Topic: Get ready for more tax. Save your BTC! - page 2. (Read 1107 times)

I think they must focus in Online businesses that can barely received taxation because they are the one who's getting more profit now while saving from taxes just like now me and my family are ordering too many foods and items over online seller but they are not regulated by the laws.

I know that this must be implemented for the reason that government needs income now but this must be according to the deserving businesses .

or better evaluate all the establishments and give necessary increase depend on their profiteering now.

Put taxes to:

- Canned Goods since they are in demand now but for manufacturer only and don't put in consumer as they can at least give a little favor to the much needed

and other businesses near this example.

-

Don't imagine, you have no imagination.
I paid income tax in 1997 and the years prior.
I'm proud to say I'm financially independent, without any need for public help. The world would be a better place if everybody was like me.

No, I just want to say that being a group of researchers from a NASA has a lot of state money. They will never collect them via fundraising. That’s why government researchers are richer than a group of independent young scientists. The fact is that research is not always successful the first time and the most "terrible" state forgives mistakes when private investors can just put you in jail for the fact that their money did not pay off.
But very few countries from the "first world" or "developing" can live only on tourist and resource income. You can't just pump oil and Venezuela has shown us this. Taxes on ordinary people and companies make up the big share of budget revenues.

I just want to say that any statement similar to the beginning of this thread is the statement of either a not very smart person or a very young (and also not smart) person. The economic life of the state is much more complicated than people often think. And then these people are crying that the state does not give them anything and blames gov for all the troubles.

They can raise taxes but it should be properly evaluated, and it should be a justified rate that people in the middle and especially in the lower classes can still live a quality life, that's their job, people have already suffered due to the increasing unemployment rate, they don't want to add more burden to the people.

This I have to agree with, although I have long accepted that I cannot decide where the taxes go and how they are spendt so it's fine.

Are you trying to say that taxes are the only way of financing research?
What about donations, fundraising and all that stuff?

Does that mean state-owned research facilities are the only ones in existence?
What about private institutes, private universities.

The government has money from many sources not only from taxation. Many countries make most of their money from trading natural resources and tourism.

Financial crises inevitably lead to higher taxes. The economy of a state is a fairly complex system and everything in it is interdependent. You need to become more economical in this difficult time and try to increase your income. And remember, what you economized, you actually earned it. 

despite that, I think next year will be the year of suffering if people will not be conditioned to live with it as the economy continue to suffer in different parts of the world tax will not be the only issue we have to expect more.

Another problem that people have with taxes is that the majority of that money goes to make the government bigger and more intrusive and not to fixing the problems of the country, in my country the government is huge and ask a lot of money from the taxpayers and a significant amount of that money goes to pay the employees of the government, when I am sure that the government could function with only 10% of that personal and no one will notice a decrease on the quality of the services offered.

I'm sorry I made a wrong statement here and I want to rephrase. I meant that if a person does not pay taxes , then he does not have any moral right to talk about where taxes go/what they are made of/etc. You do not pay taxes-OK.  But then do not tell everyone around that taxes are very bad and that we all need to stop paying them abruptly and go to the gray/black areas.

I just want to remind you that many of the things that we are now using were created initially in research centers/institutes/on the basis of universities - and all these things were conceived specifically for military, intelligence and other "army" purposes. With whose money? With the state's money. Where did the money come from? From taxpayers. Consider that taxes are a kind of hub for financing the necessary (not always but necessary) things.
Just remember where the Internet came from and why we are communicating here now.

Baseless assumption. Do you always label people like that?

You don't work as a mechanic so you don't know where cars come from.
You don't have a cow so you can't possibly know how milk is made.


That's what they want you to believe.

As I haven't paid any income tax since 1997
You are 22-23 years old and you are unemployed, am I understand correctly?
For example:
- everyone in the country is getting sick
- the country begins to have problems with financing the health system
- the gov starts having problems with assistance to victims
- the gov of the country begins to have problems with money because the gov uses money to cure everyone
If you didn't pay taxes, you probably don't know where they come from. People pay taxes to the state so that the state can function on these taxes, provide people with goods and everything in this spirit.
If the money runs out and they are needed - gov will print (the printer makes brrrrr) more money to help their own citizens.
Citizens who feel the support of the state understand that all this is done on their taxes (they did not pay them for nothing) and they are at least a little but still morally ready for the fact that now the crisis will begin (has already begun) and they will have to tighten their belts.

