Paying taxes on forum? - page 2. | Bitcointalksearch.org

arseaboy

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Quote from: sunsilk on November 02, 2016, 10:31:31 PM

Quote from: BingoDog on October 30, 2016, 05:58:03 AM

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?

No, because as far as I know there are no certain taxation laws that are covering the people who are working here on forum and there is no law also here in forum that you need to pay tax once you got some big bucks done.

That is why, many people from cyber world are becoming richer than people who works in real life, because they don't pay tax.

indeed. these services are not covered by taxes so that's why most freelancers or businesses uses this type of forum so that they can get away with taxes or fees. this is actually one of the advantages in the world of bitcoin.

sunsilk

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Quote from: BingoDog on October 30, 2016, 05:58:03 AM

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?

No, because as far as I know there are no certain taxation laws that are covering the people who are working here on forum and there is no law also here in forum that you need to pay tax once you got some big bucks done.

That is why, many people from cyber world are becoming richer than people who works in real life, because they don't pay tax.

Yakamoto

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Quote from: BingoDog on October 30, 2016, 05:58:03 AM

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?

Chances are there are definitely some people who have to claim their taxes, but at the same time a majority of the people here likely don't, either because they don't have to or it isn't really worth their time. It varies though, so check your laws and so. Most countries will specify.

And yes, a ton of people offer services like the ones you describe. Just go look at the marketplace if you don't believe me.

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Quote from: Bitonly88 on November 02, 2016, 02:52:55 PM

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))

This forum doesn't even collects tax from its member, if this forum is collecting tax from us then there is no need for the admin to ask some advertisers to get some space throughout the forum. And bitcoin is still not covered by the law so there is no need to pay taxes unless your government declares a law that you must pay your obligation.

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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))

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Quote from: mirakal on November 02, 2016, 08:48:32 AM

Quote from: Aamir1 on November 02, 2016, 04:40:04 AM

Quote from: rinhunter on November 01, 2016, 07:11:05 AM

Yes in my country, you should report but only for big earning like local exchanger service. For other business in Bitcoin not yet for now. But if offer service had big earning too i think it must be reported. It also can make Bitcoin legalized in the country because govt see big income in Bitcoin and they would not miss it.

Is bitcoin legalized or used by authorities in your country? If no then i'm surprised why you will need to report them for doing anything or earning anything from bitcoins, that would only apply in a country where bitcoin is used as a legal currency in physical world as well, otherwise there should be nothing like that.

That's actually the good point there, bitcoin is not regulated so we are not oblige to comply with the laws of the state. We are not doing illegal and that's good because we can fully enjoy our earnings here and we can get it in full without tax deduction unlike in real life situation.

True and this is the one of benefits on bitcoin that we could surely attain and its the freedom of having taxes unlike on our day stable job we are obliged to pay taxes hence fiat are regulated and controlled by the government thats why they collect taxes on every person who does have income unlike to bitcoin as you mentioned its not being controlled by the government thats why they cannot impose taxes to its users.

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Quote from: Aamir1 on November 02, 2016, 04:40:04 AM

Quote from: rinhunter on November 01, 2016, 07:11:05 AM

Yes in my country, you should report but only for big earning like local exchanger service. For other business in Bitcoin not yet for now. But if offer service had big earning too i think it must be reported. It also can make Bitcoin legalized in the country because govt see big income in Bitcoin and they would not miss it.

Is bitcoin legalized or used by authorities in your country? If no then i'm surprised why you will need to report them for doing anything or earning anything from bitcoins, that would only apply in a country where bitcoin is used as a legal currency in physical world as well, otherwise there should be nothing like that.

That's actually the good point there, bitcoin is not regulated so we are not oblige to comply with the laws of the state. We are not doing illegal and that's good because we can fully enjoy our earnings here and we can get it in full without tax deduction unlike in real life situation.

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Quote from: rinhunter on November 01, 2016, 07:11:05 AM

Yes in my country, you should report but only for big earning like local exchanger service. For other business in Bitcoin not yet for now. But if offer service had big earning too i think it must be reported. It also can make Bitcoin legalized in the country because govt see big income in Bitcoin and they would not miss it.

Is bitcoin legalized or used by authorities in your country? If no then i'm surprised why you will need to report them for doing anything or earning anything from bitcoins, that would only apply in a country where bitcoin is used as a legal currency in physical world as well, otherwise there should be nothing like that.

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Quote from: n0ne on November 02, 2016, 04:27:34 AM

Quote from: Gosu on November 02, 2016, 04:10:22 AM

I think its called miners fee not taxes

That's wrong. what you mean is the transaction fees. Upon the transaction made the fees will be credited to the miners who were the key role for bitcoin generation. Tax doesn't need to be paid to the forum or government because our transaction will be traced but users can't be identified.

