Bitcoin Forum
November 23, 2017, 12:02:53 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 [8] 9 10 »  All
  Print  
Author Topic: Are you going to pay taxes?  (Read 15270 times)
Anonymous
Guest

June 10, 2011, 02:01:48 AM
 #141



Fine if we were discussing what is best for Atlas, but that does not translate into what is best for all Americans.


That's the thing: No one is supposed to decide what's best for me or anybody else. You disagree with that and that's fine.
1511438573
Hero Member
*
Offline Offline

Posts: 1511438573

View Profile Personal Message (Offline)

Ignore
1511438573
Reply with quote  #2

1511438573
Report to moderator
1511438573
Hero Member
*
Offline Offline

Posts: 1511438573

View Profile Personal Message (Offline)

Ignore
1511438573
Reply with quote  #2

1511438573
Report to moderator
1511438573
Hero Member
*
Offline Offline

Posts: 1511438573

View Profile Personal Message (Offline)

Ignore
1511438573
Reply with quote  #2

1511438573
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511438573
Hero Member
*
Offline Offline

Posts: 1511438573

View Profile Personal Message (Offline)

Ignore
1511438573
Reply with quote  #2

1511438573
Report to moderator
1511438573
Hero Member
*
Offline Offline

Posts: 1511438573

View Profile Personal Message (Offline)

Ignore
1511438573
Reply with quote  #2

1511438573
Report to moderator
1511438573
Hero Member
*
Offline Offline

Posts: 1511438573

View Profile Personal Message (Offline)

Ignore
1511438573
Reply with quote  #2

1511438573
Report to moderator
smellyBobby
Member
**
Offline Offline

Activity: 112


View Profile
June 10, 2011, 02:30:15 AM
 #142

This is going off topic, but I'm curious. Where do parents fit into this? And say laws like speeding, drink driving?

I need a job!!!!

Justice Dragons: http://forum.bitcoin.org/index.php?topic=16351.msg267881#msg267881

Help me buy deodorant!!! 17bmVSoD8QNBLaPDRAXkFdapBPdgA72YjB
ctoon6
Sr. Member
****
Offline Offline

Activity: 350



View Profile
June 10, 2011, 06:44:11 AM
 #143

nope

SamboNZ
Sr. Member
****
Offline Offline

Activity: 308



View Profile
November 12, 2017, 02:34:22 AM
 #144

if everything will be taxable including bitcoin then we should work harder for it, then half of that will be given to the government for them to use it for their own good. haha. better not pay my tax in bitcoin if ever.

           ▄▄▄▄▄▄▄▄▄▄▄▄
       ▄▄█▀▀ ▄▄▄▄▄▄▄▄▄ ▀▀█▄▄
     ▄█▀ ▄▄█████████████▄▄ ▀█▄

    █▀ ▄███████▀   ▀███████▄ ▀█
   █ ▄████████▀     ▀████████▄ █
  █ ▄████████▀       ▀████████▄ █

 █ ▄████████▀    █    ▀████████▄ █
▄▀▄█████        ▄█▄        █████▄▀▄
█ ██████▀▀▀     ███     ▀▀▀██████ █

█ ██████▄▄     ▄███▄     ▄▄██████ █
█ ███████▀     ▀▀▀▀▀     ▀███████ █
▀▄▀█████▀                 ▀█████▀▄▀

 █ ▀███▀      ▄▄▄▄▄▄▄      ▀███▀ █
  █ ▀██      █████████      ██▀ █
   █ ▀██▄  ▄███████████▄  ▄██▀ █

    █▄ ▀███████████████████▀ ▄█
     ▀█▄ ▀▀█████████████▀▀ ▄█▀

       ▀▀█▄▄ ▀▀▀▀▀▀▀▀▀ ▄▄█▀▀
           ▀▀▀▀▀▀▀▀▀▀▀▀▀
AppCoins










[.
WHITEPAPER
][.
CROWDSALE
]
Xising
Full Member
***
Offline Offline

Activity: 174



View Profile
November 12, 2017, 09:20:28 AM
 #145

It depends. The thing is with bitcoin’s value being too high, I’m afraid that the cost of taxes will be high as well. However, if it’s converted into our country’s currency, then I will definitely pay.

TheGodFather
Hero Member
*****
Offline Offline

Activity: 546



View Profile
November 13, 2017, 01:45:53 AM
 #146

Are you going to pay taxes on your Bitcoin profits?

