Related: IRS requires brokers to report certain sales of digital assets beginning in 2025. https://www.irs.gov/newsroom/treasury-irs-issue-final-regula...
How to they catch people who don't report their crypto capital gains in 2024?
Crypto tax evasion is 'pervasive'
61–70 of 80 posts
Re: Crypto tax evasion is 'pervasive'
#62Earlier quoted context omitted.
>How does this work in Manhattan? How about for a single apartment complex? It doesn’t scale. Waste treatment system similar to many public systems. Charge by drain units, sewage pipe size, or maybe metered. Point is sewage treatment plant can be funded on individual apartment basis. > works if you’re in a low density area benefiting from the taxes pulled from high density areas. My area is far poorer than Manhattan…
> Waste treatment system similar to many public systems. So we agree it doesn’t scale. You can’t have 1,000 people each digging their own septic system around an apartment complex. What you’re proposing is adding cost and complexity to sewage in order to ensure you only pay for your shit. > Also rural septic systems are almost never publicly funded. Indeed, but literally all of the infrastructure up and down the supp…
>So we agree it doesn’t scale. You can’t have 1,000 people each digging their own septic system around an apartment complex. What you’re proposing is adding cost and complexity to sewage in order to ensure you only pay for your shit.
The asinine approach of using a rural septic system on a Manhattan apartment doesn't scale. Metering water consumed in most cases is pretty good at finding sewage use, and water metering exists in most apartments or at least every one I've lived in.
>...complexity...
On the contrary, your system is a complicated one that instead of metered sewage or water one has an army of tax collectors who meter our earnings & property & spending, who in practice toss people in a cage when they don't pay up rather than just stop the service.
>Indeed, but literally all of the infrastructure up and down the supply chain that makes a $5k septic system available to you is.
Sure but under my proposal everyone pays for services consumed, if you think rural people are stealing your infrastructure taxes to build septic systems by all means that's an argument to 'tax' at point of consumption, since we're cheating you apparently. (Now we know you really are against paying taxes for others poop!)
>Ah, so you’d rather the poor pay interest on the ability to shit? Surreal.
Well in practice they pay interest either way, privately or via inflation and public debt gov uses to expand their scope.
>Yes, and I don’t think those people ought to be unable to shit in dignity. The libertarian dream is a nightmare
Mentally ill and the poor shit in public largely because housing is unaffordable and it isn't convenient to have to hike a long way to take a shit. If you have democratic assent and are so sure people are eager to fund the shitting of the homeless, by all means go out and open a public shittery next to them, sounds like you'll get the support.
Re: Crypto tax evasion is 'pervasive'
#63Good
Re: Crypto tax evasion is 'pervasive'
#64Isn't tax evasion one of the major use cases for crypto?
I genuinely can't think of use cases other than tax evasion, and 'discrete' purchases.
Re: Crypto tax evasion is 'pervasive'
#65Earlier quoted context omitted.
> Waste treatment system similar to many public systems. So we agree it doesn’t scale. You can’t have 1,000 people each digging their own septic system around an apartment complex. What you’re proposing is adding cost and complexity to sewage in order to ensure you only pay for your shit. > Also rural septic systems are almost never publicly funded. Indeed, but literally all of the infrastructure up and down the supp…
>So we agree it doesn’t scale. You can’t have 1,000 people each digging their own septic system around an apartment complex. What you’re proposing is adding cost and complexity to sewage in order to ensure you only pay for your shit. The asinine approach of using a rural septic system on a Manhattan apartment doesn't scale. Metering water consumed in most cases is pretty good at finding sewage use, and water metering…
> Metering water consumed in most cases is pretty good at finding sewage use, and water metering exists in most apartments or at least every one I've lived in.
And this is how it already works in “most places”. Where it isn’t currently doing that you propose installing meters that aren’t already there, or determining pipe size to every user to determine the proper amount to charge for their shit. How is this not adding complexity?
> your system is a complicated one
Yes, the tax code is complicated for some small cohort of people, and that should be fixed.
> Sure but under my proposal everyone pays for services consumed, if you think rural people are stealing your infrastructure taxes to build septic systems by all means that's an argument to 'tax' at point of consumption, since we're cheating you apparently.
Sure, just as soon as you pay for all of the infrastructure between your community and the septic system. I wonder how many million or billions of dollars that would add up to.
> Well in practice they pay interest either way, privately or via inflation and public debt gov uses to expand their scope.
In practice they’re spending that money on something else. This isn’t about savvy savers losing a few percent to inflation. This is about people mortgaging a way to take a shit because they need to hook up their apartment to some company’s system.
> Mentally ill and the poor shit in public largely because housing is unaffordable and it isn't convenient to have to hike a long way to take a shit.
Huh, no restrooms available in the city? Oh wait, you have to be a customer to use a lot of those restrooms… so you have to pay to shit. Crazy how that isn’t working. It’s not libertarianism that’s wrong, it’s the damn poor and mentally ill.
