Should governments allow people to pay their taxes in Bitcoin BTC?

[instacalm]

If it was an option in your country, would you pay your taxes with Bitcoin?

Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?

I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC

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[Vaccinus]

there are services which let you pay in bitcoin, you know about cashila and bitbill.eu? i don't need the approval of the government to use them, just pay the fee and you are welcome

[hardtime]

It's not more along the lines of if governments should I would say if governments will, if they really see a reason that bitcoin has such a hold on them not being paid for a good amount of tax funds and that if it will really make a difference in the amount of revenue they have they will adjust. The government will adapt and change if need be, they won't just do it for the greatness of everyone else.

They should, but they only will if it makes a difference to THEM not to you in the least.

[calkob]

I wouldnt personally pay my taxes with bitcoin as i think it is still way undervalued and when i look back in years to come i will regret letting my bitcoin go for stupid shit .... like vitalik butterin spent like 8 bitcoin on a tshirt back in the day, and there is probably worse stories than that ie:Pizza ...... lol   

i do think that others should be able to tho if they chose

[~Bitcoin~]

For me, It doesn't make any sense or doesn't sound any difference between paying in fiat or in bitcoin. Taxes will always be charged in terms of dollar, EUR and even if you can pay with bitcoin you have to pay according to bitcoin market rate. So there is no difference between paying with bitcoin.  

[NUFCrichard]

If you pay your taxes in Bitcoin, they would immediately ask you to pay taxes on your Bitcoin too!
Working out your taxes on your Bitcoin is/will be a pain in the ass, so I would rather just pay my taxes with fiat and not have the IRS snoop into my Bitcoin affairs!

I don't see any advantage to using Bitcoin for paying your taxes anyway.

[Patatas]

If it was an option in your country, would you pay your taxes with Bitcoin?

Definitely yes! Oh wait,what if the prices of bitcoin rise and I end up paying way more than I should have ?

Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?
I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC

We can propose a solution.When government would accept bitcoins,I'm sure they will take care of the price differences.

[Gimpeline]

I hope it never happens. Think of all the "know you customer" crap we have now, It's hard to buy bitcoin without getting a anal probe. Think how it will be if the state is the one collecting.

[helloeverybody]

I dont particularly like getting rid off my bitcoin and even less so to the government. You could compare it to paying the government taxes in gold rather than fiat which i wouldnt want to do either. Let them have their paper money =p

[severaldetails]

I do not think this is going to happen.
But if a government would really do so, I would appreciate it.
The important thing would be that a government recognizes bitcoin as a legit way to make a payment. Even to the authorities.
This could give bitcoin big support in that country.

[South Park]

If it was an option in your country, would you pay your taxes with Bitcoin?

Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?

I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC

No I will not pay with bitcoin, why I would volunteer that information to the government of the country in which I reside? Then they will know that you at least own that address and then they could begin to try to link transactions and other addresses back to you, it is  a bad idea since it defeats the purpose of trying to reach anonymity with bitcoin.

[dothebeats]

This is clearly a contradicting idea to begin with, and paying your taxes with btc doesn't do any advantages or whatsoever except for saving time in going to the bank/government offices or whatnot. Also, there already exists some services in which you would be able to send btc to pay for your taxes and the rest would be done by that service.

I wouldnt personally pay my taxes with bitcoin as i think it is still way undervalued and when i look back in years to come i will regret letting my bitcoin go for stupid shit .... like vitalik butterin spent like 8 bitcoin on a tshirt back in the day, and there is probably worse stories than that ie:Pizza ...... lol    

i do think that others should be able to tho if they chose

Putting your name in history is not really stupidity to begin with.

[bitbunnny]

For something like this to happen Bitcoin should be fully regulated how else could governements allow paying taxes in Bitcoin. So,Bitcoin should be a part of economy and tax system and fuly integrated in finances. At this point I Don't see how this could happen in the near future or ever.

[eternalgloom]

Not sure why so many people are against having this option?
If the government allows taxes being paid with Bitcoin, that doesn't mean that they gain any control over Bitcoin in any way.

So I'd say yes and on top of that, I think one Swiss city is already accepting Bitcoin to pay for government services.
Source: http://www.coindesk.com/swiss-city-bitcoin-payments-government-services/

[Gimpeline]

Not sure why so many people are against having this option?
If the government allows taxes being paid with Bitcoin, that doesn't mean that they gain any control over Bitcoin in any way.

So I'd say yes and on top of that, I think one Swiss city is already accepting Bitcoin to pay for government services.
Source: http://www.coindesk.com/swiss-city-bitcoin-payments-government-services/

The swiss have a government of the people. Something the rest of the world don't have.

[Clement Kaliyar]

Not sure why so many people are against having this option?
If the government allows taxes being paid with Bitcoin, that doesn't mean that they gain any control over Bitcoin in any way.

So I'd say yes and on top of that, I think one Swiss city is already accepting Bitcoin to pay for government services.
Source: http://www.coindesk.com/swiss-city-bitcoin-payments-government-services/

Switzerland is taking rapid steps than the rest of the world as they recently announced that it would begin offering bitcoin through Swiss rail operators ticket kiosks which is a major step and i wont be surprised with this decision .Personally i would not want to pay my takes in bitcoin since the volatile nature of bitcoin makes me think twice on doing so.

[SHAWN-MIDWAYS]

If the government would allow it I would use bitcoins without hesitating because this would save me time and transaction fees and not to mention all my past transactions will be on the ledger for proof of receipt for a long time.

[Wendigo]

Nah it will be too much of a hassle for them to deal with cryptos and they will need a Bitcoin payment processor to convert to fiat as they receive transactions so all in all a pretty inconvenient idea. Why don't we just use the most convenient way which is the cash we have at hand?

