Government tax regulations is forcing to sell before the ne…
Government tax regulations is forcing to sell before the next finicial year. I am from Australia looking at massive taxation on capital gain and tax implications buying from any bucketshop. Europe practically banned tether. CSW mining or stop mining BCH is pure speculation. The same as the rolling icebergs. Any bitcoin is not private anymore is the issue unless you get virgin ones. Or purchase by cash. Just too use an application I need to submit a tax form A. Work out the echange rate in aud and the price i dispossed of in the application. In my opinion it is not worth the time and money. I would be better of using a physical money or asset. At the moment i can withdraw cash and exchange it for a can of beans without having a tax burden. The solution to the problem is physical that has value created without consent of the government that can be transferred digitally and verified as original. We used to have local Bitcoin, but it was risky to exchange fiat for it, as it was like doing a drug deal. This is my thoughts, I sold all my BSV at capital loss because of government regulation. So my tax statement in 6 days will show a loss. The government only want to steal my profits. I would like to purchase all me BSV privately unfortunately something has to shift.
Replies
Sorry mate. What right does another man have to your wealth?
Ever heard that taxes are voluntary?
When you lodge your tax return, even if prepared by an accountant, what do you declare? Look closely.
What is a key metric for tax owed? Income? What is the genuine definition? Note, a circular definition is not a definition (for if you look in the ATO and its not properly ratified statute) you will only find circular definitions - i.e. the definition of income contains the word income! WTF?
liplife.org is a fabulous Australian resource for this matter. get a foundational membership. Get Michael Rolf's tax package.
In a nutshell, income is at best defined as a gain. A gain is something over and above the value you put into whatever it is. I.e. you go to work and get a salary. The employer claims your entire salary is your income. Bullshit because what was the cost of the time and ingenuity you contributed? Only you can value this. I bet your time is actually worth much more than any salary you received. Particularly given you are paid in fraudulent fiat corporate script (Australian Dollars reliably convert to nothing).
Up to you now to get across this aspect.
Now look at BSV. Find out what is pseudonymous? Why is BSV the only one that is in practice pseudonymous (provided you use it as it was designed to be used)? Micropayments enable a new address to be generated for every transaction. You won't find any of this within any fake crypto merchant operating in web2.
The upshot is, use BSV correctly, and no government will be hunting you down for any tax.
Get your BSV off of web3 exchanges and into genuine BSV wallet infrastructure that use / can use new addresses for every transaction, like metanet, ElectrumSV, all sitting under the same private key.
sad reality is that the fakers, there is a frick'n very nasty group who pride themselves on lying about everything, who have moved in, very long standing plan, converted us all into "juridical persona's" via the birth certificate system and all the "government applications". Apply = beg.
Setup a trap.
Think Cosco membership, just on a grand scale.
Interact with anything "Australian Government", you are in Costco.
If it has an ACN, you are still in "Australian Government Costco".
Do you have to abide by Costo's rules and policies if you are a member of Costco and go into a Costco store? YES!
Same applies to "Australian Government Costco".
Which State are you in? Guess what? All their departments today have "Australian Government Costco" registrations - they are a part of "Australian Government Costco" too. Further proof? They use "Australian Dollars", yet the State constitutions have not been repealed and the genuine States are supposed to be transacting in gold and silver. Same as what we hear out of United States.
By the way, "Australian Government Costco" is itself registered with the Securities Exchange Commission (US). "Australian Government Costco" is merely a store working under "UNITED STATES OF AMERICA" corporation, the "US Costco"... Same goes for Iran, Ukraine, Russia, China ...
The fakers (called the big club that we aint in), the incredibly evil ones who lie about everything, own and operate the big store and everything within it. The banks, the news, the tax offices, the police (corporate policy enforcement department), on and on it goes.
This is why the world needs genuine bitcoin - @SirToshi - make sure you follow and research all content made by SirToshi!
When BSV rises like the phoenix and bcash / btc is in flames the road to victory will be finally clear for people to see difference between scam trash and truth/freedom!