Topic: Bitcoin Taxation: Major Challenge (Read 437 times)
I don't think that's a good idea. Bitcoin is a system, not a property. It's anonymous and free. If you think you can grouping about earning among the senior and newbie, you are wrong. Unless, you are gambling on crypto, not investing. I hope, bitcoin will free from taxation even when the government accept and legalized it.
in this case, it is true that you said that in terms of consideration in paying taxes it is important, because everyone's income is not the same, and we must also admit that the payment of taxes is indeed obligatory for us to pay because it also returns to the needs of the community, so it is only natural that we pay tax.
even if yes the government considers bitcoin as enough property, because that means the government has at least acknowledged the existence of bitcoin, even though in this case bitcoin is not suitable to be called a more appropriate property is digital money. so with this one step there is progress the government has recognized the existence of bitcoin because there are several countries that have not yet recognized the existence of bitcoin.
Bitcoin must be anonymous!
Bitcoin is now considered by the government as a property, not an income . This is the reason why they want to put taxes. I guess it is fair enough for those who earned hundreds of thousands here in the crypto world. But for those who are just starting to earn, the government should not. Still, I am in favor of the taxation. But the government should also consider the status of the bitcoin's market price.
i think if government will collect taxes from crypto then I should follow there rules as long as this will apply to all crypto investors. Maybe 8% is good enough for the tax in every trade you made. Although this will become headache to those who sell there bitcoin in a losing price as they will also fee there taxes. I hope the government can make a fair resolution on this matter if this will be implemented. Then why not just buy a property and let them tax you until you deplete the money that you have?
I am still against it. Let bitcoin be. They are just doing this for their own purpose and it is clear that there is no way they can make taxes from it?
New and old? How will you know that someone is just new to it? I can always say that once my bitcoin address is question or I could just mix it while sending to another wallet.
bitcoin is like a commodity and is used as speculation. Therefore, bitcoin transactions have a high risk. Taxation is applied to help protect consumers and users of bitcoin, because no one has bitcoin and no third person.I am still against it. Let bitcoin be. They are just doing this for their own purpose and it is clear that there is no way they can make taxes from it?
New and old? How will you know that someone is just new to it? I can always say that once my bitcoin address is question or I could just mix it while sending to another wallet.
Taxation is applied to enrich the few at the expense of many. Stockholm syndrome much?
You're in favour of taxation? Ok great...
So if I come to your house and put a gun to your head demanding you pay me or I'll throw you in a cage for a few years to think about it that's good for you?
I mean it will be for the greater good. I'll use the money for the betterment of the community (myself).
Just send me your address and I'll send a squad over to your place to shake you up.
Can you see how ridiculous that is, but for some reason people think it's ok for some mythical institution of gangsters called government to do it to you?
Good luck with that.
Governments and their counterfeit fiat money system are the problem.
Let them hyperinflate themselves into oblivion. I choose a different path. And for the record, they aren't invited.
So if I come to your house and put a gun to your head demanding you pay me or I'll throw you in a cage for a few years to think about it that's good for you?
I mean it will be for the greater good. I'll use the money for the betterment of the community (myself).
Just send me your address and I'll send a squad over to your place to shake you up.
Can you see how ridiculous that is, but for some reason people think it's ok for some mythical institution of gangsters called government to do it to you?
Good luck with that.
Governments and their counterfeit fiat money system are the problem.
Let them hyperinflate themselves into oblivion. I choose a different path. And for the record, they aren't invited.
Everyone wants money and tries to do it in many ways.
I guess they are right but first they should think a block chain wherein they should consider the amount of tax your going to pay since people are earning with different amount and people also are hiding their other crypto with wallet that doesn't need the owners identification...
Everyone will use it as they want.
Then why not just buy a property and let them tax you until you deplete the money that you have?
I am still against it. Let bitcoin be. They are just doing this for their own purpose and it is clear that there is no way they can make taxes from it?
