Nobody knows who transfer bitcoin to whom as it is anonymous so government can't force anyone to pay tax for bitcoin related transactions. So simply saying no bitcoin transactions aren't subjected to tax or can be taxed.
For now bitcoin still not government involve and i think its impossible that bitcoin will be involve in government unless if we force as to use bitcoin to accept it locally goverment will seen it if it will popular in our country. you know governments are corrupt..
Topic: Do Bitcoins have Tax?? - page 23. (Read 40193 times)
Since bitcoin is an internet currency that can be turn into a actual money. And Bitcoin too is known on Government but still government can't observe bitcoin that good. So I'm thinking if Bitcoin has tax??
Edit:
Now I know that bitcoin doesn't have tax but Transaction does..
Where do these Tax go?Government? And what kind of tax is it??
i think transactions are only charge apply for transfer . this transaction charge is used by the developer of bitcoin ( satoshi nakamotov ).Edit:
Now I know that bitcoin doesn't have tax but Transaction does..
Where do these Tax go?Government? And what kind of tax is it??
if they will pay some part of this charge to the government then iy will be declared by the all countries is as legall ( since it is legal)
but unfortunately no tax goes to the government of countries so some countries declare it as illegal .
Yes bitcoin has a tax if you won't pay for the tax of your bitcoin then your bitcoin will not confirmed that fast and it needs a tax to continues the service of blockchain , blockchain is one of the most important because it is the main gateway of bitcoin. I think.
Bitcoin is not even legalised in many countries still now. Italy has decided to impose tax on Bitcoin earnings.In other countries, there is no tax for bitcoins.The amount charged while converting Bitcoin to fiat and fiat to bitcoin is the transaction fees and not tax
Well even here in my country as long as you are earning online and your employers are overseas then you are exempted with the tax.
So as we earn bitcoin here in my country we are exempted from the tax and we are not obliged to pay for the tax as bitcoin is still not covered by the law.
That is why we are just only paying some miners fee every time we are going to have transactions.
Bitcoin has not tax in my country but only transfer fee.
bitcoin has little TAX in each delivery. I think the cost is used bitcoin is the smallest compared with other financial media.
I think there is NO TAX at this moment,unless it is controlled or regulated by government. What we pay in sending coins is charges. Charges which you set in your self but not less than 20,000 sats. The higher the charges you set, the bigger possibility of higher priority.
I do believe there is no tax on bitcoins as they are not treated as currency but as a commodity. Similar to holding stock certificates (less the transaction fees of buying and selling them), you will be taxed as income tax when your Bitcoins grew in value. So, for example, you purchased one Bitcoin at $400 and sold it at $600, the $200 income will be taxed. So far, based on my research, no country has imposed taxes on trading, buying, selling, or transacting with Bitcoins.
bitcoin has little TAX in each delivery. I think the cost is used bitcoin is the smallest compared with other financial media.
I think there is NO TAX at this moment,unless it is controlled or regulated by government. What we pay in sending coins is charges. Charges which you set in your self but not less than 20,000 sats. The higher the charges you set, the bigger possibility of higher priority.
Bitcoin is not even legalised in many countries still now. Italy has decided to impose tax on Bitcoin earnings.In other countries, there is no tax for bitcoins.The amount charged while converting Bitcoin to fiat and fiat to bitcoin is the transaction fees and not tax
Nobody knows who transfer bitcoin to whom as it is anonymous so government can't force anyone to pay tax for bitcoin related transactions. So simply saying no bitcoin transactions aren't subjected to tax or can be taxed.
For now bitcoin still not government involve and i think its impossible that bitcoin will be involve in government unless if we force as to use bitcoin to accept it locally goverment will seen it if it will popular in our country. you know governments are corrupt.. 
yes and i think that is the solid reason that why there is no tax on bitcoin and i will like to add that bitcoin is not yet consider as legal currency therefore not a single country has impose tax on bitcoin.
Nobody knows who transfer bitcoin to whom as it is anonymous so government can't force anyone to pay tax for bitcoin related transactions. So simply saying no bitcoin transactions aren't subjected to tax or can be taxed.
No bitcoin doesn't have any tax because there is no organization to accept or take the bitcoin so it's fully decentralized but well you might be thinking v of transaction fees . That fees goes to miners.
Since bitcoin is an internet currency that can be turn into a actual money. And Bitcoin too is known on Government but still government can't observe bitcoin that good. So I'm thinking if Bitcoin has tax??
Edit:
Now I know that bitcoin doesn't have tax but Transaction does..
Where do these Tax go?Government? And what kind of tax is it??
Bitcoin doe not have nay tax which I think is a good thing because if it would have tax the government would then take almost all of our profit away. Edit:
Now I know that bitcoin doesn't have tax but Transaction does..
Where do these Tax go?Government? And what kind of tax is it??
So it is a good thing that Bitcoin does not have any kind of tax.
what do you mean by decentralized?
if you know the meaning of the word decentralized then you wouldn't ask such question.
well bitcoin have no taxes as there is no organization or institute or person to take the charge but the transaction fees which is cut while payment is send to miners.
if you know the meaning of the word decentralized then you wouldn't ask such question.
well bitcoin have no taxes as there is no organization or institute or person to take the charge but the transaction fees which is cut while payment is send to miners.
Well if you are earning money through signature campaigns and faucets, then you don't pay any tax. I am not sure if there is any tax when you are buying Bitcoin.
holding and earning bitcoin isn't any different from holding and earning fiat. it's money that you get after all. in that aspect you need to declare everything to your tax agency officially. of course, not many people will do this (which i can't blame them for).
Bitcoin does not have any tax and that is what i like about it because if it would be run by the government then it would have tax without a doubt because they feel like they need to make money of it as well.
I hope that it is not going to to be run by something else in the future because it might ruin things.
I hope that it is not going to to be run by something else in the future because it might ruin things.
Since bitcoin is an internet currency that can be turn into a actual money. And Bitcoin too is known on Government but still government can't observe bitcoin that good. So I'm thinking if Bitcoin has tax??
Edit:
Now I know that bitcoin doesn't have tax but Transaction does..
Where do these Tax go?Government? And what kind of tax is it??
Edit:
Now I know that bitcoin doesn't have tax but Transaction does..
Where do these Tax go?Government? And what kind of tax is it??
Right, for transaction in bitcoin we have to pay a small transaction fees. So this fees goes to miners who verify the transaction and processes everything that is required for bitcoin transaction. If you pay more transaction fees then your payment will be done much faster. Because everybody need money and money rules here also.
There's no taxes in BTC, this is an open currency and no one charges you money, the tx fee is something to the one mining blocks to include the tx in the nearest possible block as an incentive.. You might need to pay taxes though according to your local rules "and these are paid to your local government not the bitcoin network".
Bitcoin does not have tax and that is also a reason why the people that make use of it make use of it. Bitcoin is not controlled by the government.
If that was the case then they would put tax on it for sure.
If that was the case then they would put tax on it for sure.
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