As I haven't paid any income tax since 1997, that's all right with me, but I urge all fellow Bitcoiners to organize themselves, and to plan ahead to avoid the worst...
Or could I be wrong? There will be no more taxes next year?
Topic: Get ready for more tax. Save your BTC! - page 7. (Read 1146 times)
As I haven't paid any income tax since 1997, that's all right with me, but I urge all fellow Bitcoiners to organize themselves, and to plan ahead to avoid the worst...
Or could I be wrong? There will be no more taxes next year?
The government has no choice but to spend, we are just happy now that we receive some allowance from them but we did not realize that it will be taken unto us slowly, it's correct, they'll get it from our taxes and that's the sad reality.
Luckily, my business is not registered so I don't have to pay taxes, but in some way like Value added tax in our country, you pay taxes when you buy foods so everyone will be affected as the price of our basic needs will eventually increase due to the tax attach from it.
Luckily, my business is not registered so I don't have to pay taxes, but in some way like Value added tax in our country, you pay taxes when you buy foods so everyone will be affected as the price of our basic needs will eventually increase due to the tax attach from it.
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I hope that my government is not thinking about applying tax for the cryptocurrency user as they are still busy to handle this pandemic. Maybe they will use the tax in the next year or a few years later for the crypto user after this pandemic end so they can regulate some tax for the cryptocurrency. But I don't know about the other country, but if this pandemic is not over yet, then the government will not apply the tax, or even they will give a discount for their citizen to pay the tax.
I expect capital gains taxes, the most relevant to Bitcoin fans in many places, to be cranked up.
To the average broke person it's a tax they'll never pay and certainly won't care if the better off are hit with it. They will perceive it as unearned money so it'll be neutral enough to the average voter.
Not sure how the properly rich will avoid it but as ever there'll be a way.
Governments will be desperate to keep spending going so straightforward tax rises on income or goods are less likely.
To the average broke person it's a tax they'll never pay and certainly won't care if the better off are hit with it. They will perceive it as unearned money so it'll be neutral enough to the average voter.
Not sure how the properly rich will avoid it but as ever there'll be a way.
Governments will be desperate to keep spending going so straightforward tax rises on income or goods are less likely.
I think the government with crashing economy has only 2 option for imposing taxes after the pandemic crisis, It's either they will issue an increase in taxes for the economy to quickly recover or they will stick on their taxes percentage like before the pandemic came but the economy will recover slower. Besides, if workers will pay for more taxes, let's say half of their wages are going to be in taxes, they will surely complain for it.
The government will start to save by that time, exports will be limited to necessary products only, domestic products will be fully consumed, by doing this the government's expenses will be lessen.
The government will start to save by that time, exports will be limited to necessary products only, domestic products will be fully consumed, by doing this the government's expenses will be lessen.
I tend to agree that after this lockdown or quarantine when things are back to normal there might be changes on tax where government's fund is coming from. During this period where the government is spending much of their funds to help everyone that is affected by the lockdown then after this crisis, they need to bounce back and the first thing that they will think in how they can recover again is through taxes.
Probably there is an increase on the tax that they'll be charging for faster recovery anyway after the quarantine everyone will work hard to gain higher earnings though changes on tax might hurt it will still be the only way for us to help our government besides they help us as well during the lockdown just try to think that you are only returning the help they gave you when you needed them.
Bitcoins somehow may not be affected directly for it is decentralized however using it for commodities will still be the same as buying an item with the higher tax you will still be charged for the same amount the already includes the tax. Hopefully when the election comes people will be wiser in choosing the next one since we have already tried those politicians during the crisis.
Probably there is an increase on the tax that they'll be charging for faster recovery anyway after the quarantine everyone will work hard to gain higher earnings though changes on tax might hurt it will still be the only way for us to help our government besides they help us as well during the lockdown just try to think that you are only returning the help they gave you when you needed them.
Bitcoins somehow may not be affected directly for it is decentralized however using it for commodities will still be the same as buying an item with the higher tax you will still be charged for the same amount the already includes the tax. Hopefully when the election comes people will be wiser in choosing the next one since we have already tried those politicians during the crisis.
I don't think raising taxes is not a policy that will be taken by the government after the pandemic. Precisely after the pandemic effect in conditions of recession, depression or great depression (depending on the time of the completion of a pandemic in a country), the government will boost consumption with a lot of fiscal and monetary stimulus, given the export and import markets have not been active due to disruption of the global supply chain due to corona pandemic alternation between countries.
The country will focus on domestic consumption, both in terms of meeting supply and increasing demand curves. Maintaining investment in bitcoin is the right choice now from the point of view of investment but on the basis of humanity and togetherness, we must also set aside a budget for investment in the real sector so that the economy can turn back. Small rounds in large numbers will push a bigger rotation and the economy back on its axis.