Suppose you make a million dollars. Suppose you have already made a million dollars. Are you going to hand half of that cash over to the government? Of course, this is assuming you convert your coins into federally recognized cash. If your only intention is to amass a huge supply of Bitcoins, the question does not apply to you.

You're supposed to pay income taxes. It seems rather easy to get away with not doing it, though... at least in this case.

I think that the most important thing we should remember is that our government and world leaders are looking this up. That is also one of their concern as they would want to have this new currency regulated or taxed to also for them to gain something


          ▄▄█████▌▐█████▄▄
       ▄█████████▌    ▀▀▀███▄
     ▄███████████▌  ▄▄▄▄   ▀██▄
   ▄█████████████▌  ▀▄▄▀     ▀██▄
  ▐██████████████▌  ▄▄▄▄       ▀█▌
 ▐███████████████▌             ▀█▌
 ████████████████▌  ▀▀▀█         ██
▐████████████████▌  ▄▄▄▄         ██▌
▐████████████████▌  ▀  ▀         ██▌
 ████████████████▌  █▀▀█         ██
 ▐███████████████▌  ▀▀▀▀        ▄█▌
  ▐██████████████▌  ▀▀▀▀       ▄█▌
   ▀█████████████▌  ▀▀█▀     ▄██▀
     ▀███████████▌  ▀▀▀▀   ▄██▀
       ▀█████████▌    ▄▄▄███▀
          ▀▀█████▌▐█████▀▀
▬◉▬
▬◉▬
▬◉▬
▬◉▬
▬◉▬
▬◉▬
▬◉▬
▬◉▬
      ▄▄▄
 ▄▄█████████▄▄
  ▀▀▀▀▀▀▀▀▀▀▀
   █▌▐█ █▌▐█
   █▌▐█ █▌▐█
 ▄███████████▄
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄






▄█████████████▄
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
███████████████
██▀▀█▀▀████████
▀█████████████▀
rynah011991
Newbie
*
Offline Offline

Activity: 28


View Profile
November 13, 2017, 01:55:11 AM
 #147

Yes we are obliged to pay tax. Because we are covered with the government laws. That taxes were used for the government purposes.
Sithara007
Hero Member
*****
Offline Offline

Activity: 924


★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
November 13, 2017, 01:57:25 AM
 #148

It depends. The thing is with bitcoin’s value being too high, I’m afraid that the cost of taxes will be high as well. However, if it’s converted into our country’s currency, then I will definitely pay.

You need to pay taxes only if you convert your Bitcoins to Cash. The capital gains tax (either long term or short term) needs to be paid only if you "realize" your gains. As long as you are not converting your BTC to cash, the gains are not "realized". So in short, I would say that the tax burden is going to be much lower than what you are expecting.

Getcoinsite
Full Member
***
Offline Offline

Activity: 229


View Profile
November 13, 2017, 02:20:03 AM
 #149

What kind of question is that?another spamming?taxes is required by the government and if the government requires me to pay that amount who am i to object?but thats a foolish question HALF  OF MY EARNING?wake ul mate are you dreaming?thats to far from IMPOSSIBLE
ichsan ardi
Member
**
Offline Offline

Activity: 67


View Profile
November 13, 2017, 02:23:44 AM
 #150

Are you going to pay taxes on your Bitcoin profits?

Suppose you make a million dollars. Suppose you have already made a million dollars. Are you going to hand half of that cash over to the government? Of course, this is assuming you convert your coins into federally recognized cash. If your only intention is to amass a huge supply of Bitcoins, the question does not apply to you.

You're supposed to pay income taxes. It seems rather easy to get away with not doing it, though... at least in this case.

the answer is yes. of course as a good citizen I have to pay taxes. My hope is that the tax money I pay can help the development and economy of my country.
nekobod
Jr. Member
*
Offline Offline

Activity: 56


View Profile
November 13, 2017, 02:55:46 AM
 #151

I have an aggravating news for the US citizens and residents: If you buy/sell cryptocurrencies and haven't deal with the tax issue in regard to this before, you will have no clue what madness it might involved. If you are a last-minute-tax-filing-person before April 15th deadline, you better start doing your tax filing homework soon.
Even if you have a CPA doing your text return, you might be the one who needs to educate your CPA, or pay a high price for them to learn so that they can file your return.

