Topic: How do I avoid tax on crypto - page 7. (Read 18699 times)
my country is not taxed on crypto money.but I think it will come to tax.then I have to make a lot of money until then..
If I make money on crypto currencies. How do I avoid as much tax as possible?
If your government did not legalize bitcoin than you're lucky enough because you can earn bitcoin without paying the tax.
But if your government legalize bitcoin already than you must to pay and can't evade. Just take a look on positive side, if government legalize bitcoin, it means that bitcoin's demand increase !
If I make money on crypto currencies. How do I avoid as much tax as possible?
Sounds like you are belong in a country right now where the government was legalized the cryptocurrency to circulate it in your place. That is why you do not have a choice to keep yourself away from that system and so you should obey the rules, and I think you should be thankful because your country legalize Cryptos this will helps you and the others for your legal protection purposes unlike the others which never have an experience because their government banned the cryptocurrency. If I make money on crypto currencies. How do I avoid as much tax as possible?
It would be better for you not to avoid paying tax if you are making money out bitcoin because it will cause much trouble. Tax is required and its in the law no matter how we say that bitcoin is decentralize and it was created because of the financial issues we are facing still we have to obey the law. But I think we can still demand fair taxing system in case they became unreasonable on their decisions.
Lol, the tax system has been unfair for decades, and you think we have even a slight chance of changing that? If there is one thing that we have seen become reality, then it's the fact that the tax rates have only increased.In no shape or form will people be able to demand anything from the government. Instead, it's the government that demands us to abide by all their ridiculous tax rates, which should be clear by now.
The only thing we are good for, is being used as cash cow for the government, and in case we're trying to avoid being a cash cow, the government will come after you and milk the money out of you, that's how it goes.
You can start speaking against it. It's already a beginning.
In my country things reached too far until people started seeing how harmful is to be a pacific sheep being guided by wolves directly to the slaughtery. People accepted more and more taxes without resistance and without quality services being offered for too long. And now it's ridiculous to see a country with one of the biggest tax burden of the world broken!
Once people acquire conscience about what is happening on their own countries and start speaking out about it, things will start improving.
It's indeed worthless and that is the conscience people here are acquiring. Now they are seeing the abuse the local government is committing since a long time ago and how useless are the taxes as there aren't decent services in return and all we see is mockery and corruption. It's a slow process, but at least it's happening.
I'm not saying people want to live in an anarchy, without paying anything, but they want to pay less, because as it is now it's abusive and when we talk about Crypto-Currency it makes no sense to pay taxes for this... On the other hand, there are always these people who just want to frighten those who are unsatisfied and seeking for changes, saying: Nothing can be done, you will be arrested, it won't end good for you...
But no one is saying about violate the rules, but to change them to make it fair for all parts.
About corrupt countries, it's indeed very frustrating to not be in sintony with our countrymen. Sometimes seems we are swimming against the tide and that nothing will happen as most people are alienated and following previous patterns that just make the system's maintenance. But it's important to always keep some hope inside our hearts, because without hope we become bitter and it just bring negative effects over us along the time...
Exactly. We citizens are powerless when governments try to interfere anything and all we could do is to follow. But I think we can still demand fair taxing system in case they became unreasonable on their decisions.
How could someone powerless demand to the government when it comes to taxation? Just pay off your taxes and you will be flee from those interference. Tax is the blood of the government and every single citizen that has a source of living needs to pay off unless he's exempted.
Just pay taxes and declare how much you've earned so you won't think crazily on how to avoid it.
But I think we can still demand fair taxing system in case they became unreasonable on their decisions.
Lol, the tax system has been unfair for decades, and you think we have even a slight chance of changing that? If there is one thing that we have seen become reality, then it's the fact that the tax rates have only increased.In no shape or form will people be able to demand anything from the government. Instead, it's the government that demands us to abide by all their ridiculous tax rates, which should be clear by now.
