No, they aren't. If Bitcoin is not recognised as a currency by their government, it is like if they were trading with bottlecaps.
you are right that bitcoin is not recognised by any government but i hope it will be recognise in the future because bitcoin is going to more famous and i think if bitcoin recognise by government then it will be more stronger. 
Topic: Paying taxes on forum? (Read 2694 times)
Do you think that people who offer some services here on forum and make money from it (like exchangin Bitcoin, offering lending services, web design, translations etc.) are also obliged to report that to their local authorities and pay tax?
Nope, Bitcoin was not designed by the government so that the Government can not force their citizen to pay tax on it. In fact, you do not have to pay any tax ( excluding fees for miners) in order to use bitcoin. That's why many poor countries afraid of Bitcoin. They scare that bitcoin may effect a lot on the national situation as well as the Fiat. Therefore, Bitcoin is still being banned in many countries in the world I'd rather say that the majority of things were not designed by the government, even money itself was not their invention. Taxes are said to be intended to fund numerous public expenditures, allegedly for the common good. At least, that's what they say. But, like with the fractional reserve banking (a misnomer on its own) where banks don't actually need deposits to create debt, the government don't need taxes since it is the only entity which allowed itself to print money...
And fiat money is a tax in its own right already
Could you expand in greater detail on your disagreement with my point? It is not quite clear how exactly what you say challenges it. Yes, I agree hands down that money can be used (and is used, for that matter) to control population, to a certain degree, at least. But I don't really see how this contradicts what I say and whether it has anything to do with my dog. Or are you disagreeing just for the sake of stating your disagreement?
What exactly do you disagree with?
Do you think that people who offer some services here on forum and make money from it (like exchangin Bitcoin, offering lending services, web design, translations etc.) are also obliged to report that to their local authorities and pay tax?
Nope, Bitcoin was not designed by the government so that the Government can not force their citizen to pay tax on it. In fact, you do not have to pay any tax ( excluding fees for miners) in order to use bitcoin. That's why many poor countries afraid of Bitcoin. They scare that bitcoin may effect a lot on the national situation as well as the Fiat. Therefore, Bitcoin is still being banned in many countries in the world I'd rather say that the majority of things were not designed by the government, even money itself was not their invention. Taxes are said to be intended to fund numerous public expenditures, allegedly for the common good. At least, that's what they say. But, like with the fractional reserve banking (a misnomer on its own) where banks don't actually need deposits to create debt, the government don't need taxes since it is the only entity which allowed itself to print money...
And fiat money is a tax in its own right already
In my country it depends how much you earn from the things you offer here.
The work itself would not be taxed, but at the moment when you convert your coins into fiat, and that fiat shows up at your bank account, taxes would have to be paid on the selling of the coins.
But only if the amount accumulated in one year is above a certain level.
The work itself would not be taxed, but at the moment when you convert your coins into fiat, and that fiat shows up at your bank account, taxes would have to be paid on the selling of the coins.
But only if the amount accumulated in one year is above a certain level.
Oh, come on! Maybe, in very developed countries they should (but I don't think many people would do that) but as for most - I think they even can't. In my country we have a very strong burocratical system, so it would be to hard to do all the needed documents to give the government some taxes. Oh, and I think they won't accept them in Btc, so this is an additional problem.
Do you think that people who offer some services here on forum and make money from it (like exchangin Bitcoin, offering lending services, web design, translations etc.) are also obliged to report that to their local authorities and pay tax?
As long as you are earning money and you are honest, you will include it in your tax. But if you do not care about your government, you can receive and spend your online earnings without paying taxes.
Do you think that people who offer some services here on forum and make money from it (like exchangin Bitcoin, offering lending services, web design, translations etc.) are also obliged to report that to their local authorities and pay tax?
