Should governments allow people to pay their taxes in Bitcoin BTC? - page 8.

Patatas

legendary

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Quote from: instacalm on February 10, 2017, 12:42:36 PM

If it was an option in your country, would you pay your taxes with Bitcoin?

Definitely yes! Oh wait,what if the prices of bitcoin rise and I end up paying way more than I should have ?

Quote from: instacalm on February 10, 2017, 12:42:36 PM

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 can propose a solution.When government would accept bitcoins,I'm sure they will take care of the price differences.

NUFCrichard

legendary

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If you pay your taxes in Bitcoin, they would immediately ask you to pay taxes on your Bitcoin too!
Working out your taxes on your Bitcoin is/will be a pain in the ass, so I would rather just pay my taxes with fiat and not have the IRS snoop into my Bitcoin affairs!

I don't see any advantage to using Bitcoin for paying your taxes anyway.

~Bitcoin~

legendary

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For me, It doesn't make any sense or doesn't sound any difference between paying in fiat or in bitcoin. Taxes will always be charged in terms of dollar, EUR and even if you can pay with bitcoin you have to pay according to bitcoin market rate. So there is no difference between paying with bitcoin. Roll Eyes

calkob

hero member

Activity: 1106

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I wouldnt personally pay my taxes with bitcoin as i think it is still way undervalued and when i look back in years to come i will regret letting my bitcoin go for stupid shit .... like vitalik butterin spent like 8 bitcoin on a tshirt back in the day, and there is probably worse stories than that ie:Pizza ...... lol Wink

i do think that others should be able to tho if they chose

hardtime

sr. member

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It's not more along the lines of if governments should I would say if governments will, if they really see a reason that bitcoin has such a hold on them not being paid for a good amount of tax funds and that if it will really make a difference in the amount of revenue they have they will adjust. The government will adapt and change if need be, they won't just do it for the greatness of everyone else.

They should, but they only will if it makes a difference to THEM not to you in the least.

Vaccinus

sr. member

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there are services which let you pay in bitcoin, you know about cashila and bitbill.eu? i don't need the approval of the government to use them, just pay the fee and you are welcome

instacalm

hero member

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Merit: 500

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

Topic: Should governments allow people to pay their taxes in Bitcoin BTC? - page 8. (Read 5534 times)