Topic: Why tax money/BTC? - page 2. (Read 2887 times)
we pay taxes round about every thing. i thing government run of taxes, and if some thing is legal it must pay taxes. but it is also important to explain that what kind of taxes are to be applied. value added taxes income taxes and other ones.
Are you talking about all taxes or value added tax on the coins themselves? I know that was proposed in a few places and shot down as plain stupid but I think Australia was stupid enough. Sounds like they're thinking of changing it now.
No one likes taxes, but you pay them or run the risk of getting everything legally taken from you at the point of a gun, plus you get to go to prison.
Anyone who evades taxes is a total idiot in my opinion.
Pay unto Caesar what is Caesar's.
Anyone who evades taxes is a total idiot in my opinion.
Pay unto Caesar what is Caesar's.
What is legal or not is defined by the gov's / people.
We are talking about bitcoin scenario not fiat money. When you are working you are subject to be taxed on your salary, not the work itself. Bitcoin has miners ( work ) and you are already taxed for that in the miners you buy for mining. Taxing Bitcoin doesn't make sense to me for the previous reason, also if they state it as "virtual money" they cannot tax it as Bitcoin acts like it's own bank, connecting people all around the world, making it a humanity piece.
Bitcoin is also MIT licensed as you may know... https://opensource.org/licenses/MIT making whoever is taxing it going against "x" international laws.
Bitcoin being taxable would imply being a product of a gov, which is not. Everything Satoshi fights against.
No one likes taxes, but you pay them or run the risk of getting everything legally taken from you at the point of a gun, plus you get to go to prison.
Anyone who evades taxes is a total idiot in my opinion.
Pay unto Caesar what is Caesar's.
Anyone who evades taxes is a total idiot in my opinion.
Pay unto Caesar what is Caesar's.
I do not agree that it should be "free of taxes", in my opinion it should be taxed. Being taxed is just a sign government is respecting it.
So you are acknowledging who doesn't tax it doesn't respect it? Bitcoin can be seen as a threat to economy in the future, that might be the main justification to tax it, even though a hidden one.
If the tax is not abusive, I don't see a problem. I pay taxes if I want to exchange my local fiat to USD, EUR, GBP... Then if Bitcoin is a currency it should be treated as such.
TAX IT!
TAX IT!
Doesn't make any sense, you already pay the local exchange tax to exchange it to fiat. If Bitcoin is being treated as money a value-added tax cannot apply in the same way as fiat. You could tax the purchase of goods/services, however Bitcoin has it's on network and will not happen for good.
I do not agree that it should be "free of taxes", in my opinion it should be taxed. Being taxed is just a sign government is respecting it.
And I hope you know why you are paying taxes. No one is in no way obligated to live under government's surveillance, you can go, fight for terrain, make it your country, and do not collect taxes.
If the tax is not abusive, I don't see a problem. I pay taxes if I want to exchange my local fiat to USD, EUR, GBP... Then if Bitcoin is a currency it should be treated as such.
TAX IT!
And I hope you know why you are paying taxes. No one is in no way obligated to live under government's surveillance, you can go, fight for terrain, make it your country, and do not collect taxes.
If the tax is not abusive, I don't see a problem. I pay taxes if I want to exchange my local fiat to USD, EUR, GBP... Then if Bitcoin is a currency it should be treated as such.
TAX IT!
Depends on what type of tax you're talking about. Stuff like value added tax is ridiculous and shouldn't apply. If you make a massive capital gain on them and sell then I don't see why it should be exempt.
they want to taxe it since they are not contorlling it, so this si a way for them to have at least a portion of the revenue, you can not compare it to fiat, were they earn interest from fractional reserve and opther legal scam behavior
but i do agree that bitcoin should be exempt from taxes, kudos to europe which apparently did understand this, and i'm lucky that i live in the euro zone and not in the usa...
but i do agree that bitcoin should be exempt from taxes, kudos to europe which apparently did understand this, and i'm lucky that i live in the euro zone and not in the usa...
http://www.bloomberg.com/news/articles/2015-10-22/bitcoin-virtual-currency-exchange-is-tax-free-eu-court-says-ig21wzcd
"Bitcoin got a boost at the European Union’s top court after judges said exchanging virtual currencies should be exempt from value-added tax in the same way as traditional cash."
Do it right Japan.
"Bitcoin got a boost at the European Union’s top court after judges said exchanging virtual currencies should be exempt from value-added tax in the same way as traditional cash."
Do it right Japan.
"Money was created to be a payment way for "value" , it should be universal as bitcoin is and without barriers. It shouldn't be taxed by the gov's cause it makes them act like a "global company" and subject to differences, meaning advantage/disadvantage on each country.
Bitcoin was not created by humanity cause a single/group of individuals had to do it, but it is made for humanity. Gov's should not have the right to tell something should be taxable if humanity accepts it as a whole, the same applies for other coins, if they are doing it they are going against human rights, they are also saying it is "money" cause there isnt such thing of "virtual money" if it has the same applications.
Bitcoin users and supporters should go against whoever is against the human rights."
Bitcoin was not created by humanity cause a single/group of individuals had to do it, but it is made for humanity. Gov's should not have the right to tell something should be taxable if humanity accepts it as a whole, the same applies for other coins, if they are doing it they are going against human rights, they are also saying it is "money" cause there isnt such thing of "virtual money" if it has the same applications.
Bitcoin users and supporters should go against whoever is against the human rights."
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