Bitcoin holders will have to pay their tax? - page 3.

Crafts12

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Quote from: Maveth13 on June 22, 2018, 02:08:53 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.

Trade profits are already being taxed. Crypto tax already exist. It's part of a needed regulation that could actually help increase adoption contrary to your statement. You can't expect to make profit and not pay taxes.

Very good point of view. The tax in cryptocurrency is now being implemented. It is now on the run as well as the trading of cryptocurrency and I also think that it was somehow a good idea for a reason that it can also help the promotion of it especially in regulating. As what you have mentioned, gaining profit also means you have to tax it in order to run longly and organizely.

Ahimoth

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Quote from: aditasetia123 on December 18, 2018, 10:55:53 AM

Quote from: NewRanger on December 18, 2018, 08:56:22 AM

Quote from: horrifiedx1 on December 18, 2018, 03:49:29 AM

Quote from: Rrotess on December 17, 2018, 04:37:32 PM

Quote from: Maveth13 on June 22, 2018, 02:08:53 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.

Trade profits are already being taxed. Crypto tax already exist. It's part of a needed regulation that could actually help increase adoption contrary to your statement. You can't expect to make profit and not pay taxes.

When we pay taxes, I just hope that it will never be on the hands of some greedy persons. It is really okay to pay but hey, some reasons are just nonsense. We also want to help one another by engaging on some charitable program.
Governments, also have a lot of budgets so they won't bother.

as long as it is used for people's prosperity, I have no problem paying taxes according to the rules. but sometimes there are some people who abuse, of course the government must also think of ways to prevent it, so that public trust increases and they are aware of paying taxes voluntarily

tax payment actually back to us too.government use tax money to provide public facilities and infrastructure.so why we should be affraid if bitcoin holder have to pay taxes.

that was the government purpose why they attract taxes for bitcoin and cryptocurrency holder.to make their country become prosperous was main goal , so they need alternative income source.

If the bitcoin holder is paying taxes then surely the government will oppose a law about and possible they will get a higher tax for bitcoin. But the advantage of paying taxes of bitcoin holder is they used the collected tax as fund for the community needs or to build that can help to a lot of people.

aditasetia123

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Quote from: NewRanger on December 18, 2018, 08:56:22 AM

Quote from: horrifiedx1 on December 18, 2018, 03:49:29 AM

Quote from: Rrotess on December 17, 2018, 04:37:32 PM

Quote from: Maveth13 on June 22, 2018, 02:08:53 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.

Trade profits are already being taxed. Crypto tax already exist. It's part of a needed regulation that could actually help increase adoption contrary to your statement. You can't expect to make profit and not pay taxes.

When we pay taxes, I just hope that it will never be on the hands of some greedy persons. It is really okay to pay but hey, some reasons are just nonsense. We also want to help one another by engaging on some charitable program.
Governments, also have a lot of budgets so they won't bother.

as long as it is used for people's prosperity, I have no problem paying taxes according to the rules. but sometimes there are some people who abuse, of course the government must also think of ways to prevent it, so that public trust increases and they are aware of paying taxes voluntarily

tax payment actually back to us too.government use tax money to provide public facilities and infrastructure.so why we should be affraid if bitcoin holder have to pay taxes.

that was the government purpose why they attract taxes for bitcoin and cryptocurrency holder.to make their country become prosperous was main goal , so they need alternative income source.

hardhardy

jr. member

Activity: 59

Merit: 2

It varies from country to country, but US citizens will have to pay tax on every individual trade. So they might sell in January to cover that.
Most EU countries don't have this problem. Germans are tax free if they HODL, most other countries only tax whatever you withdraw

NewRanger

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Quote from: horrifiedx1 on December 18, 2018, 03:49:29 AM

Quote from: Rrotess on December 17, 2018, 04:37:32 PM

Quote from: Maveth13 on June 22, 2018, 02:08:53 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.

Trade profits are already being taxed. Crypto tax already exist. It's part of a needed regulation that could actually help increase adoption contrary to your statement. You can't expect to make profit and not pay taxes.

When we pay taxes, I just hope that it will never be on the hands of some greedy persons. It is really okay to pay but hey, some reasons are just nonsense. We also want to help one another by engaging on some charitable program.
Governments, also have a lot of budgets so they won't bother.

as long as it is used for people's prosperity, I have no problem paying taxes according to the rules. but sometimes there are some people who abuse, of course the government must also think of ways to prevent it, so that public trust increases and they are aware of paying taxes voluntarily

tax payment actually back to us too.government use tax money to provide public facilities and infrastructure.so why we should be affraid if bitcoin holder have to pay taxes.

horrifiedx1

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Activity: 602

Merit: 11

Quote from: Rrotess on December 17, 2018, 04:37:32 PM

Quote from: Maveth13 on June 22, 2018, 02:08:53 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.

Trade profits are already being taxed. Crypto tax already exist. It's part of a needed regulation that could actually help increase adoption contrary to your statement. You can't expect to make profit and not pay taxes.

