Two things are certain: Bitcoin and Taxes

[Decoded]

This is why federal altcoins will not work. People use bitcoin ad it's one of the only things that they have total control of. (Does not mean they can't be forced into giving access to other people)

[mindrust]

Guys I am not talking about paying zero tax. Of course you have to pay something in order to survive but the government doesnt need to know about your bitcoins. If you dont tell them about it they wont fucking know a thing. If they dont know it, they wont tax you for it. So, keep your bitcoins in your private wallet and you will be safe.

[1Referee]

If you don't put any money on the banks, there is nothing they can do about this. No banks, no taxes. I want bitcoin to be more mainstream, so more sellers would accept bitcoin and i wouldnt forced to use Fiat but it seems it is not going to happen any time soon. People have gotten sick over their goverments and their shady acts that is why they dont wanna fuel up them with their taxes.

Not sure where you live, but here even if you don't have a bank account, you'll be forced to pay tax if you own a house, or have work that even pays you cash in your hand. If you're registered as citizen, but don't have work or any holdings at all, then you at least have to fill in a yearly tax report about what you have done. Even when you haven't done anything. There is no way to avoid it as citizen. Because if you don't fill it in..... They'll fine you heavily.

every country that has taxes is like this and i doubt that there is any place that don't take taxes, you pay them if you have a job and a salary, if you own some property like house, or even you are paying taxes when paying the bills or buying stuff.

you do not pay taxes if you have no source of income (or almost no income). this of course begs the question how you survive. the almost only way i see would be to live completely self sufficient. but if you live in a nice place and buy nice things then the government will want to now how this is possible. if you can not explain and prove this, then they will start to take away things. and if you are not able to pay you fine (no income remember) you will end up in jail.

As Herbert2020 also said in a previous post, you need to be some sort of a homeless man with no holdings at all in order to avoid the tax agency. Having that said, if you have an ID card or a passport, then you're at least forced to fill in a tax report once a year. If you don't do it this or next year, then you'll have to do it at the time you take a better position in life and have a house or something like that. Otherwise you'll need to stay homeless without holdings for your entire life.

[yenxz]

Sooner or later the government will fill us with taxes BTC . that is the reason there are many users do not want the government to interfere with BTC . I think fast or later rule that will happen . We'll see how the government had a role in this bitcoin tax .

[eternalgloom]

They used to double tax bitcoins where i live, 10% when purchasing and another 10% when selling. I'm glad the government changed that stupid law.

I get paid a percentage of my wage in bitcoin and nothing has changed from when i used to get paid completely in fiat, still running on PAYG (pay as you go tax)

Where do you live? That seems like something that could be avoided pretty easily and I've never heard of a law like that.

[Strongkored]

Sooner or later the government will fill us with taxes BTC . that is the reason there are many users do not want the government to interfere with BTC . I think fast or later rule that will happen . We'll see how the government had a role in this bitcoin tax .

I think if the government imposes a tax on bitcoin then it will also make bitcoin regulated by the government? And I think bitcoin will not be regulated by the government because of the decentralized nature of bitcoin. But it is possible it could also happen in the future. hehe IMO

[LC1007]

The government will un doubtfully somehow figure out how to tax all crypto currencies. 

[universe_]

This is why federal altcoins will not work. People use bitcoin ad it's one of the only things that they have total control of. (Does not mean they can't be forced into giving access to other people)

thats true, people like to have control of their own money so they will definitely choose bitcoins instead of a coin that is created by government

[ClownSpider]

The government will un doubtfully somehow figure out how to tax all crypto currencies. 

Impossible.  You don't know shit about bitcoin if you say such things.

[franky1]

I think that's the point of it being decentralised. It is really hard for people to track  it.
If hacking can take place in Bitcoin, so can tax evasion.

governments dont need to care about who paid you, or need to care about how much you were paid to start a civil recovery process on you (tax fine)

there are many non-blockchain ways to red flag someone. for instance
if they see someone applying for a mortgage, but have filed tax forms to say they have no income... red flag
but if they see someone buying a house outright, but have filed tax forms to say they have no income... red flag
seeing someone apply for car insurance on a modest priced car. red flag
poor people cannot really afford to maintain a low priced car with no income. so if governments see you driving a car.. red flag
even things like passports and plane tickets.. red flag
their bank account statement shows funds moving in and out that technically should not exist to such a poor person

then all they need to do is make a court order to get you to investigate yourself, where you have to provide proof of payment, etc as to how you were able to maintain a less than poor lifestyle while being poor. while they just sit back and work out how much to fine you to settle their minds. or how much time to put you in jail if they drum up a story that you got funds through criminal activity. whereby you are then really pressured to prove where funds came from including proving it was 'legit'

this is why so many poor people get hit with tax fines.. because its easy to spot a poor person with money then it is for a rich person.

these government tactic end up making poor people paranoid.
EG
even going so far as having no insurance so that they really really need to be watching what they do when they drive.
concentrating harder to not get a speeding ticket, parking ticket, to avoid red flags about a vehicle.
yes you can register a car to a "trust" or offshore entity. but u cant get car insurance on a trust.

cant have any registered property or insure your house/property
ending up as a nomad living in squats (ref: amir taaki as prime example)

[densuj]

At my country there are not yet rules for bitcoin and another cryptos coins, the users of bitcoin is still low too. I think it will need much time until the government take tax from bitcoin.

[franky1]

At my country there are not yet rules for bitcoin and another cryptos coins, the users of bitcoin is still low too. I think it will need much time until the government take tax from bitcoin.

they wont take tax from bitcoin.directly.
but they will treat is as they do any foreign currency.

EG
if your european, and you work for dollars. keeping it in an american bank account(imagine like keeping bitcoin as bitcoin) the European tax authorities wont do much. but as soon as you convert it to euro's or try spending it in europe. Bam, income tax

if your european, and you invest in an american company. keeping it in an american sharebroker account(imagine like keeping bitcoin as bitcoin) the European tax authorities wont do much. but as soon as you convert it to euro's. Bam, capital gains tax

if your european, and get funded via another currency, even if you find ways to pay your landlord, grocery store and other things in that foreign currency, if they notice you registered a new house, car, or other modest priced item, Bam civil investigation and fine.

the only way to avoid red flags for doing normal things. is to be fiat rich in the first place, then nothing normal will look out of place
having money gives you loop holes.
EG having funds in a bank, writing a cheque but then cancelling it before the recipient can cash it is fine
not having funds in a bank, writing a cheque that bounces, is nt fine
yet the recipient is victimised the same way.(not getting paid)

ordering something on ebay, paying for it but then requesting a chargeback, is fine
ordering something on ebay, and just not paying, is not fine.
yet the recipient is victimised the same way.(not getting paid)

[ajun96]

to me if state impose tax on bitcoin its mean that they have accepted bitcoin that will be really a good decision, and it must be in favour of bitcoin, through this bitcoin will become more popular in the people.

I think if bitcoin could be given tax Government must work extra hard because each person can have many addresses right ? so even though the government has know one of their address. they could make a manipulation. so that they will be spared from the tax? I think it will be difficult for the government to regulate this.

[franky1]

to me if state impose tax on bitcoin its mean that they have accepted bitcoin that will be really a good decision, and it must be in favour of bitcoin, through this bitcoin will become more popular in the people.

