Do Bitcoins have Tax?? - page 33. | Bitcointalksearch.org

Jambolb2

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Quote from: junder on July 29, 2016, 01:24:17 AM

the same here in my country still not have tax
because the government in my country not accept bitcoin for the payment.

Yeah maybe if someday bitcoin accepted by the government then we will pay taxes for using bitcoin, but it will not happen in the near future I think. Same in my country as well, bitcoin is still not legalized or illegal so there is no tax due using bitcoin here.

diodio5

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Quote from: Runnermann on July 28, 2016, 04:51:33 PM

Bitcoin has not tax in my country but my friend said to me there is tax for bitcoin for some countries .

Lol I think your friend has been tricked you lol. I think it is impossible to be granted tax bitcoin. how to give a tax if
the government does not know which address you are and bitcoin is anonymous and it was no support for built-in tax

TastyChillySauce00

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Quote from: erickkyut on July 29, 2016, 12:57:29 AM

Quote from: bravehearth0319 on July 28, 2016, 11:08:13 PM

here in my country, Bitcoins have no tax. But once the government find out the good thing about it I think they will implement tax to all bitcoin user here. Maybe in some other countries who accepted bitcoin have tax,.

I don't think so. The government cannot do that since they are not affiliated with any bitcoin community or businesses. and besides, bitcoin transactions have no any contracts or legality.

even they don't have any affiliation with bitcoin devs or anything,but there's still a way like taxing every transaction which done by their local merchants so the merchant will add some tax in the bill when the customer going to pay

junder

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the same here in my country still not have tax
because the government in my country not accept bitcoin for the payment.

erickkyut

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Quote from: bravehearth0319 on July 28, 2016, 11:08:13 PM

here in my country, Bitcoins have no tax. But once the government find out the good thing about it I think they will implement tax to all bitcoin user here. Maybe in some other countries who accepted bitcoin have tax,.

I don't think so. The government cannot do that since they are not affiliated with any bitcoin community or businesses. and besides, bitcoin transactions have no any contracts or legality.

bravehearth0319

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here in my country, Bitcoins have no tax. But once the government find out the good thing about it I think they will implement tax to all bitcoin user here. Maybe in some other countries who accepted bitcoin have tax,.

Mr. Big

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Quote from: madwica on July 28, 2016, 10:20:55 PM

Quote from: Runnermann on July 28, 2016, 04:51:33 PM

Bitcoin has not tax in my country but my friend said to me there is tax for bitcoin for some countries .

Like here in my country there is no tax impose in bitcoin that is why i use this for transfer money to my family than using remittance center and also i do not want it to be legalize because once government accepting bitcoin to be legal currency they required bitcoin to have tax in every transaction to made.

As I've said before and others too, there is no tax in bitcoin when it is raw and you are not using it, but if you would transfer it to fiat then there is already a tax in it... In short, if you "spend" your coins as fiat, there will be a tax in it, and if you use it in any stores/exchanges and any duly authorized and recognized by the government, those merchants could add the tax in your purchased item or service...

madwica

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Quote from: Runnermann on July 28, 2016, 04:51:33 PM

Bitcoin has not tax in my country but my friend said to me there is tax for bitcoin for some countries .

Like here in my country there is no tax impose in bitcoin that is why i use this for transfer money to my family than using remittance center and also i do not want it to be legalize because once government accepting bitcoin to be legal currency they required bitcoin to have tax in every transaction to made.

Runnermann

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Bitcoin has not tax in my country but my friend said to me there is tax for bitcoin for some countries .

MyBTT

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You could get taxed if you liquidate your bitcoin. In its normal state, bitcoin is untouchable by anyone that's not you. But if you withdraw a large amount, it could be called tax evasion or could get taxed nonetheless.

Yakamoto

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Quote from: sana54210 on July 28, 2016, 03:42:40 PM

Quote from: iv4n on July 23, 2016, 10:43:12 AM

Bitcoins are not taxed yet, if you don't count transactions fees that some wallets have. But as I understand bitcoin fees are going for miners and that is a good thing, miners keep everything together.
I think some countries will try to tax bitcoin in the future, or some banks who knows. I think its hard to predict this without connections with some high circles in governments around the world.

The transaction fees are already an incentive to the miners. However, right now, the total transaction fees that serves as incentives isn't even so much. It's only more or less 1BTC as far as I know and just count the number of miners sharing from that 1BTC. You're clearly not going to notice that.

Well even if the fee acts as an incentive for the miners, why don't we see blocks being filled basically to the brim, leaving only a few kilobytes left? I would want to go through and have as many transactions verified as possible in a single block, regardless of the transaction fee, because of the additional money I would get from the miner's fees. I don't entirely understand the network and how the blocks and everything work, but I would expect that's a majority of how that stuff would work.

DangerousSausage

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Bitcoin have tax in some ciuntries and in some countries it dont have tax.In my country it dont have tax.

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Quote from: iv4n on July 23, 2016, 10:43:12 AM

Bitcoins are not taxed yet, if you don't count transactions fees that some wallets have. But as I understand bitcoin fees are going for miners and that is a good thing, miners keep everything together.
I think some countries will try to tax bitcoin in the future, or some banks who knows. I think its hard to predict this without connections with some high circles in governments around the world.

The transaction fees are already an incentive to the miners. However, right now, the total transaction fees that serves as incentives isn't even so much. It's only more or less 1BTC as far as I know and just count the number of miners sharing from that 1BTC. You're clearly not going to notice that.

raver36

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You do not own a tax/interest for having bitcoins.

However, there is a fee for every transaction you make. This fee goes to the miners for processing your transaction.

Since the block size is limited to 1 MB and each transaction takes a certain amount of space, this means that the more people make transactions, the more expensive fees will become. However, this is good, because the reward for each block is halving. This means that in the distant future the transaction fees will be the incentive of the miners.

iv4n

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Bitcoins are not taxed yet, if you don't count transactions fees that some wallets have. But as I understand bitcoin fees are going for miners and that is a good thing, miners keep everything together.
I think some countries will try to tax bitcoin in the future, or some banks who knows. I think its hard to predict this without connections with some high circles in governments around the world.

raphma

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If you are talking about government taxes, it depends on the country. here in brazil bitcoin have taxes(everything here have tax..) even tho they hardly will track your bitcoins and discover if you are lying.

randy8777

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Quote from: Ewinsane on July 23, 2016, 09:57:34 AM

i think bitcoin do not have any tax . because bitcoin is not approve by any government .

governments do recognize bitcoin as being part of your "normal" fiat holdings. as with all the things you do, you also need to pay tax over what you own in btc. if you keep everything you have in btc hidden away from the government, then there is nothing they can do, and thus you avoid paying tax over your coins.

Ewinsane

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i think bitcoin do not have any tax . because bitcoin is not approve by any government .

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Quote from: Jemzx00 on February 11, 2016, 10:40:17 AM

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 is anonymous so only countries that have officially recognized the bitcoin will be taxing
but not the income tax, but tax exchanger
for example exchangers in Japan for local residents taxed

erickkyut

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bitcoin is TAX FREE!!! only transaction fees are deducted from your bitcoin and they are deducted by your wallet providers!! bitcoin community is a FREE community and we are not affiliated with any government policies and insurance therefore, we should not be charge with TAX!!

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