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jump4ever
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March 11, 2018, 05:39:52 PM |
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If you send to an uninhabited island, where there is no home, clean water, food, internet. How will you survive? We are used to the fact that if we do not know something, we are looking for an answer on the Internet. But you will not even have a place to look for.
But if people can safely move around the whole planet, then there will be someone already living. They can teach me survival. earlier people as that lived. |
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Whoever mines the block which ends up containing your transaction will get its fee.
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kskwerl
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March 11, 2018, 05:42:45 PM |
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If you send to an uninhabited island, where there is no home, clean water, food, internet. How will you survive? We are used to the fact that if we do not know something, we are looking for an answer on the Internet. But you will not even have a place to look for.
But if people can safely move around the whole planet, then there will be someone already living. They can teach me survival. earlier people as that lived. The society can not accept you and simply destroy you. Them will be without a difference. No rules, no law. Suddenly it would be a squad of suicides. It is better to live and pay the state than to provide it where you can be destroyed so easily. |
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nightfury
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March 11, 2018, 05:44:01 PM |
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As a decentralized digital currency, people's earning in bitcoin is tax free unless if the government itself will craft a regulation against bitcoin, that may be the time the bank can take a percent for every transaction made in the crypto's blockchain.
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███████████████████████ ▀▄ Platio ▄▀ ███████████████████████
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ace4549
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March 11, 2018, 06:02:08 PM |
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No, actually the income tax is the life blood of the government they cannot easily eliminate this process because this is the sources of funds of the government to support local government projects in their country
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bitcoinbot
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March 11, 2018, 06:31:31 PM |
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That is one thing i like in Bitcoin, tax free it is really a good opportunity for an extra income besides having a daily job. This is also the reason why lots of Bitcoin users are doing full time Bitcoin because they control their time and of course they are getting the result of their hard work.
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Johnny Lgz
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March 11, 2018, 06:34:09 PM |
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as for the moment, yes, but government are looking ways to put some transactions with in regard to bitcoin so don't you worry, Tax will come to us, but I wish it will take more years...haha
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uchiha_madara
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March 11, 2018, 07:38:58 PM |
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As the age of cryptocurrency comes into full force, it will facilitate a subversively viable taxation avoidance strategy for many of the technically savvy users of peer-to-peer payment systems. In doing so, cryptocurrency use will act to erode the tax revenue base of national jurisdictions, and ultimately, reposition taxation as a voluntary, pay-for-performance function. In this post, I cover some of the benefits such a strategy will have for cryptocurrency investors, why our notion of taxation is ripe for disruption, and why cryptocurrency taxation is enabled by default. Read The Full Articlelol, I've read this and the presence of Bitcoin is like a disaster for the government |
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chamdiana
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March 11, 2018, 09:05:51 PM |
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That's why it is a big danger for governments!
Bitcoin is not a big danger for governments. If it is danger then why countries like developing countries stop using bitcoin. Countries like Japan , UK and USA using bitcoin. Bitcoin is not a danger but it can give breath to any country economy. Rather to destroyed them. Yes in future I don’t think so that bitcoin will kill income tax. But it can minimize them. State run on income tax. |
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Danielavgonz
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March 11, 2018, 09:08:05 PM |
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As the age of cryptocurrency comes into full force, it will facilitate a subversively viable taxation avoidance strategy for many of the technically savvy users of peer-to-peer payment systems. In doing so, cryptocurrency use will act to erode the tax revenue base of national jurisdictions, and ultimately, reposition taxation as a voluntary, pay-for-performance function. In this post, I cover some of the benefits such a strategy will have for cryptocurrency investors, why our notion of taxation is ripe for disruption, and why cryptocurrency taxation is enabled by default. Read The Full Articlethat will probably happen |
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doomloop
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March 11, 2018, 09:12:29 PM |
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The BTC is currently able to eliminate individual income tax, but if the BTC wants to grow for the long term, BTC should pay taxes, because only tax can be recognized by the government.
I think no, Bitcoin is not controlled by the government and it is not centralized. If bitcoin is centralized, maybe it’s value will be like our official currency in our country and its price will be stable and it is the time that bitcoin must pay taxes in the government. But, Bitcoin will never be a centralized cryptocurrency, and i know that it will no longer be like fiats. Even if bitcoin isnt centrallized , it can still be controlled by banks and governments because thesedays many countries are now adapting or legalizing bitcoin . they may now regulate bitcoin if they wanted to and i think they are already putting a tax on bitcoin as long as you use some kind of service that is operated by bitcoin. Like for example when you withdraw on a bitcoin atm or buy in a grocery using your bitcoins, you shouldnt know that youve been charged by a tax already. With every facility there comes new rules and regulations, so if the government will start adopting the bitcoin, then the governments will also introduce the systems by which they do not let the people to flew away from the tax net. Moreover, the there are already proposed systems in which people have to pay for the taxes on the transactions done for the purchasing systems. So the better statement would be that “Bitcoin will kill the present system of income tax” |
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dvillier
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March 14, 2018, 06:50:12 AM |
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Off kilter bitcoin will execute the wage assess in light of its one of a kind quality that nobody can get data about your bitcoin wallet even your Government as well. So if no body think about your wallet by what method will they constrain you to pay impose. Along these lines rich individuals will spare cash of the paying duty to the administration. Furthermore, at the last bitcoin will murder the assessment, the idea of the expense will be end.
