Bitcoin Forum
May 24, 2024, 08:54:13 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Taxes on BTC trading profits? Do you like it?  (Read 309 times)
CryptoReggae
Member
**
Offline Offline

Activity: 187
Merit: 45


View Profile
December 26, 2018, 03:05:04 PM
 #21

The laws will be there, in some countries already exist (in reality it would be enough to apply the taxes that already exist on the trading of Fiat VALUTE); however, this is not a normal market, the anonymity of BTC will ensure that many taxes will not be paid and it will be very difficult to find tax evaders.
izanagi narukami
Legendary
*
Offline Offline

Activity: 2030
Merit: 1028



View Profile
December 26, 2018, 03:09:38 PM
 #22

It's all about symbios when government legalize something , they have right to put tax on it as long as for people to people ( their own good )
My country still difficult to maintain tax because it's often to get corrupt.

I fell that government service getting advance after we paid tax regularly so it's neccesary !

Smiley
QuadsPoker
Copper Member
Member
**
Offline Offline

Activity: 168
Merit: 42

nothing is impossible


View Profile
December 26, 2018, 05:40:36 PM
 #23

There are so many ways to avoid to pay to much taxes. I store most of my profits on hardware or paper wallets. And if I cash out to fiat I use one of my 8 prepaid creditcards and cash out at an ATM.
To be honest I trade for over 3 years fulltime. So I do not have any other job. Since those 3 years I pay very little taxes. I only declare a small amount of my profits and the rest I collect cash through atm withdrawals and money disappears in one of my safe deposits.

Government, banks and tax departments earned enough on my back in the 15 years I had my own construction business.

Signature for rent. Your signature will be displayed an entire year in one of my threads that is visited 200+ times daily
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!