Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
tax question for coin collections
>
Reply to Thread
Message:
<p>[QUOTE="900fine, post: 228006, member: 6036"]<i>smullen wrote:</i></p><p><i><br /></i></p><p><i>"How do they prove what you bought it for???</i></p><p><i><br /></i></p><p><i>They don't. They don't have to prove anything. The burden of proof is on YOU. Save all receipts. If you don't, they MIGHT assert the sales price is all profit !</i></p><p><br /></p><p><i>Before we start a bunch of screaming about "presumption of innocence", that applies only in criminal cases where they want to take your LIBERTY (i.e. lock you up). "Presumption of innocence" does NOT apply in civil cases, which are decided on preponderence of evidence, NOT "beyond a reasonable doubt" standard of evidence. Similar for tax court cases.</i></p><p><br /></p><p><i>BTW... a similar idea applies in The Great 1933 Double Eagle Debate. The government does not need to prove its case "beyond a reasonable doubt" - this is not a criminal case. It is a civil case, so the case will be decided by preponderence of evidence. IOW, both sides are treated as equals. </i></p><p><br /></p><p><i>In a criminal case, a significant bias assists the defendant.</i>[/QUOTE]</p><p><br /></p>
[QUOTE="900fine, post: 228006, member: 6036"][I]smullen wrote: "How do they prove what you bought it for??? [/I] [I]They don't. They don't have to prove anything. The burden of proof is on YOU. Save all receipts. If you don't, they MIGHT assert the sales price is all profit ![/I] [I] [/I] [I]Before we start a bunch of screaming about "presumption of innocence", that applies only in criminal cases where they want to take your LIBERTY (i.e. lock you up). "Presumption of innocence" does NOT apply in civil cases, which are decided on preponderence of evidence, NOT "beyond a reasonable doubt" standard of evidence. Similar for tax court cases.[/I] [I] [/I] [I]BTW... a similar idea applies in The Great 1933 Double Eagle Debate. The government does not need to prove its case "beyond a reasonable doubt" - this is not a criminal case. It is a civil case, so the case will be decided by preponderence of evidence. IOW, both sides are treated as equals. [/I] [I] [/I] [I]In a criminal case, a significant bias assists the defendant.[/I][/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
tax question for coin collections
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...