The only thing we are good for, is being used as cash cow for the government, and in case we're trying to avoid being a cash cow, the government will come after you and milk the money out of you, that's how it goes.
You can start speaking against it. It's already a beginning.
In my country things reached too far until people started seeing how harmful is to be a pacific sheep being guided by wolves directly to the slaughtery. People accepted more and more taxes without resistance and without quality services being offered for too long. And now it's ridiculous to see a country with one of the biggest tax burden of the world broken!
Once people acquire conscience about what is happening on their own countries and start speaking out about it, things will start improving.
But I think we can still demand fair taxing system in case they became unreasonable on their decisions.
Lol, the tax system has been unfair for decades, and you think we have even a slight chance of changing that? If there is one thing that we have seen become reality, then it's the fact that the tax rates have only increased.In no shape or form will people be able to demand anything from the government. Instead, it's the government that demands us to abide by all their ridiculous tax rates, which should be clear by now.
The only thing we are good for, is being used as cash cow for the government, and in case we're trying to avoid being a cash cow, the government will come after you and milk the money out of you, that's how it goes.
You can start speaking against it. It's already a beginning.
In my country things reached too far until people started seeing how harmful is to be a pacific sheep being guided by wolves directly to the slaughtery. People accepted more and more taxes without resistance and without quality services being offered for too long. And now it's ridiculous to see a country with one of the biggest tax burden of the world broken!
Once people acquire conscience about what is happening on their own countries and start speaking out about it, things will start improving.
If you want to play fair just pay the tax , even if you pay tax probably you will be still in profit. But if you really don't wanna pay tax , try sell bitcoin on street. Find on your local forum someone who want to buy bitcoin and you meet him in coffee shop , he give you money and you send him bitcoin. That is how I did once.
But I think we can still demand fair taxing system in case they became unreasonable on their decisions.
Lol, the tax system has been unfair for decades, and you think we have even a slight chance of changing that? If there is one thing that we have seen become reality, then it's the fact that the tax rates have only increased.In no shape or form will people be able to demand anything from the government. Instead, it's the government that demands us to abide by all their ridiculous tax rates, which should be clear by now.
The only thing we are good for, is being used as cash cow for the government, and in case we're trying to avoid being a cash cow, the government will come after you and milk the money out of you, that's how it goes.
But I think we can still demand fair taxing system in case they became unreasonable on their decisions.
Lol, the tax system has been unfair for decades, and you think we have even a slight chance of changing that? If there is one thing that we have seen become reality, then it's the fact that the tax rates have only increased.In no shape or form will people be able to demand anything from the government. Instead, it's the government that demands us to abide by all their ridiculous tax rates, which should be clear by now.
The only thing we are good for, is being used as cash cow for the government, and in case we're trying to avoid being a cash cow, the government will come after you and milk the money out of you, that's how it goes.
If I make money on crypto currencies. How do I avoid as much tax as possible?
First of all why do we think in negative directions and why we need to save our money by violating the government laws. Government has made the rules for the benefit of the community and country and we should follow it.
If you make money and your government has certain tax slabs you should pay it , rather than to avoid them.
Actually , you dont. You cannot escape government and their rules. The best you can do is not declare your profit to avoid getting taxed but i think you know the consequences. Taxes went to different government projects so for me thats okay. On the other hand, some government officials takes an advantage to this system but this will not the reason to blame them all.
Exactly. We citizens are powerless when governments try to interfere anything and all we could do is to follow. But I think we can still demand fair taxing system in case they became unreasonable on their decisions.
If I make money on crypto currencies. How do I avoid as much tax as possible?
only people who have no great responsibility ,, if escaped from reality, avoid taxes is the wrong person.But right now, we will not pay taxes, because the government has not cooperated with bitcoin.
crypto, is digital money ,, it makes sense if there should be taxes.
Actually , you dont. You cannot escape government and their rules. The best you can do is not declare your profit to avoid getting taxed but i think you know the consequences. Taxes went to different government projects so for me thats okay. On the other hand, some government officials takes an advantage to this system but this will not the reason to blame them all.
