Topic: Please DON'T pay any taxes on your crypto! - page 8. (Read 21961 times)

First off, people who don't pay taxes are bad. Second, bad tax laws are worse.

Let's hyperbolize this to the feudal system taxes where the landlord gets say 97% of the crop in exchange for a one acre lease.
I highly doubt you would agree that the landlord's tax qualifies as being good or just here as he sits in his castle raping peasants and sipping mead.
Crypto is not a 97% tax, but property taxes on it are baffling. Moreover the tax structure de-incentivizes major companies from using crypto payments.
Where do you draw the line?? I am lead to assume U.S. crypto tax laws were designed to implement economic censorship, not support social infrastructure.

It is our duty and honor to be positive, benevolent members in the societies (and entire universe) in which we live.
However, in some places tax laws on crypto are contradicting lunacy. I'm not convinced they are productive, even for the government itself.
Being a good citizen and obeying the law are two different things.

Not a very wise advice I would say there's a big chance that people who go t encouraged by you and they didn't pay their tax and may get nailed hard by the government authorities which may also land you up behind bars for not paying your income tax. If I'm not wrong whenever you deposit some good amount of money in your bank account you have got to have some explanation about where did all the money come from because I know someone who has been in this situation where he was called up by bank officials and they demanded an explanation of where the money had come from

As a bitcoin trader, of course we must follow the rules in the country of trade. If you reject it, you will face a problem.
In countries that do not tax bitcoin, of course we do not pay taxes. But if the country that is the place of trade applies taxes, do we have to fight it? Of course not, because we still follow the rules of paying taxes.

Payment of tax is a good thing because it is a source of revenue for the country's development. Indirectly, it is apparent that every cryptocurrrency holder pays tax. The government charge the exchanges tax and this is distributed among every trader on that exchange. This is why most of the exchanges are requiring for KYC of late in order to know and verify its customers in accordance with the stated laws of the country.

I find Bitcoin taxation unfair and cruel to the authorities as always. Why should I pay them if the country did not give me a single cent for investment. Of course, like all sensible people, I try in every way to trade in cryptobirds anonymously, for my own safety. The world finally got the opportunity to raise their incomes up, but they want to trample them again. It's a shame! Yes, and I think very few people want to pay these taxes, except those who have a very big and fat plus in income.

Here it is difficult to solve unambiguously, but I think that if I appeared in a similar situation, I didn't pay taxes to the state for what they have no influence and that doesn't belong to them. The meaning of bitcoin is just the same to limit us from government interference, which means it can not be taxed.

This is quite a controversial tip, because in theory, bitcoin can not be taxed, since it is a decentralized currency. But you cannot fail to pay taxes since you are a citizen of your country. I think there are many nuances and there is no clear answer.

I am imagining people that will pay taxes because of cryptocurrency and it's funny, why do you need to pay to government on something they can't regulate? As far as i know, when you buy coins on exchange its the exchange that will pay for tax because of service they made and for legality also but you as a trader/user you don't have to pay.

its not a good thing not to pay taxes for what we earn in crpto i guess its all about simple contribution is a good thing for government since they need to regulate it too for security purposes dont get me wrong sir, but if you dont pay taxes you might get punish something worst in the future

If we are required to pay taxes then there must be a guarantee or payback such as legalization, ease of shopping using bitcoin,
and so forth. of course we will be very happy to pay taxes, if nothing special is offered by the government, then no!

of course you don't have to pay any taxes with the cryptocurrency you have, with cryptocurrency you should be able to be free from the world of taxation, and tax people can't know how many assets you have, so you have to be calm and don't spend money on cryptocurrency tax , because it's not important.

If my government requires me to pay tax on a bitcoin transaction then I'm willing to do it because it is the duty of every citizen. These taxes can also help improve the economy and services  of my country.Here in my country, the government did not yet put taxation on every bitcoin transaction because it is not yet legalized as a currency. But they are also planning to impose regulations on some crypto exchnages that are presently operatinghere.

I am not against the idea of taxation because it is the source of revenue for the governments to develop our countries. Indirectly, every crypto user is charged tax during transactions because the exchanges are charged to pay taxes and this is distributed amongst all members through the transaction fees.

well then prepare yourselves for a corrupt police, corrupt state and everything else corrupt too.

if someone steals your crappy bitcoins, you will have to pay to police to just "try" finding it again.

however, I will still pay taxes on that when it applies to my country. well, right, that is to avoid the problem that will occur. if I make enough profit in this case, I might still pay for it. it all depends only on the income we have.

And how can they forbid you? For example, you live in the Netherlands, you are engaged in crypto and if it is forbidden what prevents you to go to Germany to withdraw your money, or if you have friends or relatives can transfer money to Fiat and send it to you through the Bank. It is impossible to prohibit the use of crypto, they can simply create some difficulty for you to withdraw to Fiat money.

There is something to be said about governments taking what they did not earn. The Boston Tea party was, if I remember correctly, based on a fraction of the taxes we pay today, from the British Parlament across the pond ("No taxation without representation" is what they said I believe). However, that said, there is also something to be said about obeying the laws of the land in which you reside (so long as they're not requiring you to do something immoral).

Also, when Jesus was presented with the question of whether they should pay taxes, He asked for a coin, and asked who's image and inscription was on it, they said Ceasor's, and He responded by saying to give to Ceasor that which is Caesar's, and to God that which is God's. It is certainly an interesting situation if you were, say, to be paid in Crypto, and only spend it as crypto or some other non-government issued currency, but as soon as you take it out you're probably converting it into some sort of fiat, which the government prints, and they want what they deem to be their share. I don't particularly like it, especially when it is misused, but technically they own that fiat, they are the ruling government, and they, for the most part, make the rules. Now, if done well, and with the current structure of government we have, taxes can help with things like roads, etc - but then that gets into a separate discussion of the job of the government, and how much freedom and personal responsibility the individual States and the people themselves have. 

Fun discussion taxes can be
Have a good day, 
The Cyberius team.

Users of encrypted currencies face a problem: previously, when banks and other institutions crossed the border, absolute sovereignty without state intervention prevented them from being protected by the government. But there is a price to be paid for acceptance, which is to hand over a certain degree of privacy and control to the government.

Previously, the government excluded encrypted currency from the definition of currency. The Chilean Internal Revenue Service even abolished the value-added tax on encrypted currency on the grounds that the encrypted currency was "intangible property". But now, this idea has changed, and investors are going to pay taxes.

One of the main concerns of the government is the use of encrypted money for money laundering and crime. But legal currencies are not exempt from this possibility. Why laugh at a hundred steps with fifty steps? At present, the Spanish government has identified 15,000 encrypted currency holders, which are monitored and taxed at the same time.

 

For all the fiat exchanges I've encountered, there is a requirement to KYC before you can use them. This is to prevent money laundering and terrorist funding. It allows allows governments to do further data matching towards your tax liabilities in the future. They can backdate it for many years, so even if you've escaped their notice now, it doesn't mean they won't come after you in the future. Unless you're keeping it all and spending it all in Bitcoin or whatever cryptocurrency you've purchased (as it was originally intended for). I personally met one of the barristers representing the tax office for a case like this yesterday.

Taxation is for the fiat currencies , therefore there is no point for the tax on crypto. No one controls the crypto and no one is responsible for it in case it is hacked etc. When government pay the taxes, they are responsible for the people loss,  how can government control the crypto loss ?
This is the main reason why government is not willing to use bitcoin as a currency.