Topic: Two things are certain: Bitcoin and Taxes - page 9. (Read 7445 times)
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'm conused as to what this is about but do know that I am currently not in any debt to my local government.
I do not need to pay tax as I do not have to pay tax when changing from Bitcoin to Fiat (my government say that Bitcoin is a currency in itself and is taxable in the same way as Fiat).
I also do not need to pay income tax as my signature does not earn me more than ~$150 a week or ~$1300 a month.
I do not need to pay tax as I do not have to pay tax when changing from Bitcoin to Fiat (my government say that Bitcoin is a currency in itself and is taxable in the same way as Fiat).
I also do not need to pay income tax as my signature does not earn me more than ~$150 a week or ~$1300 a month.
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.
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.
Easy money comes at a large price.
Nothing in life is free.
Nothing in life is free.
That's true, and Bitcoin isn't easy or free.
WHEN LARGE FINANCIAL INSTITUTIONS ADOPT BLOCKCHAIN TECHNOLOGY IT IS BECAUSE THEY SEE ABSOLUTE UNTESTABLE POWER.
It's up to each one of us to decide to use a private blockchain or not
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.
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.
I doubt many of you care at this moment what Bitcoin is capable of achieving.
Most likely one of the most efficient automated taxation schemes on planet Earth.
I believe many of you gamblers and builders of the Bitcoin ecosystem haven't paid a dime yet to any of your local governments (that require them).
It's starts with voluntary taxation (exchange fees and transaction fees) but just wait until just the right "Federal Reserve" type coin gets released and fully adopted.
Then be prepared to repeat history as you breathe life into the new "State of Government".
Easy money comes at a large price.
Nothing in life is free.
Are you ready to sell your seed right up the river?
So quick to lay a brick on a building that should be condemned?
WHEN LARGE FINANCIAL INSTITUTIONS ADOPT BLOCKCHAIN TECHNOLOGY IT IS BECAUSE THEY SEE ABSOLUTE UNTESTABLE POWER.
The animals start the engine and then they show the world how bad you are mucking it up then they take it over.
It's that simple.
Bagged, tagged, and taxed.
Most likely one of the most efficient automated taxation schemes on planet Earth.
I believe many of you gamblers and builders of the Bitcoin ecosystem haven't paid a dime yet to any of your local governments (that require them).
It's starts with voluntary taxation (exchange fees and transaction fees) but just wait until just the right "Federal Reserve" type coin gets released and fully adopted.
Then be prepared to repeat history as you breathe life into the new "State of Government".
Easy money comes at a large price.
Nothing in life is free.
Are you ready to sell your seed right up the river?
So quick to lay a brick on a building that should be condemned?
WHEN LARGE FINANCIAL INSTITUTIONS ADOPT BLOCKCHAIN TECHNOLOGY IT IS BECAUSE THEY SEE ABSOLUTE UNTESTABLE POWER.
The animals start the engine and then they show the world how bad you are mucking it up then they take it over.
It's that simple.
Bagged, tagged, and taxed.
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