Shying away from taxes and regulations will only make our life worse because the entire system is centralized and connected. ..., at some point of time you will have to integrate with the real economy!
Shying away from taxes, wanting to remain 100% anonymous and not integrating with the economy is one of the reason bitcoin owners are accused of illegal business because no one can actually tell what they do and how they do it.
But it will be difficult for us to avoid taxes because the government can easily find people who don't want to pay taxes. But if the government wants to understand how much tax must be paid by crypto users and not apply too high taxes, I think crypto users might want to pay taxes. After all, not all crypto users are rich people with lots of money and other sources of income.
One of the efforts of the state government to legalize crypto is indeed to be able to apply taxes with the aim of these taxes as a source of state financial income.
So we as wise crypto users can take the positive side of the tax that can make a country legalize crypto and on the other hand to help the country from financial inflation.
If you say that not all crypto users are not rich, I justify it and the taxes that are applied are also not the same for each user because the amount of tax that is applied depends on the amount of crypto assets held and the amount of assets when making a transaction, so there is a difference from any taxes requested.
Hopefully, the government will pay attention to the fact that each crypto user has different assets. But with the 4 year cycle of bitcoin, the amount of tax that will remit to the government will increase drastically because, at that time, a crypto user can have potential assets that can increase. On that 4 year cycle, he may have huge profits from its assets. And that would cost him huge taxes.
Shying away from taxes and regulations will only make our life worse because the entire system is centralized and connected. ..., at some point of time you will have to integrate with the real economy!
Shying away from taxes, wanting to remain 100% anonymous and not integrating with the economy is one of the reason bitcoin owners are accused of illegal business because no one can actually tell what they do and how they do it.
But it will be difficult for us to avoid taxes because the government can easily find people who don't want to pay taxes. But if the government wants to understand how much tax must be paid by crypto users and not apply too high taxes, I think crypto users might want to pay taxes. After all, not all crypto users are rich people with lots of money and other sources of income.
Why would you avoid taxes? It is our duty as citizens of a country. We need to pay taxes so that greedy politicians will have something to put in their pockets. but seriously, if the government is honest, tax is one way for the government to maintain its development and services. One of the reasons why the US of A is developed is that the government implement high tax to sustain the government activities. Without people taxing, the government won't have any funds to spend and will continue to be underdeveloped.
Freedom doesn't mean evading responsibilities.
I'm not saying I'm going to avoid taxes. I know that paying is our obligation as citizens. Taxes do contribute to the development of a country. But unfortunately, if there are still greedy politicians or corrupt officials, the tax money may not distribute in the right direction. And it's no secret that there are still officials or officials who take tax money for corruption.
But the government should recalculate the amount of tax they want to apply to crypto users and maybe if they want to discuss with crypto activists or crypto users, they can find out that all crypto users don't mean people who have a lot of money.