Why do some people here think that the government is a leech trying to sip a part of your money? To my understanding no one is exempted from paying taxes and all of the citizens whether you are a government official or a normal citizen or even a juridical person you must pay your taxes.
Or maybe I am missing out something?
That the concept of Anonymous Currency in Bitcoin make us think that we are exempted or it must be used to take advantage of the government. Well if that is the case then this might be the root of the problem where a lot of us think that earning Bitcoin make us exempted from paying our taxes.
Or maybe I am missing out something?
That the concept of Anonymous Currency in Bitcoin make us think that we are exempted or it must be used to take advantage of the government. Well if that is the case then this might be the root of the problem where a lot of us think that earning Bitcoin make us exempted from paying our taxes.
You think that the people are taking advantage of the government by not paying taxes. I think that the government is taking advantage of the people by making them pay high taxes, too high to be called just and fair. If Someone calls himself your master, tells you to share half of your money with him and threatens to chain you up if you don't, it's rather unfair. If you hide some of your money so that the master doesn't get what he demands it's you that is taking advantage of him. Is that it?
If cryptocurrency is legalized then we are entitle to pay for taxes. Why do we have to avoid taxes? Otherwise the government might seriously ban cryptocurrency then. As of the moment, in my country taxes are not imposed yet. I can’t say bitcoin or other cryptocurrency is Legal already here but so far i did not heard any violent reaction from the government in my country yet, just not yet.
Well who is happy in tax? Well, I thought no one is happy either. We are all not happy it is just that we don't have any choice but it is okay because it is for the security of our government. Let us be honest, although there are many corrupt politicians there are still something that made us proud to become part of that certain country.
Some people might see tax as a waste of money because of corrupt politicians but I'm proud to say that I am a product of a tax, and because of that I got my degree. Yes, we pay too much on tax but try to think the good thing that can happen because of that. Though currently here in my place I'm not paying any taxes but I think it will happen soon and no one can avoid that.
It's not about being slave. It's about being within the system and that is in existence and still being profitable. If I try to be rebellious, the government will simply put me behind the bars. It's too hard for an individual to go against government. Instead it is always better to find a solution. I pay taxes from my profits and keep the rest of it. Both are happy. That should be the conclusion. Government is certainly not taking up 100% of my profits as taxes. It will be a certain percentage and I get to keep the maximum portion of it. That's it! The way you are pointing towards things, it will make 100% of the world population looks like slaves only.
What if the both aren't happy, because I'm not happy sharing half of my profits with a leech that isn't helping me earn it in any way.
Following your logic if a mosquito sits on your hand you should let it drink. It's not hurting you much, he's not taking 100%, right? It's better solution than having to wave your hand around trying to make it go away. Once it's full it will fly away on its own, never to bother you again.
Or maybe I am missing out something?
That the concept of Anonymous Currency in Bitcoin make us think that we are exempted or it must be used to take advantage of the government. Well if that is the case then this might be the root of the problem where a lot of us think that earning Bitcoin make us exempted from paying our taxes.
It's not about being slave. It's about being within the system and that is in existence and still being profitable. If I try to be rebellious, the government will simply put me behind the bars. It's too hard for an individual to go against government. Instead it is always better to find a solution. I pay taxes from my profits and keep the rest of it. Both are happy. That should be the conclusion. Government is certainly not taking up 100% of my profits as taxes. It will be a certain percentage and I get to keep the maximum portion of it. That's it! The way you are pointing towards things, it will make 100% of the world population looks like slaves only.
What if the both aren't happy, because I'm not happy sharing half of my profits with a leech that isn't helping me earn it in any way.
Following your logic if a mosquito sits on your hand you should let it drink. It's not hurting you much, he's not taking 100%, right? It's better solution than having to wave your hand around trying to make it go away. Once it's full it will fly away on its own, never to bother you again.
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