Lagoons
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March 05, 2018, 05:32:21 AM |
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Yes, especially since coinbase now has to hand such information for such a large amount to the IRS. And they sure as hell going to check it.
Coinbase is the only exchange for you? Of course yes, im a good citizen that will help our country.
Country (territory and people) ≠ government (gang of bandits and terrorists)! It's the only place that I know to buy Bitcoin. |
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raizhur19
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March 05, 2018, 05:36:35 AM |
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if that system is inforced in our government we cant really do much to resist it. the best way is just follow if its reasonable and if not we just have to protest and show them that its not right.
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Sithara007
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Leading Crypto Sports Betting & Casino Platform
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March 05, 2018, 07:42:55 AM |
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if that system is inforced in our government we cant really do much to resist it. the best way is just follow if its reasonable and if not we just have to protest and show them that its not right.
There are always certain loopholes in the system, which you can take advantage of. Have you ever wondered why the super-rich always pay lower taxes when compared to the middle-class? They are able to do this, because they are making use of the loopholes. |
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patrickj
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March 05, 2018, 09:03:39 AM |
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Why would we pay taxes if it is not required to do it? If it is the only thing to withdraw my bitcoins I will do it but half of my earned bitcoins, it is not fair though. They should taxes it 10 percent maybe not 50 percent.
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anazinovjeva
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March 05, 2018, 10:40:03 AM |
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I would rather spend the tax money on charity than give it to my government. This way it would actually help people.
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LordTricky
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March 05, 2018, 11:06:24 AM |
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I would rather spend the tax money on charity than give it to my government. This way it would actually help people.
well said |
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panekerbalap
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March 05, 2018, 03:17:22 PM |
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I live in an all-inclusive area of taxation, with the regulation as a citizen must obey taxes.
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LordTricky
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March 05, 2018, 03:50:21 PM |
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I live in an all-inclusive area of taxation, with the regulation as a citizen must obey taxes.
citizenship is your own choice, you do know this right?? taxation is voluntary  And NOBODY should fund defined terrorists... |
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wei_wuhan
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March 05, 2018, 06:17:38 PM |
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Yes surely i will and also i will urge others to pay taxes. The money we pay in taxes goes to many places.
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coolcoinz
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March 05, 2018, 06:31:53 PM |
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I would rather spend the tax money on charity than give it to my government. This way it would actually help people.
You are right. I think that taxes should be collected by local authorities and spent on the local needs of the people who live in that area. I wouldn't mind paying if I saw the results. Unfortunately my money will end up somewhere in the capital, or worse, the EU council, where it will fill the pocket of some lazy clerk who will keep criticizing my country for not being modern enough and still using too many traditional light bulbs or some other nonsense. |
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hensona
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March 05, 2018, 06:47:16 PM |
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If it's taxable in a country where I live, I have two choices. Break the law or obey it. I will most likely obey it. But if I can get away not paying taxes, I will probably not pay.
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kinilawnabakulaw
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March 05, 2018, 08:08:46 PM |
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Converting cryptocurrencies to cash here in our country requires additional payment so, yes, tax is still somewhat being paid.
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k00d8
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March 05, 2018, 11:15:06 PM |
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It's standard "Capital Gains Tax" rather than "Income Tax" when you take it out, just like it would if you sold forex/pm or stocks for that matter.
All governments keep an eye on unusual inflows from accounts on that one, no i wouldn't recommend to cheat on that one.
Well, that sucks. I suppose suddenly acquiring 1,000,000 is a bit suspicious. Can't this be reported as gambling winnings? Are those taxed? No I'm not. Here in Switzerland there are no taxes on capital gains.  Oh man... now I want to move to Switzerland. They've got good skiing too. This makes me wonder what the laws are for people with dual citizenship. Do you have to pay taxes to BOTH countries? Probably not, because then the only way to escape US taxes would be to renounce your citizenship. That sounds difficult. I doubt you could pass this off as gambling winnings, and those are taxed anyway (I believe as ordinary income, which would make it higher rate than capital gains). Doesn't Switzerland have one of the highest income tax rates in the world though? Something like 80%? Lack of capital gains taxes or not, that sort of tax rate would make me just want to move there with a bunch of cash and retire, not necessarily become a working person in that environment. Nope - in Switzerland the income tax is very low, 20% or so. That's one of the reasons why it is so attractive, coupled with very high earnings, high standard of living, fresh air and beautiful mountains. |
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princess.tyche
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March 06, 2018, 12:27:20 AM |
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I'm a bit confused. In my country bitcoin hasn't been legalized by the government. But my dad, he said no matter where the money came from you have to report it. Even if it comes from robbery, gambling, etc the tax people don't even care. As long as you get your income increase you have to report it and pay the tax.
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LordTricky
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March 06, 2018, 09:34:45 AM |
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I'm a bit confused. In my country bitcoin hasn't been legalized by the government. But my dad, he said no matter where the money came from you have to report it. Even if it comes from robbery, gambling, etc the tax people don't even care. As long as you get your income increase you have to report it and pay the tax.
Your dad needs educating... tax is voluntary... |
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market field
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March 06, 2018, 09:54:14 AM |
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That's right, now all the investment we have to pay taxes. But for the bitcoin market you do not have to pay taxes.
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15putriutami
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March 06, 2018, 12:48:36 PM |
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I don't want to pay taxe for bitcoin. i pay just for legal business
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intel86
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March 06, 2018, 01:04:23 PM |
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yes, because it has been determined by the government for the common good and the people are obliged to pay it, the tax can not be felt by the person because the tax result will be used for the public interest.  |
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LordTricky
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March 06, 2018, 01:10:39 PM |
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yes, because it has been determined by the government for the common good and the people are obliged to pay it, the tax can not be felt by the person because the tax result will be used for the public interest. Guberment = terrorists... Look up the definition and stop sympathising with terrorists |
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rockstarr
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March 06, 2018, 01:20:43 PM |
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Do "capital gains" add to your total income for the purpose of determining your tax bracket or are they taxed at the rate of your income-only tax bracket?
No, capital gains are not counted towards ordinary income for determining your tax bracket. Here is wiki: Under the United States Internal Revenue Code, the type of income is defined by its character. Ordinary income is usually characterized as income other than capital gain. Ordinary income can consist of income from wages, salaries, tips, commissions, bonuses, and other types of compensation from employment, interest, dividends, or net income from a sole proprietorship, partnership or LLC. Rents and royalties, after certain deductions, depreciation or depletion allowances, and gambling winnings are also treated as ordinary income. A "short term capital gain", or gain on the sale of an asset held for less than one year of the capital gains holding period, is taxed as ordinary income. Even though our minimum wage is not taxable already we use our salary to buy our daily needs that has already have a tax. |
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