well, there is no way around it, you will need to get those 10K taxed and explain where the Bitcoin came from to the government, because you can't get away with buying a car without telling the government, and let alone a house, so your untaxed Bitcoin are only useful to buy small stuff, if you want cars and houses, it's impossible that the government doesn't end up knowing about it.
So my question is, should we report all of our BTC now, or should we do it with only the amount we are interested in selling, and do it in the future when we want to sell that amount to buy something and not now?
Topic: Do Bitcoins have Tax?? - page 42. (Read 40195 times)
No, and it should not be. It's impossible that someone ask you for a tax on your Bitcoin, unless if the government on your country have their own regulations to take a tax for every person who has a Bitcoin which is won't ever happen.
Even with such a regulation law you can't just control it!
Let's just hope so. Because if they find a way, it will all go downhill from that moment on.
Yeah but if they find a way to control bitcoin... Well they can't! It's the main principle they can't control it!
Unless maybe they setup 51% of miners no?
That's why I said that it won't ever happen, because we are the one who can control our own Bitcoin.
Well after I asked it I started to wonder... any government could control it just by setting enough miners no? I means it would be a big investment for a government and they'd immediately have control over btc no? If they get like 60% of mining power in the world?
Here in the Philippines, if the money came from online earning tax doesn't cover it. And as far as I know, same with other countries too correct me if I'm wrong.
No, and it should not be. It's impossible that someone ask you for a tax on your Bitcoin, unless if the government on your country have their own regulations to take a tax for every person who has a Bitcoin which is won't ever happen.
Even with such a regulation law you can't just control it!
Let's just hope so. Because if they find a way, it will all go downhill from that moment on.
Yeah but if they find a way to control bitcoin... Well they can't! It's the main principle they can't control it!
Unless maybe they setup 51% of miners no?
That's why I said that it won't ever happen, because we are the one who can control our own Bitcoin.
No, and it should not be. It's impossible that someone ask you for a tax on your Bitcoin, unless if the government on your country have their own regulations to take a tax for every person who has a Bitcoin which is won't ever happen.
Even with such a regulation law you can't just control it!
Let's just hope so. Because if they find a way, it will all go downhill from that moment on.
Yeah but if they find a way to control bitcoin... Well they can't! It's the main principle they can't control it!
Unless maybe they setup 51% of miners no?
Is there even such a law from Government for bitcoin??
for my country no tax for bitcoin
no they dont have any taxes and they never will have any, though you have to pay small fees for transactions
No, and it should not be. It's impossible that someone ask you for a tax on your Bitcoin, unless if the government on your country have their own regulations to take a tax for every person who has a Bitcoin which is won't ever happen.
Even with such a regulation law you can't just control it!
Let's just hope so. Because if they find a way, it will all go downhill from that moment on.
No, and it should not be. It's impossible that someone ask you for a tax on your Bitcoin, unless if the government on your country have their own regulations to take a tax for every person who has a Bitcoin which is won't ever happen.
Even with such a regulation law you can't just control it!
No, and it should not be. It's impossible that someone ask you for a tax on your Bitcoin, unless if the government on your country have their own regulations to take a tax for every person who has a Bitcoin which is won't ever happen.
Depending on where you live and what you earn with bitcoins, you have pay taxes to the government.
But thats not just because its Bitcoin, this will be the same for every currency.
But thats not just because its Bitcoin, this will be the same for every currency.
No, because most people have the opportunity to hide their coins unless they use to convert it to fiat...
Else, if they use their BTC online only and buy stuffs here and give BTC for the same, then I don't think anyone will ever know about your coins...
Yeah btc is concealed so there is no direct taxation on it!
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??
No it doesn't have any tax as it is decentralized currency and also untraceable. There is only a small fee per transaction depending upon size of transaction that is the only thing that will be deducted from total you send however it is cheapest fee in payment processor market right now.Yeah, it is decentralized and cannot be controlled by anyone so it doesn't have tax on it, we need to pay tax on the things that are regulated by the government, but bitcoin is free.
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??
No it doesn't have any tax as it is decentralized currency and also untraceable. There is only a small fee per transaction depending upon size of transaction that is the only thing that will be deducted from total you send however it is cheapest fee in payment processor market right now. 
There is no tax imposed on bitcoin. Some countries have strict regulations which are just to reduce the use of bitcoin. Tax issues has not arise yet just because bitcoin is decentralized.
I have not heard about any tax on bitcoin so far and i do not expect it in future as well but in certain countreis because of their own regulations cant predict if they might impose some unnecessary tax on bitcoin but in most parts of the world there is no tax on bitcoin recently. 
Depending on where you live and what you earn with bitcoins, you have pay taxes to the government.
But thats not just because its Bitcoin, this will be the same for every currency.
But thats not just because its Bitcoin, this will be the same for every currency.
No, because most people have the opportunity to hide their coins unless they use to convert it to fiat...
Else, if they use their BTC online only and buy stuffs here and give BTC for the same, then I don't think anyone will ever know about your coins...
No tax and I hope it stay as it is but I think it won't be taxed as there's no governing body to see things through.
Yes, bitcoin is a crypto currency and it can not be tracked how much bitcoins you are holding by any Government or Organization that makes it not fall in the tax category. I feel it is a big advantage to me.
In my country still their is no detail on Bitcoin, so their is not tax still on Bitcoin, if i want to show the profit and loss then it will be as unsecured profit or loss. Other country taxation is how dont know about it.
Taxation will not work good in bitcoin thats why many companies are not accepting bitcoin as standard currency. Government can't hide anything like fiat.
No tax and I hope it stay as it is but I think it won't be taxed as there's no governing body to see things through.
Yes, bitcoin is a crypto currency and it can not be tracked how much bitcoins you are holding by any Government or Organization that makes it not fall in the tax category. I feel it is a big advantage to me.Agreed. We should have the right to privacy. On the other hand the government hates not being in control of everything.
No tax and I hope it stay as it is but I think it won't be taxed as there's no governing body to see things through.
Yes, bitcoin is a crypto currency and it can not be tracked how much bitcoins you are holding by any Government or Organization that makes it not fall in the tax category. I feel it is a big advantage to me.Jump to: