Two things are certain: Bitcoin and Taxes - page 8.

Strongkored

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Quote from: yenxz on August 19, 2016, 02:52:53 AM

Sooner or later the government will fill us with taxes BTC . that is the reason there are many users do not want the government to interfere with BTC . I think fast or later rule that will happen . We'll see how the government had a role in this bitcoin tax .

I think if the government imposes a tax on bitcoin then it will also make bitcoin regulated by the government? And I think bitcoin will not be regulated by the government because of the decentralized nature of bitcoin. But it is possible it could also happen in the future. hehe IMO

eternalgloom

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Quote from: bitkilo on August 19, 2016, 01:33:14 AM

They used to double tax bitcoins where i live, 10% when purchasing and another 10% when selling. I'm glad the government changed that stupid law.

I get paid a percentage of my wage in bitcoin and nothing has changed from when i used to get paid completely in fiat, still running on PAYG (pay as you go tax)

Where do you live? That seems like something that could be avoided pretty easily and I've never heard of a law like that.

yenxz

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Sooner or later the government will fill us with taxes BTC . that is the reason there are many users do not want the government to interfere with BTC . I think fast or later rule that will happen . We'll see how the government had a role in this bitcoin tax .

1Referee

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Quote from: Senor.Bla on August 19, 2016, 02:06:49 AM

Quote from: Herbert2020 on August 19, 2016, 01:53:21 AM

Quote from: 1Referee on August 19, 2016, 01:44:17 AM

Quote from: mindrust on August 19, 2016, 01:36:34 AM

If you don't put any money on the banks, there is nothing they can do about this. No banks, no taxes. I want bitcoin to be more mainstream, so more sellers would accept bitcoin and i wouldnt forced to use Fiat but it seems it is not going to happen any time soon. People have gotten sick over their goverments and their shady acts that is why they dont wanna fuel up them with their taxes.

Not sure where you live, but here even if you don't have a bank account, you'll be forced to pay tax if you own a house, or have work that even pays you cash in your hand. If you're registered as citizen, but don't have work or any holdings at all, then you at least have to fill in a yearly tax report about what you have done. Even when you haven't done anything. There is no way to avoid it as citizen. Because if you don't fill it in..... They'll fine you heavily.

every country that has taxes is like this and i doubt that there is any place that don't take taxes, you pay them if you have a job and a salary, if you own some property like house, or even you are paying taxes when paying the bills or buying stuff.

you do not pay taxes if you have no source of income (or almost no income). this of course begs the question how you survive. the almost only way i see would be to live completely self sufficient. but if you live in a nice place and buy nice things then the government will want to now how this is possible. if you can not explain and prove this, then they will start to take away things. and if you are not able to pay you fine (no income remember) you will end up in jail.

As Herbert2020 also said in a previous post, you need to be some sort of a homeless man with no holdings at all in order to avoid the tax agency. Having that said, if you have an ID card or a passport, then you're at least forced to fill in a tax report once a year. If you don't do it this or next year, then you'll have to do it at the time you take a better position in life and have a house or something like that. Otherwise you'll need to stay homeless without holdings for your entire life.

mindrust

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Guys I am not talking about paying zero tax. Of course you have to pay something in order to survive but the government doesnt need to know about your bitcoins. If you dont tell them about it they wont fucking know a thing. If they dont know it, they wont tax you for it. So, keep your bitcoins in your private wallet and you will be safe.

Decoded

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give me your cryptos

This is why federal altcoins will not work. People use bitcoin ad it's one of the only things that they have total control of. (Does not mean they can't be forced into giving access to other people)

x|8y8|x

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to me if state impose tax on bitcoin its mean that they have accepted bitcoin that will be really a good decision, and it must be in favour of bitcoin, through this bitcoin will become more popular in the people.

virusasog

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Quote from: danherbias07 on August 19, 2016, 01:58:02 AM

Have thought about this and imagined when will this happen. Because it is true. Nothing is free in this world. Everything should be controlled or you pay if you want to be a little free.

Someday, it will be done. It might take long but it will be.

It's obviously If we render something we need to pay for it nothing is free. In bitcoin also it's same case we need to get pay for work what we are doing. It's all based upon the skillset what we have so utilise and earn through it.

Herbert2020

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Quote from: Senor.Bla on August 19, 2016, 02:06:49 AM

Quote from: Herbert2020 on August 19, 2016, 01:53:21 AM

Quote from: 1Referee on August 19, 2016, 01:44:17 AM

Quote from: mindrust on August 19, 2016, 01:36:34 AM

If you don't put any money on the banks, there is nothing they can do about this. No banks, no taxes. I want bitcoin to be more mainstream, so more sellers would accept bitcoin and i wouldnt forced to use Fiat but it seems it is not going to happen any time soon. People have gotten sick over their goverments and their shady acts that is why they dont wanna fuel up them with their taxes.

