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Topic: Bitcoin and Economy - page 9. (Read 3003 times)

sr. member
Activity: 574
Merit: 250
July 25, 2018, 09:45:46 AM
if the population in a country has used crypto and the majority of the population uses crypto, at a time the government will impose a tax for all crypto users. and the government will regulate crypto and its use. currently, crypto users are so few that tax has not been applied.
jr. member
Activity: 154
Merit: 1
July 25, 2018, 08:12:55 AM
Talking about tax involve  very wide discussion. there are two type of tax, direct tax and indirect tax, so eve if bitcoin users don't pay tax directly, they will pay it indirectly. More over government can accept bitcoin fully and impose tax on the users even if bitcoin is a decentralized.
It is a wide topic with many opinions so there is no right or wrong. the government really does as it pleases it could impose tax or ban it overall. its a complicated situation.
sr. member
Activity: 619
Merit: 250
July 24, 2018, 01:13:39 PM
We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.



I strongly agree that people who use bitcoin have to pay taxes on the state for development, but what I worry about is bitcoin tax money misused by the state or in corruption by high-ranking state officials.
I think even though we have not directly pay taxes to government with our income from bitcoin but still its helpful to the economy in different way, people who have income from bitcoin can now buy things, goods and services they want and that is where the government can get taxes from the establishment that are selling those goods and services, because if government interfere bitcoins through taxation then its decentralized form will vanished.
It is undeniable that governments impose taxes on almost everything we do and use from the things we buy in the supermarket to the income we have from our jobs. So bitcoin users still pay taxes one way or another, it is just not directly through bitcoin transaction or trading. Moreover, bitcoin can help with economy crisis since it can bring a lot of profit to its users and when people have more money, they would buy more goods or invest in other areas. This would surely brighten a country's economic situation.
newbie
Activity: 60
Merit: 0
July 24, 2018, 12:52:12 AM
Bicoin can change the economy in positive way. It creates jobs for the people who has the knowledge about interney. Thus, Bitcoin decreases unemployment in a country.
newbie
Activity: 14
Merit: 0
July 24, 2018, 12:51:43 AM
Future is too unclear to be seen and predicted. Therefore, I prefer to build a well-diversified portfolio based on your risk preference and investment goals. And it should include different assets among which are various currencies and projects. I can name you one good Token Sale. It is called Socratus.  It is an insurance ecosystem which provides a digital platform for insurance companies. So any insurance company can connect the platform to become the part of Insurance Digital Ecosystem.
member
Activity: 420
Merit: 10
“Tackling Climate Change Using Blockchain”
July 24, 2018, 12:36:20 AM
I think it does not give as much impact if people involved in cryptocurrencies will not pay. There are many sources for taxes aside from cryptocurrencies. It will be just a bonus point if taxes will be paid when holding coins. Since we are talking about money in a cryptocurrency form, holding coins is just like saving money. Do people pay taxes when saving money in a bank? Well I don't really know much about it but I know that when we do hold coins we get paid an interest. So I just thought this idea may be similar holding cryptocurrencies.
member
Activity: 279
Merit: 12
July 23, 2018, 11:11:35 PM
I think there will be more people using bitcoin in the future. Because bitcoin can help world economy with invest and you can learn first how to trade then after you can do it you will have a big profit
full member
Activity: 546
Merit: 100
July 23, 2018, 10:56:21 PM
We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.



I strongly agree that people who use bitcoin have to pay taxes on the state for development, but what I worry about is bitcoin tax money misused by the state or in corruption by high-ranking state officials.
I think even though we have not directly pay taxes to government with our income from bitcoin but still its helpful to the economy in different way, people who have income from bitcoin can now buy things, goods and services they want and that is where the government can get taxes from the establishment that are selling those goods and services, because if government interfere bitcoins through taxation then its decentralized form will vanished.
jr. member
Activity: 196
Merit: 6
🚀🚀 ATHERO.IO 🚀🚀
July 23, 2018, 10:44:14 PM
Bitcoin and economy is a great team. Why I say so? Because think of this, bitcoin helps people to have an income or in short, to help people become rich people. To make their lives better than before. And that is why it helps the economy because it helps the people who lives in it when they use cryptocurrencies like bitcoin. Then the economy helps bitcoin because without the economy or without the people who will use it. Then bitcoin will never work to help people.
member
Activity: 217
Merit: 22
July 21, 2018, 11:56:43 PM
I think if ever that is the case that 90% of the population is on crypto currency specifically Bitcoin, I think the government is smart enough to legalized it or at least have some regulations around it to protect their people as well as to be able to put taxes on it so it can help the country as well.
PIR
member
Activity: 322
Merit: 10
CRYPTOBLADES Octoblades 10.10
July 21, 2018, 11:42:54 PM
There is always been a strong connection between the income of the people and the success of the economy... regardless if it is bitcoin or not there is always a relation between these two whenever people in each country grows in their finances and gives back to their government what is due to them by giving their taxes faithfully and if the people in the government do not spoil it or corrupt it then the economy will rise to its stardom and many new things will happen and come up in the socioeconomic of the country.
full member
Activity: 840
Merit: 105
Buzz App - Spin wheel, farm rewards
July 21, 2018, 11:21:51 PM
We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.



