. and if they are smart enough they would've start accumulating as many coins as they can to control the market of btc in future. 
Topic: Should governments allow people to pay their taxes in Bitcoin BTC? - page 6. (Read 5534 times)
February 12, 2017, 09:38:26 AM
Welp in my country we don't pay taxes like EU, US and other countries, but we rather first get paid $14 per month/person as subsidy and then they charge our bills 3 folds . and if they are smart enough they would've start accumulating as many coins as they can to control the market of btc in future.
. and if they are smart enough they would've start accumulating as many coins as they can to control the market of btc in future. 
February 12, 2017, 09:27:39 AM
I think that if governments decided to adopt this measure, people would come to realize that governments recognize Bitcoin as a currency, and this could make many people stop using fiat currency. This could be something that goes against the interests of governments, since with fiat currency they have a greater control over the economy and over taxes. With Bitcoin, people would have the choice to pay taxes or not, and many individuals would choose not to pay it.
February 12, 2017, 09:24:00 AM
If the governments will allow the use of bitcoin for their state as legal and will implement its use in their institutes and in their banks then they will also allow the use of bitcoin in their state to pay the tax as it will be then like a normal currency.
February 12, 2017, 08:25:35 AM
If it was an option in your country, would you pay your taxes with Bitcoin?
Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?
I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC
Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?
I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC
For the sake of joining queues at the bank and going through a whole lot of bureaucratic procedures then sitting behind my computer and paying with Bitcoin will be easy and I will gladly opt for that option if it was possible in my country.
February 12, 2017, 06:43:06 AM
It is not necessary to pay taxes via bitcoin. Our bitcoin is convertible into fiat. Few countries have outlawed Bitcoin. Because bitcoins are being treated as assets, if you use bitcoins for simple transactions such as buying groceries at a supermarket you will incur a capital gains tax.
February 11, 2017, 05:10:52 PM
Not sure why so many people are against having this option?
If the government allows taxes being paid with Bitcoin, that doesn't mean that they gain any control over Bitcoin in any way.
So I'd say yes and on top of that, I think one Swiss city is already accepting Bitcoin to pay for government services.
Source: http://www.coindesk.com/swiss-city-bitcoin-payments-government-services/
Many are against the idea for many reasons, for example why pay with bitcoin that allows me to earn some money once in a while through appreciation of its price when I can pay with fiat that is always depreciating in value. If the government allows taxes being paid with Bitcoin, that doesn't mean that they gain any control over Bitcoin in any way.
So I'd say yes and on top of that, I think one Swiss city is already accepting Bitcoin to pay for government services.
Source: http://www.coindesk.com/swiss-city-bitcoin-payments-government-services/
February 11, 2017, 10:21:56 AM
If it was an option in your country, would you pay your taxes with Bitcoin?
Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?
I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC
Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?
I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC
We are experiencing that now although much cheaper than usual. Bitcoin exchanges have different fees and that's what Im consider a taxable thing. Also goverment will surely not like the idea of using bitcoin being paid to taxes. Taxes from people are on the spot will be held and used to fund government projects.
At most of the transactions that government do, they are paying in fiat to fiat payment.
February 11, 2017, 10:17:24 AM
IMHO any options to pay digitally is good change. In my country the tax system is so complicated that it's hard for people to just pay. If you are in need of money, you don't make it hard for people to give money. It gets to the point that people just don't care to pay anymore. If it's easy to pay tax, people might be more likely that they'll pay.
February 11, 2017, 01:00:34 AM
In theory, bitcoin was born in a pure Internet, there is no need to pay tax, but the exchange is required to pay taxes, they will put the tax imposed by traders to participate in the body, then I guess China exchange this development, I am from china.
February 11, 2017, 12:52:50 AM
No. I don't want to pay my taxes in Bitcoins.
My bitcoins have more value than my fiat and Bitcoin rate is growing faster than the value of fiat. So obviously I wanna save all my Bitcoins. Spending fiat currency for these things are advantageous than spending Bitcoins.
Well,if we ever come to a point where we would be able to pay our taxes in bitcoins,don't think the government would be too easy with the rules.The prices won't fluctuate,exchanges will have to pay taxes and everything else involving bitcoins will be taxed.Not only it's bad for the bitcoin economy but people would lose interest in cryptos.My bitcoins have more value than my fiat and Bitcoin rate is growing faster than the value of fiat. So obviously I wanna save all my Bitcoins. Spending fiat currency for these things are advantageous than spending Bitcoins.
Solution :A new crypto!
February 11, 2017, 12:24:42 AM
i dont think so, government will know our information if we transfer bitcoin to pay tax. They will know about our secret funds in bitcoin. Then, they will make tax for bitcoin user later. So, i think dont let government know we have bitcoin. Its bad idea.