All cryptocurrencies' prices fluctuates every minute, therefore, in order to be in advantage position as far as paying capital gain is concerned, and at the same time do not let Uncle Sam thinks you are cheating by not report fair market value, you need to record the BTC/USD price the time you sell, and the time you buy.  

I'm new to crypto investing, but not new dealing with tax filing, so I have started doing it as soon as I sold my first crypto portfolio. I tell you, keeping track of the prices between AltCoin/BTC/USD is a total madness.
cryptoimal86
Member
**
Offline Offline

Activity: 70


View Profile
November 13, 2017, 03:00:58 AM
 #152

As a civilized citison, we must pay income tax to goverment. But it shouldnt be half of full income. Thats not fare.

ttbd
Member
**
Online Online

Activity: 70


View Profile
November 13, 2017, 06:29:46 AM
 #153

Yes i'm going to pay my tax. Paying tax is our obligation in our society.

shinchan123
Full Member
***
Online Online

Activity: 154



View Profile
November 13, 2017, 10:24:03 AM
 #154

Are you going to pay taxes on your Bitcoin profits?

Suppose you make a million dollars. Suppose you have already made a million dollars. Are you going to hand half of that cash over to the government? Of course, this is assuming you convert your coins into federally recognized cash. If your only intention is to amass a huge supply of Bitcoins, the question does not apply to you.

You're supposed to pay income taxes. It seems rather easy to get away with not doing it, though... at least in this case.

I really don't want to because it's too big. However, no matter how hard I refuse, I still have to pay for it because it is considered illegal in our country to not pay taxes. The reason why I don't want to is because of our corrupt government officials. I think the money just goes in their pockets.

spongegar
Member
**
Offline Offline

Activity: 98


View Profile
November 13, 2017, 12:36:56 PM
 #155

Are you going to pay taxes on your Bitcoin profits?

Suppose you make a million dollars. Suppose you have already made a million dollars. Are you going to hand half of that cash over to the government? Of course, this is assuming you convert your coins into federally recognized cash. If your only intention is to amass a huge supply of Bitcoins, the question does not apply to you.

You're supposed to pay income taxes. It seems rather easy to get away with not doing it, though... at least in this case.

If taxes apply on bitcoin. I'd do everything, research all the loopholes, talk to all lawyers so i could get around not oaying them. This doesn't just apply to bitcoin but to all my taxes. I mean i really do honor the system of governance and taxation. But so long as me dodging it is legal then I'll do anything to do it. But if that's not the case then I'll pay em. It's the law

yaloyalo
Newbie
*
Offline Offline

Activity: 28


View Profile
November 13, 2017, 12:41:48 PM
 #156

Definately no)
Taxes for loosers  Grin
binting
Jr. Member
*
Offline Offline

Activity: 42


View Profile
November 13, 2017, 01:09:03 PM
 #157

Are you going to pay taxes on your Bitcoin profits?

Suppose you make a million dollars. Suppose you have already made a million dollars. Are you going to hand half of that cash over to the government? Of course, this is assuming you convert your coins into federally recognized cash. If your only intention is to amass a huge supply of Bitcoins, the question does not apply to you.

You're supposed to pay income taxes. It seems rather easy to get away with not doing it, though... at least in this case.
Yes I pay tax   little store just need  tax.

Xester
Hero Member
*****
Offline Offline

Activity: 658


★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
November 13, 2017, 01:15:32 PM
 #158

Are you going to pay taxes on your Bitcoin profits?

Suppose you make a million dollars. Suppose you have already made a million dollars. Are you going to hand half of that cash over to the government? Of course, this is assuming you convert your coins into federally recognized cash. If your only intention is to amass a huge supply of Bitcoins, the question does not apply to you.

You're supposed to pay income taxes. It seems rather easy to get away with not doing it, though... at least in this case.
Yes I pay tax   little store just need  tax.

I will pay taxes. Because taxes are usually used in a good way like helping other people. And it also required because we should pay a little amount that we earn from our work. But this taxes should be use responsibly to avoid misused.

M05J
Newbie
*
Offline Offline

Activity: 28


View Profile
November 13, 2017, 01:19:59 PM
 #159

Once you convert your coins into fiat, yes.
billsted86
Member
**
Offline Offline

Activity: 84


View Profile
November 13, 2017, 01:24:34 PM
 #160


"Give everyone what you owed him: If you owe taxes, pay taxes; if excise, excise; if respect, respect; if respectful, respectful. "

Pages: « 1 2 3 4 5 6 7 [8] 9 10 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!