Are you going to pay taxes?

[Marahunter]

Sure as much as I am anti-establishment i still harbor some belief in good coming from up down if we have the right people in place

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[Opnsrc]

No I am not going to pay taxes from all the profits I get from Bitcoin operations.

[SamPo]

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 will pay taxes if a have a monthly income and if i have a  job. How am i supppse to pay taxes if i dont have income. And besides taxes are part of the law that if person in working and has an income of above mnimum rate they are entitled to tax deduction.

[PrinceFE]

NO I'm not going to pay taxes on my profit to my bitcoin. Because it is not written on the tax code that earning in bitcoins are taxable. If the government have a new rules and regulations about bitcoins then we should pay taxes for it.

[coolcoinz]

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.

Why would anyone choose to give up half of his money? In most countries you're supposed to pay taxes equal to 15-25% of your income. If I were being forced to share 50:50 with my country I'd give up citizenship and move out ASAP, since there are countries that take only 10% or less. Why would I want to live in a country that's treating me like a slave?

[TudorOzy]

NO I'm not going to pay taxes on my profit to my bitcoin. Because it is not written on the tax code that earning in bitcoins are taxable. If the government have a new rules and regulations about bitcoins then we should pay taxes for it.

I agree, I am sure no one will go to the tax office and say I want to pay taxes on this take my money!

[gabmen]

NO I'm not going to pay taxes on my profit to my bitcoin. Because it is not written on the tax code that earning in bitcoins are taxable. If the government have a new rules and regulations about bitcoins then we should pay taxes for it.

I agree, I am sure no one will go to the tax office and say I want to pay taxes on this take my money!

Lol. That one of the best part of working with bitcoins. You have a choice whether you add money to greedy politicians' pockets or not. I mean, let's face it, not all taxes we're paying go to the right places. I wouldn't mind going to the tax office and pay my taxes if i'm sure it's being used to better the society i'm living in.

[Fappanu]

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 necessary I would just abide the given law just so they won't ban bitcoin here in our country. Taxes will still be subdivided for the needs of the country and I would be very proud to contribute my earnings. On the other hand, I wish that they will ask for a justifiable tax for I am doing all the hardwork just to earn money through bitcoin. I believe that it is still their right to ask for it but the government must make is more reasonable and justifiable.

[WannaCry]

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.

As much as I don't want to because I fear that because of bitcoin's high value the value of tax will be high as well, however, when the government decides for it to be taxable then I guess we all have no choice but to follow this new rule when it comes to having bitcoin. I just hope that this will be for the better.

[Sithara007]

As much as I don't want to because I fear that because of bitcoin's high value the value of tax will be high as well, however, when the government decides for it to be taxable then I guess we all have no choice but to follow this new rule when it comes to having bitcoin. I just hope that this will be for the better.

Don't worry about paying taxes on your profits from Bitcoin. There are thousands of legal loopholes, using which you can escape from paying tax. For example, if your stash is worth a few millions of USD, you can purchase the citizenship of Dominica (for a price tag of $100,000). You can sell your coins in Dominica (without paying any tax) and then come back to your hometown with the fiat cash.

[shone08]

As much as I don't want to because I fear that because of bitcoin's high value the value of tax will be high as well, however, when the government decides for it to be taxable then I guess we all have no choice but to follow this new rule when it comes to having bitcoin. I just hope that this will be for the better.

Don't worry about paying taxes on your profits from Bitcoin. There are thousands of legal loopholes, using which you can escape from paying tax. For example, if your stash is worth a few millions of USD, you can purchase the citizenship of Dominica (for a price tag of $100,000). You can sell your coins in Dominica (without paying any tax) and then come back to your hometown with the fiat cash.

Yes this is right no need to worried about paying taxes bitcoin is decentralized even if your government going to taxes your profit in cryptocurrency its take a long long time to trance how much is your income but of course all of us dont want to pay taxes hehehe.

[Smvaidya]

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 government is giving me the facilities and protection as any person need in his country in my income tax I'll surly be paying the tax. And even if I don't get facilities I'll still be paying for the development of the country...

[Nakakapagpabagabag]

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 its the rule in my country i will pay taxes but i against from paying taxes from my profits in bitcoin. Bitcoin is not cover of the government so they dont have rights to put taxes in bitcoin. It is online business that you can do different things to earn money from it. There is an investment that earn money so why you pay taxes for you investment. Thats to rude.

[KpopLord]

No I'm not.

Here in Switzerland there are no taxes on capital gains.  

Can I go there? As in right at this moment?    Well I guess since I'm not in Switzerland, I'm going to pay taxes. Who knows how many people I might help with the taxes that I paid.

[mydreamforever]

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 I convert any to dollars sure.  In the US any profit over $200 for the year is federally taxable I believe.  Of course profit is how much you sold the coins for minus the price you bought them for.

thanks for your information . That would be a useful information for me

[cavaBcoin]

yes i will. I think pay texas is responsibilities and obligations of each citizen and texas is resources to develop your country

[cascano]

Governments will always find a way for you to pay taxes. The blockchain is such a disruptive technology that they can't regulate. Therefore they will want taxes wherever they can get.

If you know anything about money than you know that owning euros, dollars, etc. is to own a debt, Whilst owning crypto currency is not a debt but an asset. The fact that the government is not involved in this ownership of crypto coins frightens them.

I suspect that if we hold long enough there will be a way to pay straight up with cryptos rather than banking in fiat and paying ridiculous amounts of taxes. I'm talking about open markets like BitBay integrating together with an anon coin like DeepOnion, which not only hides the users' transactions, but also the users themself. These technolgies could provide a way for us crypto investors to maintain the freedom that we used to have before regulation came into play.

[aroweyen]

Yes surely i will and also i will urge others to pay taxes. The money we pay in taxes goes to many places. In addition to paying the salaries of government workers, our tax dollars also help to support common resources, such as police and firefighters. Tax money helps to ensure the roads we  travel on are safe and well-maintained.

[craft1353]

I always pay taxes it is necessary

[Maheshkumar_Hrangkhawl]

Why should we pay taxes on our profits from BTC? The government will never compensate us if we ever face any losses in crypto-trading.