If once government start accepting bitcoin they will come up with a good solution about paying taxes with bitcoin. We have to pay taxes to government. Other wise Income tax people will research about your banks account and they will seize all your account, if you don't pay taxes on time.
February 11, 2017, 12:10:23 AM
If it was an option to pay taxes in form of bitcoin then I am very willing to do it as long as it is allowed by the Bureau of Internal Revenue (BIR). With bitcoin at hand I dont need to leave my house and travel 40 kilometers away just to pay my income tax. With bitcoins just by sitting and clicking on my android phone I can actually pay my income tax.
February 11, 2017, 12:04:35 AM
Taxes are being deducted to our salaries and stuffs that we buy or being payed. And if we use bitcoin to pay are taxes it is really an awkward situation. I cant accept my wallet are being deducted by taxes without me knowing and even if I know that, i will not accept it. I like bitcoin because even you are paid through campaigns you are not being charged with any taxes.
February 10, 2017, 11:26:15 PM
No. I don't want to pay my taxes in Bitcoins.
My bitcoins have more value than my fiat and Bitcoin rate is growing faster than the value of fiat. So obviously I wanna save all my Bitcoins. Spending fiat currency for these things are advantageous than spending Bitcoins.
My bitcoins have more value than my fiat and Bitcoin rate is growing faster than the value of fiat. So obviously I wanna save all my Bitcoins. Spending fiat currency for these things are advantageous than spending Bitcoins.
February 10, 2017, 09:54:09 PM
i dont think so, government will know our information if we transfer bitcoin to pay tax. They will know about our secret funds in bitcoin. Then, they will make tax for bitcoin user later. So, i think dont let government know we have bitcoin. Its bad idea.
February 10, 2017, 09:00:56 PM
It would be ironic if governments allow people to pay their taxes in Bitcoin. After a variety of warnings, with the bell ringing at a high level, telling to people bitcoin is for criminal ativities, thieves, scammers and terrorists. But wait... since according to them bitcoin is for criminal activities, it is totally relevant to accept bitcoin for them
February 10, 2017, 08:28:31 PM
this should be done. because with this government regulation could take away their rights. and everyone can pay their obligations to the state.
Tax is an important thing for the sustainability of a country, because without the tax of a country can be destroyed by itself.
Tax is an important thing for the sustainability of a country, because without the tax of a country can be destroyed by itself.
February 10, 2017, 07:58:30 PM
If it was an option in your country, would you pay your taxes with Bitcoin?
Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?
I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC
Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?
I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC
instacalm, the Government can't tax something that isn't theirs. They just say that they will tax the citizens Bitcoin's and then the suckers will send the Government money.
How will the Government know if you hold BTC? They don't. The project is open sourced, in-fact the Government will literally be theif's and when the court gets involved they will get thrown into the light and they will most likely fall.
Now I do understand that they tax things because the citizens are using USD or w/e but the money technically isn't real until the cash is in your hand...it is just a electronic bits that a Banker views on a screen. If Bankers could ignore a glitch in their computer than why would they count the numbers on their screens official?
We could go further into it and discuss the real legal issues on what the Governement is trying to do, I just don't feel like it.
I am just saying that if the Government invented Bitcoin then they could tax the heck out of it for all I care.
February 10, 2017, 07:56:22 PM
No!
I don't want to pay tax, as I want the destruction of all countries. About 40 million people in Europe are on benefits, if there were no governments to pay them, they would all die and Europe would be a far nicer place. Only the best shall survive. Countries are corrupting natural order, so I don't want to pay tax to destroy all countries and restore natural order. BTC will help towards that goal.
I don't want to pay tax, as I want the destruction of all countries. About 40 million people in Europe are on benefits, if there were no governments to pay them, they would all die and Europe would be a far nicer place. Only the best shall survive. Countries are corrupting natural order, so I don't want to pay tax to destroy all countries and restore natural order. BTC will help towards that goal.
Bitcoin rate may go up and may go down what happend if it goes high? and the taxes price changed to the currently rate of the bitcoin?
I voted NO.
I voted NO.
If government gives tax payment option through bitcoin, Why do we resist?
Tax would be beneficial for us if it was set in state laws. Which makes bitcoin up and down is a market, not a tax. We always hope that bitcoin is regulated, but refused taxed, it is not justified. Bitcoin will forever be an underground movement if all users reject government tax (live like Robin Hood).
February 10, 2017, 07:48:36 PM
Absolutely not as I'm definitely against taxes and the reason I use Bitcoins is to avoid tax as much as possible. I am planning to move to a tax-free country like Switzerland when I accumulated enough funds.
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