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Author Topic: Question about bitcoin taxes and signature campaign payment on this forum  (Read 313 times)
Woodie
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June 10, 2021, 01:44:17 PM
 #21

If bitcoin is banned in your country then there is no tax to worry about!
But should things change and they legalize it like you anticipate then am sure they will communicate who is exempt and what amount will be taxable and under what conditions, don't worry mate keep growing your crypto bag 😉. But certainly this is likely to fall under income tax so apply  that rate & multiply it by the income to get what's due to the government.

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cl0wn
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June 15, 2021, 09:03:17 AM
 #22

I think that in order to tax crypto gains correctly governments need to come up with a new system that will also consider what you put in. This unfortunately is the biggest problem, because our governments are very bad at coming up with something new. All they always want to do is apply an old solution they already use somewhere else, and this most of the times just simply doesn't work or can be done way better.
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