I think if bitcoin could be given tax Government must work extra hard because each person can have many addresses right ? so even though the government has know one of their address. they could make a manipulation. so that they will be spared from the tax? I think it will be difficult for the government to regulate this.

not really.
it doesnt matter where or how the funds are stored. if they want to tax you, they can.

even if you put all of your families funds into a trust(multisig is bitcoin equivelent) or spread each families funds into 2000 different accounts(addresses)
when you try spending them on real world items/property, your stung. then its up to you to investigate yourself or face a random large fine amount that they have pulled out of thin air.
its how they work. if they see you are suppose to be pennyless but find out you drive a nice car. they then look at not only the car but everything.
by charging a guy a few hundred dollars to visit you and take inventory of everything you own.
and then put a magic number against it to say this must be your income to be able to afford these 'luxuries' ..
they then add on the costs of this inventory gathering exercise and add that onto the bill you owe.
you then have to prove the opposite by showing how you could legitimately get all of those 'luxuries', while they sit back and let you dig your own grave, or wait for you to cut them a cheque

[Senor.Bla]

i agree with franky1 on almost all points.
funny how people think taxes work somehow differently with bitcoin. also some seem to know nothing about taxes at all.
i can just advice you to educate yourself, since not knowing is no excuse if the law knocks on your door.
 

[Doamader]

Sooner or later the government will fill us with taxes BTC . that is the reason there are many users do not want the government to interfere with BTC . I think fast or later rule that will happen . We'll see how the government had a role in this bitcoin tax .

The only thing bitcoin needs at the governments are they allow bitcoin and maybe bring a tax, a small one. Otherwise its better stay the way it is, no one will declare their bitcoin if they think to tax them above the profit people may take. I doubt countries can really control all bitcoiners portfolio and tax them, bitcoin is freedom currencie, if that ends bitcoin value should hit 0.

[20kevin20]

We all know about the Governments of this world never accepting the idea of anonymity. Through Bitcoin, we can finally be free but it won't take long. I am surprised they didn't take Bitcoin over iet, but I guess they will A.S.A.P.

[Senor.Bla]

Sooner or later the government will fill us with taxes BTC . that is the reason there are many users do not want the government to interfere with BTC . I think fast or later rule that will happen . We'll see how the government had a role in this bitcoin tax .

The only thing bitcoin needs at the governments are they allow bitcoin and maybe bring a tax, a small one. Otherwise its better stay the way it is, no one will declare their bitcoin if they think to tax them above the profit people may take. I doubt countries can really control all bitcoiners portfolio and tax them, bitcoin is freedom currencie, if that ends bitcoin value should hit 0.

of course there is no direct tax implemented in bitcoin. this is the same with fiat. nobody cuts a piece of your money and sends it to the government. but if you sell an item then in the price is a tax included. this does not depend on the currency. if you do not do it then the state will eventually find out and you get fined or worse. the same goes for income, where you have once a year tell the government how much you earned. if they want then they can look further into it. and this is where the problems usually start. 

[pereira4]

I doubt many of you care at this moment what Bitcoin is capable of achieving.

Most likely one of the most efficient automated taxation schemes on planet Earth.

I believe many of you gamblers and builders of the Bitcoin ecosystem haven't paid a dime yet to any of your local governments (that require them).

It's starts with voluntary taxation (exchange fees and transaction fees) but just wait until just the right "Federal Reserve" type coin gets released and fully adopted.

Then be prepared to repeat history as you breathe life into the new "State of Government".

Easy money comes at a large price.

Nothing in life is free.

Are you ready to sell your seed right up the river?

So quick to lay a brick on a building that should be condemned?

WHEN LARGE FINANCIAL INSTITUTIONS ADOPT BLOCKCHAIN TECHNOLOGY IT IS BECAUSE THEY SEE ABSOLUTE UNTESTABLE POWER.

The animals start the engine and then they show the world how bad you are mucking it up then they take it over.

It's that simple.

Bagged, tagged, and taxed.

You are not getting the full picture. Just because "federalgovermentcoin" gets released, doesn't mean people will stop supporting bitcoin, to the contrary, bitcoin will be even a stronger niche for those that want to escape government control potentially pushing the price to the actual moon , so please don't talk nonsense and think next time.

[Patatas]

--snipe--

Bitcoins don't fall into your wallet from heaven.You either buy them with your cash/debit cards or earn them.In the first case,you already are paying to your banks as a service charge for the purchase,in the late part,you're still paying the exchanges to liquidate the coins which is "service charged" for sure.Those exchanges don't run illegally,they indeed pay taxes.