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Author Topic: How not to pay taxes on Bitcoin  (Read 340 times)
Sanitough
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August 02, 2020, 11:57:03 AM
 #21


Just try to follow the government laws since it's our obligation to pay taxes so that we can contribute the growth on our country but since you are asking this you can try to check on your wallet if theirs an remittance withdrawal option since mostly taxes are excluded on that option and the only thing you need to pay is the transaction fee. Also better for you and people not to practice this doings since you might get in trouble in future.

Some people does not follow, if they can avoid tax legally, then they will do it.
I think that's what OP is trying to give, it's not illegal, what illegal is tax evasion that would certainly put us in jail.

With this kind of anonymous offer, I think it's hard to trust people especially on the tax thing as we could be compromise.

@arwin100 , personally, if possible not to pay for the tax, I would not, because in our country double taxation is happening.

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Mauser
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August 02, 2020, 01:49:06 PM
 #22

I'm reading a lot of articles about how people have to files for taxes and what not in the US.

I, on the other hand, don't have to pay taxes..

So, if someone is looking to sell BTC for fiat and save some money, maybe we can work something out.

I am not sure how does it help the seller not to pay taxes if you live in a country where you don't have to pay taxes? It's all about the seller and his personal tax situation. If he makes a profit on his bitcoin transation he will have to pay taxes - sure he can try to hide it and avoid paying taxes but that would be illegal.

Or does it mean you would pay the taxes for the seller with a higher price? But then you could just buy on an exchange outright. Maybe I am missing something here but everyone needs to check for himself and his tax laws.
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August 02, 2020, 01:52:08 PM
 #23

When the time comes during the parabolic phase of this bull run & I decide to sell for large amounts of fiat I’ll speak to my accountant for advice on how to minimise taxes owed thanks with all respect.

I don’t think I need to say this but don’t send this fool any money, it’s an obvious scam attempt.

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August 02, 2020, 02:03:42 PM
 #24

When the time comes during the parabolic phase of this bull run & I decide to sell for large amounts of fiat I’ll speak to my accountant for advice on how to minimise taxes owed thanks with all respect.
I really have no problem with selling my bitcoin anytime as I don't report any profit, I'm just lucky that our country is not so strict with imposing taxes on bitcoin and I know in every income earn, it's entitle for a tax due but there's no proper guidelines yet so I'm not paying.


I don’t think I need to say this but don’t send this fool any money, it’s an obvious scam attempt.

Obviously, but if OP is going to send first, I might be interested. Grin

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LimLims
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August 02, 2020, 03:14:13 PM
 #25

I think people should be honest and just pay the taxes. After all, their scope is to help the society and provide public infrastructure for which they are mostly used. Yes, corruption happens quite a lot and some people steal money. However this should not be a reason to not pay taxes.

Your points are worth of reading but there are some people who find ways to trick government.
They find many routes and ways which they used to get rod of taxes.
To hide behind the eyes of government they used to trade/transact lower value of the currencies.
And as far as the OP is concerned, no one should trust a random person with their money blindly, atleast not from a public forum.

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