Oddbean new post about login | logout Roger Ver is a case study in why you shouldn't get cute and try to fuck the government behind its back. You should fuck the government directly in its face, by the book. This is why I give away a lot of bitcoin during bull markets to registered charities. I pay for appraisals, fill out a bunch of bullshit paperwork, and explain to the IRS why they won't be benefitting from my gains.
don't let the IRS win but also don't get rekt. this takes time and resources https://m.primal.net/ICWm.png
This is the karma you get when you attack Bitcoin
wrong, you should not obey or play by their rules Roger Ver is being targeted. they would have gotten something else on him regardless there are millions of people not paying taxes out there and they are fine
Making it more difficult to find "something else" helps. Even in Russia, definitely in the US. Also there are few things governments are good at, collecting taxes is one of those things. A few hundred thousand dollars worth of effort probably gets them a nice 8 figure settlement. Sure they could nail him on jaywalking, but that's not the same ROI.
Do you think using a donor directed fund would be easier?
I've done that though Fidelity and still had to go through the same process regarding appraisals and tax paperwork. Now I have additional headache of having to direct the fund to cut checks on an annual basis.
Jameson Loop doesn't owe the IRS. JAMESON LOPP does. That 2nd rabbit hole down will set you free.