Not sure where you live, but here even if you don't have a bank account, you'll be forced to pay tax if you own a house, or have work that even pays you cash in your hand. If you're registered as citizen, but don't have work or any holdings at all, then you at least have to fill in a yearly tax report about what you have done. Even when you haven't done anything. There is no way to avoid it as citizen. Because if you don't fill it in..... They'll fine you heavily.

every country that has taxes is like this and i doubt that there is any place that don't take taxes, you pay them if you have a job and a salary, if you own some property like house, or even you are paying taxes when paying the bills or buying stuff.

you do not pay taxes if you have no source of income (or almost no income). this of course begs the question how you survive. the almost only way i see would be to live completely self sufficient. but if you live in a nice place and buy nice things then the government will want to now how this is possible. if you can not explain and prove this, then they will start to take away things. and if you are not able to pay you fine (no income remember) you will end up in jail.

in other words you have to live on the street and sleep under a bridge if you don't want to pay taxes.

and i don't know how other countries work but where i live (as i said in my previous comment) you are paying taxes even when you pay for your electric bill for example. there is part in the bill clearly showing the amount that you are paying extra and as tax on your using of these services.

NorrisK

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This is going to be a shitfest when the governments figure out how to reliably link bitcoin holdings to people..

Don't think because it cannot be directly traced to you that you don't have to pay taxes.. It is just like any other money you own. If you hold more than a certain amount, the government will tax you at one point. And you may even get fined if you do not disclose your holdings in the years before that happens.

And think about it, there is a reason we pay taxes since the ancient Egyptians 3000 BC. It was introduced as a way to provide for government spending without inflation. How are the governments going to subsidize schools, healthcare, defense, police? Taxes are needed and you should pay them.

Senor.Bla

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Quote from: Herbert2020 on August 19, 2016, 01:53:21 AM

Quote from: 1Referee on August 19, 2016, 01:44:17 AM

Quote from: mindrust on August 19, 2016, 01:36:34 AM

If you don't put any money on the banks, there is nothing they can do about this. No banks, no taxes. I want bitcoin to be more mainstream, so more sellers would accept bitcoin and i wouldnt forced to use Fiat but it seems it is not going to happen any time soon. People have gotten sick over their goverments and their shady acts that is why they dont wanna fuel up them with their taxes.

Not sure where you live, but here even if you don't have a bank account, you'll be forced to pay tax if you own a house, or have work that even pays you cash in your hand. If you're registered as citizen, but don't have work or any holdings at all, then you at least have to fill in a yearly tax report about what you have done. Even when you haven't done anything. There is no way to avoid it as citizen. Because if you don't fill it in..... They'll fine you heavily.

every country that has taxes is like this and i doubt that there is any place that don't take taxes, you pay them if you have a job and a salary, if you own some property like house, or even you are paying taxes when paying the bills or buying stuff.

you do not pay taxes if you have no source of income (or almost no income). this of course begs the question how you survive. the almost only way i see would be to live completely self sufficient. but if you live in a nice place and buy nice things then the government will want to now how this is possible. if you can not explain and prove this, then they will start to take away things. and if you are not able to pay you fine (no income remember) you will end up in jail.

danherbias07

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Have thought about this and imagined when will this happen. Because it is true. Nothing is free in this world. Everything should be controlled or you pay if you want to be a little free.

Someday, it will be done. It might take long but it will be.

Herbert2020

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Quote from: 1Referee on August 19, 2016, 01:44:17 AM

Quote from: mindrust on August 19, 2016, 01:36:34 AM

If you don't put any money on the banks, there is nothing they can do about this. No banks, no taxes. I want bitcoin to be more mainstream, so more sellers would accept bitcoin and i wouldnt forced to use Fiat but it seems it is not going to happen any time soon. People have gotten sick over their goverments and their shady acts that is why they dont wanna fuel up them with their taxes.

Not sure where you live, but here even if you don't have a bank account, you'll be forced to pay tax if you own a house, or have work that even pays you cash in your hand. If you're registered as citizen, but don't have work or any holdings at all, then you at least have to fill in a yearly tax report about what you have done. Even when you haven't done anything. There is no way to avoid it as citizen. Because if you don't fill it in..... They'll fine you heavily.

every country that has taxes is like this and i doubt that there is any place that don't take taxes, you pay them if you have a job and a salary, if you own some property like house, or even you are paying taxes when paying the bills or buying stuff.

