techfeudalist on Nostr: My understanding is that it’s not a criminal offense to stop paying your taxes, but ...
My understanding is that it’s not a criminal offense to stop paying your taxes, but you DO have to file them honestly and accurately.
Generally all the IRS does is assess interest and penalties and will try to seize your financial assets and real estate. If you have everything in bitcoin, there’s nothing they can seize.
Eventually people will realize that when they have all their assets in cold storage, taxes become optional.
This sort of thing happened in Weimar Germany, according to the book “When Money Dies”. People just stopped paying their taxes because if they waited a while, the money would devalue and the tax bill became negligible.
Generally all the IRS does is assess interest and penalties and will try to seize your financial assets and real estate. If you have everything in bitcoin, there’s nothing they can seize.
Eventually people will realize that when they have all their assets in cold storage, taxes become optional.
This sort of thing happened in Weimar Germany, according to the book “When Money Dies”. People just stopped paying their taxes because if they waited a while, the money would devalue and the tax bill became negligible.