Re: Crypto tax evasion is 'pervasive'
#66Isn't that by design? Many/most crypto schemes are designed to democratize access to money and thus they disintermediate traditional players (banks, central banks, etc.). Of course governments and tax authorities are one such traditional player, so they will be disintermediated. The government calls it "tax evasion", while the crypto world calls it a feature.
> Of course governments and tax authorities are one such traditional player, so they will be disintermediated. The government calls it "tax evasion", while the crypto world calls it a feature. Where do these people think tax revenue goes? Into a big black hole? The money goes to pay for the justice system (which protects property rights, prevents people from killing each other), build and maintain infrastructure of a…
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Re: Crypto tax evasion is 'pervasive'
#67Isn't that by design? Many/most crypto schemes are designed to democratize access to money and thus they disintermediate traditional players (banks, central banks, etc.). Of course governments and tax authorities are one such traditional player, so they will be disintermediated. The government calls it "tax evasion", while the crypto world calls it a feature.
> Of course governments and tax authorities are one such traditional player, so they will be disintermediated. The government calls it "tax evasion", while the crypto world calls it a feature.
There's an old quote along the lines of "One often meets his destiny on the road he takes to avoid it". First said, probably, by Jean de La Fontaine in the 17th century, but probably more widely known from its use by Master Oogway in "Kung Fu Panda".
It is not hard to think of ways that governments could stop much crypto tax evasion, at the cost of a general lowering of financial privacy. The crypto world might think that people would not put up with that, but most people already willingly give up much financial privacy for the convenience of credit and debit cards.
For most people its not all that big a leap from the amount of privacy they have given up to their bank for a credit card and the amount of privacy they'd have to give up to allow tax evaders to be stopped, and if their taxes are higher because of too much crypto tax evasion they will have no problem making that leap.
Re: Crypto tax evasion is 'pervasive'
#68Isn't tax evasion one of the major use cases for crypto?
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Re: Crypto tax evasion is 'pervasive'
#69Works where archive.ph is blocked:
https://cc.bingj.com/cache.aspx?d=3704096032869&w=SxACgOAl0H...
FT calls crypto "hopium".
Re: Crypto tax evasion is 'pervasive'
#70Earlier quoted context omitted.
>So we agree it doesn’t scale. You can’t have 1,000 people each digging their own septic system around an apartment complex. What you’re proposing is adding cost and complexity to sewage in order to ensure you only pay for your shit. The asinine approach of using a rural septic system on a Manhattan apartment doesn't scale. Metering water consumed in most cases is pretty good at finding sewage use, and water metering…
> Metering water consumed in most cases is pretty good at finding sewage use, and water metering exists in most apartments or at least every one I've lived in. And this is how it already works in “most places”. Where it isn’t currently doing that you propose installing meters that aren’t already there, or determining pipe size to every user to determine the proper amount to charge for their shit. How is this not addi…
>And this is how it already works in “most places”. Where it isn’t currently doing that you propose installing meters that aren’t already there, or determining pipe size to every user to determine the proper amount to charge for their shit. How is this not adding complexity
? Sewage systems are built under permit virtually everywhere and the pipe size or drain units is documented. I live in about the least regulated place in the Continental US and even here my drain units are public record. Of course if everything is private connections could be added without permit since that burden falls privately.
Of course if water is unmetered and public I think the average person even worse, with tragedy of the commons and the rich or corps consuming water in mass then taxing the poor to fund it.
>Sure, just as soon as you pay for all of the infrastructure between your community and the septic system. I wonder how many million or billions of dollars that would add up to.
This doesn't make sense. You tax this in pieces, you can 'tax' at consumption in pieces without each consumer building their own billion dollars in infrastructure. If your local companies are selling PVC pipes and Portland cement to country folk, why aren't you charging them for that infrastructure instead of complaining about maybe poorer people are getting a slight discount on poop system materials at your cost (which you seem to think is good anyway, personally im noy sure how much im robbing you when i privately buy portland and pvc, but corporations siphoning tax money via subsidies etc can be a problem).
>In practice they’re spending that money on something else. This isn’t about savvy savers losing a few percent to inflation. This is about people mortgaging a way to take a shit because they need to hook up their apartment to some company’s system.
... Apartment owners mortgage the cost of their sewage pipe yes, as well as the toilet they sit on. If renting landlord pays for the pipes you rent and indirectly also pay for. This is the case whether you connect to a public or private system, taxes or not. You are not mortgaging the cost of the treatment system unless you own it.
>Huh, no restrooms available in the city? Oh wait, you have to be a customer to use a lot of those restrooms… so you have to pay to shit. Crazy how that isn’t working. It’s not libertarianism that’s wrong, it’s the damn poor and mentally ill.
If you want shitters for the homeless why don't you buy them some? Or if it's so wildly popular a cause why not solicit donations? Taxes haven't been very successful at solving the problem and you have it all figured out so you should spearhead it. How much are you committing today for shitters for the homeless?