Author

Topic: Will you accept bitcoin as your salary? - page 103. (Read 183594 times)

full member
Activity: 210
Merit: 100
August 05, 2016, 10:45:45 AM
You'll still pay taxes, it's necessary for anything to run with taxes.
sr. member
Activity: 491
Merit: 250
August 05, 2016, 10:34:15 AM
For me i do not like to received my salary in terms of bitcoin i do not like the fluctuation of its price but if my company will used bitcoin to be our salary i want to received equal on how much is my salary now.
actually salary will affect you after receiving your salary because the company will going to buy bitcoin equal amount with your salary and then send it to you immediately,it means you're receiving an equal amount as your salary
getting salary in BTC is the good thing ever... you are not suppose to pay tax... your salary keep increasing without keeping in Bank.... you a can carry a million dollor just in your wallet..
so salary in BTC is a good thing
legendary
Activity: 2436
Merit: 1008
August 05, 2016, 08:50:50 AM
You will get rid of tax only if you are able to spend bitcoins everywhere to buy anything and if you will prefer to transfer your bitcoins to your bank account then you need to pay taxes at the end of financial year.

Agree. Also even with a direct purchase from merchants with the use of bitcoin, all products there are already taxable so the suggested price in bitcoin is the srp + tax. Products are taxable in every country so in order for the merchants to have some profit for it they will add some value for that said product.

Yeah and I think at this stage buying anything with bitcoin is not profitable as usage is limited to online purchases and shipping costs are huge and not affordable to majority of us.

Agree in most of the cases. There is no competition between the bitcoin merchants that's why expect some higher price of those product that will include in those bitcoin merchants. If there is a competition, expect now some lower price of some products in most of the cases.
full member
Activity: 196
Merit: 100
August 05, 2016, 08:04:29 AM
In Europe there is a hot new pertaining to a company whose going to introduce paying bitcoins to their employees. But given the instability of the bitcoins market value is it an advantage for the employees or an disadvantage. In my opinion this kind of payment for salary is not yet beneficial to employees not until bitcoins price has become stabled. Though if bitcoin will start to increase its monetary value it can be advantageuos but if not then it is a peril to the employees. So what do you think, what is your opinion on this matter?
well i dont think i would nt accept bitcoin as salary ..because its market value changes all thhe time .and ur company pays u bitcoin acc to today s market value but then tomorrow its value decreased ..then i dont think its useful at al and i would nt trust it too ..kudoos Smiley
hero member
Activity: 938
Merit: 1000
August 05, 2016, 07:56:45 AM
You will get rid of tax only if you are able to spend bitcoins everywhere to buy anything and if you will prefer to transfer your bitcoins to your bank account then you need to pay taxes at the end of financial year.

Agree. Also even with a direct purchase from merchants with the use of bitcoin, all products there are already taxable so the suggested price in bitcoin is the srp + tax. Products are taxable in every country so in order for the merchants to have some profit for it they will add some value for that said product.

Yeah and I think at this stage buying anything with bitcoin is not profitable as usage is limited to online purchases and shipping costs are huge and not affordable to majority of us.
legendary
Activity: 2436
Merit: 1008
August 05, 2016, 07:50:47 AM
You will get rid of tax only if you are able to spend bitcoins everywhere to buy anything and if you will prefer to transfer your bitcoins to your bank account then you need to pay taxes at the end of financial year.

Agree. Also even with a direct purchase from merchants with the use of bitcoin, all products there are already taxable so the suggested price in bitcoin is the srp + tax. Products are taxable in every country so in order for the merchants to have some profit for it they will add some value for that said product.
hero member
Activity: 952
Merit: 1000
August 05, 2016, 03:04:34 AM
For me i do not like to received my salary in terms of bitcoin i do not like the fluctuation of its price but if my company will used bitcoin to be our salary i want to received equal on how much is my salary now.
actually salary will affect you after receiving your salary because the company will going to buy bitcoin equal amount with your salary and then send it to you immediately,it means you're receiving an equal amount as your salary

Of course, you will be receiving bitcoins that equals to you current salary and whats good about this is that, you may get  a much  higher amount on your salary because you salary will not be deducted by tax. But the risk of it is, as many people says the price flactuates so you will to the point that your salary price will also smaller if you are not going to withdraw this directly. But this thing will just merely happens if you do withdraw it right away

haha you're right no tax in bitcoin haha. Tax is my biggest problem when it comes to salary but in bitcoin the price of it is keep flactuating so it is so risky but you can withdraw it instantly so that you have much of that

Tax is killing us, in my country alone i have to give 12% of my salary which is really a painful one. Yes you are right flactuation would not really affect you that much if just withdraw your salary right away

Yes tax is really a great pain in the pocket, this is also the main reason why do i wanted to try to accept bitcoin as a way of payment or as  my salary because it is absolutely tax free.