Yeah you're it defeats the anonymity bitcoin provides. Its normal to have transaction fees although i don't think bitcoin forums can actually be taxed. It going to take the governments a lot to figure that out

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Quote from: Gosu on November 02, 2016, 04:10:22 AM

I think its called miners fee not taxes

That's wrong. what you mean is the transaction fees. Upon the transaction made the fees will be credited to the miners who were the key role for bitcoin generation. Tax doesn't need to be paid to the forum or government because our transaction will be traced but users can't be identified.

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I think its called miners fee not taxes

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Quote from: Doms on November 02, 2016, 02:32:19 AM

If bitcoin earnings are going to be taxed, that should only apply to those earning a certain amount. Like what the government does when it comes to income taxes. Those who earn little are free from paying their taxes while brackets are set for those earning different incomes from higher range. I think the same can be applied to bitcoin if eventually the government decides they want a share of what people earn from bitcoin.

In real life we are taxed base on the classification of our transaction but in the crypto world we are doing different transaction that the government cannot trace, here we can make things legitimate although it's illegal transaction and that does not matter as we are not under the control of the government.

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If bitcoin earnings are going to be taxed, that should only apply to those earning a certain amount. Like what the government does when it comes to income taxes. Those who earn little are free from paying their taxes while brackets are set for those earning different incomes from higher range. I think the same can be applied to bitcoin if eventually the government decides they want a share of what people earn from bitcoin.

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Quote from: SmartIphone on November 01, 2016, 05:41:03 PM

Quote from: BingoDog on October 30, 2016, 05:58:03 AM

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.

As a small tax payer we are not directly aware that tax will be tax impose upon us and whatever our earnings here is not subject to tax based on my limited knowledge. In fact, it's the reality that attracts more investors here because their income is not subject to tax and we can hide our riches here if we have without the government knowing it as bitcoin is not under their jurisdiction.

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Quote from: BingoDog on October 30, 2016, 05:58:03 AM

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.

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Quote from: Dank14 on November 01, 2016, 09:00:51 AM

Quote from: Wandering Soul~ on November 01, 2016, 05:57:24 AM

The government doesn't even recognized bitcoin as a currency so I doubt that they are taxing them. And it wil be really hard to tax someone cause bitcoin is anonymous and decentralized.

But I think bitcoin is still taxable, Just look the growing community of bitcoin users and merchants. Government spotting us is just a matter of time.

Well, a U.S judge ruled bitcoin as money in a money laundering court case involving bitcoin transactions

In 2016, a judge in Manhattan ruled that Bitcoin is not a means of payment. Therefore, the government has not yet decided what to do with Bitcoins

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Quote from: TriggerX on October 30, 2016, 07:42:32 PM

No. Bitcoin is just a cryptocurrency and the government has not much control over it compared to currencies such as USD. And I highly doubt people are earning crazy amounts here so declaring it would be really insignificant.

People are actually earning significantly amount here only if you do not know, but that does not mean that everyone must declare his income because not everybody who is using bitcoin is from USA and bitcoin is does not belong to any country. If they must make that rule, then they should wait for USA citizens using bitcoin to do that after converting bitcoin to fiat.

Dank14

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Quote from: Wandering Soul~ on November 01, 2016, 05:57:24 AM

The government doesn't even recognized bitcoin as a currency so I doubt that they are taxing them. And it wil be really hard to tax someone cause bitcoin is anonymous and decentralized.

But I think bitcoin is still taxable, Just look the growing community of bitcoin users and merchants. Government spotting us is just a matter of time.

Well, a U.S judge ruled bitcoin as money in a money laundering court case involving bitcoin transactions

rinhunter

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Yes in my country, you should report but only for big earning like local exchanger service. For other business in Bitcoin not yet for now. But if offer service had big earning too i think it must be reported. It also can make Bitcoin legalized in the country because govt see big income in Bitcoin and they would not miss it.

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Quote from: Wandering Soul~ on November 01, 2016, 05:57:24 AM

The government doesn't even recognized bitcoin as a currency so I doubt that they are taxing them. And it wil be really hard to tax someone cause bitcoin is anonymous and decentralized.

But I think bitcoin is still taxable, Just look the growing community of bitcoin users and merchants. Government spotting us is just a matter of time.

it's matter about the time and the governments will eventually recognize bitcoin as a currency and whether it's illegal or legal it's all depend on the countries or governments themselves,and yeah bitcoin is taxable if you know how to tax it,simply taxing those merchants

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