Paying taxes on forum?

[milewilda]

Yes in my country, you should report but only for big earning like local exchanger service. For other business in Bitcoin not yet for now. But if offer service had big earning too i think it must be reported. It also can make Bitcoin legalized in the country because govt see big income in Bitcoin and they would not miss it.

Is bitcoin legalized or used by authorities in your country? If no then i'm surprised why you will need to report them for doing anything or earning anything from bitcoins, that would only apply in a country where bitcoin is used as a legal currency in physical world as well, otherwise there should be nothing like that.

That's actually the good point there, bitcoin is not regulated so we are not oblige to comply with the laws of the state. We are not doing illegal and that's good because we can fully enjoy our earnings here and we can get it in full without tax deduction unlike in real life situation.

True and this is the  one of  benefits  on  bitcoin  that we could surely attain  and  its  the freedom  of having taxes  unlike on our  day stable  job  we are  obliged to pay taxes  hence  fiat are regulated and  controlled  by  the government  thats why  they  collect taxes  on  every person  who does  have  income unlike to bitcoin as you mentioned its  not  being  controlled   by the government thats  why they cannot  impose  taxes  to its users.

[1715111987]

1715111987

[Bitonly88]

I believe that any taxes I should not have to pay on this forum. There is no law which would oblige me to do so. And if there is no law that I'm doing the right thing))

[tabas]

I believe that any taxes I should not have to pay on this forum. There is no law which would oblige me to do so. And if there is no law that I'm doing the right thing))

This forum doesn't even collects tax from its member, if this forum is collecting tax from us then there is no need for the admin to ask some advertisers to get some space throughout the forum. And bitcoin is still not covered by the law so there is no need to pay taxes unless your government declares a law that you must pay your obligation.

[Yakamoto]

Do you think that people who offer some services here on forum and make money from it (like exchangin Bitcoin, offering lending services, web design, translations etc.) are also obliged to report that to their local authorities and pay tax?

Chances are there are definitely some people who have to claim their taxes, but at the same time a majority of the people here likely don't, either because they don't have to or it isn't really worth their time. It varies though, so check your laws and so. Most countries will specify.

And yes, a ton of people offer services like the ones you describe. Just go look at the marketplace if you don't believe me.

[sunsilk]

Do you think that people who offer some services here on forum and make money from it (like exchangin Bitcoin, offering lending services, web design, translations etc.) are also obliged to report that to their local authorities and pay tax?

No, because as far as I know there are no certain taxation laws that are covering the people who are working here on forum and there is no law also here in forum that you need to pay tax once you got some big bucks done.

That is why, many people from cyber world are becoming richer than people who works in real life, because they don't pay tax.

[arseaboy]

Do you think that people who offer some services here on forum and make money from it (like exchangin Bitcoin, offering lending services, web design, translations etc.) are also obliged to report that to their local authorities and pay tax?

No, because as far as I know there are no certain taxation laws that are covering the people who are working here on forum and there is no law also here in forum that you need to pay tax once you got some big bucks done.

That is why, many people from cyber world are becoming richer than people who works in real life, because they don't pay tax.

indeed. these services are not covered by taxes so that's why most freelancers or businesses uses this type of forum so that they can get away with taxes or fees. this is actually one of the advantages in the world of bitcoin. 

[ClaraLuV]

i do not think that earning some pennies online wont be an issue and it wont be taxable but what if you are earning substantial amount of money through bitcoin , i am sure you have to file the returns if not it would cause problem later on

[deisik]

Do you think that people who offer some services here on forum and make money from it (like exchangin Bitcoin, offering lending services, web design, translations etc.) are also obliged to report that to their local authorities and pay tax?

If they sell earned bitcoins for fiat and book profits in fiat, I suspect that they will have to pay an income tax. Though I seriously doubt that anyone is going to pay anything, barring some perverts, obviously. By inflating national currencies most governments are already heavily taxing their population through seigniorage...

So that shouldn't be an issue of moral concern for almost anyone

[just_Alice]

Do you think that people who offer some services here on forum and make money from it (like exchangin Bitcoin, offering lending services, web design, translations etc.) are also obliged to report that to their local authorities and pay tax?

The laws are different from country to country, so it's hard to say whether should report to authorities or not, but I think if they have very small profit compared to what rich people have in their countries it would be anfair to demand from them paying taxes.

[yayayo]

Do you think that people who offer some services here on forum and make money from it (like exchangin Bitcoin, offering lending services, web design, translations etc.) are also obliged to report that to their local authorities and pay tax?

Well it greatly depends on the jurisdiction. Extortionate measures of governments vary from country to country. In general I would consider the vast majority of activities in the forum as non-taxable events. There are even countries that consider any income from international sales as non-taxable. Also, most people are not operating real businesses, their offerings are merely casual and not generating significant profits. And even if there are profits, selling of personal items is rarely taxable or only if certain threshold are exceeded.

Even if some offerings may be taxable, it's unlikely that public authorities are aware of it or will be able to enforce taxation on specific individuals. But maybe some people here are even honest taxpayers and report their activities.

ya.ya.yo!

[deisik]

Do you think that people who offer some services here on forum and make money from it (like exchangin Bitcoin, offering lending services, web design, translations etc.) are also obliged to report that to their local authorities and pay tax?

Well it greatly depends on the jurisdiction. Extortionate measures of governments vary from country to country. In general I would consider the vast majority of activities in the forum as non-taxable events. There are even countries that consider any income from international sales as non-taxable. Also, most people are not operating real businesses, their offerings are merely casual and not generating significant profits. And even if there are profits, selling of personal items is rarely taxable or only if certain threshold are exceeded.

Even if some offerings may be taxable, it's unlikely that public authorities are aware of it or will be able to enforce taxation on specific individuals. But maybe some people here are even honest taxpayers and report their activities

Honest taxpayers? You must be kidding. Whenever someone seemingly pays taxes on their own volition, they either have a few screws loose in the attic or pursue ends which are a far cry from being an honest taxpayer, for example, aiming at money laundering or some other nefarious activity. Personally, I've never heard of someone wanting to pay taxes if they could safely not pay them...

Is it just me or what?

[richardsNY]

Do you think that people who offer some services here on forum and make money from it (like exchangin Bitcoin, offering lending services, web design, translations etc.) are also obliged to report that to their local authorities and pay tax?

Well it greatly depends on the jurisdiction. Extortionate measures of governments vary from country to country. In general I would consider the vast majority of activities in the forum as non-taxable events. There are even countries that consider any income from international sales as non-taxable. Also, most people are not operating real businesses, their offerings are merely casual and not generating significant profits. And even if there are profits, selling of personal items is rarely taxable or only if certain threshold are exceeded.

Even if some offerings may be taxable, it's unlikely that public authorities are aware of it or will be able to enforce taxation on specific individuals. But maybe some people here are even honest taxpayers and report their activities

Is it just me or what?

Nope, it's not just you. If I take myself as an example, then I can safely say that I pay more than enough tax over the salary that I have, that I pay more than enough tax over the money that I have in my bank accounts, that I pay more than enough tax over everything else I am generating in fiat, and plenty more things. Bitcoin gives me the chance to have a good portion of my money outside the reach of the greedy government. I am not a money tree. I work hard for every dollar that I make. That is why I am glad that I have Bitcoin that I can use as store of value. I am not paying any tax over what I hold in Bitcoin. And no, I don't feel bad about it.

[SmartIphone]

Do you think that people who offer some services here on forum and make money from it (like exchangin Bitcoin, offering lending services, web design, translations etc.) are also obliged to report that to their local authorities and pay tax?

These are private deals and I don't think that every one should pay taxes, what about if someone earns $1, should he declare this?
I'm not a lawyer and don't know much about these legal things but for companies that hire these guys taxes maybe should be applied.

As a small tax payer we are not directly aware that tax will be tax impose upon us and whatever our earnings here is not subject to tax based on my limited knowledge. In fact, it's the reality that attracts more investors here because their income is not subject to tax and we can hide our riches here if we have without the government knowing it as bitcoin is not under their jurisdiction.

The problem is that people can make bitcoin transaction which can worth millions of dollars or even half-billion.
Check this transaction https://blockchain.info/tx/fea3e0d0e15e991d20d4b9867c1469bdf3e70fd91b2dba3410af05ad5e18f554 and you can see that with only 8 cent you transfer 4.4 million dollars.

[Mastsetad]

I believe that any taxes I should not have to pay on this forum. There is no law which would oblige me to do so. And if there is no law that I'm doing the right thing))

Same here, everyone earns bitcoins from this forum and i don't think everyone pays taxes to their government for doing that, i don't do that personally because bitcoins is not a legal currency yet in my country nor it is used by any authorities here so how would i just go to them and tell them that i'm earning this coin and i wanted to give tax, that would be a madness.

[saenko]

I believe that any taxes I should not have to pay on this forum. There is no law which would oblige me to do so. And if there is no law that I'm doing the right thing))

Same here, everyone earns bitcoins from this forum and i don't think everyone pays taxes to their government for doing that, i don't do that personally because bitcoins is not a legal currency yet in my country nor it is used by any authorities here so how would i just go to them and tell them that i'm earning this coin and i wanted to give tax, that would be a madness.

and I do not get on this board Bitcoins. Therefore, I will not pay anything. But even if received, the State would not be talking about this.

[bittraffic]

Taxing us mean they are now recognizing btc as currency.   
People in the forum only earn few bucks a week, they can probably just ignore us. but they may be able to tax those exchanges after all they earn big, every transactions has a fee.

[ged00u]

Do you think that people who offer some services here on forum and make money from it (like exchangin Bitcoin, offering lending services, web design, translations etc.) are also obliged to report that to their local authorities and pay tax?

Nope, Bitcoin was not designed by the government so that the Government can not force their citizen to pay tax on it. In fact, you do not have to pay any tax ( excluding fees for miners) in order to use bitcoin. That's why many poor countries afraid of Bitcoin. They scare that bitcoin may effect a lot on the national situation as well as the Fiat. Therefore, Bitcoin is still being banned in many countries in the world

[X-ray]

Taxing us mean they are now recognizing btc as currency.   
People in the forum only earn few bucks a week, they can probably just ignore us. but they may be able to tax those exchanges after all they earn big, every transactions has a fee.

money is money and there's no point to ignore someone who can be taxed,if government really want to tax bitcoin users in the future,they seemed to tax any exchangers and merchants,even though an exchangers nowaday which officially recognised as a company already taxed

[planfox]

Taxing us mean they are now recognizing btc as currency.   
People in the forum only earn few bucks a week, they can probably just ignore us. but they may be able to tax those exchanges after all they earn big, every transactions has a fee.

money is money and there's no point to ignore someone who can be taxed,if government really want to tax bitcoin users in the future,they seemed to tax any exchangers and merchants,even though an exchangers nowaday which officially recognised as a company already taxed

The government is already beginning an active interest in Bitcoin. So I would not be surprised if the tax will be introduced. But really I do not want this to happen

[deisik]

Do you think that people who offer some services here on forum and make money from it (like exchangin Bitcoin, offering lending services, web design, translations etc.) are also obliged to report that to their local authorities and pay tax?

Nope, Bitcoin was not designed by the government so that the Government can not force their citizen to pay tax on it. In fact, you do not have to pay any tax ( excluding fees for miners) in order to use bitcoin. That's why many poor countries afraid of Bitcoin. They scare that bitcoin may effect a lot on the national situation as well as the Fiat. Therefore, Bitcoin is still being banned in many countries in the world

I'd rather say that the majority of things were not designed by the government, even money itself was not their invention. Taxes are said to be intended to fund numerous public expenditures, allegedly for the common good. At least, that's what they say. But, like with the fractional reserve banking (a misnomer on its own) where banks don't actually need deposits to create debt, the government don't need taxes since it is the only entity which allowed itself to print money...

And fiat money is a tax in its own right already