Are you going to pay taxes?

[GothicTauren48]

I guess will not have an option if you convert your BTC to fiat money. Just hope that this money will be used on good projects for your country.

[Stegobit]

I guess will not have an option if you convert your BTC to fiat money. Just hope that this money will be used on good projects for your country.

Just don't use banks! Cash is an option!

[GothicTauren48]

I guess will not have an option if you convert your BTC to fiat money. Just hope that this money will be used on good projects for your country.

Just don't use banks! Cash is an option!

The author was talking about millions of dollar worth of BTC. If it is just a small amount then you can do P2P transactions, but in millions I guess there are always banks involved.

[wtfonly16]

its 35% not 20%...

[Zerks]

20-30% I can accept but now I do not need to worry because my country does not accept payment by cryptocurrency

[Babyrica0226]

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 only taxes which I know that it must be given was the things which is under by the government as well. Therefore, any currency or profit that involved in any centralized business was automatically need to have a tax, but in bitcoin it doesn't need at all due to it is decentralized not a a regulated things.

[bakekang008]

its 35% not 20%...

Everyone must pay tax. If you have work now, you need to pay taxes. For the better community, and for development of the community.

[Dawnpercy19]

Yes. When im buying any products in market.

[Stegobit]

The author was talking about millions of dollar worth of BTC. If it is just a small amount then you can do P2P transactions, but in millions I guess there are always banks involved.

If you are a Bitcoin billionaire and want to buy houses, jets and yachts easily, you can pay lump sum tax in Switzerland. It is a pittance from your wealth!

However, I talked about ordinary people who cannot afford such luxury and want to save every percent, as well as think it is unacceptable to be robbed by a tyrant!

[Superrbat]

I won't coz the GOV do not ask me to do that ,if you were in US, then you have to.

[bitcoinman93]

its 35% not 20%...

Everyone must pay tax. If you have work now, you need to pay taxes. For the better community, and for development of the community.

If taxes really go to community, then no problem. Corruption is a big issue tho

[crypto-words]

Sure thing, better safe than sorry, you know.
Plus I believe it is the right thing to do.

[unkwown00]

I won't coz the GOV do not ask me to do that ,if you were in US, then you have to.

Paying of taxes depends on the country that we live in. So in short, if the country mandate us to pay taxes that will help our economy grow then why not. My only requirement is the assurance that it will go and used properly in creating buildings, school, roads, machine, etc. that will contribute to an individual to become more productive and successful.

[CroDam]

I would like to pay Tax but it is not so easy in my country. Tax officers dont know how much I need to pay. 

[Ginosaur15]

If the government said that I should pay tax, yes, I will but not the half of what I earn maybe 20% of it. I'm more than happy to pay tax if the taxes that we pay will go to infrastructures ir other government project not on the bank accounts of corrupt politician

[Babebottle]

If this is not mandatory, then i will not pay the tax, otherwise, yes coz i have to.

[francisvien]

You will pay taxes on any dividends, interest income, or capital gains, just as you did before you were retired. ... If your other income sources are not too high you may qualify for the zero percent capital gains tax rate—which means you would pay no tax on all or a portion of your capital gains for that year.

[Stegobit]

If the government said that I should pay tax, yes, I will

Is govt the God for you?!

[honeyira]

If the government impose tax then I have to pay tax.
Government have all the prerogative to do what is best for the nation and tax is a big help for any development.
Just pay tax appropriately.
As saying goes; 'give to 'Caesar what is belong to Ceasar'.

[Mayor20]

Sound yes! That's one of the main obligation of citizen and responsible of citizens  for government.