Topic: Taxes and crypto. - page 2. (Read 783 times)
Bitcoin created meant to be a decentralized economic system. And in my opinion, taxing it will make it just like other centralized economics. I'm sure there is no other way of taxing it because of the greedy governments. So i believe using it in anonymous is the only option.
I don't mind to pay tax, but governments should make it attractive. The way it looks now, is that they want to tax you to your death, to scare you off doing it. There should be a balance and proper rules in place, and the tax should be the same, as you pay, when you trade Forex or Stocks.
It does not look like that but it is this way, the government wants to tax us to our deaths. You really think they are not after our money. All they want is to rule over us and control all the aspects of our lives so that we cannot even dream to disobey them. The idea of paying tax on crypto currencies is annoying and unbearable. Nobody wants to see government getting benefit out of his digital asset. 
I do not think that there are many people who will want to pay taxes for the profits received from the crypto currency. Although later in some countries can introduce it.
The issue is lack of trust and excess of taxes. People are already overloaded with taxes, even the food for babies is not tax free.
How does everyone feel about being taxed on profits earned through crypto currencies. We all took the leap of faith and risked our money, if we had all lost our money would the IRS still be interested in taxing us. Dont think so.
How far do you think governments will go to get a piece of the action?
How far do you think governments will go to get a piece of the action?
A BIG NO! I have a regular job and I pay my full tax I hope that is enough, If they put tax on bitcoin they should put it to the business owner who uses bitcoin or to the people who earn a huge amount, not those who earn a very little just to help their family and regular expenses, but its the government we cannot oppose the government that's the sad part, nothing can be done, if the government wants to have tax for bitcoin and other cryptocurrencies.
I admit that I have a conflicting position on this subject: on the one hand, I agree with the fact that everyone has to make a contribution to the society based on their profits; on the other hand, when I see what kind of misuse politicians do of our money, I arrive to the conclusion that if I can hide something from bureaucrats it's not dishonesty but just self defense!
This is not only about bitcoin, but about earning in general.
For now, there is no clear legislation in Europe, so I don't worry. Not yet. We'll see the next moves.
This is not only about bitcoin, but about earning in general.
For now, there is no clear legislation in Europe, so I don't worry. Not yet. We'll see the next moves.
The reason on why government imposes tax on almost everything as this fuels their expenditure for the developments and improvements of infrastructures, provide funding for departments and bureaus, provide job opportunities, etc. Though the problem lies with cryptocurrency being taxable or not since most countries does not provide laws for it. Tax imposition is always a double-edged sword towards a working individual, especially when the corruption occurs inside these government agencies.
I do not agree if the crypto is taxed, because bitcoin is not set by the government
Cryptocurrencies in general are not taxed due to its decentralized nature. It'll be hard for them to regulate transactions at the blockchain and impose tax on something that is volatile.
I pay enough tax already outside the crypto field, so I am definitely not letting to government eat off any of my crypto holdings. The downside of this is that my freedom to have it converted back to fiat gets drastically limited by doing so. It doesn't mean that I can't have it sent to my bank account, but these bastards register and report everything, which is forming quite an obstacle. Good thing however is that I am not a fiat centric person, which means that I gladly keep holding on to my coins for plenty of more years, just like I have always been doing. Don't get me wrong, I don't mind paying tax, but it has to be reasonable and limited - it's pure theft to require people to have them pay tax endlessly over the same amount of money.
It's a system based on debt that will drain your wealth bit by bit throughout the years till you have nothing left. Seriously, the majority of people only see their wealth shrink and shrink, where they will end up broke at whatever point in time. I am glad that Bitcoin allows me to outrule this poverty stimulating rubbish system.
It's a system based on debt that will drain your wealth bit by bit throughout the years till you have nothing left. Seriously, the majority of people only see their wealth shrink and shrink, where they will end up broke at whatever point in time. I am glad that Bitcoin allows me to outrule this poverty stimulating rubbish system.
The problem with the tax system is that it eats up a huge chunk of your earnings. As much as you want to contribute to your own community and be a law-abiding citizen, it's sometimes become detrimental on your side.
Convenient for you that you don't need to have fiat, unlike others who rely on their crypto and frequently have to exchange their crypto into fiat. In that case, they would have no choice but go through having to deal with the government's implications or tax regulations made by them. I would have to agree since I normally wouldn't mind having to pay taxes however it's sometimes too much when you have to pay a huge percentage of your earnings. Instead of using that amount for other things or putting it in your savings, you are forced to pay just because you earn - and sometimes it's just too much of a hassle and unfair to the crypto-user.
