Bitcoin holders will have to pay their tax? - page 17.

Seeker#9

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Quote from: kenlyresuello08 on June 22, 2018, 01:29:06 PM

What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.

Tax is the lifeblood of a government and the country as a whole so every citizen had a duty to pay taxes. Some countries have already imposed taxes on every bitcoin transactions especially in the cryptocurrency exchanges and other countries are also planning to put taxes on bitcoin and other cryptocurrencies. If your government imposes taxes on virtual coins then you should pay your taxes to help your government achieve their goals in nation-biuldings.

Onah

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Quote from: kenlyresuello08 on June 22, 2018, 01:29:06 PM

What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.

Not have to, but it is a should.
Admit it. You made a lot of money in crypto. Now is the time to help your country and people around you also, including you families, children, your future.
Share a little bit of your income to help your country. Why not?

tayogpanganiban

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The Pure Proof-of-Tansaction [POT]

Yes of course.Though you are a bitcoin holder and your money is digital, you still have to pay tax because that is compulsory.This is a responsibility we should never neglect as a citizen of a country.

jack wira

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Pemegang bitcoin harus taat pajak .dan mereka membutuhkan kejujuran.. banyak orang yang wajib pajak tapi pura pura miskin sehingga mengabaikan pajak yg harus mereka keluarkan intinya tanpa pajak ne yg negara akan kacau.

WHTP

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Quote from: kenlyresuello08 on June 22, 2018, 01:29:06 PM

What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.

I don't think they won't do such a thing. How can you tax something that can go down in value when you're just holding it. It's like taxing something you already hold in your house, like comic books that are worth hundreds of dollars. You tax it when you make profit.

Kakawate

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Quote from: kenlyresuello08 on June 22, 2018, 01:29:06 PM

What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.

As I see the situation, with all the crypto users earning great amount of money, especially the traders, the government and everyone can see that they were able to get these money without the government getting something from it, and I think the government finds it as if they are being cheated. So in my opinion, it would normal for the government to put tax on cryptocurrency, and if cryptocurrency will be our one worlds currency, then it I think this taxation issue is gonna come even sooner.

setialovers

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Quote from: kenlyresuello08 on June 22, 2018, 01:29:06 PM

What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.

Many peoples right now holding bitcoin as their asset and speculation. Like any asset, we should paying tax. I am believe thats the purpose government regulation because government want to collect taxes from cryptocurrency transaction

Kez1817

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Quote from: kenlyresuello08 on June 22, 2018, 01:29:06 PM

What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.

If Government regulate bitcoin then people should follow the rule by paying some tax. If it will happen maybe the value of bitcoin will increase more because of tax.

BCSHonda

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Quote from: Drobek on August 28, 2018, 05:57:33 PM

Heard they pay taxes on crypto in India. Don't know how that's possible. But not sure all government can implement this.

If the market has a government to pay tax is sure. Because without their supervision, you spoil the money. But I think I will pay a small amount to meet the demand...

Drobek

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Heard they pay taxes on crypto in India. Don't know how that's possible. But not sure all government can implement this.

Daday23

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Quote from: kenlyresuello08 on June 22, 2018, 01:29:06 PM

What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.

Before they do that legalized first the bitcoin as mode of payment. Why they put a tax in btcoin holder if they against in bitcoin.

andrei56

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Quote from: Refcrypto on August 16, 2018, 10:57:57 PM

Quote from: kenlyresuello08 on June 22, 2018, 01:29:06 PM

What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.

Paying taxes on bitcoin isn't nearly as hard as it sounds

Bitcoin has soared in value over the past year.
Paying taxes on bitcoin may seem daunting to people selling off their investments.
The reality is straightforward for most investors, based on how much you bought bitcoin for, how much you sold it for, and what you make in income.

That is one way to pay your taxes and I'm not against it, but what some governments want is that all the transactions generate a tax and for that you will need to know to who belongs every single address, and I do not know about you but I do not like that idea at all, fortunately it is very unlikely that the developers are going to agree with such a change in the code.

Samaaliu

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Quote from: kenlyresuello08 on June 22, 2018, 01:29:06 PM

What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.

I don't see why the government should impose tax on Bitcoin holders. If at all any tax is to be paid, it should be by the local exchanges.

Kat_messy

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In my opinion, cryptocurrency trading is just normal business, like any other. And in this case, cryptocurrency holders should pay tax if they earn money.

Dodongbtc111

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Quote from: kenlyresuello08 on June 22, 2018, 01:29:06 PM

What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.

I think if we are going to pay taxes then it doesn't matter as long as those who gain profit will only be the one who will pay tax. For those who losses their investment then they will be exempted.

vossybiglady

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Quote from: vibingpositively on June 22, 2018, 01:58:12 PM

What do you mean "if"? Most governments are already beginning to tax it, and given the fact Bitcoin won't go away and "die" the others will join as well it is only a matter of time. To your second point, I don't think that hinders the growth of the community, if anything I believe it helps it in an indirect way. You see the biggest sharks and sharps in the world won't enter the market because it is unregulated and they don't want to put millions on unregulated exchanges. If all the exchanges become regulated, sure it may stifle growth a little in the short term, but in the long term I think it is in all our best interests because the sharks will enter knowing the exchanges are 100% regulated and secure from fraud.

Do you really feel it is worth giving up the free nature of crypto to allow the big boys in? Our own greed is what keeps us locked down in slavery. We need to keep the people in charge and keep the regulations out of crypto.

Pab

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Most govs are taxing incomes from bitcoin trading
But it is first to hear that people who just hold bitcoin will have to pay taxes
usually taxes are counted after bitcoin sell

Crystal24

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Bitcoin holders pay tax? How would that pan out?
I do not think that the government would be able to implement that because of the decentralized structure of bitcoin.

Alpinat

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Quote from: kenlyresuello08 on June 22, 2018, 01:29:06 PM

What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.

If the government can do it bitcoin will never really famous and popular right now because the government manipulated the value of it. We don't really know what government can do about bitcoin. It is so powerful if that happens the bitcoin industry will be very doomed. And I am hoping that will not gonna happen.

greg0rioo

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Quote from: kenlyresuello08 on June 22, 2018, 01:29:06 PM

What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.

Yes you are right, I agree with you. If indeed this will happen this will cause the bitcoin community to be low.

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