Taxes and regulations - page 6. | Bitcointalksearch.org

mimienamphine

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Quote from: richardsNY on May 05, 2018, 06:52:25 PM

Quote from: mimienamphine on May 05, 2018, 05:19:41 PM

I think taxes are outdated because the authorities are no more using our taxes for the intended purpose.They are stealing our taxes to enrich themselves so I honestly do not support taxes now because of our leaders actions.

Finally someone thinking like me. I am not against taxation, but not in the way we as tax payers only serve as cash cows for the government. I am seriously done with that -- the worst part is that people aren't subject to tax once, but their entire life when it concerns the same amount of money. It's pure theft when you are being taxed every year over the same amount of money. It's a system where if you don't do anything to up your fiat wealth, the constantly returning taxes will empty your bank account within a few decades, and that process speeds up significantly when you also calculate how much value your fiat wealth is losing year after year. In all the years that we as brave citizens paid out due taxes, has anything within your state or country actually improved? I only see everything go backwards instead of forwards....

STEALING TAXPAYERS MONEY IS HUMAN RIGHT ABUSE
I know countries that have death trap as roads,schools under trees,graduate unemployment,extreme poverty etc but the politicians ride in the latest V8 landcrusers,long convoys ,stealing tax payers money and store in foreign accounts and do all sort of atrocities.When it is time for elections,they will promise the electorates heaven on earth just to get voted into office again.Politicians live in affluence and their neighbours (taxpayers) eat dry bread.It is high time we stop this tax matters.Our taxes are not used for developments anymore so no more taxes.Did God not create us equal? why then do we sit down and allow a few people to waste our hard earned money like we just picked the money on the street? Let us think and arise for this is a form of human right abuse.But the same politicians will preach against human right abuse.Not using tax payers money for the intended purpose is the highest form of human right abuse.To me they are like vampire drinking the blood of patriotic citizens who really desire development for their countries.

nsasuiteb

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BAILOUT

Bitcoin is mostly seen as possession so it is taxed but I think in the future it will be rather seen as currency and there will be no taxation, it might be about its extreme gains against usd.

kryptqnick

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Quote from: Eternu on May 05, 2018, 03:51:01 PM

To be honest I use crypto as an asset, most of the times at least. But my opinion is that crypto should be used for paying and not holding. After all bitcoin is made to be currency and not asset. But governments will not accept crypto without taxes, so I guess taxes are maybe inevitable.

Most of people use crypto as an asset. They hold it or sell for real money in case they want to buy some goods. That's the problem, basically, that currencies do not often function the way they should. In fact, many altcoin projects are actually even far from being means of payment. I am talking about blockchain projects on recognition, mobile mining, music mining and stuff like that. They are just monetized blockchain start-ups, not currencies.
As for the govs, Switzerland is accepting cryptos and treats them as currencies, not assets, so they're not getting taxed.

NiinaKub

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Quote from: kryptqnick on May 05, 2018, 01:34:41 PM

Today I was on a conference in Vilnius and went on a lecture about cryptocurrencies. I would like to share some aspects which I did't see so clear before. As we know, among those states which want to regulate cryptos, there are those which consider them as property and others as means of payment. The first approach is usually seen when there are tax companies around, because money is not taxed, but possession is. So when a state days they consider cryptos as property, it means they are getting taxed, while this is not the case with means of payment.
What do you think of this?

very big problems with this right now, there is no any modern laws in our country about crypto, so i dont know do i need to pay taxes when i cash out,because i cant really explain how i got this money. i hope crypto will be regulated for such problems, i can pay taxes but i should crearly know where and when

EdenHazard

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I am not concerned about cryptocurrency users to pay taxes if the government does require users of cryptocurrency. But the question is, what is the function or contribution of government to cryptocurrency? If it only legalizes as a means of payment I think the cryptocurrency user does not want that.