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dvillier
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March 14, 2018, 06:52:45 AM |
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For me, yes bitcoin can slaughter the pay impose. Be that as it may, this time some nation says they will put some weight on bitcoin. Yet, despite everything I trust that bitcoin can slaughter the pay assess in light of the fact that that is the fundamental point of bitcoin, that administration can't control them. We as a whole realize that bitcoin can execute some computerized money namelessly and gain a lot of cash in a wide range of ways. I'm trusting that later on bitcoin will execute the salary assess in each state.
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mabell943
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March 16, 2018, 12:21:48 PM |
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Yes. It is possible to happen since the government can't make a law to it. It will be hard for the government to pass a law about putting tax in cryptocurrency because it is very unpredictable.
This is the reason why many people are prefering to use bitcoin.
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Divyanshu2710
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March 16, 2018, 12:30:52 PM |
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Completely being dependent on bitcoin will too arise the problems since banking system will disappear.
Transactions details won't be that open the way they are right now.
And thereby govt. wont be able to impose taxes on people.
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vk279
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March 16, 2018, 12:37:10 PM |
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That is the reason Governments, people in power etc are scared of crypto currencies. Cryptos are unstoppable, they might be able to slow it down in the short term but long term cyptos will take over.
Governments will still be able to tax people with sales tax, property tax, registration fees, tolls, this fee, that fee etc etc. So I don't think there is a threat to survival of governments. They will find a way to tax their citizens.
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Aaronnile1209
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March 16, 2018, 01:05:31 PM |
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Mathematical algorithms, typically Bitcoin, are becoming more and more popular. With a value increase of 600% in 2017, Bitcoin trading is considered to be profitable. However, legal failures with these types of money are still being tried by governments in new regulations, particularly in taxation.If the bitcoin transaction does not collect taxes, this can have a lot of impact on income tax, it may kill the income tax.
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oracleongoodbye
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March 16, 2018, 02:33:19 PM |
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Hold your horses there, it may lessen the income tax but the government can alwayd find a way to tax your Bitcoin earnings. In my opinion, we are still lucky that the governmet is not yet fully knowledgeable about the Bitcoin and it's ability to provide a quite a big amount of money without being taxed. But sooner or later they will find out. And I am 100% sure that they will do something about it in order to get a portion of the Bitcoin earning from their people. And this is when the income tax will be revisited and adjustded up to the scope if income from Bitcoin
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beej
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March 17, 2018, 07:45:39 AM |
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No, actually the income tax is the life blood of the government they cannot easily eliminate this process because this is the sources of funds of the government to support local government projects in their country
Yeah bitcoin cannot go on forever without being taxed at some point, isn't that what regulation is all about? That I believe is one thing the governments wants to imply. Taxes are considerably and essentially important to the government and nation, they claim to have diverse plans that need funding for the state and it's citizens. It's certainly nice having bitcoins currently without taxes, it maximizes our profits. But when the time comes, when regulations are imposed, taxes are gonna be a part of that. It may be good or bad, but that depends on the people, having taxes will allow cryptocurrency to operate and continue. |
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gvnsrbtc
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March 17, 2018, 07:02:41 PM |
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I guess this is the reason why government is regulating bitcoin they can't tax bitcoin so they tax the one buy and selling bitcoins it applies in the transfer fee of the third party where you buy and sell bitcoin they already seen this so they took measures in the one providing the market bitcoins.
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19nataliya12
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March 17, 2018, 09:44:49 PM |
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The Ministry of Finance provided an explanation on the payment of personal income tax (Personal Income Tax) for transactions with bitcoins. In response to a private request sent to the Ministry, the Tax and Customs Policy Department specified that the special procedure for taxing incomes in transactions with bitcoins is not established by the chapter "Individual income tax" of the Tax Code, but general provisions for the payment of personal income tax apply to them.
Individuals who receive remuneration on the basis of concluded civil-law contracts must independently calculate the amount of tax payable to the relevant budget and submit a corresponding declaration to the tax authority at their place of registration, the Finance Ministry notes.
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