This is a given; taxes paid reduces the amount of money you have. But they are necessary because government is necessary and the government needs funding. If taxes are too high, that's an issue that needs to be solved at the ballot box. In the US, we have a party that pretends to be fiscally conservative, but just passed a massive tax cut that primarily benefits the wealthy in a total abandonment of their pledge to fiscal restraint. If the government is running deficits, it is not currently paying for its current level of function, and cutting taxes is not going to improve the situation.
I admit that I have a conflicting position on this subject: on the one hand, I agree with the fact that everyone has to make a contribution to the society based on their profits; on the other hand, when I see what kind of misuse politicians do of our money, I arrive to the conclusion that if I can hide something from bureaucrats it's not dishonesty but just self defense!
This is not only about bitcoin, but about earning in general.
For now, there is no clear legislation in Europe, so I don't worry. Not yet. We'll see the next moves.
This is not only about bitcoin, but about earning in general.
For now, there is no clear legislation in Europe, so I don't worry. Not yet. We'll see the next moves.
Oh man! There is a huge harm in giving something back most especially when those you are giving are the corrupt government who has screwed us all with their stupid taxes. It is a pain in the arise and I cannot wait for the day I will be able to spend my bitcoin without having to convert to fiat.
I am still very optimistic that day is going to come, so I am saving up for it, and they can keep taxing up their fiat until that moment comes, but my bitcoin profit, they can go screw themselves. Enough is enough!
It is really easy to say that you are against taxation because the government is not doing anything for your benefit,it is true that the politicians are looting us while they are enjoying all the benefits while the common man suffers,but you have to obey the law in order to live a peaceful life without getting into trouble and if they find out the transactions being done without paying the taxes properly the IRS could impose a huge fine for your actions,so you have to be careful with that. I am still very optimistic that day is going to come, so I am saving up for it, and they can keep taxing up their fiat until that moment comes, but my bitcoin profit, they can go screw themselves. Enough is enough!
Not that I'm pro about it but I would rather have my bitcoin earnings taxed (reasonably) rather than having bitcoin eyed as a means of tax evasion and get banned altogether. It's the simplest and legal compromise that we can do to keep our precious bitcoin alive.
I don't mind to pay tax, but governments should make it attractive. The way it looks now, is that they want to tax you to your death, to scare you off doing it. There should be a balance and proper rules in place, and the tax should be the same, as you pay, when you trade Forex or Stocks.
I don't mind paying taxes on the country because I love my country even though I know where the money I spend wil run, my country is a corrupt country, the disease is hard to cure
but if I have to pay the crypto tax on the state I do not agree because in crypto I feel free if I have to pay my taxes i will be in forex
but if I have to pay the crypto tax on the state I do not agree because in crypto I feel free if I have to pay my taxes i will be in forex
How does everyone feel about being taxed on profits earned through crypto currencies.
I would choose to be taxed rather than to see my fellow crypto people suffer from the ban implemented by our country. This way is better than to see people hiding from their house and dealing crypto's illegally.We all took the leap of faith and risked our money, if we had all lost our money would the IRS still be interested in taxing us. Dont think so.
If I'm correct, our money are taxable if we cash out but if it remains to our bitcoin wallet its not yet counted.How far do you think governments will go to get a piece of the action?
When there are news about regulations, expect that it will be followed by taxation. 
I think they will do whatever it takes.. 
Okay! Let's see where that whatever it takes end up leading them. Sure, they are so scared about the fact that people will see their crazy tax for what it is and will see cryptocurrency as a way of screwing them back the same way they have been stealing from us over the years from paying taxes and not seeing anything to show for it while some thieves keep living large. It is painful we have to convert to fiat now to be able to make use of our digital currencies, but on a normal day, to heck with them and their tax. 
Think realistically, even today cryptos are treated as digital assets not currency. Cryptos are not yet widely used directly in the real market we have to convert it into fiat for use in daily life purchasing. So in short we are paying taxes after converting it into fiat, if government is going to tax cryptos on network it will be totally unfair because we have to pay tax on both checkpoints(i.e in cryptos and after converting it into fiat).
