Topic: Imposing tax on bitcoin - page 7. (Read 4443 times)
Imposing tax on bitcoin is almost impossible because it's something like private asset and government have nothing to do with it. We had mined and created bitcoin for us and here government doesn't have any role so why should we pay taxes.
They can decide all they want, taxing Bitcoin transactions isn't going to bag them much loot. Bitcoin users are into self-defense, that's the whole point of Bitcoin to begin with. Defending against the IRS (presumably using the NSA) snooping on Bitcoin transactions is trivial, in so many ways.
What if the Internal Revenue service of the US decided to tax bitcoin transactions, what would be the possible effects on its price and the bitcoin community. Will the other governments follow?
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