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.
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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.