Bitcoin tax in future

[betterangels]

Tax me if you can?

The network (nodes) have a FEE per Tx, and online wallets too (cex.io ... blockchain... ) with a fee of 0.0001 BTC,

I think, in a future, this gonna decrease, (when btc reach the 1k- 5k), i don't know, like 0.00008 - 0.00005.

sorry my bad english 

[CharHill]

Dumbass question

What if in future, for example in year 2100, the bitcoin will be used by everyone.Working for bitcoins shopping for bitcoins,paying bills,etc.. So if an worker will work for 0.00100000 Satoshi/month, his employer will pay 0.00020000 Satoshi blockchain tax. This is 20% tranzaction fee. Is an huge tax and will ruin economy.And people with big tranzactions means very rich people will pay an infirm amount..  Can this be changed in bitcoin protocol if is needed?

What do you think about international market, country will take a huge part of btc market then. After that Satoshi wallet will look like Bill Gates 7-10 years ago, so only 1 very rich man. 

[zuerdemon]

Can this be changed in bitcoin protocol if is needed?

Miners decide what txs add to blockchain, there is no set rule in bitcoin protocol for the value of tx fee. Recommended fee was historically 0.01 BTC, then 0.0005 BTC and now 0.0001 BTC.

[Mightycoin]

Bitcoin taxing has already started in some parts of world...by 2050 most countries will tax bitcoin

[botany]

Can this be changed in bitcoin protocol if is needed?

Miners decide what txs add to blockchain, there is no set rule in bitcoin protocol for the value of tx fee. Recommended fee was historically 0.01 BTC, then 0.0005 BTC and now 0.0001 BTC.

0.01 BTC! That seems like a lot now.
I guess 0.0001 BTC will seem like a lot in the future. 

[CreamyPie]

Government will tax everything and anything they can get easy mass level revenue. So yeah, it will be taxable soon.

[TheButterZone]

Government will tax exhalations of CO2 as they contribute to "Global Warming/Cooling/Climate Change/(fillintheblank)".

[Picasso7]

I hope there will be no tax on btc

[botany]

I am not sure about all jurisdictions, but I foresee a 'wealth tax' on bitcoins too (similar to property tax).
Pay taxes just to hold bitcoin. 

[gtraah]

Dogecoins will be used for micropayments.

Or Simply more decimal points will be implemented into bitcoin

[betterangels]

Can this be changed in bitcoin protocol if is needed?

Miners decide what txs add to blockchain, there is no set rule in bitcoin protocol for the value of tx fee. Recommended fee was historically 0.01 BTC, then 0.0005 BTC and now 0.0001 BTC.

0.01 BTC! That seems like a lot now.
I guess 0.0001 BTC will seem like a lot in the future. 

2030

I like this T-shirt, what's the price?
* 30 satoshis
hmm.. the price is high.. i'll back.

 

[botany]

Can this be changed in bitcoin protocol if is needed?

Miners decide what txs add to blockchain, there is no set rule in bitcoin protocol for the value of tx fee. Recommended fee was historically 0.01 BTC, then 0.0005 BTC and now 0.0001 BTC.

0.01 BTC! That seems like a lot now.
I guess 0.0001 BTC will seem like a lot in the future. 

2030

I like this T-shirt, what's the price?
* 30 satoshis
hmm.. the price is high.. i'll back.

 

All the faucets that are paying out now.. People will be trying to find their misplaced private keys in 2030. 

[itsAj]

I am not sure about all jurisdictions, but I foresee a 'wealth tax' on bitcoins too (similar to property tax).
Pay taxes just to hold bitcoin.  

I don't think this would be feasible to enforce. Since it is difficult to know if a person actually holds/controls a specific address, it would be very difficult to make someone pay taxes on an asset that it cannot be proven that they own.

Also in order for this to be a possibility, other similar assets must be taxed the same way. So if a government were to tax it's people for holding bitcoin then it would need to tax all other assets the same way. The means that the government would likely need to tax fiat bank accounts the same way. If it were to not do this and attempt to tax bitcoin then it would likely not pass the equal protection test and would be found unconstitutional.

[wasserman99]

Government will tax exhalations of CO2 as they contribute to "Global Warming/Cooling/Climate Change/(fillintheblank)".

I think this kind of tax will likely be paid for by the miners in the form of higher electric bills due to the government taxing the utility companies. It has been argued many times that bitcoin related mining is a waste of energy (I very much disagree with this for many reasons that I will not discuss here) .

[nextlevelnem]

Dumbass question

What if in future, for example in year 2100, the bitcoin will be used by everyone.Working for bitcoins shopping for bitcoins,paying bills,etc.. So if an worker will work for 0.00100000 Satoshi/month, his employer will pay 0.00020000 Satoshi blockchain tax. This is 20% tranzaction fee. Is an huge tax and will ruin economy.And people with big tranzactions means very rich people will pay an infirm amount..  Can this be changed in bitcoin protocol if is needed?

There are some huge tweaks and changes that will be need to be made for BTC to survive.

[notbatman]

ASIC manufactures are taxing Bitcoiners heavily. In most cases by keeping their money and not delivering miners as promised. If miners do show up it's not until after they're unprofitable to run if they're not completely burnt out already from mining.

This is not surprising when one finds out these companies are run by shady individuals and convicted criminals in many cases. 

[desired_username]

I'm hopeful that in the future the future there will be no taxes but contributions. With the blockchain corruption could be stopped completely.