Are you going to pay taxes? - page 7.

XFlowZion

full member

Activity: 392

Merit: 100

Quote from: James Backer on March 04, 2018, 06:43:52 PM

I would not want to, but I'll have to Sad

Indeed. What can an individual do to prevent the powerful government to make it not happen? The answer is we can't and we all need to follow what they say but it should be fair or they'll be a revolution coming.

James Backer

newbie

Activity: 32

Merit: 0

I would not want to, but I'll have to Sad

Onepop

newbie

Activity: 24

Merit: 0

Quote from: meliodas on December 17, 2017, 08:30:57 AM

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.

Whether we like it or not, it that's the rule and if it's part of the law, I think that we can't do nothing but to follow it. Actually, we are paying taxes everyday, from our food, daily things that we use, we are spending too much for our taxes thought we might not notice is. That's how our government works, they will ask for taxes as soon as they find ways.

You are correct SInce birth we already paying taxes to the government even a small things that we buy their always have taxes.Can we also ask how govenment spend the money and where it goes....

jimmyvasquez27

newbie

Activity: 49

Merit: 0

Paying taxes is a duty of all citizens, except for those who are exempt from law.

KampungMonyet

newbie

Activity: 32

Merit: 0

every year I pay taxes for vehicles in my country.
because I am obedient to pay tax before jatoh tempo.

because I do not want in the old days later taxes live in a high country.

do not be late paying taxes. because die does not want any debt during his life.

BrittneyHarkins

newbie

Activity: 43

Merit: 0

Sure as much as I am anti-establishment i still harbor some belief in good coming from up down if we have the right people in place

LordTricky

jr. member

Activity: 98

Merit: 2

Quote from: IVNAY ALBIN FAHAD 150 on March 04, 2018, 07:36:17 AM

Yes, that is our obligation, for a better success of all project of our government we need to pay taxes.The sad part is that its your obligation to pay these taxes even though it doesn't go to where it should and put to good use. If you have a regular job then you basically have no choice since these taxes are automatically deducted from your salary.

Don't be an ignorant idiot, government only exist to make things happen with a 1% efficiency while 99% of your revenue goes direct to their pocket...

Taxation is voluntary, you just need to learn how to make others accept that fact, I will NEVER pay tax to terrorists masquerading as guberment, you shouldn't either but if you want to be a terrorist sympathiser, hey that's your choice right?...

IVNAY ALBIN FAHAD 150

full member

Activity: 280

Merit: 100

Yes, that is our obligation, for a better success of all project of our government we need to pay taxes.The sad part is that its your obligation to pay these taxes even though it doesn't go to where it should and put to good use. If you have a regular job then you basically have no choice since these taxes are automatically deducted from your salary.

LordTricky

jr. member

Activity: 98

Merit: 2

All you terrorist sympathisers need mental help. Tax is theft, NO I will NOT pay...

giftoflove58

newbie

Activity: 64

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.

I think yes, If that's the only thing to going legalization of bitcoin then I probably going to pay taxes. Supposedly income in bitcoin should also covered in income tax and this tax will go to our government funds.

boynegro

newbie

Activity: 70

Merit: 0

Quote from: Grant on June 06, 2011, 06:05:56 PM

It's standard "Capital Gains Tax" rather than "Income Tax" when you take it out, just like it would if you sold forex/pm or stocks for that matter.

All governments keep an eye on unusual inflows from accounts on that one, no i wouldn't recommend to cheat on that one.

Yes, of course. When I grow up more and find a stably job. I can pau taxes too. Especially now, we pay taxes even though that we are students. That taxe called Value Added Tax.

kamenix

member

Activity: 75

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.

I would ay the taxes. Naturally I like to have no risks. And I am humble so half a milion is awesome too 😉

aleenoe335

newbie

Activity: 79

Merit: 0

Yes I will always pay taxes Because it is a good citizen obligation, Because its interests for the common good too

jimmihenrikh46

newbie

Activity: 109

Merit: 0

One of the characteristics of developed countries is if the public awareness to pay high taxes, close to 100 percent If from 50 million who have not paid taxes, have paid the obligation of a country would be more advanced from now.

numizmat

jr. member

Activity: 154

Merit: 1

According to data from Credit Karma, fewer than 100 Americans out of the 250,000 who have already filed federal taxes have reported their cryptocurrency assets to the IRS. This figure might be cause for concern for the US tax authorities. Thus far, figures show that about 57 percent of the 2000 Americans that took part in the survey had made some gains via crypto. The same company, Credit Karma, which revealed the number of Americans that had filed taxes via its systems, conducted the survey.

According to further questions asked in the poll, about 57 percent said that they had never reported gains they made from crypto trading to the IRS. The survey also showed that about half of all those who were interviewed understood that owning crypto should have an effect on their taxes. More info (full article): Fewer Than 100 Americans Have Reported Cryptocurrency Trading To The IRS

BitcoinNational

legendary

Activity: 1470

Merit: 1010

Join The Blockchain Revolution In Logistics

I will, as it's not really an option. I don't really see how to avoid pay taxes when your profits are important. So it's not really a matter of choice. Anyway if you have an important amount that come on your bank account, you'll have to justify it

allonage

newbie

Activity: 12

Merit: 0

I do not want to pay for now. But I will pay if it becomes compulsory.

siekeheros

newbie

Activity: 53

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.

lol , I pay taxes daily on every purchase I made in real life ( not on the internet ) and we don't have to do the annual taxes like on the united states.

Sithara007

legendary

Activity: 3346

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

Quote from: Temitope on January 30, 2018, 06:22:46 AM

It is good to be paying tax because that is one of the way government generate revenue which they use in providing infrastructure for it's citizens

If the government was indeed using the tax money for infrastructure activity (or to provide education and healthcare), then no of us would be complaining about the taxes. But that is not the case. The vast majority of the tax revenue is being diverted to two sectors. The first one is for the salary and pensions of the government employees. And the second one is for waging wars.

Stegobit

jr. member

Activity: 154

Merit: 1

Quote from: amaldubai1 on January 31, 2018, 02:00:16 PM

Try buying a house or a car and you'll see how fast the authorities come knocking on your door.

There is a trick that use all wealthy people in my country - buy it using a loan with long duration and small monthly installment. Sell Bitcoin for cash and use this money to pay off loan.

Quote from: amaldubai1 on January 31, 2018, 02:00:16 PM

Bitcoin isn't anonymous! It's one of the most common wrong assumptions that people have.
You can be anonymous if you mine the coins and trade them for altcoins or cash. If you bought the coins from someone on an exchange the anonymity is no longer there.Reliability and security is one of the main advantages of bitcoin. Therefore, I would advise conducting as many operations as possible through blockchain, in bitcoins. To avoid paying taxes for cashing out.

Use mixer, e.g. Chipmixer.

Quote from: amaldubai1 on January 31, 2018, 02:00:16 PM

If it is necessary I would just abide the given law just so they won't ban bitcoin here in our country.

If you don't know where to spend your money, don't pay to terrorists (govt), better pay to their haters!

Quote from: amaldubai1 on January 31, 2018, 02:00:16 PM

Taxes will still be subdivided for the needs of the country and I would be very proud to contribute my earnings.

Do you really believe in this?!!

Topic: Are you going to pay taxes? - page 7. (Read 18734 times)