Are you going to pay taxes? - page 3.

LordTricky

jr. member

Activity: 98

Merit: 2

Quote from: btcballer007 on March 14, 2018, 07:40:19 AM

Govt shills up the ass in here. I've never seen this many people so pro-govt/pro-tax on any forum, news site, article comments, etc.

I get it, pay tax or you screwed, but come on, the govt is over 20 trillion in debt and an absolute joke.

I wonder where some of these IP's are coming from? DC?

Finally a real human commentator...

Thank you for being real... Cheesy

banghabiy

newbie

Activity: 26

Merit: 0

as long as there is no official regulation on the payment of bitcoin taxes, I will take advantage of this situation as best I can, because in my country bitcoin has not been accepted as a valid payment instrument.

countryfree

legendary

Activity: 3066

Merit: 1047

Your country may be your worst enemy

I will never pay any tax on my BTC profits. But then, I don't pay income tax either...
You just need to be organized.

btcballer007

newbie

Activity: 3

Merit: 0

Govt shills up the ass in here. I've never seen this many people so pro-govt/pro-tax on any forum, news site, article comments, etc.

I get it, pay tax or you screwed, but come on, the govt is over 20 trillion in debt and an absolute joke.

I wonder where some of these IP's are coming from? DC?

BitcoinPaw

sr. member

Activity: 588

Merit: 250

I'm paying taxes because i can do this. Also i like my country and ready to make pleasure for them and pay for water, electricity , gas and other stuff.

Btcalimie

newbie

Activity: 209

Merit: 0

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.

If it could be legalize the i don't have time to oppose governments will. Tax is also beneficial for us since it is also for the countries improvement.

btcballer007

newbie

Activity: 3

Merit: 0

I've yet to see anyone mention a situation like mine. I did a fair amount of trading last year and my gains with alts were a little over $200k.

My short-term tax owed from the gains is about $60k.

I originally planned on cashing out some of my crypto to pay taxes. Unfortunately due to my losses during this bear market, I don't even have enough to cover the taxes on last year's gains even if I cash out everything! I never cashed anything out in 2017.

Yes, I come across as an inexperienced trader with no knowledge of the US tax laws, but his is some straight BS! How is it fair after all my hard work, I have to hand it all over just because the crypto market peaked 12/31/17 and then crashed right after???

accuracygranulated7

newbie

Activity: 42

Merit: 0

I think its better to pay taxes on your btc profits as then there will be atlesast some documents that you had some transactions

LordTricky

jr. member

Activity: 98

Merit: 2

^^^^ Fake sock puppet accounts, NOBODY advocates paying tax!!!!

1BTC EQUALS 1CAR

full member

Activity: 602

Merit: 100

People who paid their taxes form their earnings from bitcoin would hate me for sure if I don't so I would. But if the government would charge ridiculous taxes, I would just leave my coins in my wallet and never withdraw.

pantheraio

member

Activity: 168

Merit: 12

Yes, if this is a Law, i will follow the government law,, even if they high,, the more your income the more your tax, the lesser your income the lesser your tax simple. And also to clear our mind for legally the bitcoin in our country.

LordTricky

jr. member

Activity: 98

Merit: 2

Quote from: faultunfmuzzled8 on March 11, 2018, 07:56:08 PM

Its better to enforce laws on these currencies so that black markets start decreasing from the bitcoin economy

You might want to learn what bitcoin is and why it was created...

Also laws = gravity, motion and thermodynamics, you are referring to legislated bullshit, basically a terrorist sympathiser Tongue

faultunfmuzzled8

copper member

Activity: 168

Merit: 0

Its better to enforce laws on these currencies so that black markets start decreasing from the bitcoin economy

WorldBiz project

newbie

Activity: 84

Merit: 0

Taxes is the inevitable thing, someone should pay them to support the civilization

Evelyn Abramson

newbie

Activity: 34

Merit: 0

Some say that most of your tax dollars just goes to pay off the debt to the fed and such. To think that your taxes are actually funding the government might be a lie to some extent.

Gotumoot

sr. member

Activity: 1372

Merit: 261

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 taxes has a purpose it serve as a payment for our community itself to build a better society , and I think it depend on the case of the country if the bitcoin is or will have a taxes but still if the country been implemented bitcoin or legalizing bitcoin. Surely I pay taxes.

ununoctiumprecipitate3

newbie

Activity: 28

Merit: 0

i support that a small amount of tax canbe paid but should not exceed the affordable limit so that people get crushed under it

oannejoannes

newbie

Activity: 11

Merit: 0

I think about paying. Paying your taxes is considered a civic duty, although doing so is also a requirement of the law. If you do not pay your taxes, the government agency that oversees taxes — the Internal Revenue Service or IRS — will require you to pay your taxes or else face penalties, such as fines or going to jail.

Marty_Mcfly

newbie

Activity: 6

Merit: 2

The question is: how will you avoid payong taxes once the btc--> fiat exchanges are monitored...

catavokokiti

newbie

Activity: 4

Merit: 0

it is the civic duties of every individuals living in a particular geographical location
it is with this taxes that the government rebuild, renovate and implement necessary infrastructure development, security, stable education, job employment and youth empowerment.

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