I agree with you, the payment tool is not worth the tax. I have never heard that a person who has money is required to pay taxes unless he is through the process of working in one of the companies in that country. But cryptocurrency, we work in cryptocurrency, not through the government at all. I'll agree if the government requires paying taxes to users of cryptocurrency provided they have to give a positive contribution to cryptocurrency, that would be very fair.

Tynovten_

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Even if that's not in propery category, it still struck by tax, produce tax. And this is that still being polemic in some countries because there's no rules yet or law that push on crypto. So the accepted is still pro and contra.

carlisle1

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Quote from: Wexnident on May 06, 2018, 05:59:16 AM

Quote from: Indrawan77 on May 05, 2018, 09:02:37 PM

Well it depends on how the government look at crypto, crypto was meant as currency but in reality more people are using it as assets, so when the government state crypto as asset it is not a wrong judgement, but I believe it should be treated as currency because the main purpose of crypto being created was as currency, for me taxing crypto is not a problem but the government should go easy on the tax percentage

That's right I do agree that it is good to have taxes because as far as I know taxes are usually use for enhancement and to fully development of our economy. In having taxation in crypto let just consider that we can also help others in that way and maybe all of the people connected to crypto will be much agree to this when the taxes that subjected to it will be reasonable for us so no one will objected to this.

Youre not only helping others when we pay taxes were helping the country and mybe the world..

I dont know why most of us here re threatened by the government issue to have pay their taxes..

But if were looking for the brightness of future well we must consider that tax will give opportunity to all the government to open their door to crypto and we all will benefits from this

pallang

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It depends on the government what are the regulations and how to collect taxes in Bitcoin because transactions are done through internet and theres no tax to be collected unlike working on government and private establishment that they are oblige to pay their taxes.

Eternu

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Quote from: mimienamphine on May 05, 2018, 05:19:41 PM

I think taxes are outdated because the authorities are no more using our taxes for the intended purpose.They are stealing our taxes to enrich themselves so I honestly do not support taxes now because of our leaders actions.The regulations on bitcoin is also against cryptocurrency which should change now.This is a free world so I do not understand why governments try to regulate bitcoin because they are afraid of losing taxes.

Taxes can't become outdated, because they are necessary for stability and quality of country. There are corrupted governments and we are all aware of that, if that is the case in your country... than next time try to vote for better leader I guess. But no matter how much we struggle, regulations are coming and honestly I think that they will improve some things for Crypto. Because when governments start to regulate crypto, it will mean that crypto is totally legal for using. And many of those people looked on crypto as something that is illegal or fake, they will change their view and many new users will join. There are other reasons why governments want to regulate crypto, and criminal is one of them. I guess that government's problem with regulating crypto is not as simple as we think.

thrylos

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Quote from: kryptqnick on May 05, 2018, 01:34:41 PM

Today I was on a conference in Vilnius and went on a lecture about cryptocurrencies. I would like to share some aspects which I did't see so clear before. As we know, among those states which want to regulate cryptos, there are those which consider them as property and others as means of payment. The first approach is usually seen when there are tax companies around, because money is not taxed, but possession is. So when a state days they consider cryptos as property, it means they are getting taxed, while this is not the case with means of payment.
What do you think of this?

Actually bitcoin could not be a property and will never be, if we dig it personally currency is about money not a property. I believe the very reason why they want bitcoin to be declare as property in order for them to get some tax from it. And I think government is driven by the force of greediness, thinking that if they can manage to get tax from it, this could be their another source of income.

Jonsnowstark

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Quote from: kryptqnick on May 05, 2018, 01:34:41 PM

Today I was on a conference in Vilnius and went on a lecture about cryptocurrencies. I would like to share some aspects which I did't see so clear before. As we know, among those states which want to regulate cryptos, there are those which consider them as property and others as means of payment. The first approach is usually seen when there are tax companies around, because money is not taxed, but possession is. So when a state days they consider cryptos as property, it means they are getting taxed, while this is not the case with means of payment.
What do you think of this?

This is because these states see crypto as an asset and not a currency. Not many people use it to buy and not many merchant accepts it as payment. That is the reason why these states are setting up a regaulation to tax crypto. Because all assets are to be taxed. That's why if we use bitcoin as a mode of payment, these will not be taxed.

