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 2745 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
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.
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.
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.
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.
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))
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.
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.
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.
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
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.
I think its called miners fee not taxes
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.
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.
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.
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 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.
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
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. 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.
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
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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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 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.
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.
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.
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?
Theres no tax to be payed by someone to the government hence all people here said the same thing too on which bitcoin is not legalized and been noticed by the government thats why they cant imposed taxes on people who do use bitcoin and thats really an advantage when you do avoid taxes especially on big amount transactions.
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?
actually at the current time the only income is of the publisher and of advertiser .actually the developer debloped his site and making publicity through this forum by giving a space below the new post of this forum only .
well may be another way to make some earning of this forum .
but here
https://bitcointalk.org/index.php?topic=1662893.0;topicseen
this link will explain clearly .
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?
actually this forum is Making money from new post in this forum .when new post is created in this forum then a site adds will show below the new topic .
and these adds giving sites paying for thier advertisement .
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?
i think they are paying some tax because i in my opinion the main income source is due to the income from the campaign .but may be this campaign is Making only money from advertisement at the new post .
Does they need to know about that kind of job? Is bitcoin known by your local authorities? Well if not i don't think we really need to pay taxes for our earning bitcoin on our ventures since our profit earnings here is little not where not doing some stable jobs here thats why its very bad if it really implemented by the law and might be a source of corruption money and used for some politics greediness.
If Bitcoin is not considered an official currency then I suppose it's not taxable. And it's hard to trace Bitcoin transactions in general so the taxation office might not even be aware of people moving around digital money and they might as well not be able to follow where this digital money is coming from so I guess there is no need to include any Bitcoin profits on your annual tax form.
You are right, since bitcoin is not known by the government, maybe some of its official. But there is now law that tells the taxation of bitcoin. So paying of taxes with bitcoin is not really implemented and needed. And how about it is in forum? The same thing also that when you get profit from the forum you are still no obliged to pay tax.
If Bitcoin is not considered an official currency then I suppose it's not taxable. And it's hard to trace Bitcoin transactions in general so the taxation office might not even be aware of people moving around digital money and they might as well not be able to follow where this digital money is coming from so I guess there is no need to include any Bitcoin profits on your annual tax form.
The tax laws differ from country to country, and it also depends on how they define the income. If it is seen as a commodity, then you will have to pay Capital gains on that, but if it was seen as a currency, then VAT comes into play. In any way, all business have to declare their income. If they do not declare the income and they are submitted to a audit, then they will have to explain why they avoided paying taxes.
This is the IRS view on this : " Any person who willfully attempts to evade or defeat any tax imposed by this title or the payment thereof shall, in addition to other penalties provided by law, be guilty of a felony and, upon conviction thereof: Shall be imprisoned not more than 5 years. "
I will rather pay, than go to jail over money. ^hmmmmm^
This is the IRS view on this : " Any person who willfully attempts to evade or defeat any tax imposed by this title or the payment thereof shall, in addition to other penalties provided by law, be guilty of a felony and, upon conviction thereof: Shall be imprisoned not more than 5 years. "
I will rather pay, than go to jail over money. ^hmmmmm^
This is not necessary , you have paid a tax when bitcoin transaction made, unless country who have watching bitcoin activity on their country, usually if person who have an income (for example more $500) need to make it report. bitcoin is not fully anonymous.
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?
I think that goes against the entirety of bitcoin's existence... Bitcoin exists because we want to avoid the government and centralized systems as much as possible... So yeah.
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 it's not. It's outside of their premises, at least. When people offers some services here in this forum, it's not necessary to report in their respective government. It's freedom.
The one that must comply with the rules and regulations about taxes or any money related terms are those local exchangers that having a business in a certain country. Since money is involved, they have to follow rules and tax are part of it.
Nope they are not paying taxes. Because it is not regulated by the government and that's why some are saying bitcoins will be banned by the government because they cannot collect taxes from it.
I think the fees we are paying is for the transaction to be confirmed and not a tax per se.
I think so since it is regulated. Only government imposed taxes and you are correct here that charges or fees we pay is for confirmation or for miners to process.Also in some countries,it is not strict or not taxable as of now if you are doing an online work like in freelancing.
I believe no tax revenue to pay with Bitcoin is not necessary. Government and so controls all aspects of people's lives. This area must remain anonymous and be free from government control
So I see that most of members think they shouldn't be taxed. I have the same opinion but I wanted to check how things are standing. In my country Bitcoin is not regulated so I suppose I don't have to report anything.
Question is: would you report your bitcoin related income if BTC was completely regulated and treated on par with your local FIAT currency? I assume not.We are not talking about million dollar transaction obviously and as Foxpup said - it will be hard to document and spent large amount of money.
We are talking about far less than $1000 per month income level - I doubt IRS will be targeting you for that.
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?
