If I start spending Bitcoin as much as possible and do not pay taxes on it, how much risk do I put my family in?
I pay income tax, property tax, all other taxes including capital gains tax on other investments…but I want Bitcoin to be my money…the only problem is the US tax law.
Do I have any defense?
good question.
as I do the Opposite. I don't pay any taxes and avoid all of it.
Any defense against the government? I'd think not much. Ask Randy weaver.
No. I’m afraid Bitcoin can’t rescue or protect you on the white market. You’re at the mercy of your government and have to ask for permission whenever you’re operating on the white market and hope that they won’t impose draconian taxes, unrealized capital gains taxes upon you or straight 6102 you. Bitcoin doesn’t change that. You can change this only politically. Otherwise it would be too easy. But at least Bitcoin gives you the opportunity to operate without permission on black markets by doing p2p-transactions and by avoiding kyc. A permissionless money can never be permissionless on white markets.