Daniel91

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Quote from: masterchief001 on May 06, 2018, 08:59:24 AM

Do you think we should pay a bitcoin tax? Bitcoin managers should also have strict rules to ensure the safety of users. Bitcoin also means that it is legitimate income and a valuable asset.

You should check law in your country.
Every country have different laws and regulations.
For example, in my country, btc is not recognized as money or financial asset.
So, I don't need to pay bitcoin tax but if I echange my btc tax to my local money, than I have to pay tax.

masterchief001

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Do you think we should pay a bitcoin tax? Bitcoin managers should also have strict rules to ensure the safety of users. Bitcoin also means that it is legitimate income and a valuable asset.

Ammenz

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If bigger government, higher taxes, larger subsidies, more regulations and double-digit minimum wages led to better middle- class ...

Johnny Lgz

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That why we need to declare things as our own, declare that you earn some $500 worth from crypto trading and online investing then you pay tax if there is so when someone notice your savings and they know you don't have work then you can just show your declaration or tax exemption on trading and you'll be safe to any large violation.

Tynovten_

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If you want to invest, this thing is really important for me, you can see the responsive people behind ico here, beside that there are so many informations that you can get here of course. You don't need to regularly take a peek at the website to get information.

efxtrader

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Quote from: kryptqnick on May 05, 2018, 01:34:41 PM

Today I was on a conference in Vilnius and went on a lecture about cryptocurrencies. I would like to share some aspects which I did't see so clear before. As we know, among those states which want to regulate cryptos, there are those which consider them as property and others as means of payment. The first approach is usually seen when there are tax companies around, because money is not taxed, but possession is. So when a state days they consider cryptos as property, it means they are getting taxed, while this is not the case with means of payment.
What do you think of this?

Government collecting taxes on bitcoin trade. If bitcoin as an assets, we will make trade with others and thats means we make profits and as far i know, that profits are taxed by government but maybe i am wrong

Wexnident

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Quote from: Indrawan77 on May 05, 2018, 09:02:37 PM

Well it depends on how the government look at crypto, crypto was meant as currency but in reality more people are using it as assets, so when the government state crypto as asset it is not a wrong judgement, but I believe it should be treated as currency because the main purpose of crypto being created was as currency, for me taxing crypto is not a problem but the government should go easy on the tax percentage

That's right I do agree that it is good to have taxes because as far as I know taxes are usually use for enhancement and to fully development of our economy. In having taxation in crypto let just consider that we can also help others in that way and maybe all of the people connected to crypto will be much agree to this when the taxes that subjected to it will be reasonable for us so no one will objected to this.

CuriousGeorge

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KUWA.ai

Even in my country, everything that could adds up to my wealth and increases it will be taxed. Bitcoin taxation is not a new thing, when you trading bitcoin, it will be also considered as income and it dcan be taxed aswell.
So basically, just pay the taxes and obey the regulation, if you don't want to get the bad consequences of course.
However there's some country that taxes bitcoin directly through exchangers, for example, japan.

Betwrong

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Quote from: mimienamphine on May 05, 2018, 05:19:41 PM

I think taxes are outdated because the authorities are no more using our taxes for the intended purpose.They are stealing our taxes to enrich themselves so I honestly do not support taxes now because of our leaders actions.The regulations on bitcoin is also against cryptocurrency which should change now.This is a free world so I do not understand why governments try to regulate bitcoin because they are afraid of losing taxes.

This is true only to an extent. The governments do steal taxes either to enrich themselves or to consolidate the grip by raising the salary of the police and the army. But not all the taxes are being stolen. They do build public schools and hospitals, and the police not only protects the governments from their people but also protects people from thieves, mobsters and terrorists. So, if you want to live in a civilized society you have to admit that the taxes are necessary, regardless of what Murray N. Rothbard taught us to believe when we were young.

Topic: Taxes and regulations - page 6. (Read 2216 times)