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Topic: Do I really have to pay taxes on crypto investments? - page 21. (Read 2483 times)

newbie
Activity: 27
Merit: 0
Legislators are not stupid, I have my own theory: they are just smart, because they allow people to survive by creating holes for avoiding taxes.
you really assume that they intentionally made “holes” in their guides? I doubt that since many entrepreneurs received heavy fines for using these “holes”.
tax rules provide many opportunities for the survival of small entrepreneurs who provide services. But it opens a huge hole for tax optimization of the existing business. In terms of benefits for small businesses - this is a plus. In terms of tax collection, this is a failure.
You substitute terms in the dialogue, calling the possible increase in taxes a consequence.
newbie
Activity: 112
Merit: 0
Legislators are not stupid, I have my own theory: they are just smart, because they allow people to survive by creating holes for avoiding taxes.
you really assume that they intentionally made “holes” in their guides? I doubt that since many entrepreneurs received heavy fines for using these “holes”.
tax rules provide many opportunities for the survival of small entrepreneurs who provide services. But it opens a huge hole for tax optimization of the existing business. In terms of benefits for small businesses - this is a plus. In terms of tax collection, this is a failure.
newbie
Activity: 27
Merit: 0
Legislators are not stupid, I have my own theory: they are just smart, because they allow people to survive by creating holes for avoiding taxes.
you really assume that they intentionally made “holes” in their guides? I doubt that since many entrepreneurs received heavy fines for using these “holes”.
newbie
Activity: 98
Merit: 0
Legislators are not stupid, I have my own theory: they are just smart, because they allow people to survive by creating holes for avoiding taxes.
newbie
Activity: 140
Merit: 0
Member
Today, a tax rate can be one, and tomorrow - completely different one. And if something new comes to the minds of lawmakers, then another fee will be added. Now it seems like a bad decision, but what happens if all these pilot experiments show good results? what if crypto can be used on the government level in the future and all turns out better ??
so far, it can change at any time. and we cannot predict the future. maybe crypto has no future.
since the IRS has no understanding of what a hard fork is and what an airdrop is I have deep doubts about their competence and the rules the are setting up. But this is not the reason for avoiding taxes.
I understand the possible consequences clearly. if I don’t report them now, over time I will receive one of their “love letters”.
newbie
Activity: 112
Merit: 0
Today, a tax rate can be one, and tomorrow - completely different one. And if something new comes to the minds of lawmakers, then another fee will be added. Now it seems like a bad decision, but what happens if all these pilot experiments show good results? what if crypto can be used on the government level in the future and all turns out better ??
so far, it can change at any time. and we cannot predict the future. maybe crypto has no future.
since the IRS has no understanding of what a hard fork is and what an airdrop is I have deep doubts about their competence and the rules the are setting up. But this is not the reason for avoiding taxes.
newbie
Activity: 140
Merit: 0
Member
Today, a tax rate can be one, and tomorrow - completely different one. And if something new comes to the minds of lawmakers, then another fee will be added. Now it seems like a bad decision, but what happens if all these pilot experiments show good results? what if crypto can be used on the government level in the future and all turns out better ??
so far, it can change at any time. and we cannot predict the future. maybe crypto has no future.
newbie
Activity: 140
Merit: 0
Today, a tax rate can be one, and tomorrow - completely different one. And if something new comes to the minds of lawmakers, then another fee will be added. Now it seems like a bad decision, but what happens if all these pilot experiments show good results? what if crypto can be used on the government level in the future and all turns out better ??
newbie
Activity: 27
Merit: 0
I used to think that crypto should be tax-free. It was like ten years ago, when I bought my first batch of coins. but now, I see it all came too far. there are thousands of crypto projects, big part of which are scam. you want some protection of your assets? great, you have it, put be so nice and pay your taxes!
if you wish, you can search for countries where there are smaller taxes. it is the law now - using crypto you are obligated to pay taxes. other choices are fines or jail.
I'm sure that very few people associated with cryptocurrencies will go to court in any tax related situations.
newbie
Activity: 98
Merit: 0
I used to think that crypto should be tax-free. It was like ten years ago, when I bought my first batch of coins. but now, I see it all came too far. there are thousands of crypto projects, big part of which are scam. you want some protection of your assets? great, you have it, put be so nice and pay your taxes!
if you wish, you can search for countries where there are smaller taxes. it is the law now - using crypto you are obligated to pay taxes. other choices are fines or jail.
newbie
Activity: 27
Merit: 0
I used to think that crypto should be tax-free. It was like ten years ago, when I bought my first batch of coins. but now, I see it all came too far. there are thousands of crypto projects, big part of which are scam. you want some protection of your assets? great, you have it, put be so nice and pay your taxes!
newbie
Activity: 112
Merit: 0
all these crypto tax filing and calculating giving me a headache. I should switch to the countries where there is no taxes levied on cryptocurrencies Smiley
I don't have much confidence in such a lack of tax regulation;) As far as I am familiar with the practice of adopting such laws, a database can be collected in advance, and then a tax appears, and its effect will also apply to old operations. Therefore, for large and permanent exchanges, I would choose a country with more loyal legislation, and most importantly, with a consistent government.
