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Author Topic: Are you going to pay taxes?  (Read 18352 times)
Tokenista
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August 26, 2018, 04:41:39 AM
 #621

here are people on a World of Warcraft forum having a serious discussion about paying taxes on WoW gold
https://us.battle.net/forums/en/wow/topic/20742965783

here are some people talking about V Bucks and tax
https://www.reddit.com/r/FortNiteBR/comments/7lzaqv/do_vbucks_have_tax/

here is an article that states a report from congress says you might owe taxes on WoW gold
https://www.engadget.com/2013/06/19/congressional-report-says-you-may-owe-taxes-on-your-wow-income/

here is a guy that sued a company for "making WoW less fun" by selling services from 3rd world countries
https://dockets.justia.com/docket/florida/flsdce/1:2007cv21403/296927

you don't have to pay taxes as long as you are under the impression that you didn't have to pay taxes and bitcoin is not money according to the court so altcoins definitely aren't money and tokens definitely definitely are not money

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August 26, 2018, 04:56:37 AM
 #622

I think the question needs to be a bit more specific. It always depends on the country you're in. And the tax laws that surround capital gains surely. We know that some countries like the US and UK derive joy in taxing the existence out of their citizens. But if you are lucky enough to come from a less inconvenient system, good for you. However, it is always necessary that we abide by the laws. Because in the end, any funds unaccounted for will be discovered. And this will only create bad reputation for Bitcoin investors.
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August 28, 2018, 01:00:08 PM
Merited by coins4commies (1)
 #623

I have no issue with paying taxes when it goes to help the homeless and those that are in poverty.  I wish the government didn't spend so much on war and other ridiculous things though.  All it takes is a few bad events and any of us could land on the streets,  it's why I always treat others the way I would want to be treated.

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August 28, 2018, 05:08:12 PM
 #624

I am already paying my taxes monthly and I will continue paying faithfully. Paying of taxes by citizens is the best thing and cannot be overemphasized. Our country’s tax payer’s money is meant for the infrastructural development of our nation though people in power misappropriate the tax money. If we carefully remove our taxes from government internally generated revenue that is when we will understand that payment of tax is vital. Without tax money it will be very difficult for government to carry out tangible project. Some rich people evade tax and I don’t understand where they want government to get money to execute all the projects in her yearly budget.

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September 26, 2018, 12:12:53 PM
 #625

Yes of course. I will pay my taxes but I will pay my taxes in dollars and not bitcoin. I will also pay my taxes on bitcoin capital gains.

I'd like it if taxes where more reasonable, it used to be that only the people that made tons of money were taxed, not it seems the government is taxing the shit out of people like me, who can barely keep themselves afloat.

If the government didn't tax me so harshly my life would be better and if my life was better I would become more successful. If I was more successful the government could rightfully tax me more.

So in the end they are shooting themselves in the foot. Fucking assholes.
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October 23, 2018, 06:30:22 PM
 #626

I have been paying tax for ten years now, infact deducted at source though not from bitcoin . it important for all adult earning citizens to pay tax whether from employment or business for developments.    I have not sold any get, still new and investing for now but if i make my findings and discovers that my country laws require that i pay tax for my bitcoin profit, will definitely do so. From what i read about  bitcoin transactions  in the USA, not paying your tax on bitcoin profit will land one into trouble.   
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October 24, 2018, 12:27:59 AM
 #627

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 it is withholding, it was never mine, and I never received it. So, if it goes for taxes, it is taken from whomever withheld it in the first place... not me.

If they tell me they are going to pay me a certain amount but then withhold, breach of contract, unless I stated that they can withhold. If it is breach of contract, I might sue them.

If I actually get cash in hand, so to speak, I will pay whatever I owe to anybody. Since this is payment by agreement, it does not fit the definition of tax. Probably anyone who voluntarily pays a tax isn't really doing so. He is probably paying a contribution.

Sounds like I won't be paying a tax. It will either be a contractual payment, or it will be a contribution. Odds are I won't be making a contribution.

Btw. They won't be coming to take it from me, because the land in which I live is a common law land. My claim supersedes their complaint.

Cool
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October 25, 2018, 08:51:33 PM
 #628

In Germany crypto currency gains are not taxed if held for at least a year.

I live near Germany and speak German, with a million I would move to Germany  Grin Grin

I am just not sure, holding for the regulator means: you can trade in between different crypto coins and if you cash out in FIAT a year later you held crypto all the time and hence are not subject to tax.  Huh Huh

Anyone who knows more in regard?

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November 11, 2018, 11:18:14 PM
 #629

In Germany crypto currency gains are not taxed if held for at least a year.

I live near Germany and speak German, with a million I would move to Germany  Grin Grin

I am just not sure, holding for the regulator means: you can trade in between different crypto coins and if you cash out in FIAT a year later you held crypto all the time and hence are not subject to tax.  Huh Huh

Anyone who knows more in regard?

That's a good question. But how you can prove it, if you moved your funds from one address to another (or exchange).
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November 12, 2018, 10:52:53 AM
 #630

Yes and basically its important though, and it's a must to pay and it's a big responsibility as a member of a community, because tax serve as a salary for those workers on social services which is the nurses , politicians, so on and so forth, and it is required, because it's against to the law if you will not pay, and that is what i believe.

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November 12, 2018, 08:42:09 PM
 #631

I think I hodl for some time and then will leave Italy and go to Germany, there gains on crypto held more than a year is not taxed  Grin

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November 13, 2018, 12:13:09 PM
 #632

In a situation whereby you have to convert your cryptocurrency to your local currency, there is no way to avoid government tax. In some cases, you realize that the government has not really done well with the taxpayers money, they often steal it. In this kind of situation, I will rather prefer to avoid paying tax on my cryptocurrency.

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November 22, 2018, 11:55:13 PM
 #633

Yes I think, because I believe that this taxes were for many reasons. This is also the one that makes a society to function. Thus, I am determinedly deem to help my country to have progress in society. I know that it isn't gonna have that huge effect but at the end of the day at least I have tried to do so. Although, taxes were commonly used in not good ways, but that story would go with the conscience of those people who have betrayed their own people.

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