Hamaber

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Quote from: mindrust on August 19, 2016, 01:36:34 AM

If you don't put any money on the banks, there is nothing they can do about this. No banks, no taxes. I want bitcoin to be more mainstream, so more sellers would accept bitcoin and i wouldnt forced to use Fiat but it seems it is not going to happen any time soon. People have gotten sick over their goverments and their shady acts that is why they dont wanna fuel up them with their taxes.

If you earn the bitcoin privately, then you might do not have to pay the income tax. That is similar to be paid in cash.

1Referee

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Quote from: mindrust on August 19, 2016, 01:36:34 AM

If you don't put any money on the banks, there is nothing they can do about this. No banks, no taxes. I want bitcoin to be more mainstream, so more sellers would accept bitcoin and i wouldnt forced to use Fiat but it seems it is not going to happen any time soon. People have gotten sick over their goverments and their shady acts that is why they dont wanna fuel up them with their taxes.

Not sure where you live, but here even if you don't have a bank account, you'll be forced to pay tax if you own a house, or have work that even pays you cash in your hand. If you're registered as citizen, but don't have work or any holdings at all, then you at least have to fill in a yearly tax report about what you have done. Even when you haven't done anything. There is no way to avoid it as citizen. Because if you don't fill it in..... They'll fine you heavily.

mindrust

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If you don't put any money on the banks, there is nothing they can do about this. No banks, no taxes. I want bitcoin to be more mainstream, so more sellers would accept bitcoin and i wouldnt forced to use Fiat but it seems it is not going to happen any time soon. People have gotten sick over their goverments and their shady acts that is why they dont wanna fuel up them with their taxes.

bitkilo

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https://www.bitcoin.com/

They used to double tax bitcoins where i live, 10% when purchasing and another 10% when selling. I'm glad the government changed that stupid law.

I get paid a percentage of my wage in bitcoin and nothing has changed from when i used to get paid completely in fiat, still running on PAYG (pay as you go tax)

mobnepal

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I think you are referring to transaction fee/miners fee in blockchain can be used as paying tax while doing financial transaction. And i also think that is possible if government launch blockchain based currency but centralized and only miners for the chain should be of government, So that all transaction fee goes to government pocket.

But the current bitcoin network is not compatible for taxation other than if government implement tax on deposit and withdraw on bitcoin trading platform.

Kakmakr

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Yes, pay your taxes so that the governments can fund wars to get more oil and also to bail out banks, after they printed
fake fiat money with zero value. You are backing the wrong horse, if you want people to support such corrupt practices. Our governments should protect us from banks and corrupt politicians, and then utilize our tax money to render basic services to keep us safe, and to protect our interest.

Your masters cannot complain, if they waste our tax contributions to fund unethical practices. We will pay what is due, because we are forced to do it, not because we want to do it. ^hmmmm^

jackg

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https://bit.ly/387FXHi lightning theory

Quote from: machinek20 on August 18, 2016, 08:18:07 PM

I think you have a great point, sooner or later the government is going to charge us with bitcoin tax, that is the reason there are a lot of the user dont want the government to interfere with bitcoin, but sooner or later the rules is going to happen, let just see when and how is the regulation

I think that's the point of it being decentralised. It is really hard for people to track it.
If hacking can take place in Bitcoin, so can tax evasion.

Quote from: ?? on ??

Quote from: franky1 on August 18, 2016, 07:27:35 PM

Quote from: DOGE12321 on August 18, 2016, 07:09:52 PM

I am not sure but doesn't the fact that Bitcoin runs on a decentralised system bypass taxes. The community is in charge of Bitcoin right.

My second point everyone wouldn't have to pay taxes because they don't gamble or trade. Taxes only apply for gamblers or traders as you said.

governments cannot automaticly remove bitcoin out of someones bitcoin private key. but they can take fiat out of bank accounts with a court order.

with a few laws, governments can 'threaten' its residents that if they hold bitcoin they need to pay a percentage of bitcoin value to the government or face legal action.

at the moment in most developed countries, bitcoin is classed as an asset. and so any income or gains you make from your assets need to be declared and taxed.
at the moment bitcoin is treated as a civil thing (finance), meaning there are some loopholes, but if they raised it to criminal, then things can get nasty

its not about the currency.. taxes are predominently about where you reside and the laws of the land you reside on. no matter what the currency is.

And this washed away any hope of actually being your own bank.

You will always owe your master.

The State will not go quietly into the night and any thoughts of liberating yourself from the clutches of corruption is built on false assumptions.

When they are ready to send out enforcers they will.

By that point though the body will have already signed the contract.

"Give back to Caesar what is Caesar's and to God what is God's."

People keep forgetting what the term "web" means.

I think you keep forgetting the term of sanity?
This seems a bit rant like and is quite odd (not usually the thing done with people who have Bitcoin).

Topic: Two things are certain: Bitcoin and Taxes - page 8. (Read 7445 times)