We print money after which we recover and start to get out of the crisis (very rough chain but you understand me). If we decide to raise taxes - then we start with the strongest and put on the shoulders of our giants some obligations to help us (in the future it will pay off) and so to the very bottom and it is not a fact that we will get to the bottom.
It takes some time for us to get out of the crisis and then reduce taxes by the previous amount or even less because the time after the crisis is a time of rapid recovery and development.
Question - what is wrong here and why do you not pay taxes at the age of 22-23? If you do not pay then you do not have a moral right to any public goods that everyone else has a right to.
/thread

If the government raises taxes, it will simply destroy the economy. The business has suffered very large losses as a result of the quarantine and it will take a long time to recover to the level it was previously. The government's task in such circumstances is to help business, not finish it off.

The bitcoin dealings should be reported in Schedule which is an attachment of form it. Depending upon the type of dealing which decides the type of income from cryptocurrency ordinary income or capital gain the income should be reported under the correct head in the appropriate columns of the form. If you aren't withdrawing, selling, or trading any funds, then there is no need to declare your cryptocurrency as part of your tax return.

Taxes are not really a bad thing normally, it is the humanity and culture we live in. In many countries the culture is that taxes do not really go into your pocket back right away and there are cuts in between due to corruption and I don't know how it became something we as a whole world decided is fine. Do you really think that every single cent you pay go back into helping you out back?

I mean I know you know there are a lot of times the money you pay as taxes goes into stuff that hurts you like bribes and corruption and so forth that helps out certain people and not the country as a whole. If we could stop that, find a way that corruption stops and all taxes goes to helping people, I am 100% sure you would be fine with taxes and would be even more willing to pay it.

When the government regulate, it is not only limited to bitcoin but the general market which is the crypto.

here (https://news.bitcoin.com/48-cryptocurrency-exchanges-philippines/) we can see that 48 crypto exchanges approved in the Philippines, that pretty much explain that it's legal in your country.

The government's fiscal policy aims to save demand. But it is less effective considering its orientation is not in the industrial or business sector and labor which is the main source of demand.

A decrease in state revenue due to a decrease in tax revenue accompanied by an increase in spending and it is not impossible for an increase in financing to cause a budget deficit. But on the other hand, the government is required to guarantee a social safety net. But keep in mind that a deficit below 3% is a major factor in economic safety. Too extreme opening the public budget tap the impact is very terrible.

But stimulus policies have many limitations to overcome exogenous shocks. The stimulus is oriented towards accounting balance. The industrial tax stimulus borne by the government is only tax expenditure in lieu of tax revenue. Although it helps what is needed by the industrial sector is saving demand from the macroeconomic side.

The stimulus orientation is small and medium enterprises affected by corona, but the distribution of these stimuli requires collateral with a credit mechanism. The financial deepening will not be achieved in this condition. In addition, the stimulus is oriented towards increasing import and export trade, even though other countries are still closing their imports or exports. Whereas the industrially oriented stimulus needed to avoid mass layoffs

Though Bitcoins are not regulated in the Philippines there are these applications that we use to transfer and use bitcoins efficiently which has fees. But seldomly some movements are free from taxes. Still lot of areas here does not know about bitcoins. Anonymously, no one knows who uses them.
Our country is an archipelaho which is know for its thousand island, maybe somehow it affects its promotion.
I do emphatise with those who have taxes regarding cryptos.

Governments all around the world have run deficits for decades and they do not really care at all about raising taxes because that is really unpopular, what they are doing is just printing money because it is an invisible tax that even if it is eventually felt by everyone it is nowhere near as unpopular as raising taxes outright, also it is way more likely that governments are more worried about trying to get the economy back on track and to keep it growing and new and higher taxes will be detrimental for the economy.

I agree with you that the government will not increase taxes, because in these conditions, businesses and people are experiencing difficulties in making a profit. Therefore, the only possibility that will allow the government to level the budget is the release of new money into circulation. But this will lead the economy to inflation.

It is not correct to increase taxes in order to stabilize the economy.
This is going to decrease the consuming power of citizens and it might bring more economic downturn eventually.
Governments need to announce ways of investing money to the real economy in order to push the GDP higher.