Are you going to pay taxes? - page 12.

Stegobit

jr. member

Activity: 154

Merit: 1

Quote from: hiru65 on January 04, 2018, 04:39:36 AM

if i have enough facilities from government. i will pay taxes. taxes are collected because of our infrastructure facilities. if we are satisfy by facilities. we should pay taxes.

Quote from: Guapongbadoy on January 04, 2018, 05:04:46 AM

Government helps to improve the needs of all nation. Without tax I don't think it will help the country to improve what is needed to be improve.

Quote from: podrick17 on January 04, 2018, 06:27:28 PM

tax might be burden some for us but i believe it is for the development of the country and for the welfare of the people.

I envy that you live in a country where you can the trust government won't steal your taxes and use them for country's improvement!
However, most likely, you just don't know about corruption.

Quote from: mr.nby on January 04, 2018, 10:40:02 AM

I guess no one likes to pay taxes. If you have to pay capital gains tax, there is no way out. Well, unless you want to end up in jail. Wink

Most obvious way out is to use cash and don't show up funds on bank account.
However, this is a temporarily solution. More rational is to spend some of your Bitcoins to fund political opposition and fight corrupt tyrannical govt!

podrick17

full member

Activity: 196

Merit: 100

If my government say so and there is a legal basis for imposing tax on profits i get from bitcoin of course i should pay, tax might be burden some for us but i believe it is for the development of the country and for the welfare of the people.

Beymax08

member

Activity: 130

Merit: 10

Quote from: Lynzoi on June 06, 2011, 06:02:22 PM

Are you going to pay taxes on your Bitcoin profits?

Suppose you make a million dollars. Suppose you have already made a million dollars. Are you going to hand half of that cash over to the government? Of course, this is assuming you convert your coins into federally recognized cash. If your only intention is to amass a huge supply of Bitcoins, the question does not apply to you.

You're supposed to pay income taxes. It seems rather easy to get away with not doing it, though... at least in this case.

Yes, i will pay taxes if it is a law in our country that there tax in bitcoin. No one will escape in the law and nothing we can do in paying taxes. But if it doesnt in the law why should i pay taxes.

locsta123

jr. member

Activity: 92

Merit: 1

No way

Potatohead

full member

Activity: 353

Merit: 100

Quote from: Lynzoi on June 06, 2011, 06:02:22 PM

Are you going to pay taxes on your Bitcoin profits?

Suppose you make a million dollars. Suppose you have already made a million dollars. Are you going to hand half of that cash over to the government? Of course, this is assuming you convert your coins into federally recognized cash. If your only intention is to amass a huge supply of Bitcoins, the question does not apply to you.

You're supposed to pay income taxes. It seems rather easy to get away with not doing it, though... at least in this case.

Well, as long as it is not mandated by the law, why should I pay. Taxes are good because it is used for social development, people's welfare and government projects. What I don't like about taxes is that some politicians are not using it well and they are even stealing taxes from people. It would be good to pay taxes if you know that it is well spent.

inlovewith

sr. member

Activity: 257

Merit: 252

NO.

I had no income. Sad

I need like a McDonald's job or something.

mr.nby

member

Activity: 307

Merit: 10

I guess no one likes to pay taxes. If you have to pay capital gains tax, there is no way out. Well, unless you want to end up in jail. Wink

Condoriano

member

Activity: 162

Merit: 10

Yes, I'll pay for the taxes. When you are paying for taxes it is only means that the cryptocurrencies are now being recognized, finally. Besides it will be used as a fund throughout the governments project. Lets just say that the taxes will fall on the right hand and will be use correctly. So, definitely i'll pay.

JesusCryptos

full member

Activity: 714

Merit: 117

Quote from: Timo Y on June 06, 2011, 06:06:38 PM

No I'm not.

Here in Switzerland there are no taxes on capital gains. Grin

Which is the procedure to take one's residence in Switzerland? Not joking, if one day one had to cash out a few million $ then it could become a good idea to move to Switzerland. After all, also Google, Amazon and the other corporations migrate where they don't have to pay taxes...

kodes88

hero member

Activity: 672

Merit: 500

No, to be honest I have never paid any taxes even from my work. So how can I pay a profit tax from my bitcoin? That sounds illogical is not it? I do not pay taxes because I do not know where to pay. And I do not know because I never want to know, I never find out.

Guapongbadoy

newbie

Activity: 124

Merit: 0

Government helps to improve the needs of all nation. Without tax I don't think it will help the country to improve what is needed to be improve.

hiru65

newbie

Activity: 298

Merit: 0

if i have enough facilities from government. i will pay taxes. taxes are collected because of our infrastructure facilities. if we are satisfy by facilities. we should pay taxes.

