Do Bitcoins have Tax??

[Mr. Big]

I think it's no tax on bitcon and there is only fee for each transaction. but if Government start accepted bitcoin, i'm sure government will take Tax for bitcoin.

Exchanges has taxes, so if you are using one, then probably you are paying taxes, I just don't know about blockchain, if they are recognized by the state where they are situated and paying taxes..

[faridkifly]

tax? is transaction fee a tax?
otherwise I'm sorry. but to me it looks like a tax. 

[ATguy]

I think it's no tax on bitcon and there is only fee for each transaction. but if Government start accepted bitcoin, i'm sure government will take Tax for bitcoin.

Obviously, if your in big debts your still looking for new ways to milk your citizens. Im not sure how could they tax Bitcoin specifically, but eventually if cryptocurrecies become much more popular I expect Governments starting trying to tax Bitcoin holdings or Bitcoin transactions.

[JeanMcCoy]

It depends by country. In my country the governement taxes income. So at the end of the year i have to declare my bitcoin income.
Products etc. are not taxed btw.

[Prettygirl01315]

it depends on your country but in wallets ofcourse they have tax like 20k satoshi or if your buying some goods like foods and i think for me theres no tax on bitcoin

[lipshack15]

i think bitcoin has no tax and bitcoin is free for all tax is for transfer or if you pay bills exhancge has taxes too but someday if our goverment accept bitcoin for sure it will be have tax soon

[daringdiscovered]

I think that bitcoin doesnt have tax.In short each transaction is free of taxes.There are just taxes i think if you will pay bills online like electricity  bills and internet bills or when you cashout on banks,but thats just a small tax compare to physical money that taxes reaches about 5%-10% of your money.Bitcoin taxes just small amount.

[romero121]

I believe bitcoin doesn't have tax. Tax free access is one of the major factor which has attracted lot users towards bitcoin. In some countries this has become a big problem for government.

[biggbox]

I believe some members here got into trouble with tax authorities over the sales of Bitcoins. And the laws differ from state to state?

[Viyamore]

I think bitcoins have no taxes but it also depends on the government in which they already known and doing something to earn also on bitcoins . In my country there's only a fee on withdrawal and cash in of bitcoins.i think that is called tax? If i am not wrong.

[bamboylee]

In our country, bitcoin earning is not taxed unless you convert it to fiat and declare it in your income. Otherwise, you can easily avoid tax. Of course, if you convert to fiat and buy something, you are already giving taxes to.the goverment thru vat. So I think it is okay. The government still gets something from bitcoin earnings.

[BitcoinsGreat]

It depends by country. In my country the governement taxes income. So at the end of the year i have to declare my bitcoin income.
Products etc. are not taxed btw.

Bitcoins dont  have taxes. so thats the best feature of bitcoins

[limaphii]

I live in New York and since I make money trading bitcoin I have to pay a capital gains tax. Between the fed and state taxes its almost 30% on my profits

[thejaytiesto]

Honestly I don't know how it even works, it's so confusing. Im still trying to learn Bitcoin itself to get involved with taxes. In any case, I have never sold Bitcoin, so I don't think I have to report anything until I sell enough amount that it has to be taxed, but if I sell 100 bucks in Bitcoin to buy something I doubt you have to report this.

[limaphii]

A good rule when it comes to to irs is if you make over 1000 you should claim taxes. Just to keep irs out of your shit

[Beam]

Afiak Bitcoin is considered as internet/digital token by the government, so it isn't taxable and also you don't have to take any license for a service that you want to provide in exchange for bitcoins. But if you are converting bitcoins -> Fiat then it is mandatory to pay tax on it.

[ekoice]

I heard some countries have strict tax policies but still bitcoin has no tax since its a virtual currency with no tax at allbut when you transfer money then might need to pay tax but for bitcoins i think no tax in whole world at the moment.

[Nowl1935]

Since bitcoin is an internet currency that can be turn into a actual money. And Bitcoin too is known on Government but still government can't observe bitcoin that good. So I'm thinking if Bitcoin has tax??

Yeah, bitcoin doesn't have tax, but the transactions does. You can see the fee on the page of the blockchain.

[sulendra12]

I saw the article , when you want to withdraw your bitcoin in france you must pay the tax and must printed out the invoice
of your earning like trading , profit , etc (CMIIW)

[JesusHadAegis]

I saw the article , when you want to withdraw your bitcoin in france you must pay the tax and must printed out the invoice
of your earning like trading , profit , etc (CMIIW)

I think because it will be converted to there currency.

In most country btc is not taxable because its not handled by government. But once the government can get a hold of btc they can get tax. But i don't that comming because

Yeah, bitcoin doesn't have tax, but the transactions does. You can see the fee on the page of the blockchain.

Yes but i think it is just so low. Because all transaction in every way has payment.