Governments are trying to create a bottleneck for the crypto users and it is expected that a big crackdown is on the way, I don't know how they will going to do it but they are trying.
Governments are trying to create a bottleneck for the crypto users and it is expected that a big crackdown is on the way, I don't know how they will going to do it but they are trying.
I pay enough tax already outside the crypto field, so I am definitely not letting to government eat off any of my crypto holdings. The downside of this is that my freedom to have it converted back to fiat gets drastically limited by doing so. It doesn't mean that I can't have it sent to my bank account, but these bastards register and report everything, which is forming quite an obstacle. Good thing however is that I am not a fiat centric person, which means that I gladly keep holding on to my coins for plenty of more years, just like I have always been doing. Don't get me wrong, I don't mind paying tax, but it has to be reasonable and limited - it's pure theft to require people to have them pay tax endlessly over the same amount of money.
It's a system based on debt that will drain your wealth bit by bit throughout the years till you have nothing left. Seriously, the majority of people only see their wealth shrink and shrink, where they will end up broke at whatever point in time. I am glad that Bitcoin allows me to outrule this poverty stimulating rubbish system.
It's a system based on debt that will drain your wealth bit by bit throughout the years till you have nothing left. Seriously, the majority of people only see their wealth shrink and shrink, where they will end up broke at whatever point in time. I am glad that Bitcoin allows me to outrule this poverty stimulating rubbish system.
The problem with the tax system is that it eats up a huge chunk of your earnings. As much as you want to contribute to your own community and be a law-abiding citizen, it's sometimes become detrimental on your side.
Convenient for you that you don't need to have fiat, unlike others who rely on their crypto and frequently have to exchange their crypto into fiat. In that case, they would have no choice but go through having to deal with the government's implications or tax regulations made by them. I would have to agree since I normally wouldn't mind having to pay taxes however it's sometimes too much when you have to pay a huge percentage of your earnings. Instead of using that amount for other things or putting it in your savings, you are forced to pay just because you earn - and sometimes it's just too much of a hassle and unfair to the crypto-user.
I do not think that there are many people who will want to pay taxes for the profits received from the crypto currency. Although later in some countries can introduce it.
As per current situations, I believe taxation on bitcoin probably far better than completely banning bitcoin usage. Anyhow, we bitcoiners are having some solutions always. Hence we never need to worry.
How does everyone feel about being taxed on profits earned through crypto currencies. We all took the leap of faith and risked our money, if we had all lost our money would the IRS still be interested in taxing us. Dont think so.
How far do you think governments will go to get a piece of the action?
Oh man! There is a huge harm in giving something back most especially when those you are giving are the corrupt government who has screwed us all with their stupid taxes. It is a pain in the arise and I cannot wait for the day I will be able to spend my bitcoin without having to convert to fiat.How far do you think governments will go to get a piece of the action?
I am still very optimistic that day is going to come, so I am saving up for it, and they can keep taxing up their fiat until that moment comes, but my bitcoin profit, they can go screw themselves. Enough is enough!
I do not agree if the crypto is taxed, because bitcoin is not set by the government
How does everyone feel about being taxed on profits earned through crypto currencies. We all took the leap of faith and risked our money, if we had all lost our money would the IRS still be interested in taxing us. Dont think so.
How far do you think governments will go to get a piece of the action?
We put high risk just to earn profit from crypto trading and we also pay enough taxes with our own jobs which I think is already efficient enough for the government.How far do you think governments will go to get a piece of the action?
If they enforce the taxes, they should study first the world of crypto. The goverment will be more like scammer that sucks your earning even in the you havent earned enough. I think there will be more discussion on this if they will imply these law of taxes which will make the crypto market dead for these actions.
I believe governments do not deserve to tax earnings from cryptocurrencies. We are all seeing how government is attacking bitcoin as their see it as a scam and not something worthwhile.
Taxation on cryptocurrencies is very unfair and pay it to government is what I will find difficult to do. But if your minds condemned you about it then you should pay.
Taxation on cryptocurrencies is very unfair and pay it to government is what I will find difficult to do. But if your minds condemned you about it then you should pay.
Well, In that case buddy we have nothing to do if the government ask for taxes since they can easily control our system by blocking the internet connections relying crypto currencies sitew, as what happened to those countries didn't legalized crypto currencies. What I mean its because it's been part of our law to pay our taxes, on my opinion about that I prefer to have taxes rather that banning crypto currencies in my country.
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