You will get rid of tax only if you are able to spend bitcoins everywhere to buy anything and if you will prefer to transfer your bitcoins to your bank account then you need to pay taxes at the end of financial year.
hero member
Activity: 1246
Merit: 588
August 05, 2016, 03:00:48 AM
For me i do not like to received my salary in terms of bitcoin i do not like the fluctuation of its price but if my company will used bitcoin to be our salary i want to received equal on how much is my salary now.
actually salary will affect you after receiving your salary because the company will going to buy bitcoin equal amount with your salary and then send it to you immediately,it means you're receiving an equal amount as your salary

Of course, you will be receiving bitcoins that equals to you current salary and whats good about this is that, you may get  a much  higher amount on your salary because you salary will not be deducted by tax. But the risk of it is, as many people says the price flactuates so you will to the point that your salary price will also smaller if you are not going to withdraw this directly. But this thing will just merely happens if you do withdraw it right away

haha you're right no tax in bitcoin haha. Tax is my biggest problem when it comes to salary but in bitcoin the price of it is keep flactuating so it is so risky but you can withdraw it instantly so that you have much of that

Tax is killing us, in my country alone i have to give 12% of my salary which is really a painful one. Yes you are right flactuation would not really affect you that much if just withdraw your salary right away

Yes tax is really a great pain in the pocket, this is also the main reason why do i wanted to try to accept bitcoin as a way of payment or as  my salary because it is absolutely tax free.
hero member
Activity: 910
Merit: 500
August 05, 2016, 01:12:25 AM
For me i do not like to received my salary in terms of bitcoin i do not like the fluctuation of its price but if my company will used bitcoin to be our salary i want to received equal on how much is my salary now.
actually salary will affect you after receiving your salary because the company will going to buy bitcoin equal amount with your salary and then send it to you immediately,it means you're receiving an equal amount as your salary

Of course, you will be receiving bitcoins that equals to you current salary and whats good about this is that, you may get  a much  higher amount on your salary because you salary will not be deducted by tax. But the risk of it is, as many people says the price flactuates so you will to the point that your salary price will also smaller if you are not going to withdraw this directly. But this thing will just merely happens if you do withdraw it right away

haha you're right no tax in bitcoin haha. Tax is my biggest problem when it comes to salary but in bitcoin the price of it is keep flactuating so it is so risky but you can withdraw it instantly so that you have much of that

Tax is killing us, in my country alone i have to give 12% of my salary which is really a painful one. Yes you are right flactuation would not really affect you that much if just withdraw your salary right away
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
August 05, 2016, 12:59:46 AM
actually salary will affect you after receiving your salary because the company will going to buy bitcoin equal amount with your salary and then send it to you immediately,it means you're receiving an equal amount as your salary
Right, indeed the company as soon as possible should send your salary before bitcoin prices down. But if after you received wages in bitcoin wallet and immediately dropped the price of bitcoin will be our loss, for me. Not ready to receive a salary in the form of bitcoin.
hero member
Activity: 798
Merit: 505
August 05, 2016, 12:53:44 AM
For me i do not like to received my salary in terms of bitcoin i do not like the fluctuation of its price but if my company will used bitcoin to be our salary i want to received equal on how much is my salary now.
actually salary will affect you after receiving your salary because the company will going to buy bitcoin equal amount with your salary and then send it to you immediately,it means you're receiving an equal amount as your salary

