Two things are certain: Bitcoin and Taxes

[GMPoison]

The US government wanting to tax bitcoin is a good thing. By doing so they're legitimizing bitcoin. I see no problems here as I'm not interested in bitcoin to make money tax free, but to change the world.

[bitcoindusts]

The US government wanting to tax bitcoin is a good thing. By doing so they're legitimizing bitcoin. I see no problems here as I'm not interested in bitcoin to make money tax free, but to change the world.

I agree on this.  Tax is needed to be implemented to legitimize the usage of bitcoin.  If tax is implemented then bitcoin will be in the mainstream in no time.  Also this will bring an increase in adoption that will result in increase in  Bitcoin price.

[bohr]

The US government wanting to tax bitcoin is a good thing. By doing so they're legitimizing bitcoin. I see no problems here as I'm not interested in bitcoin to make money tax free, but to change the world.

I agree on this.  Tax is needed to be implemented to legitimize the usage of bitcoin.  If tax is implemented then bitcoin will be in the mainstream in no time.  Also this will bring an increase in adoption that will result in increase in  Bitcoin price.

Tax does not need to be included in the code so you can pay your taxes, it is very likely that any gains  bitcoin users had with the rally are already subject to tax, so we don’t need to add that to the source code.

[Supercrypt]

The US government wanting to tax bitcoin is a good thing. By doing so they're legitimizing bitcoin. I see no problems here as I'm not interested in bitcoin to make money tax free, but to change the world.

You mean to say at least by paying taxes we need to make bitcoins legitimate ? Need to agree.

Anything received as payment for goods or services, including bitcoin, is taxable. If you earn income in bitcoin in the exchange of services with another person, it would become subject to income tax. In some places, if you earn money by trading bitcoins the gains could be taxed based on market value at the end of each tax year. So, no wonder if we happen to pay tax for using bitcoins in future. This is obviously certain.

[GMPoison]

The US government wanting to tax bitcoin is a good thing. By doing so they're legitimizing bitcoin. I see no problems here as I'm not interested in bitcoin to make money tax free, but to change the world.

You mean to say at least by paying taxes we need to make bitcoins legitimate ? Need to agree.

Anything received as payment for goods or services, including bitcoin, is taxable. If you earn income in bitcoin in the exchange of services with another person, it would become subject to income tax. In some places, if you earn money by trading bitcoins the gains could be taxed based on market value at the end of each tax year. So, no wonder if we happen to pay tax for using bitcoins in future. This is obviously certain.

Yes that's what I meant, by recognizing bitcoin and taxing it, they're essentially legitimizing it which I believe to be a good thing.