Nope, Bitcoin was not designed by the government so that the Government can not force their citizen to pay tax on it. In fact, you do not have to pay any tax ( excluding fees for miners) in order to use bitcoin. That's why many poor countries afraid of Bitcoin. They scare that bitcoin may effect a lot on the national situation as well as the Fiat. Therefore, Bitcoin is still being banned in many countries in the world I'd rather say that the majority of things were not designed by the government, even money itself was not their invention. Taxes are said to be intended to fund numerous public expenditures, allegedly for the common good. At least, that's what they say. But, like with the fractional reserve banking (a misnomer on its own) where banks don't actually need deposits to create debt, the government don't need taxes since it is the only entity which allowed itself to print money...
And fiat money is a tax in its own right already
Taxing us mean they are now recognizing btc as currency. 
People in the forum only earn few bucks a week, they can probably just ignore us. but they may be able to tax those exchanges after all they earn big, every transactions has a fee.
money is money and there's no point to ignore someone who can be taxed,if government really want to tax bitcoin users in the future,they seemed to tax any exchangers and merchants,even though an exchangers nowaday which officially recognised as a company already taxedPeople in the forum only earn few bucks a week, they can probably just ignore us. but they may be able to tax those exchanges after all they earn big, every transactions has a fee.
The government is already beginning an active interest in Bitcoin. So I would not be surprised if the tax will be introduced. But really I do not want this to happen
Taxing us mean they are now recognizing btc as currency.
People in the forum only earn few bucks a week, they can probably just ignore us. but they may be able to tax those exchanges after all they earn big, every transactions has a fee.
money is money and there's no point to ignore someone who can be taxed,if government really want to tax bitcoin users in the future,they seemed to tax any exchangers and merchants,even though an exchangers nowaday which officially recognised as a company already taxed People in the forum only earn few bucks a week, they can probably just ignore us. but they may be able to tax those exchanges after all they earn big, every transactions has a fee.
Do you think that people who offer some services here on forum and make money from it (like exchangin Bitcoin, offering lending services, web design, translations etc.) are also obliged to report that to their local authorities and pay tax?
Nope, Bitcoin was not designed by the government so that the Government can not force their citizen to pay tax on it. In fact, you do not have to pay any tax ( excluding fees for miners) in order to use bitcoin. That's why many poor countries afraid of Bitcoin. They scare that bitcoin may effect a lot on the national situation as well as the Fiat. Therefore, Bitcoin is still being banned in many countries in the world
Taxing us mean they are now recognizing btc as currency.
People in the forum only earn few bucks a week, they can probably just ignore us. but they may be able to tax those exchanges after all they earn big, every transactions has a fee.
People in the forum only earn few bucks a week, they can probably just ignore us. but they may be able to tax those exchanges after all they earn big, every transactions has a fee.
I believe that any taxes I should not have to pay on this forum. There is no law which would oblige me to do so. And if there is no law that I'm doing the right thing))
Same here, everyone earns bitcoins from this forum and i don't think everyone pays taxes to their government for doing that, i don't do that personally because bitcoins is not a legal currency yet in my country nor it is used by any authorities here so how would i just go to them and tell them that i'm earning this coin and i wanted to give tax, that would be a madness.
and I do not get on this board Bitcoins. Therefore, I will not pay anything. But even if received, the State would not be talking about this.
I believe that any taxes I should not have to pay on this forum. There is no law which would oblige me to do so. And if there is no law that I'm doing the right thing))
Same here, everyone earns bitcoins from this forum and i don't think everyone pays taxes to their government for doing that, i don't do that personally because bitcoins is not a legal currency yet in my country nor it is used by any authorities here so how would i just go to them and tell them that i'm earning this coin and i wanted to give tax, that would be a madness.
Do you think that people who offer some services here on forum and make money from it (like exchangin Bitcoin, offering lending services, web design, translations etc.) are also obliged to report that to their local authorities and pay tax?
These are private deals and I don't think that every one should pay taxes, what about if someone earns $1, should he declare this?
I'm not a lawyer and don't know much about these legal things but for companies that hire these guys taxes maybe should be applied.
The problem is that people can make bitcoin transaction which can worth millions of dollars or even half-billion.
Check this transaction https://blockchain.info/tx/fea3e0d0e15e991d20d4b9867c1469bdf3e70fd91b2dba3410af05ad5e18f554 and you can see that with only 8 cent you transfer 4.4 million dollars.