New and old? How will you know that someone is just new to it? I can always say that once my bitcoin address is question or I could just mix it while sending to another wallet.
bitcoin is like a commodity and is used as speculation. Therefore, bitcoin transactions have a high risk. Taxation is applied to help protect consumers and users of bitcoin, because no one has bitcoin and no third person. I am still against it. Let bitcoin be. They are just doing this for their own purpose and it is clear that there is no way they can make taxes from it?
New and old? How will you know that someone is just new to it? I can always say that once my bitcoin address is question or I could just mix it while sending to another wallet.
at least as an initial step, bitcoin has been recognized by the government and although it is only considered a property, who knows, sooner or later we can use bitcoin as a payment instrument.
as good citizens we must be aware of taxes so it's only natural that we are taxed.
as good citizens we must be aware of taxes so it's only natural that we are taxed.
if you are in contact with the government it is certain that the name of the tax will definitely be imposed, but we also have to be aware that as a good citizen we must obey taxes, but the problem with low prices added tax is that we will definitely lose money.
Bitcoin is now considered by the government as a property, not an income . This is the reason why they want to put taxes. I guess it is fair enough for those who earned hundreds of thousands here in the crypto world. But for those who are just starting to earn, the government should not. Still, I am in favor of the taxation. But the government should also consider the status of the bitcoin's market price.
Sounds ironic for you because in general, you don't really like taxation but there is nothing we can do and we should pay the Bitcoin taxes according to the regulation policy. Anyway, Bitcoin tax will always depend of your Bitcoin income not thru bearish and bullish market so rest assured that if you will earn less during this bearish then expect a small portion of your tax too for the government.
Taxes are based on a particular amount or a portion of the current declared value of the property and income. They just collecting a certain percentage suits to the item. If the declared value is low then the amount to pay is low to, same as its reverse. Even it is so volatile, it will not become a major problem with its taxation. Im sure that governments who implement taxes on crypto anticipate this matter.
The government appropriated the status of ownership to Bitcoin in order to ensure that most of the money did not leave the country. In this way, the country's economy will grow and develop.
Taxation of bitcoin is simple as tough also because entire thing is digital so calculation part and monitoring easy but different country, their user, their individual tax laws, putting in same platform is very tough.
Bitcoin is now considered by the government as a property, not an income . This is the reason why they want to put taxes. I guess it is fair enough for those who earned hundreds of thousands here in the crypto world. But for those who are just starting to earn, the government should not. Still, I am in favor of the taxation. But the government should also consider the status of the bitcoin's market price.
We are oblige to pay the taxes from our income so it is right to pay taxes for the government specially when they declare Bitcoin is legal.The formula of the tax collection should be the same formula that used when we are earning fiat in which it will always depend on our income and our capabilty to pay because of our family. Therefore i think the government is always fair enough for all tax payers that it will always depend of their capability to pay.
I think that the use of money from tax revenues has been regulated in the state budget law, so to give a budget to non-productive organizations it seems impossible, and if that happens it is likely that only a small portion of the money from the tax is generated, because most of the results tax is usually for infrastructure, health education and civil servant salaries, do not worry about the use of taxes because at the end of each year there is the name of accountability for the use of state money, we as taxpayers should obey the law.
Is this some kind of a joke? I do not know which country you are familiar with, but take the United States as an example. Trillions of dollars have been spent on wars. For each member of Congress, there are hundreds of civil servants. Most persons in Congress have done worse than nothing, because they pass legislation that makes things worse. That's hundreds of workers' salaries, per Congressperson, that is wasted. There are reports everywhere of government workers sleeping on the job, not showing up, and still getting paid.
I generally agree that taxes should be paid.
But as long as governments keep wasting tax money by giving it to organisations that literally do nothing to contibrute to anything at all, I pay as little tax as possible.
But as long as governments keep wasting tax money by giving it to organisations that literally do nothing to contibrute to anything at all, I pay as little tax as possible.
I think that the use of money from tax revenues has been regulated in the state budget law, so to give a budget to non-productive organizations it seems impossible, and if that happens it is likely that only a small portion of the money from the tax is generated, because most of the results tax is usually for infrastructure, health education and civil servant salaries, do not worry about the use of taxes because at the end of each year there is the name of accountability for the use of state money, we as taxpayers should obey the law.
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