I strongly agree that people who use bitcoin have to pay taxes on the state for development, but what I worry about is bitcoin tax money misused by the state or in corruption by high-ranking state officials.
newbie
Activity: 32
Merit: 0
July 21, 2018, 10:20:48 PM
So bitcoin and economy are interrelated. So government will have a few measures, maybe first to charge the trade, and after that cost your encoded cash handbag. The world is starting at now moving to virtual and each overall business concentrate going to be subject to bitcoins.Customers and aces utilize bitcoins for paying and obtaining. So I think there will be more individuals utilizing bitcoin in the advancing future .
newbie
Activity: 25
Merit: 0
July 21, 2018, 10:19:09 PM
Clients and pros use bitcoins for paying and acquiring. So I think there will be more people using bitcoin in the progressing future .So bitcoin and economy are interrelated. So government will have a couple of measures, perhaps first to charge the exchange, and after that cost your encoded money satchel. The world is as of now moving to virtual and each worldwide business focus going to be dependent on bitcoins.
newbie
Activity: 66
Merit: 0
July 21, 2018, 10:17:33 PM
The world is currently moving to virtual and each global commercial center going to be reliant on bitcoins. Customers and specialists utilize bitcoins for paying and purchasing. So I think there will be more individuals utilizing bitcoin in the ongoing future .So bitcoin and economy are interrelated. So government will have a few measures, maybe first to charge the trade, and after that expense your encoded cash handbag
newbie
Activity: 25
Merit: 0
July 21, 2018, 10:16:23 PM
Economy is fundamental of the country advancement and it interface the all country business. In any case, economy isn't cash. If necessity for the other country improvement information. Economy is help to collect other country improvement. So if economy will be advancement country will be improvement and business in like manner make strides.Otherwise, Bitcoin is future modernized money. So it wherever to use. It accomplish the all country. It help to people advancement and country improvement. Bitcoin is interface the other country people so normal to gather other country crucial.
sr. member
Activity: 686
Merit: 250
July 21, 2018, 10:02:07 PM
We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.


If in a country 80% of its citizens are involved in cryptocurrency. Then it should be taxed. So the government in this country can legalize the circulation of bitcoin currencies. Therefore, the Government can legalize these bitcoin currencies with many needs. I strongly agree.

Very few countries if any are going to reach that kind of acceptance, only the richest countries could afford that but we will need to ask ourselves how it will be possible for those rich countries to continue to be rich when most of their economy now is running in a currency they have no control over? And that even if they try to regulate it they have no way to enforce their rules.
hero member
Activity: 759
Merit: 500
July 20, 2018, 01:24:05 PM
I don’t think it will happen, 80% is a lot even if everyone goes for cryptocurrency paper money will be forgotten.
In cryptocurrency no one can guarantee a bright future and get monthly payments on a regular basis. Most people will think about the work they’ve been in for years to keep their monthly economic stable rather than trusting cryptocurrency and leaving their jobs.
member
Activity: 434
Merit: 13
July 19, 2018, 12:19:33 PM
We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.


If in a country 80% of its citizens are involved in cryptocurrency. Then it should be taxed. So the government in this country can legalize the circulation of bitcoin currencies. Therefore, the Government can legalize these bitcoin currencies with many needs. I strongly agree.
newbie
Activity: 98
Merit: 0
July 15, 2018, 01:07:17 PM
The government will take measures to get taxes, and they can tax the way you taxed the exchange or store your bitcoin. Tax is necessary for the development of society.
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