PG13

member

Activity: 322

Merit: 10

The government has right to collect the taxes for the citizens of there country.
Although a lot of millionaires were hiding there income to escape from paying taxes.
I myself if i have millions earn from cryptocurrencies i will pay what is due to the country.
I can lessen the taxes by donating some of my money to the charity institution or in the NGO.

acener

full member

Activity: 1274

Merit: 115

★Bitvest.io★ Play Plinko or Invest!

Quote from: Lynzoi on June 06, 2011, 06:02:22 PM

Are you going to pay taxes on your Bitcoin profits?

Suppose you make a million dollars. Suppose you have already made a million dollars. Are you going to hand half of that cash over to the government? Of course, this is assuming you convert your coins into federally recognized cash. If your only intention is to amass a huge supply of Bitcoins, the question does not apply to you.

You're supposed to pay income taxes. It seems rather easy to get away with not doing it, though... at least in this case.

I guess if the government requires it then, I won't really have a choice do I? If it's legally announced that all bitcoin holders must pay taxes for their bitcoins then it would be illegal to not comply to that. But, for now that it isn't like that, I wouldn't pay at all.

Stegobit

jr. member

Activity: 154

Merit: 1

Quote from: wtfonly16 on January 03, 2018, 11:25:13 PM

soooo move the fuck outa the country with the tax money you are not giving them Huh

Why namely I have to emigrate?! I think unelected bastards (govt members of my country) must emigrate to the graveyard and all their stolen property confiscated!

Quote from: Gabb on January 03, 2018, 11:47:12 PM

Honestly, I would not want to pay taxes, but it's getting harder and harder to avoid it right now, when bitcoin has become mainstream and the tax authorities around the world are studying how to tax on cryptos. And as the price increases and the income potential also, it is more complicated to move large amounts of money without going through the banking system, which is why I believe that sooner or later I will end up paying a lot of taxes, even against my will.

At first, don't use exchanges and bank transfers. They can report to the tax agency even after many years. Trade in person for cash. Localbitcoins is the best option.
At second, be politically active! Better donate some of your Bitcoins to the government's opposition than paying it directly to your enemy (govt) via taxes.

Gabb

full member

Activity: 392

Merit: 105

Honestly, I would not want to pay taxes, but it's getting harder and harder to avoid it right now, when bitcoin has become mainstream and the tax authorities around the world are studying how to tax on cryptos. And as the price increases and the income potential also, it is more complicated to move large amounts of money without going through the banking system, which is why I believe that sooner or later I will end up paying a lot of taxes, even against my will.

wtfonly16

full member

Activity: 285

Merit: 105

u have to pay 35% tax the moment you get the token into your hands....

u buy it at $1000? well guess what it really costed you $1350...
u mine it at $1000? well guess what it really costed you $350 + elektric... and even more when you sell it...

taxes on cryptos right now is a fucking scam

Sithara007

legendary

Activity: 3346

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

Quote from: Stegobit on January 02, 2018, 10:16:15 PM

Quote from: Sithara007 on January 02, 2018, 04:46:25 AM

Else, you may be arrested for tax evasion, sent to prison and all of your wealth may be confiscated.

Crypto assets cannot be confiscated if private key (wallet file) encrypted and stored safely in the cloud.

There will be no taxation as long as you are not converting your coins to cash. So there is no need to hide your coin holdings. But once you trade your coins to fiat, then you may be required to pay taxes, which can range from 13% to 60% of the total amount, depending on the jurisdiction and duration of holdings.

wtfonly16

full member

Activity: 285

Merit: 105

Quote from: Stegobit on January 03, 2018, 11:03:47 PM

Quote from: vkwame30 on January 03, 2018, 12:19:15 PM

Taxes are used by government to make infrastructure development and pay security forces so we can have peace of mind to do our work. So I will pay my tax. Besides, is morally binding for me to do so.

Infrastructure is heavily underfunded in most countries now, while govt employees live in mansions and drive Ferraris!
Security forces being used to repress people's freedoms and rob them even more (taxes). They are your enemies and never friends!

soooo move the fuck outa the country with the tax money you are not giving them Huh

Stegobit

jr. member

Activity: 154

Merit: 1

Quote from: vkwame30 on January 03, 2018, 12:19:15 PM

Taxes are used by government to make infrastructure development and pay security forces so we can have peace of mind to do our work. So I will pay my tax. Besides, is morally binding for me to do so.

Infrastructure is heavily underfunded in most countries now, while govt employees live in mansions and drive Ferraris!
Security forces being used to repress people's freedoms and rob them even more (taxes). They are your enemies and never friends!

Topic: Are you going to pay taxes? - page 12. (Read 18745 times)