transaction with an individual. Right now I'm sure it would be easy for the government to do so because bitcoin users know they aren't doing so just yet. Once they do start trying to tax bitcoins, the transactions will start going through different channels to avoid government oversight. Eventually it may have to go underground completely, but it is likely the bitcoin economy online is sufficient enough to survive in an isolated environment; there's a lot of stuff you can purchase anonymously with bitcoins. Or they'll just use currencies outside the US government's jurisdiction. It's not hard to convert foreign currency to US cash without the government's knowledge of who the money belongs to.

BoneZ · 12-23-2017, 09:22 AM

Quote:

Originally Posted by Zoren 370

Rusty was just browsing your build thread and SPL set up.

Dude your Z would not need any Viagra with those solid suspension bushing!

Where does one view this?

JARblue · 12-23-2017, 09:24 AM

It'll be interesting to see what happens. If the government has trouble taxing individuals, I'm wondering if they'll go after legit US companies that accept bitcoins. This current administration probably wouldn't do that, but who knows.

JARblue · 12-23-2017, 09:24 AM

Quote:

Originally Posted by BoneZ

Where does one view this?

Rusty's Nismo Journal

onzedge · 12-23-2017, 10:19 AM

Happy December 23!!!!!

onzedge · 12-23-2017, 01:01 PM

:xmas:

Rusty · 12-23-2017, 05:43 PM

My TrackSpec hood vents came in today.

And all of my Christmas shopping is done.

12-23-2017, 08:43 AM	#1597 (permalink)
Zoren 370 A True Z Fanatic Join Date: Mar 2012 Location: FL Posts: 11,018 Drives: 11 Nissan 370 M6 Rep Power: 1913653	Rusty was just browsing your build thread and SPL set up. Dude your Z would not need any Viagra with those solid suspension bushing! Rusty likes this.

12-23-2017, 09:20 AM	#1598 (permalink)
BoneZ A True Z Fanatic Join Date: May 2015 Location: Atlanta, GA Age: 52 Posts: 9,295 Drives: 2012 Silver Thang Rep Power: 2684381	Time to send out a few RepZ. Rusty likes this. __________________ *“Happiness is having a large, loving, caring, close-knit family in another city.”*-George Burns

12-23-2017, 09:24 AM	#1601 (permalink)
JARblue A True Z Fanatic Join Date: Mar 2011 Location: Austin, TX Age: 43 Posts: 36,449 Drives: 11 Z34, 98 E36 M3 Rep Power: 2684440	It'll be interesting to see what happens. If the government has trouble taxing individuals, I'm wondering if they'll go after legit US companies that accept bitcoins. This current administration probably wouldn't do that, but who knows. Rusty likes this. __________________ 2011 370Z 6MT Sport Gun Metallic \| ARC \| CJM \| Ecutek \| FI \| Fujimura \| R2C \| SPL \| Stillen \| TWM \| Z1 \| ZSpeed \|

12-23-2017, 10:19 AM	#1603 (permalink)
onzedge A True Z Fanatic Join Date: Apr 2010 Location: Battle Lake MN Age: 63 Posts: 183,964 Drives: 370Z 240Z Rep Power: 2684736	*Happy December 23!!!!!* Rusty likes this. __________________ Koni\|Swift\|Michelin\|Motordyne\|Berk\|RJM Performance\|Gates\|SPL\|Motul\|Technafit\|Ate Super Blue\|Hawk Tommy Kaira\|Momo\|Optima\|Hella\|Hotchkis\|Red Line\|ZSpeed\|Stillen\|B&M\|H&R

12-23-2017, 01:01 PM	#1604 (permalink)
onzedge A True Z Fanatic Join Date: Apr 2010 Location: Battle Lake MN Age: 63 Posts: 183,964 Drives: 370Z 240Z Rep Power: 2684736	:xmas: Rusty likes this. __________________ Koni\|Swift\|Michelin\|Motordyne\|Berk\|RJM Performance\|Gates\|SPL\|Motul\|Technafit\|Ate Super Blue\|Hawk Tommy Kaira\|Momo\|Optima\|Hella\|Hotchkis\|Red Line\|ZSpeed\|Stillen\|B&M\|H&R

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
The New "What did you do with your Z today" (with off topic replies) XXVII	JARblue	The Lounge (Off Topic)	9999	11-26-2017 07:08 AM
The New "What did you do with your Z today" (with off topic replies) XXIV	JARblue	The Lounge (Off Topic)	10059	08-17-2016 12:08 PM
The New "What did you do with your Z today" (with off topic replies) XXIII	eastwest2300	The Lounge (Off Topic)	10001	06-23-2016 09:21 AM
The New "What did you do with your Z today" (with off topic replies) XXII	eastwest2300	The Lounge (Off Topic)	10001	04-05-2016 08:15 PM
The New "What did you do with your Z today" (with off topic replies) XVIII	eastwest2300	The Lounge (Off Topic)	10000	07-09-2015 07:48 PM