On Bitcoins, Tulips And IRS Tax Compliance
If you have been running a lot of bitcoin transactions in the last few years, you probably have a lot of unreported gains and losses. As it turns out the idea of using bitcoins to have all these anonymous transactions might not have been the smartest thing that ever entered into some villainous brain. The essence of the blockchain system means that there are many many identical copies of journals (I know they are called ledgers, but I think they are more like journals) that contain every single transaction with every single bitcoin ever. If a public key can be associated with you, then all the transactions done with that public key are identified as yours. There are things that mitigate this, such as the use of multiple public keys, but unlike cash which can go from hand to hand with no permanent record every bitcoin transaction is recorded – forever.
Becket Fund Helps Clergy Intervene In Parsonage Lawsuit
The latest in the case is a proposed intervention by clergymen and religious organizations represented by the Becket Fund For Religious Liberty. The argument is that they have more skin in the game than the IRS since an FFRF win would affect them. Quite grievously as they lay it out. The proposed intervenors are Bishop Edward Peecher and Chicago Embassy Church, Father Patrick Malone and Holy Cross Anglican Church and the Diocese of Chicago and Mid-America of the Russian Orthodox Church Outside of Russia. The Diocese has eight clergies who live in church-owned parsonages, who would be unaffected by this litigation, and thirteen who receive housing allowances.
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.