I think the government cannot compel us to pay the taxes, what is their focus is a legitimate business that accepts bitcoin. For example, a certain exchange sites which are making money regularly, if they are a legitimate business and they comply with the laws of the government they are required to pay the right taxes, but our fair share is by using their service they have already charge us on the exchange fees and transfer fees.If this is just referring here in forum or other forums why they need to pay taxes? Since it is all about discussions then it would be fine if that will not be charged with some taxes. So it is not applicable to a forum to be charged with tax since it is just an open source and there are countries that doesn't cover the people who are working online.
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?
I think the government cannot compel us to pay the taxes, what is their focus is a legitimate business that accepts bitcoin. For example, a certain exchange sites which are making money regularly, if they are a legitimate business and they comply with the laws of the government they are required to pay the right taxes, but our fair share is by using their service they have already charge us on the exchange fees and transfer fees. legendary
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Nope, because bitcoin is anonymous so nobody can know that you are doing bitcoin activity so the government can't tax you, but if you open local exchange and you used to do transaction using fiat then the government going to taxed you
definitely,unless bitcoin know who's behind the address,then you will end up getting recorded all of your transactions in the past and if there's something suspicious then government will trying to know what it is,if you ever breaking the rules and the government know,then it's the end of you,can't say bitcoin fully anonymous but if you're always changing your bitcoin address maybe it could be helpful 
So I see that most of members think they shouldn't be taxed. I have the same opinion but I wanted to check how things are standing. In my country Bitcoin is not regulated so I suppose I don't have to report anything.
Most members here are idiots posting nonsense because their signature ads are the most money they'll ever make from Bitcoin. Anyone earning significant amounts is likely to be reporting it, at least if they expect to ever spend their money. For example:Even if you earn one million dollars in one day, there'll be no tax.
What can you buy for a million dollars without the government knowing about? A new house? Real estate deals are public record. An expensive sports car? Tax investigators look at car registrations. The government's going to find out about your wealth the moment you spend it on anything substantial, and they'll want to know where that money came from and whether you've paid your taxes on it. If you haven't, you're going to have a bad time.
Nope, because bitcoin is anonymous so nobody can know that you are doing bitcoin activity so the government can't tax you, but if you open local exchange and you used to do transaction using fiat then the government going to taxed you
So I see that most of members think they shouldn't be taxed. I have the same opinion but I wanted to check how things are standing. In my country Bitcoin is not regulated so I suppose I don't have to report anything.
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?
Not at all, bitcoin is an anonymous coin and as the users of this forum, no one would know who is the user and where he lives just by looking at the username, though IP tracking can be done if someone gets it which is just known by the forum owners or moderators i guess, so whatever you earn on this forum or anywhere on internet which is in bitcoin, you wont be spotted unless you declare it yourself, and if you are unknown then you dont need to pay any taxes.
For now, it ain't taxable since it is just a small online internet job. Although it is not directly being taxed, government takes tax in what we buy using it so basically, user's ain't obliged to be taxed on forums but the government gain tax from it when the user buys using the fiat obtained from online forums such as this. Also, there are some instances that conversion of fiat have a tax since there is a fee for sending your fiat to you and that charge have tax.
I can't understand why some people are so eager to be exploited so much. Hypothetically if bitcoin was fully regulated and accepted as currency on par with Dollar/Euro/etc.
Do you honestly want to pay more taxes and inform your local IRS about your additional online small job? Maybe you would like to put a tax on drinks sold on lemonade stands too?
Do you honestly want to pay more taxes and inform your local IRS about your additional online small job? Maybe you would like to put a tax on drinks sold on lemonade stands too?
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 they are not paying taxes. Because it is not regulated by the government and that's why some are saying bitcoins will be banned by the government because they cannot collect taxes from it.
I think the fees we are paying is for the transaction to be confirmed and not a tax per se.
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.
I think in some countries like America it technically should be reported if you make more than $600 in a year from an employer or if you sell something in the internet. But I doubt they are looking for people that are making small transactions.
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?
Bitcoin is money, so in that regard it's not really different from you doing work for someone in return for just fiat. If you take that in mind, then you (officially) must declare everything and pay tax over your earnings. But of course it's something that nearly nobody is doing and will do (which I fully understand). If I take myself as an example, then I don't declare any of my Bitcoin holdings, profits I made with trading, etc. Why? Because it's my fucking money. Governments need to back off. I pay enough tax over my normal fiat holdings and over my normal job salary already.
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?
Not a chance in hell. If you make, what, 1btc a year on the forum are you going to claim that? Why would you? It'll just be a red flag for you.
The government would be all like
"Omg he uses the bitcoin. He must be into hard drugs and selling guns to children."
Then life in prison happens.
So no, I wouldn't claim it
That's a bit too exagerated I think
! But yes, that might bring suspicions to you and then you're good for being monitored by secret services.This is literally the least exaggerated thing in the entire universe!/s.
No but seriously people in their 'normal' little bubbles think bitcoins are for criminals. That's what TV has taught them anyways.
I don't think that we need to give any proofs or any tax to any government unless we remain anonymous and are interested in having our earnings remain in Bitcoins only.
