The big difference is that you can plan what government is going to take from you, and when - so you can base your actions on it.
Doesn't work with street robbers ;-)
RE: "If Taxation Without Consent Is NOT Robbery ..."
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"If Taxation Without Consent Is NOT Robbery ..."
Yes, predictable robbery.
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Avoidable even
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I don't know about your country, but in mine the tax code is over three thousand pages of fine print. It is deliberately so. You cannot compete with those who can afford the tax lawyers and accountants. Deliberately so.
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Governments suck, no doubt ;-) But nevertheless, I know when I cash out my BTC they will take 45% of it. Right now I avoid it by not cashing out. Still looking for a long-term solution :D
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Well, the good thing is ... "you can plan what government is going to take from you, and when - so you can base your actions on it.".
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How does government know about your BTC?
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You have to report them the moment you get them. Or you'll need to find a good explanation where they're from when you cash them in later. As soon as local currency is involved they know for sure.
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In Germany, you report Bitcoin.
In Soviet Merika, Bitcoin reports you.
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