Of course, you will be receiving bitcoins that equals to you current salary and whats good about this is that, you may get  a much  higher amount on your salary because you salary will not be deducted by tax. But the risk of it is, as many people says the price flactuates so you will to the point that your salary price will also smaller if you are not going to withdraw this directly. But this thing will just merely happens if you do withdraw it right away

haha you're right no tax in bitcoin haha. Tax is my biggest problem when it comes to salary but in bitcoin the price of it is keep flactuating so it is so risky but you can withdraw it instantly so that you have much of that
hero member
Activity: 910
Merit: 500
August 05, 2016, 12:47:48 AM
For me i do not like to received my salary in terms of bitcoin i do not like the fluctuation of its price but if my company will used bitcoin to be our salary i want to received equal on how much is my salary now.
actually salary will affect you after receiving your salary because the company will going to buy bitcoin equal amount with your salary and then send it to you immediately,it means you're receiving an equal amount as your salary

Of course, you will be receiving bitcoins that equals to you current salary and whats good about this is that, you may get  a much  higher amount on your salary because you salary will not be deducted by tax. But the risk of it is, as many people says the price flactuates so you will to the point that your salary price will also smaller if you are not going to withdraw this directly. But this thing will just merely happens if you do withdraw it right away
hero member
Activity: 3094
Merit: 537
Leading Crypto Sports Betting & Casino Platform
August 05, 2016, 12:43:18 AM
For me i do not like to received my salary in terms of bitcoin i do not like the fluctuation of its price but if my company will used bitcoin to be our salary i want to received equal on how much is my salary now.
actually salary will affect you after receiving your salary because the company will going to buy bitcoin equal amount with your salary and then send it to you immediately,it means you're receiving an equal amount as your salary
hero member
Activity: 714
Merit: 531
August 05, 2016, 12:41:00 AM
For me i do not like to received my salary in terms of bitcoin i do not like the fluctuation of its price but if my company will used bitcoin to be our salary i want to received equal on how much is my salary now.
sr. member
Activity: 394
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
August 04, 2016, 05:34:55 PM
Yes, it would be amazing to have Bitcoin as a salary. No goverment control, you can do whatever you want with it.

When the bitcoin is not popular, the governments will not be interested in it, so there will not be control.
though governments might be afraid that bitcoin is going to replace other currencies so i think they might easily ban it if they want to make people not use it
full member
Activity: 242
Merit: 100
Extended Reality Advertising
August 04, 2016, 05:16:07 PM
I guess being paid using bitcoin is very profitable, well that's because the salary was done very quickly. other than that you can use it to trade salary and increase in number, or you can hold him for a long time so the price goes up and then you bitcoin exchange rate with the dollar. I guess it's also a good way to increase salaries
once i get my salary i will use it for many purposes, i will manage my money according to my salary, if the price of bitcoin is high i will get an amount more than my salary and if the price is low i cant manage money, definitely i will suffer. so it is good to get salary paid in our currencies.

Main aspect I think is to get paid in the currency you will use. If you get paid in a given currency then have to convert it, it's not convenient and there will be fees
hero member
Activity: 1190
Merit: 500
August 04, 2016, 05:12:31 PM
I guess being paid using bitcoin is very profitable, well that's because the salary was done very quickly. other than that you can use it to trade salary and increase in number, or you can hold him for a long time so the price goes up and then you bitcoin exchange rate with the dollar. I guess it's also a good way to increase salaries
once i get my salary i will use it for many purposes, i will manage my money according to my salary, if the price of bitcoin is high i will get an amount more than my salary and if the price is low i cant manage money, definitely i will suffer. so it is good to get salary paid in our currencies.
yeah receive a salary in bitcoin might give you an advantage but you do not forget that you also have risks. so maybe your salary will be reduced when the price falls. for myself I have not been so bold as to accept bitcoin besides fluctuation is still there and quite difficult to convert bitcoin to fiat
sr. member
Activity: 448
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
August 04, 2016, 04:46:05 PM
Yes, it would be amazing to have Bitcoin as a salary. No goverment control, you can do whatever you want with it.
yeah, though right now i dont think it is possible unfortunately, i hope that at least in the future all the jobs will be paid in bitcoins and we will use only bitcoins in shops
hero member
Activity: 1582
Merit: 520
August 04, 2016, 04:34:04 PM
The value of Bitcoin not fixed because of i dont want to except as my salary will be with bitcoin if i except one month mybe i will be happy because bitcoin price will be hight and one month i will be sad because bitcoin price can be low it is not good for me.
full member
Activity: 194
Merit: 100
August 04, 2016, 04:09:43 PM
Yes, i would accept btc as salary. Simply because it eliminates having to buy mor Smiley
Jump to: