Two things are certain: Bitcoin and Taxes

[madwica]

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.

different from my country. the government knew about bitcoin and they have passed laws that virtual money and bitcoin is not the responsibility for the government. each person has a responsibility to himself. and bitcoin is not banned inmy country. but even so. the government does not give the slightest tax on bitcoin or virtual money

Also here in my country that government not yet imposed tax in digital currency and it is good to most users in here my country that we can exchange or spend bitcoin free to tax that is why every time i spend my bitcoin i feel discounted in every transaction i made.

[maydna]

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.

different from my country. the government knew about bitcoin and they have passed laws that virtual money and bitcoin is not the responsibility for the government. each person has a responsibility to himself. and bitcoin is not banned inmy country. but even so. the government does not give the slightest tax on bitcoin or virtual money

Also here in my country that government not yet imposed tax in digital currency and it is good to most users in here my country that we can exchange or spend bitcoin free to tax that is why every time i spend my bitcoin i feel discounted in every transaction i made.

i don't pay for taxes too because in my country, government don't said that its legal or no, beside that people on my country, especially in my city almost not know what is bitcoin, only few people which play buy and sell bitcoin, trade and gamble. my government only cares about people have business in offline so i think for next years, it will be free of taxes unless the government make policy about bitcoin.

[entrepmind23]

Bitcoin users are increasing and so as its transactions and the government is aware of this that's why they would find a way to get their share of the pie through taxes. They are enjoying it when people use fiat currency because they have their share and now that a new currency has been circulating that they don't have control yet, they will find a way to get hold of it since there is a possibility that their budget will be lessen due to transactions that they can't charge taxes on.

[mirakal]

Bitcoin users are increasing and so as its transactions and the government is aware of this that's why they would find a way to get their share of the pie through taxes. They are enjoying it when people use fiat currency because they have their share and now that a new currency has been circulating that they don't have control yet, they will find a way to get hold of it since there is a possibility that their budget will be lessen due to transactions that they can't charge taxes on.

The benefit of bitcoin is that we are not paying any taxes as it is not a currency recognize by the government, so we can prevent from double taxation sometimes impose by the corrupt government, to be practical we should just save our money in our wallet so the government will not determine our net worth.

[jakelyson]

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.

Yeah, they tax you when you buy and they tax you when you sell. You cannot avoid taxes. Good thing they are not taxing bitcoin yet. I can still hide some of my money in bitcoin and lessen my taxes. It is so painful to pay taxes when you see very few improvements in the community.

[Digital_Lord]

I think Bitcoins has no taxes

That is true. So far you don't have to pay taxes on Bitcoin. At least not in my country. But they say that only tax and death areq certain, now someone has also added Bitcoin. 

me too. I am also using bitcoin as a tax free currency. and I don't think It tax will ever apply on bitcoin.
bitcoin is a digital currnency. people will not even know who's have how much bitcoin. then how could govt charge tax on it.?

[johny87]

They are free to do so until the government legalize bitcoin and treat it as a currency, Then they can take taxes on it, IMO they shouldn't pay a dime until that is the case.

[coin_gambler]

I think Bitcoins has no taxes

of course bitcoins have no taxes if you send it without a fee though if you include it then you might need to pay some money

[blackmachinegun]

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.

of course there are no rules or regulations governing that bitcoin users have to pay taxes on their fortunes in bitcoin. of course it will never happen. the government will surely find it difficult to adjust the tax financing of each user. because the government would not be possible to know how much wealth each user

[diodio5]

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 it is impossible for the government to be giving taxes to the bitcoin users. bitcoin users have many ways to avoid their taxes.
they can use a mixer so that they can not be detected by the government. I think giving ideas for bitcoin enacted tax is a strange idea

[goinmerry]

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 it is impossible for the government to be giving taxes to the bitcoin users. bitcoin users have many ways to avoid their taxes.
they can use a mixer so that they can not be detected by the government. I think giving ideas for bitcoin enacted tax is a strange idea

Those greedy monsters will do something to create a tax. Maybe not now but they will specially when they see a lot of growth in price of bitcoin. They will make a law someday that will be about taxes when it comes to online currencies.

[lister storm]

I think Bitcoins has no taxes

well basically you are right in my opinion though if you buy something then you would still have to pay taxes such as vat and stuff like that

[shinratensei_]

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 it is impossible for the government to be giving taxes to the bitcoin users. bitcoin users have many ways to avoid their taxes.
they can use a mixer so that they can not be detected by the government. I think giving ideas for bitcoin enacted tax is a strange idea

it's not impossible but it's like a miracle for the government, and what a way of government for giving tax into the member always changes their address for every day or weeks? using bitcoin is a one-way making stupidity for the government. they can't give tax with as they want.

[madwica]

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 it is impossible for the government to be giving taxes to the bitcoin users. bitcoin users have many ways to avoid their taxes.
they can use a mixer so that they can not be detected by the government. I think giving ideas for bitcoin enacted tax is a strange idea

it's not impossible but it's like a miracle for the government, and what a way of government for giving tax into the member always changes their address for every day or weeks? using bitcoin is a one-way making stupidity for the government. they can't give tax with as they want.

Agreed it is not impossible that government will be accepted and impose tax every transaction of bitcoin but this is not good for the users of bitcoin because as of now we are happy to use bitcoin without tax incurred in every transaction while if government take advantage to impose tax in bitcoin i think we can not enjoy the rebates in every transaction we made.

[Leonard2016]

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 it is impossible for the government to be giving taxes to the bitcoin users. bitcoin users have many ways to avoid their taxes.
they can use a mixer so that they can not be detected by the government. I think giving ideas for bitcoin enacted tax is a strange idea

it's not impossible but it's like a miracle for the government, and what a way of government for giving tax into the member always changes their address for every day or weeks? using bitcoin is a one-way making stupidity for the government. they can't give tax with as they want.

Agreed it is not impossible that government will be accepted and impose tax every transaction of bitcoin but this is not good for the users of bitcoin because as of now we are happy to use bitcoin without tax incurred in every transaction while if government take advantage to impose tax in bitcoin i think we can not enjoy the rebates in every transaction we made.

they can never impose taxes for "evert transaction" of bitcoin. for that they need to know where every transaction is coming from and where it is goind. they can only take taxes from the businesees and that is all.

[groll]

Even if bitcoin is decentralized it does not mean that it is free of tax.  When you exchange it to currency there is a certain fee and I think partbof it goes to tax.  And I do not think the government does not know about it where in fact some banks here in our country supports and allow bitcoin teansactions.  There is just certain fees but it was not that large.  Otherwise they will banned it and stop the bitcoins if ever there is no return of benefits to them.

[mirakal]

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 it is impossible for the government to be giving taxes to the bitcoin users. bitcoin users have many ways to avoid their taxes.
they can use a mixer so that they can not be detected by the government. I think giving ideas for bitcoin enacted tax is a strange idea

it's not impossible but it's like a miracle for the government, and what a way of government for giving tax into the member always changes their address for every day or weeks? using bitcoin is a one-way making stupidity for the government. they can't give tax with as they want.

Agreed it is not impossible that government will be accepted and impose tax every transaction of bitcoin but this is not good for the users of bitcoin because as of now we are happy to use bitcoin without tax incurred in every transaction while if government take advantage to impose tax in bitcoin i think we can not enjoy the rebates in every transaction we made.

they can never impose taxes for "evert transaction" of bitcoin. for that they need to know where every transaction is coming from and where it is goind. they can only take taxes from the businesees and that is all.

How can they impose a tax on anonymous thing, maybe for some platform that require its client to comply with the KYC policy has a chance that its clients will be impose a tax due for every transaction. The government will impose tax if possible as that is their goal to increase tax collections for the country.

[Barbut]

I'm reading this and in case that governments really start to tax bitcoins, can we start to use other crypto currency? Or OP thinks that governments and big companies will tax entire blockchain technology?
I'm not sure when something like this can happen, I'm sure that governments are thinking about how to get into blockchain, but for now they are on a side just watching.

[chaser15]

I'm reading this and in case that governments really start to tax bitcoins, can we start to use other crypto currency? Or OP thinks that governments and big companies will tax entire blockchain technology?
I'm not sure when something like this can happen, I'm sure that governments are thinking about how to get into blockchain, but for now they are on a side just watching.

They wil not going to tax bitcoin directly that you will received but rather the exchanger whenever you will convert it to fiat or going to buy some that's why legit exchanger have some fees especially the local one registered to respective country.

Since the service is about money changing or anything involved about money, they must comply with the regulations and law.

[davis196]

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.

I don`t see where is the problem.Everyone has to pay their taxes.

If you earnings are in bitcoins,you have to pay taxes.Bitcoin is not tax free.

I`m not ready to sell my seed right up the river.