This is not only about our country. In many countries, the tax is paid on fiat withdrawal, and the crypto is not taxed. The law cannot be retroactive.
we have a very lenient legislation and tax rates.
Germany has a lenient crypto tax system. At least they dont tax transactions under $ 300. I bought like $ 200 worth of crypto, lost half of it and with another half im gonna have to pay for taxes ... where do you see loyalty in this?
you should figure out a way of reducing the tax bill.maybe tax-loss harvesting ?? here’s a good info on that: https://zenledger.io/tax-loss-harvesting/
newbie
Activity: 140
Merit: 0
all these crypto tax filing and calculating giving me a headache. I should switch to the countries where there is no taxes levied on cryptocurrencies Smiley
I don't have much confidence in such a lack of tax regulation;) As far as I am familiar with the practice of adopting such laws, a database can be collected in advance, and then a tax appears, and its effect will also apply to old operations. Therefore, for large and permanent exchanges, I would choose a country with more loyal legislation, and most importantly, with a consistent government.
This is not only about our country. In many countries, the tax is paid on fiat withdrawal, and the crypto is not taxed. The law cannot be retroactive.
we have a very lenient legislation and tax rates.
Germany has a lenient crypto tax system. At least they dont tax transactions under $ 300. I bought like $ 200 worth of crypto, lost half of it and with another half im gonna have to pay for taxes ... where do you see loyalty in this?
newbie
Activity: 112
Merit: 0
all these crypto tax filing and calculating giving me a headache. I should switch to the countries where there is no taxes levied on cryptocurrencies Smiley
I don't have much confidence in such a lack of tax regulation;) As far as I am familiar with the practice of adopting such laws, a database can be collected in advance, and then a tax appears, and its effect will also apply to old operations. Therefore, for large and permanent exchanges, I would choose a country with more loyal legislation, and most importantly, with a consistent government.
This is not only about our country. In many countries, the tax is paid on fiat withdrawal, and the crypto is not taxed. The law cannot be retroactive.
we have a very lenient legislation and tax rates.
newbie
Activity: 98
Merit: 0
all these crypto tax filing and calculating giving me a headache. I should switch to the countries where there is no taxes levied on cryptocurrencies Smiley
I don't have much confidence in such a lack of tax regulation;) As far as I am familiar with the practice of adopting such laws, a database can be collected in advance, and then a tax appears, and its effect will also apply to old operations. Therefore, for large and permanent exchanges, I would choose a country with more loyal legislation, and most importantly, with a consistent government.
This is not only about our country. In many countries, the tax is paid on fiat withdrawal, and the crypto is not taxed. The law cannot be retroactive.
newbie
Activity: 27
Merit: 0
all these crypto tax filing and calculating giving me a headache. I should switch to the countries where there is no taxes levied on cryptocurrencies Smiley
I don't have much confidence in such a lack of tax regulation;) As far as I am familiar with the practice of adopting such laws, a database can be collected in advance, and then a tax appears, and its effect will also apply to old operations. Therefore, for large and permanent exchanges, I would choose a country with more loyal legislation, and most importantly, with a consistent government.
newbie
Activity: 140
Merit: 0
all these crypto tax filing and calculating giving me a headache. I should switch to the countries where there is no taxes levied on cryptocurrencies Smiley
newbie
Activity: 27
Merit: 0
Wait a minute, it means that the owners of this coin are financially motivated to actively contribute to the spread of the virus. Smells like terrorist financing.
newbie
Activity: 98
Merit: 0
“the more people get sick or die, the higher the value of the currency” - WTF? It's hard to find words without swearing ... it's somebody’s sick fantasy
Brilliant. And when we all die - the value of this currency will go to infinity. But who will care?
its just a stupid hype
newbie
Activity: 140
Merit: 0
Member
“the more people get sick or die, the higher the value of the currency” - WTF? It's hard to find words without swearing ... it's somebody’s sick fantasy
Brilliant. And when we all die - the value of this currency will go to infinity. But who will care?
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