Paying taxes on forum?

[ultrloa]

Does they need to know about that kind of job? Is bitcoin known by your local authorities? Well if not i don't think we really need to pay taxes for our earning bitcoin on our ventures since our profit earnings here is little not where not doing some stable jobs here thats why its very bad if it really implemented by the law and might be a source of corruption money and used for some politics greediness.

[JITENDERPAR3]

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?

i think they are paying some tax because i in my opinion the main income source is due to the income from the campaign .
but may be this campaign is Making only money from advertisement at the new post .

[coynedterm]

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?

actually this forum is Making money from new post in this forum .
when new post is created in this forum then a site adds will show below the new topic .
and these adds giving sites paying for thier advertisement .

[noictib]

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?

actually at the current time the only income is of the publisher and of advertiser .
actually the developer debloped his site and making publicity through this forum by giving a space below the new post of this forum only .
well may be another way to make some earning of this forum .
but here
https://bitcointalk.org/index.php?topic=1662893.0;topicseen
this link will explain clearly .

[Zadicar]

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?

Theres no tax  to  be payed  by someone   to the government  hence all people  here said the same thing too on  which  bitcoin is  not  legalized  and  been  noticed  by the government thats  why they cant   imposed  taxes on people  who do use  bitcoin and   thats really an  advantage  when   you do avoid taxes especially  on  big amount  transactions.

[Wandering Soul~]

The government doesn't even recognized bitcoin as a currency so I doubt that they are taxing them.  And it wil be really hard to tax someone cause bitcoin is anonymous and decentralized.

But I think bitcoin is still taxable, Just look the growing community of bitcoin users and merchants. Government spotting us is just a matter of time.

[TastyChillySauce00]

The government doesn't even recognized bitcoin as a currency so I doubt that they are taxing them.  And it wil be really hard to tax someone cause bitcoin is anonymous and decentralized.

But I think bitcoin is still taxable, Just look the growing community of bitcoin users and merchants. Government spotting us is just a matter of time.

it's matter about the time and the governments will eventually recognize bitcoin as a currency and whether it's illegal or legal it's all depend on the countries or governments themselves,and yeah bitcoin is taxable if you know how to tax it,simply taxing those merchants

[rinhunter]

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.

[Dank14]

The government doesn't even recognized bitcoin as a currency so I doubt that they are taxing them.  And it wil be really hard to tax someone cause bitcoin is anonymous and decentralized.

But I think bitcoin is still taxable, Just look the growing community of bitcoin users and merchants. Government spotting us is just a matter of time.

Well, a U.S judge ruled bitcoin as money in a money laundering court case involving bitcoin transactions

[Monnt]

No. Bitcoin is just a cryptocurrency and the government has not much control over it compared to currencies such as USD. And I highly doubt people are earning crazy amounts here so declaring it would be really insignificant.

People are actually earning significantly amount here only if you do not know, but that does not mean that everyone must declare his income because not everybody who is using bitcoin is from USA and bitcoin is does not belong to any country. If they must make that rule, then they should wait for USA citizens using bitcoin to do that after converting bitcoin to fiat.

[Leprikon]

The government doesn't even recognized bitcoin as a currency so I doubt that they are taxing them.  And it wil be really hard to tax someone cause bitcoin is anonymous and decentralized.

But I think bitcoin is still taxable, Just look the growing community of bitcoin users and merchants. Government spotting us is just a matter of time.

Well, a U.S judge ruled bitcoin as money in a money laundering court case involving bitcoin transactions

In 2016, a judge in Manhattan ruled that Bitcoin is not a means of payment. Therefore, the government has not yet decided what to do with Bitcoins

[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.

[Hatuferu]

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.

[Doms]

If bitcoin earnings are going to be taxed, that should only apply to those earning a certain amount. Like what the government does when it comes to income taxes. Those who earn little are free from paying their taxes while brackets are set for those earning different incomes from higher range. I think the same can be applied to bitcoin if eventually the government decides they want a share of what people earn from bitcoin.

[mirakal]

If bitcoin earnings are going to be taxed, that should only apply to those earning a certain amount. Like what the government does when it comes to income taxes. Those who earn little are free from paying their taxes while brackets are set for those earning different incomes from higher range. I think the same can be applied to bitcoin if eventually the government decides they want a share of what people earn from bitcoin.

In real life we are taxed base on the classification of our transaction but in the crypto world we are doing different transaction that the government cannot trace, here we can make things legitimate although it's illegal transaction and that does not matter as we are not under the control of the government.

[Gosu]

I think its called miners fee not taxes

[n0ne]

I think its called miners fee not taxes

That's wrong. what you mean is the transaction fees. Upon the transaction made the fees will be credited to the miners who were the key role for bitcoin generation. Tax doesn't need to be paid to the forum or government because our transaction will be traced but users can't be identified.

[gabmen]

I think its called miners fee not taxes

That's wrong. what you mean is the transaction fees. Upon the transaction made the fees will be credited to the miners who were the key role for bitcoin generation. Tax doesn't need to be paid to the forum or government because our transaction will be traced but users can't be identified.

Yeah you're it defeats the anonymity bitcoin provides. Its normal to have transaction fees although i don't think bitcoin forums can actually be taxed. It going to take the governments a lot to figure that out

[Aamir1]

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.

[mirakal]

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.