But when we convert them, problems might arise when funds will be coming in Bank, else cash is a better option here.
But when we convert them, problems might arise when funds will be coming in Bank, else cash is a better option here.
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?
There are a ton of people that offer and provide services for others, just go and look at the marketplace under "services" and you'll see how many people are offering one thing or another. As for taxes, that's a grey area. Some countries tax Bitcoin, others do not. Depends on the country of residence to be honest. 
If you are eager to get robbed by the governments, go for it and report yourself. They will be very happy for the free money you offer.
Bitcoin has opened a new door. It is continuing from where mp3, napster and bittorrent left us. After bitcoin, we will see a free country without a government. I don't how it will happen but i feel like we are getting close.
Also, it is not clear that bitcoin is to be considered as a currency or a commodity for many countries. If your country accepts bitcoin as a commodity you don't have to do anything. You don't pay income taxes for trading your car with another right?
Bitcoin has opened a new door. It is continuing from where mp3, napster and bittorrent left us. After bitcoin, we will see a free country without a government. I don't how it will happen but i feel like we are getting close.
Also, it is not clear that bitcoin is to be considered as a currency or a commodity for many countries. If your country accepts bitcoin as a commodity you don't have to do anything. You don't pay income taxes for trading your car with another right?
There is no taxes here what ever you services you do.. the only fee that you need to paid is transactions..
And for lending or exchange it depends in their offer how much you will repay with interest that can attract lender to trak you...
And for lending or exchange it depends in their offer how much you will repay with interest that can attract lender to trak you...
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 there is no any such requirement as well as in this forum you can remain anonymous if you like and do deals using escrow in middle and nobody gonna ask for your real identity so you can sell anything and keep all bitcoin with you, those tax sucking government don't gonna get any clue regarding the source of bitcoin you have. Anonymity is the most attractive feature of bitcoin so no need to worry about tax in any bitcoin related transactions.
No, why would you declare something that the most countries doesnt have opinion or are against it, makes no sense you report those earnings you making into bitcoin, soo if loose you will report at well? No the answer is no there is nothing to force anybody to make such thing.
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, there is no obligation for a freelancer to report his income to the government unless the company or the person he has offered him the service is going to be the one to volunteer that will pay his tax. But as usual, taxes are crap and that is why we are here in bitcoin. Because most of us wants to get away from those crazy tax.
That depends on where you live. In some countries, when you earn more than a certain amount a year on the internet, no matter the way, you are obligated to declare 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?
Not a chance in hell. If you make, what, 1btc a year on the forum are you going to claim that? Why would you? It'll just be a red flag for you.
The government would be all like
"Omg he uses the bitcoin. He must be into hard drugs and selling guns to children."
Then life in prison happens.
So no, I wouldn't claim it
That's a bit too exagerated I think
! But yes, that might bring suspicions to you and then you're good for being monitored by secret services. 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?
Not a chance in hell. If you make, what, 1btc a year on the forum are you going to claim that? Why would you? It'll just be a red flag for you.
The government would be all like
"Omg he uses the bitcoin. He must be into hard drugs and selling guns to children."
Then life in prison happens.
So no, I wouldn't claim it
When viewed from the state - yes, for any goods and services you have to pay tax. But by the participants of the forum - of course not!
It's up to you to declare or not what you're earning. Then, if you're catched and didn't do it, things could go wrong for you. However, most people will never have problems due to the nature of Bictoin and since their earning are small.
No it's not because no government owns bitcoin to make us to pay taxes for whatever services that we offer in this forum. This is one of the advantage for us who uses bitcoins it's tax free.
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?
i have worked as a freelancer since 2014, i have done many projects to be translated in to my native language and get paid with bitcoin, but i don't give a penny for government in this case paying tax, however our government has regulate the source of income from the internet like from youtube and instagram to be taxable, but with pseudonymous of the bitcoin i don't need to worry about that. 
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, that's another privilege that you can get from bitcoin. Everything is decentralize and you don't owe anyone something to pay tax. There's no authorities in bitcoin. Even if you earn one million dollars in one day, there'll be no tax. There'll be a transaction fee when transferring the money but there would definitely be no tax at all. You don't have to write a report because nobody actually cares if your service or business is booming or not. People only care if your good at what you're doing and avail your service if so. 
Now that exchanges are getting bigger and starting to come under the scrutiny of regulators,
and the number of Bitcoin users is getting larger,
I fully expect to see more mention of crypto currencies by lawmakers, and eventually some more laws passed regarding their use.
As of now it's not really considered a taxable income anywhere, I don't believe.
and the number of Bitcoin users is getting larger,
I fully expect to see more mention of crypto currencies by lawmakers, and eventually some more laws passed regarding their use.
As of now it's not really considered a taxable income anywhere, I don't believe.
No, they aren't. If Bitcoin is not recognised as a currency by their government, it is like if they were trading with bottlecaps.
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?
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