They will not be able to lower their tax bills 1 cent. You can only take that stuff up to the level of the profit you made. You can't take a loss on your bitcoin mining operation and apply that to your normal taxes. Well, maybe for a short while, but then the IRS will call it a hobby and you will be out of luck.
Humans are not going into deep space. Even then a computer will still be a much better pilot. Moving the few light seconds up into orbit is not going to help that problem much.
Humans cause most of those things that go wrong. Look at flight crash statistics for proof of that. Better yet take the humans out of the space craft all together.
People do pay it all the time. In my state it is very common to let the tax agency estimate it for you since you probably lack records. Pretty much everyone does that way in my state.
They only count as real money when you trade them for real money. Bitcoins are still not money, just an item you can sell like any other thing. If you make a profit selling them, like any other thing, you owe taxes.
Yes, of course. You are required to pay taxes on that income.
That is how they caught Al Capone after all. I imagine lots of small time folks can get away with it, but they should be paying their taxes like everyone else.
including Bitcoin mining and virtual transactions that result in real-world profit
Only if you make real money do you have to pay. If you only spend your gold on your level 56 my little pony mount and underpants for your elfen paladin you are ok.
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Sure.
But if you just hold the bitcoins and do nothing with them you do not. Only when you trade them for something of known value do you incur taxes.
Just like I don't have any tax burdon just from having $100 in my wallet.
1. Stupid idea. Adds unneeded cost just for PR and space nutters.
2. seems to be working fine in deep space
Thanks for the good answer.
I had not considered the team stuff at all.
I still think we should look to getting rid of astronauts, but at least that makes sense.
BS, look at flight crashes. Hell look at that t-38 crash in your link.
Humans period make tons of mistakes. Their are entire categories they are so common, like "controlled flight into terrain."
Checkout how many of those are caused by human error.
Citation please.
Voyager seems to be doing fine without humans.
How is mining gold dealt with?
Do you have to pay as you mine it or only when you sell it?
Why?
There is no need for that. The shuttle should have been automated like buran. Dragon does not need a pilot.
They will not be able to lower their tax bills 1 cent.
You can only take that stuff up to the level of the profit you made. You can't take a loss on your bitcoin mining operation and apply that to your normal taxes. Well, maybe for a short while, but then the IRS will call it a hobby and you will be out of luck.
Oh wow, top 5% of a highschool class. That seems like a pretty low mark unless it is a hell of a high school.
Then why does everyone talk about going to MIT and not the Air Force Academy?
Why?
What decisions will they be making?
What experiment to run next?
Everything is done with checklists, and it is not like there is any need for a pilot.
My bet is they select these folks for PR reasons or other political BS.
Humans are not going into deep space. Even then a computer will still be a much better pilot. Moving the few light seconds up into orbit is not going to help that problem much.
Paying taxes will not increase his odds of getting caught. The IRS cannot rat you out.
They are just as screwed as they are now.
Humans cause most of those things that go wrong. Look at flight crash statistics for proof of that. Better yet take the humans out of the space craft all together.
Dragon, I would guess.
People do pay it all the time. In my state it is very common to let the tax agency estimate it for you since you probably lack records. Pretty much everyone does that way in my state.
I would think it would be easier to train PhDs to be astronauts than Military folks to be PhDs.
I get it that NASA started out testing planes, but there is nothing for the astronaut to fly anymore. Even the shuttle should have been automated.
Take a deep breath.
They only count as real money when you trade them for real money. Bitcoins are still not money, just an item you can sell like any other thing. If you make a profit selling them, like any other thing, you owe taxes.
Was that simple enough for you?
Yes, of course.
You are required to pay taxes on that income.
That is how they caught Al Capone after all. I imagine lots of small time folks can get away with it, but they should be paying their taxes like everyone else.
including Bitcoin mining and virtual transactions that result in real-world profit
Only if you make real money do you have to pay. If you only spend your gold on your level 56 my little pony mount and underpants for your elfen paladin you are ok.
That is just for screwing actors and writers. They still pay the IRS their cut.
Why would he not be paying taxes?
You have to report that income, and if it is of any real amount you should or you might get caught.
When your purchases don't line up they sure can see it.
How about instead of being a leech you pay your taxes?
He is right for one very important metric, cost!
Otherwise I say boo hiss go away shill.
You must be a lot of fun at parties.
It is a joke because it is absurd. The funny part is that this explanation cannot possibly be correct.