In Ron Paul's view, bitcoin is money, and it should be taxed as such. How do you view this information?
This is happening already, most countries that have accepted bitcoin are already taxing it, it's not new, a tax is a responsibility, it's the lifeblood of a county therefore we have to pay, if we evade tax, make sure we do it well so we will not face a problem in the future.
Bitcoin is regulated, therefore it should be tax, that's my view.
- Taxes may be our responsibility but after we solve the tax problem, the government will take responsibility of someone who received money from us or they will try to delay the timing of many problems, usually here there are a lot of risks like being hacked and stolen and a lot of cases of scams, I still don't see the effect of government service, asking for tax would be relatively unreasonable. Fully catering to the participants will never have a story of possible tax evasion but unfortunately, the government has never done its duty to protect us.
I can agree with you Conected! But I must add one thing, a lot depends on the country where you live!
Saintough, we can say that Bitcoin is regulated, we know how coins are being created and distributed, and we know how to transact them... and some countries regulated it in their own way, and if you are cashing them out through the bank, depending on the country where you live, you will probably have to pay some taxes! While in some countries it's harder to cash out, maybe you pay more fees before you get to the cash, but nobody is taxing you!
It will be an interesting future... some governments and countries are speaking about higher taxes for crypto! This new bullish period made another bach of milionares and billionaires... and it wasn't hard to imagine governments trying to take a piece of cake for them!