When we pay taxes, I just hope that it will never be on the hands of some greedy persons. It is really okay to pay but hey, some reasons are just nonsense. We also want to help one another by engaging on some charitable program.
Governments, also have a lot of budgets so they won't bother.

as long as it is used for people's prosperity, I have no problem paying taxes according to the rules. but sometimes there are some people who abuse, of course the government must also think of ways to prevent it, so that public trust increases and they are aware of paying taxes voluntarily

pedangrusak

member

Activity: 462

Merit: 11

it will be difficult to detect the amount of tax that must be paid by other bitcoin and crypto holders, because the government does not have the authority to check how much one's investment is certain because wallet data can be of several kinds. what can be done is that the person reports it to the government to be taxed, and I agree to the crypto investment tax

yulionoo

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in my opinion bitcoin tax withdrawal is something that will have a good impact on bitcoin. because taking tax from the circulation of crypto currency means that the government has made rules for crypto currencies and will protect us from crypto hackers. if someone is hacking, the government can take legal action to that person. and I think that with the withdrawal of bitcoin taxes it will not reduce the bitcoin community, I think they will be more eager to invest. so that both the government and bitcoin holders benefit from each other.

Rrotess

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Quote from: Maveth13 on June 22, 2018, 02:08:53 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.

Trade profits are already being taxed. Crypto tax already exist. It's part of a needed regulation that could actually help increase adoption contrary to your statement. You can't expect to make profit and not pay taxes.

When we pay taxes, I just hope that it will never be on the hands of some greedy persons. It is really okay to pay but hey, some reasons are just nonsense. We also want to help one another by engaging on some charitable program.
Governments, also have a lot of budgets so they won't bother.

Mr.grin

legendary

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Quote from: BTCbengi on November 22, 2018, 01:56:45 PM

I do not think there is any evidence that the government knows about us, Bitcoin users. It is absolutely confidential and seems to be anonymous. Thus, Bitcoin is growing and more known, despite being banned by the government

well, I think that it is very difficult to implement this, moreover the price of bitcoin is uncertain, and also the income is uncertain. well, there are many factors that hinder paying taxes for crypto users, moreover crypto is not fully legal in all countries.

jcarlo

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Quote from: pat4cryptoreal on November 22, 2018, 08:23:32 AM

The mode of taking the tax and the percentage will determine investors drives towards bitcoin because there must be profit in any investment we venture into. If the taxation rate will be too high people will have a second thought.

People will think bitcoin is legal currency if put taxes on it. Many country already implementing this and bitcoin as an digital asset. It will good for cryptomarket because will give good climate

BTCbengi

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I do not think there is any evidence that the government knows about us, Bitcoin users. It is absolutely confidential and seems to be anonymous. Thus, Bitcoin is growing and more known, despite being banned by the government

Vishnu.Reang

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Many of the countries have wealth tax. If your net worth is above a certain threshold, then you need to pay this tax. And if I am not wrong, you need to pay this tax irrespective of the nature of your assets.

ryzaadit

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To be honest paying a tax, i think we already paying the tax whent we trading a cryptocurrency like bitcoin on some centralized exchange, Each trade always have tax. and that fee from exchange can be used for paying a tax for every cryptocurrency user

jatin729

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Why holders have to pay taxes i don't think so. Taxes will only liable if someone trade bitcoin for exchange to fiat currency than we can think about pay taxes but for holding it is not liable.

Quote from: vixcious on November 22, 2018, 07:04:17 AM

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.

The government can not control this. This is the advantage of blockchain technology and we do not have to worry about this. Besides that, I think those guys holding a lot of bitcoin will have people working in government. you will not know who is really who is fake in this market Grin

But bro if govt. regulate exchanges where we have been traded than govt. will have our all details and transaction we made on particular exchange so according to me pay taxes can be good option for us if govt. allow crypto.

yatogami

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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.

There are already countries that adopted tax on BTC, though its status varies a lot in different jurisdictions.
For example, in the US and Australia btc is treated as an asset, while in the EU and Japan bitcoin was officially recognized as a means of payment.
Different approaches to cryptocurrencies define different types of taxes, but the overall fact is that privacy and full control over your funds are no longer the advantages of crypto.
Despite all these attempts of regulation, I think crypto community is still expanding and we will see more and more people using crypto for their daily needs in the nearest several years.

pat4cryptoreal

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The mode of taking the tax and the percentage will determine investors drives towards bitcoin because there must be profit in any investment we venture into. If the taxation rate will be too high people will have a second thought.

Adhichan

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Quote from: vixcious on November 22, 2018, 07:04:17 AM

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.

The government can not control this. This is the advantage of blockchain technology and we do not have to worry about this. Besides that, I think those guys holding a lot of bitcoin will have people working in government. you will not know who is really who is fake in this market Grin

but we need their regulation to make mass adoption.without this regulation hard for cryptocurrency could be adopted in any field.so this obligation to make crypto capitalization rise alot.

hahay

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Quote from: congresowoman on November 22, 2018, 04:30:42 AM

In my opinion instead of slowing down the expansion of the community, the thing is people will be much interested in it. For the sole reason that crypto is now recognized by the government and backed up by national operations such as tax collection. This will be a huge improvement for government operations because big money are coming in and out of crypto. Tax will help a lot.

But with the implementation of taxes for bitcoin holders, of course, it will make the expansion of bitcoin better and so does the price that is not easily manipulated. But I realize that with the manipulation of prices in the crypto market it will also continue to make the popularity of bitcoin and crypto more and more with news and articles everywhere because the price of bitcoin is falling due to the bear market or even pumping up into warm conversation.

vixcious

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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.

The government can not control this. This is the advantage of blockchain technology and we do not have to worry about this. Besides that, I think those guys holding a lot of bitcoin will have people working in government. you will not know who is really who is fake in this market Grin

Topic: Bitcoin holders will have to pay their tax? - page 3. (Read 4342 times)