The country will focus on domestic consumption, both in terms of meeting supply and increasing demand curves. Maintaining investment in bitcoin is the right choice now from the point of view of investment but on the basis of humanity and togetherness, we must also set aside a budget for investment in the real sector so that the economy can turn back. Small rounds in large numbers will push a bigger rotation and the economy back on its axis.
Who would doubt that something like this would come up.
In most countries, governments will have no other choice but to raise taxes. They will have to be smart to avoid killing the economy, but they will need to bring more money to balance their budget (or more likely to reduce their operating deficit).
As I haven't paid any income tax since 1997, that's all right with me, but I urge all fellow Bitcoiners to organize themselves, and to plan ahead to avoid the worst...
Or could I be wrong? There will be no more taxes next year?
As I haven't paid any income tax since 1997, that's all right with me, but I urge all fellow Bitcoiners to organize themselves, and to plan ahead to avoid the worst...
Or could I be wrong? There will be no more taxes next year?
The Fed chairman says now is not the time to worry about the national debt. Trump wants to cut even more taxes in the next stimulus bill. So we should probably expect the deficit to widen for a while.
If Trump gets re-elected, no way taxes go up next year for Americans.
Money printing,negative interest rates and quantitative easing will continue forever,because the economies are now addicted to fresh fiat money and low interest rates.
Sounds really sustainable.
And how you are suggesting to avoid taxation? Fake kyc on exchanges? Never convert crypto to fiat?
Nah,I think that the governments will choose the "inflation tax" rather than rising the real taxes.
Money printing,negative interest rates and quantitative easing will continue forever,because the economies are now addicted to fresh fiat money and low interest rates.Raising all taxes will kill the potential recovery from the corona recession.
Anyway,there's a possibility for the governments to raise and impose new taxes over the cryptocurrency world,because crypto users aren't that much and raising cryptocurrency taxes won't damage the "brick and mortar" economy,therefore it won't cause protests.
Money printing,negative interest rates and quantitative easing will continue forever,because the economies are now addicted to fresh fiat money and low interest rates.Raising all taxes will kill the potential recovery from the corona recession.
Anyway,there's a possibility for the governments to raise and impose new taxes over the cryptocurrency world,because crypto users aren't that much and raising cryptocurrency taxes won't damage the "brick and mortar" economy,therefore it won't cause protests.
We see it everywhere. To counter that coronavirus disaster, governments are spending money like there's no tomorrow. Budget's deficit will rise to new heights, never seen before except during war times. In US and EU, debts are staggering. The Federal Reserve and the European Central Bank are printing money faster that I'm writing it. If you ask what's next, I'm afraid there's only one answer.
In most countries, governments will have no other choice but to raise taxes. They will have to be smart to avoid killing the economy, but they will need to bring more money to balance their budget (or more likely to reduce their operating deficit).
As I haven't paid any income tax since 1997, that's all right with me, but I urge all fellow Bitcoiners to organize themselves, and to plan ahead to avoid the worst...
Or could I be wrong? There will be no more taxes next year?
In most countries, governments will have no other choice but to raise taxes. They will have to be smart to avoid killing the economy, but they will need to bring more money to balance their budget (or more likely to reduce their operating deficit).
As I haven't paid any income tax since 1997, that's all right with me, but I urge all fellow Bitcoiners to organize themselves, and to plan ahead to avoid the worst...
Or could I be wrong? There will be no more taxes next year?
eventually you're right, but in the next 1-2 years i think governments will be primarily concerned about getting economic growth back on track. they won't want to hamper that growth with tax hikes.
the push to austerity will vary from country to country. the USA can print a few trillion dollars without anyone caring, hence the stark difference between american and european stimulus packages. high debt-to-GDP countries like greece, italy, and portugal are more urgent concerns.
then again, the november election could shake things up. if democrats take control of the senate and/or presidency, i could see them repealing trump's $1.5 trillion tax cut passed a couple years ago.
We see it everywhere. To counter that coronavirus disaster, governments are spending money like there's no tomorrow. Budget's deficit will rise to new heights, never seen before except during war times. In US and EU, debts are staggering. The Federal Reserve and the European Central Bank are printing money faster that I'm writing it. If you ask what's next, I'm afraid there's only one answer.
In most countries, governments will have no other choice but to raise taxes. They will have to be smart to avoid killing the economy, but they will need to bring more money to balance their budget (or more likely to reduce their operating deficit).
As I haven't paid any income tax since 1997, that's all right with me, but I urge all fellow Bitcoiners to organize themselves, and to plan ahead to avoid the worst...
Or could I be wrong? There will be no more taxes next year?
In most countries, governments will have no other choice but to raise taxes. They will have to be smart to avoid killing the economy, but they will need to bring more money to balance their budget (or more likely to reduce their operating deficit).
As I haven't paid any income tax since 1997, that's all right with me, but I urge all fellow Bitcoiners to organize themselves, and to plan ahead to avoid the worst...
Or could I be wrong? There will be no more taxes next year?
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