Topic: Should there be a tax on capital gains? - page 2. (Read 1009 times)
First of all depends on the each country laws. Second, taxes were always present in a form or another ( land , animals and now money ) but with bitcoin this taxes can change in the next years because not every coutry made bitcoin taxable when it comes of capital gains around cryptos so I will agree with the others and say that paying taxes is a modern slavery.
I think its better government collecting taxes from our gain not from our trade. Cryptocurrency is investment and if we collected by our trade, its must be very huge amount we should pay on taxes. But for more safe, better keep cryptocurrency as long term investment because sometimes government policy change
Tax is one of the state revenues used to run the wheels of government and development. The government is trying to impose tax on crypto in a way that does not impose the transaction from the crypto owner and provides security for investment and crypto trading.
I think its better government collecting taxes from our gain not from our trade. Cryptocurrency is investment and if we collected by our trade, its must be very huge amount we should pay on taxes. But for more safe, better keep cryptocurrency as long term investment because sometimes government policy change
Tax is one of the state revenues used to run the wheels of government and development. The government is trying to impose tax on crypto in a way that does not impose the transaction from the crypto owner and provides security for investment and crypto trading.when you can benefit from the trade you do then you don't have to pay taxes because if you say you have to pay taxes, then where will the tax money be paid? bitcoin does not collect taxes, bitcoin is a freedom of digital money.
That is true , I agree with that , for now that the government is not yet recognizing the adoption and acceptance in every state , so it is not the time to pay taxes for the capital gain of cryptos , but when time comes cryptocurrency will be legal in transactions in every country and government then it maybe the time to pay some taxes to it .
According to my opinion, I think It's income and should be taxed. There should be a tax on capital gains because it's income and the current law is that people pay taxes on their income. If we want to debate or reform that policy, perhaps we should, but then it should be targeted at all kinds of income taxes, not just capital gains taxes. Getting rid of capital gains taxes by themselves is simply a way to cut taxes on the rich, because the rich make more money through capital gains than poor people do.
What is your thought on this matter?
What is your thought on this matter?
Should. But there should be control, because if there is no control, there will be a transition to offshore zones.
Taxes whatever it is and where it is imposed upon is so important for the government to stand on its feet and as necessary as the basic needs of man for survival. The taxes are a good source of revenue for the country and should it be gone or cut it will drastically affect the government's service towards its constituents. I also agree though that balance should be made between the poor and the rich. Taxes should be equally weighed depending upon the capacity of the person to pay. There should always be tax exemptions whenever necessary for the poor people to enjoy as privilege.
when you can benefit from the trade you do then you don't have to pay taxes because if you say you have to pay taxes, then where will the tax money be paid? bitcoin does not collect taxes, bitcoin is a freedom of digital money.
Many governments around the world has decided to put taxes on capital gains. No matter what the people who want the opposite to happen, the money that the governments is so huge that they cannot just remove it.
unfortunately, not all tax regulations were written properly. taxes are collected for government services. but there should be a fair computation on which social class should be paying more.
Our country is clear about it that taxes on capital gains has to be paid and any profits earned is attracted to pay the tax accordingly. Government require money for the economic growth, development , infrastructure etc and thus they do not want to miss out any such opportunity to levy the taxes on any such capital gain earned.
As of now, i don't any aspect of paying taxes on the capital gains but it will come to us only when the government start legalising the cryptocurrency in our country. Instead of showing the holding it is better to pay the taxes to the government on the basis of the transaction we are doing through our bank accounts. Otherwise, once they find means they will surely take the severe actions.
According to my opinion, I think It's income and should be taxed. There should be a tax on capital gains because it's income and the current law is that people pay taxes on their income. If we want to debate or reform that policy, perhaps we should, but then it should be targeted at all kinds of income taxes, not just capital gains taxes. Getting rid of capital gains taxes by themselves is simply a way to cut taxes on the rich, because the rich make more money through capital gains than poor people do.
What is your thought on this matter?
What is your thought on this matter?
Well, that's one of the reasons why people choose to invest in crypto to get away from taxes. However, I heard that in some countries they are being taxed from their income from cryptocurrency. It is not yet fully implemented world-wide, but I guess as crypto gets adapted by the mass, the government will start taxing it too.
According to my opinion, I think It's income and should be taxed. There should be a tax on capital gains because it's income and the current law is that people pay taxes on their income. If we want to debate or reform that policy, perhaps we should, but then it should be targeted at all kinds of income taxes, not just capital gains taxes. Getting rid of capital gains taxes by themselves is simply a way to cut taxes on the rich, because the rich make more money through capital gains than poor people do.
What is your thought on this matter?
What is your thought on this matter?
this is the real thing that disrupts the economy and makes people move from cash to crypto, whereas currently crypto, which is still in the development stage, has not yet been fully implemented and the various problems that are still evident are certainly not suitable for this
According to my opinion, I think It's income and should be taxed. There should be a tax on capital gains because it's income and the current law is that people pay taxes on their income. If we want to debate or reform that policy, perhaps we should, but then it should be targeted at all kinds of income taxes, not just capital gains taxes. Getting rid of capital gains taxes by themselves is simply a way to cut taxes on the rich, because the rich make more money through capital gains than poor people do.
What is your thought on this matter?
What is your thought on this matter?
Well, that's one of the reasons why people choose to invest in crypto to get away from taxes. However, I heard that in some countries they are being taxed from their income from cryptocurrency. It is not yet fully implemented world-wide, but I guess as crypto gets adapted by the mass, the government will start taxing it too.
Governments were much focused on the taxation process. One of major reason to oppose cryptocurrency is that they cannot tax the users as everything can be kept anonymous. In few countries cryptocurrency is listed under the commodity segment considering it equal to gold. But, they were unable to collect tax according to the transactions done. So, even if taxes were levied it won't be that effective.
Well, if you put a tax on gains, you should have a tax-off for losses....
There is a tax-off for losses but at present in the US. It's about 3500 dollars, which is a joke. No limit on how much you can pay but only how much you receive off your burden.
Well, if you put a tax on gains, you should have a tax-off for losses....
of course that does not have to happen, when you get the benefits of cryptocurrency you should not need to pay taxes because the profits from pure cryptocurrency you get it without any interference from other parties.
I think its better government collecting taxes from our gain not from our trade. Cryptocurrency is investment and if we collected by our trade, its must be very huge amount we should pay on taxes. But for more safe, better keep cryptocurrency as long term investment because sometimes government policy change
Tax is one of the state revenues used to run the wheels of government and development. The government is trying to impose tax on crypto in a way that does not impose the transaction from the crypto owner and provides security for investment and crypto trading.I think its better government collecting taxes from our gain not from our trade. Cryptocurrency is investment and if we collected by our trade, its must be very huge amount we should pay on taxes. But for more safe, better keep cryptocurrency as long term investment because sometimes government policy change
Tax is one of the state revenues used to run the wheels of government and development. The government is trying to impose tax on crypto in a way that does not impose the transaction from the crypto owner and provides security for investment and crypto trading.
unfortunately, not all tax regulations were written properly. taxes are collected for government services. but there should be a fair computation on which social class should be paying more.
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