Do you think that people who offer some services here on forum and make money from it (like exchangin Bitcoin, offering lending services, web design, translations etc.) are also obliged to report that to their local authorities and pay tax?
Well it greatly depends on the jurisdiction. Extortionate measures of governments vary from country to country. In general I would consider the vast majority of activities in the forum as non-taxable events. There are even countries that consider any income from international sales as non-taxable. Also, most people are not operating real businesses, their offerings are merely casual and not generating significant profits. And even if there are profits, selling of personal items is rarely taxable or only if certain threshold are exceeded.
Even if some offerings may be taxable, it's unlikely that public authorities are aware of it or will be able to enforce taxation on specific individuals. But maybe some people here are even honest taxpayers and report their activities
Nope, it's not just you. If I take myself as an example, then I can safely say that I pay more than enough tax over the salary that I have, that I pay more than enough tax over the money that I have in my bank accounts, that I pay more than enough tax over everything else I am generating in fiat, and plenty more things. Bitcoin gives me the chance to have a good portion of my money outside the reach of the greedy government. I am not a money tree. I work hard for every dollar that I make. That is why I am glad that I have Bitcoin that I can use as store of value. I am not paying any tax over what I hold in Bitcoin. And no, I don't feel bad about it.
Do you think that people who offer some services here on forum and make money from it (like exchangin Bitcoin, offering lending services, web design, translations etc.) are also obliged to report that to their local authorities and pay tax?
Well it greatly depends on the jurisdiction. Extortionate measures of governments vary from country to country. In general I would consider the vast majority of activities in the forum as non-taxable events. There are even countries that consider any income from international sales as non-taxable. Also, most people are not operating real businesses, their offerings are merely casual and not generating significant profits. And even if there are profits, selling of personal items is rarely taxable or only if certain threshold are exceeded.
Even if some offerings may be taxable, it's unlikely that public authorities are aware of it or will be able to enforce taxation on specific individuals. But maybe some people here are even honest taxpayers and report their activities
Honest taxpayers? You must be kidding. Whenever someone seemingly pays taxes on their own volition, they either have a few screws loose in the attic or pursue ends which are a far cry from being an honest taxpayer, for example, aiming at money laundering or some other nefarious activity. Personally, I've never heard of someone wanting to pay taxes if they could safely not pay them...
Is it just me or what?
Do you think that people who offer some services here on forum and make money from it (like exchangin Bitcoin, offering lending services, web design, translations etc.) are also obliged to report that to their local authorities and pay tax?
Well it greatly depends on the jurisdiction. Extortionate measures of governments vary from country to country. In general I would consider the vast majority of activities in the forum as non-taxable events. There are even countries that consider any income from international sales as non-taxable. Also, most people are not operating real businesses, their offerings are merely casual and not generating significant profits. And even if there are profits, selling of personal items is rarely taxable or only if certain threshold are exceeded.
Even if some offerings may be taxable, it's unlikely that public authorities are aware of it or will be able to enforce taxation on specific individuals. But maybe some people here are even honest taxpayers and report their activities.
ya.ya.yo!
Do you think that people who offer some services here on forum and make money from it (like exchangin Bitcoin, offering lending services, web design, translations etc.) are also obliged to report that to their local authorities and pay tax?
The laws are different from country to country, so it's hard to say whether should report to authorities or not, but I think if they have very small profit compared to what rich people have in their countries it would be anfair to demand from them paying taxes.
Do you think that people who offer some services here on forum and make money from it (like exchangin Bitcoin, offering lending services, web design, translations etc.) are also obliged to report that to their local authorities and pay tax?
If they sell earned bitcoins for fiat and book profits in fiat, I suspect that they will have to pay an income tax. Though I seriously doubt that anyone is going to pay anything, barring some perverts, obviously. By inflating national currencies most governments are already heavily taxing their population through seigniorage...
So that shouldn't be an issue of moral concern for almost anyone
i do not think that earning some pennies online wont be an issue and it wont be taxable but what if you are earning substantial amount of money through bitcoin , i am sure you have to file the returns if not it would cause problem later on
Jump to: