Do Bitcoins have Tax??

[sishendaoye]

No Bitcoin does not have any tax because it is not controlled by the goverment so they cannot put any tax on it even if they wanted to.
Many people are also making use of Bitcoin because there is no tax included.

[1714980061]

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[1714980061]

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[aesma]

No Bitcoin does not have any tax because it is not controlled by the government so they cannot put any tax on it even if they wanted to.
Many people are also making use of Bitcoin because there is no tax included.

What do you make of the wealth tax some countries have (France, Belgium for example) ? Government don't control the property market, it doesn't mean you don't pay tax.

In France there is a huge tax on gold, yet the government doesn't control the gold market.

What about capital gains taxes ?

[vero]

Im always converting my bitcoin in real cash every week end because i need it for my daily expenses where i can earn bitcoin from signature campaign estimated 0.03 plus bitcoin every week that's too much for me and if im going to withdraw that bitcoin we don't have to pay the tax because it's always free.

i have not heard that it has imposed a tax on despite bitcoin transactions made in large numbers so I think it will be safe until the government accepts the existence of bitcoin.

[aesma]

If you use a bitcoin ATM I guess you can get away with it.

[swogerino]

If there were any tax on it then that would be news to me.

How would it be done if it is not regulated anyhow?

[Supercrypt]

No Bitcoin does not have any tax because it is not controlled by the government so they cannot put any tax on it even if they wanted to.
Many people are also making use of Bitcoin because there is no tax included.

What do you make of the wealth tax some countries have (France, Belgium for example) ? Government don't control the property market, it doesn't mean you don't pay tax.

In France there is a huge tax on gold, yet the government doesn't control the gold market.

What about capital gains taxes ?

It is because gold itself can not be considered a currency of it's own, unlike with bitcoin which you can do so.
Putting taxes on bitcoin directly is like putting taxes everytime you use a currency. Practically no real time example for such a scenario. Let us wait and see on how the regulations are moving...

[richardsNY]

If there were any tax on it then that would be news to me.

How would it be done if it is not regulated anyhow?

It's very simple, certain governments have categorized Bitcoin as being an asset, and some governments find Bitcoin to be pure money. And that's why you have to pay tax over your Bitcoin holdings as well as your other "normal" holdings. Not very difficult to spot, right?

[aesma]

No Bitcoin does not have any tax because it is not controlled by the government so they cannot put any tax on it even if they wanted to.
Many people are also making use of Bitcoin because there is no tax included.

What do you make of the wealth tax some countries have (France, Belgium for example) ? Government don't control the property market, it doesn't mean you don't pay tax.

In France there is a huge tax on gold, yet the government doesn't control the gold market.

What about capital gains taxes ?

It is because gold itself can not be considered a currency of it's own, unlike with bitcoin which you can do so.
Putting taxes on bitcoin directly is like putting taxes everytime you use a currency. Practically no real time example for such a scenario. Let us wait and see on how the regulations are moving...

I'm not saying it's practical to tax, I'm saying it's not tax free. I used to sell stuff on eBay. Used computer hardware, to buy new one. Only my personal stuff. I still should have paid tax on this.

[dearbesz1219]

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??

Edit:
Now I know that bitcoin doesn't have tax but Transaction does..
Where do these Tax go?Government? And what kind of tax is it??

Bitcoin actually don't have any deduction about in tax. Only charge fee for every transaction. If ever bitcoin have tax I think that time bitcoin maybe control by the government.

[Zadicar]

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??

Edit:
Now I know that bitcoin doesn't have tax but Transaction does..
Where do these Tax go?Government? And what kind of tax is it??

Bitcoin actually don't have any deduction about in tax. Only charge fee for every transaction. If ever bitcoin have tax I think that time bitcoin maybe control by the government.

True, theres no tax on bitcoin since its decentralized and doesnt controlled by anyone. You have a point if it do have a tax maybe its already controlled  by the government. Transaction fees are there but its just small even if you intend to transfer huge amounts but the transfer fee is the same.

[johnnyyash]

I don't think so...but in some countries it might be possible.. But I also still feel that bitcoin it can turn to real cash and used for tax...

[randy8777]

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??

Edit:
Now I know that bitcoin doesn't have tax but Transaction does..
Where do these Tax go?Government? And what kind of tax is it??

Bitcoin actually don't have any deduction about in tax. Only charge fee for every transaction. If ever bitcoin have tax I think that time bitcoin maybe control by the government.

True, theres no tax on bitcoin since its decentralized and doesnt controlled by anyone. You have a point if it do have a tax maybe its already controlled  by the government. Transaction fees are there but its just small even if you intend to transfer huge amounts but the transfer fee is the same.

bitcoin being decentralized has nothing to do with whether or not you have to pay tax. you as individual are responsible for your tax declarations. if you declare that you own a certain amount of bitcoin, then you have to pay tax over your coins. it's that simple.

[Noctis Connor]

Im always converting my bitcoin in real cash every week end because i need it for my daily expenses where i can earn bitcoin from signature campaign estimated 0.03 plus bitcoin every week that's too much for me and if im going to withdraw that bitcoin we don't have to pay the tax because it's always free.

wow! thats big! how i wish i could earn like that every week! cool! i should work hard more! im withdrawing my 0.03 tomorrow because i need it and also here in our country it has no tax but it has fees if you withdraw it but it is okay

You gonna make it soo soon just work hard and every thing will follow im earning also in my signature campaign where i earn 0.004 daily if i made 20 post a day and thats big for me and i can withdraw my bitcoin every week which is the has no fee because im using bitcoin wallet that patnered some bank :|)

[kanazawa]

Comparing with any service and if we note that you can transfer any amount you want the taxation is ridiculously small. It's pretty symbolic and even for a maintenance it's the smallest in the world.

[aesma]

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??

Edit:
Now I know that bitcoin doesn't have tax but Transaction does..
Where do these Tax go?Government? And what kind of tax is it??

Bitcoin actually don't have any deduction about in tax. Only charge fee for every transaction. If ever bitcoin have tax I think that time bitcoin maybe control by the government.

True, theres no tax on bitcoin since its decentralized and doesnt controlled by anyone. You have a point if it do have a tax maybe its already controlled  by the government. Transaction fees are there but its just small even if you intend to transfer huge amounts but the transfer fee is the same.

bitcoin being decentralized has nothing to do with whether or not you have to pay tax. you as individual are responsible for your tax declarations. if you declare that you own a certain amount of bitcoin, then you have to pay tax over your coins. it's that simple.

Finally someone with some understanding of what we're talking about !

It may be easy to cheat the taxman, but it's better to at least realize you're doing it.

[bitlancr]

yes it depends on where you are from but if you are earning alot of money with bitcoin and not showing it to the tax then you are earning black so aslong as the country knows what you earn in bitcoin aswell you should be fine, or you could leave it black but if they find out you might be screwed

[mantra]

yes it depends on where you are from but if you are earning alot of money with bitcoin and not showing it to the tax then you are earning black so aslong as the country knows what you earn in bitcoin aswell you should be fine, or you could leave it black but if they find out you might be screwed

yes, most countries do collect taxes from all the things that make money, including bitcoin. of course we have to report our wealth in the form of bitcoin to determine the amount of tax

[Sidas_Crew669]

yes it depends on where you are from but if you are earning alot of money with bitcoin and not showing it to the tax then you are earning black so aslong as the country knows what you earn in bitcoin aswell you should be fine, or you could leave it black but if they find out you might be screwed

yes, most countries do collect taxes from all the things that make money, including bitcoin. of course we have to report our wealth in the form of bitcoin to determine the amount of tax

That is certainly true, most countries in the world, this will definitely do the analysis of the wealth we have. But specifically for bitcoin, I think there hasn't been a country do analyses or acceptance of the bitcoin as one taxpayer. Because the tax is a form of protection of their rights to get freedom in doing something against their wealth for not violating state law

[funkenstein]

What is this nonsense?  

Bitcoin is used for payments ..  which are also known as taxes.  So yes, bitcoin is specifically designed as payment tool, that to settle sums owed, to pay one's tax.  There are taxes paid to miners for their services, there are taxes paid to exchanges for their service, there are taxes paid to restaurants for their services, etc.  There are taxes paid to extortion rings so they don't lock your family up, and there are taxes paid for education, transportation, drugs..  you name it.

If you have a question about a specific person requesting a specific tax, then lets hear it.  Otherwise, this thread is sad nonsense.    

[Crypt0kn1ght]

No tax, just transaction fee