[richardsNY]

Nope. I prefer to keep my fiat related financial situation and Bitcoin operating on whole different levels. I have no interest in ever doing such a thing, nor do I think other people will. Other than that, it simply doesn't make any sense for the government to do so. If you for example pay your owed amount - which happens to be $1000, and after that the price plummets, the government will then swallow a loss. I am sure they are not looking forward to do so.

[gentlemand]

You can do this already in a couple of Swiss cantons can't you? It sounds like a dismal idea to me but if people want to do it then go for it. I can't imagine they'd be happy recruiting a third party to handle the conversion so it's not going to happen.

But why pay tax in something that should carry on rising. Far better to pay it with something becoming increasingly worthless.

[sportis]

If it was an option in your country, would you pay your taxes with Bitcoin?

Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?

I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC

I live in Europe too and my country belongs to eurozone but unfortunately the tax office does not provide this option to tax payers so I use mandatory fiat money for this purpose; but if this (option) was available why not? I would go to pay when the price of bitcoin was high so I could have a good profit. The way I see it bitcoin is payment system first and then an asset. Thus, I cannot understand why I do not use it as currency; especially, if the law had given the opportunity to gain from the exchange rate?

[FLoving]

For me payment with bitcoin to any thing is much convenient so if my government allow the use of bitcoin for the state purpose in my country and they allow me to pay the tax etc with bitcoin then yes I will pay all my tax with bitcoin payment as I will feel it too as convenient way of payment.

[xuan87]

If I am giving the chance to choose i would choose to pay it using fiat, the price movement of bitcoin is so fast today bitcoin maybe 1000$ the next rise to 1100$ so if I pay using bitcoin I paid extra 100$, so it is a bad idea to pay your tax using bitcoin, and after the government know you got bitcoin, the government will try to dig information about how much is your wealth in bitcoin

[countryfree]

No!

I don't want to pay tax, as I want the destruction of all countries. About 40 million people in Europe are on benefits, if there were no governments to pay them, they would all die and Europe would be a far nicer place. Only the best shall survive. Countries are corrupting natural order, so I don't want to pay tax to destroy all countries and restore natural order. BTC will help towards that goal.

[shinratensei_]

I just keep my bitcoin and try to give him fiat money, and they'll be feeling happy. because they know if their civilians are obeying the rules.

I will never spend my bitcoin for them. Because in fact i can't pay my tax using bitcoin.  

[miningdude]

Bitcoin rate may go up and may go down what happend if it goes high? and the taxes price changed to the currently rate of the bitcoin?

I voted NO. 

[alani123]

It's already feasible to do this, perhaps through the use of a proxy service or two, but perfectly feasible nevertheless. In most countries, there are several services accepting debit cards for bill payments and there are several debit cards that can be loaded with bitcoin.

[HarringtonStark]

Absolutely not as I'm definitely against taxes and the reason I use Bitcoins is to avoid tax as much as possible. I am planning to move to a tax-free country like Switzerland when I accumulated enough funds.

[cotton ball]

No!
I don't want to pay tax, as I want the destruction of all countries. About 40 million people in Europe are on benefits, if there were no governments to pay them, they would all die and Europe would be a far nicer place. Only the best shall survive. Countries are corrupting natural order, so I don't want to pay tax to destroy all countries and restore natural order. BTC will help towards that goal.

Bitcoin rate may go up and may go down what happend if it goes high? and the taxes price changed to the currently rate of the bitcoin?
I voted NO. 

If government gives tax payment option through bitcoin, Why do we resist?

Tax would be beneficial for us if it was set in state laws. Which makes bitcoin up and down is a market, not a tax. We always hope that bitcoin is regulated, but refused taxed, it is not justified. Bitcoin will forever be an underground movement if all users reject government tax (live like Robin Hood).

[FiiNALiZE]

If it was an option in your country, would you pay your taxes with Bitcoin?

Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?

I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC

instacalm, the Government can't tax something that isn't theirs. They just say that they will tax the citizens Bitcoin's and then the suckers will send the Government money.

How will the Government know if you hold BTC? They don't. The project is open sourced, in-fact the Government will literally be theif's and when the court gets involved they will get thrown into the light and they will most likely fall.

Now I do understand that they tax things because the citizens are using USD or w/e but the money technically isn't real until the cash is in your hand...it is just a electronic bits that a Banker views on a screen. If Bankers could ignore a glitch in their computer than why would they count the numbers on their screens official?

We could go further into it and discuss the real legal issues on what the Governement is trying to do, I just don't feel like it.

I am just saying that if the Government invented Bitcoin then they could tax the heck out of it for all I care.

[iqlimasyadiqa]

this should be done. because with this government regulation could take away their rights. and everyone can pay their obligations to the state.
Tax is an important thing for the sustainability of a country, because without the tax of a country can be destroyed by itself.

[LeGaulois]

It would be ironic if  governments allow people to pay their taxes in Bitcoin. After a variety of warnings, with the bell ringing at a high level, telling to people bitcoin is for criminal ativities, thieves, scammers and terrorists. But wait... since according to them bitcoin is for criminal activities, it is totally relevant to accept bitcoin for them

[morgand]

i dont think so, government will know our information if we transfer bitcoin to pay tax. They will know about our secret funds in bitcoin. Then, they will make tax for bitcoin user later. So, i think dont let government know we have bitcoin. Its bad idea.

[iram3130]

No. I don't want to pay my taxes in Bitcoins.
My bitcoins have more value than my fiat and Bitcoin rate is growing faster than the value of fiat. So obviously I wanna save all my Bitcoins. Spending fiat currency for these things are advantageous than spending Bitcoins.

[Creepings]

Taxes are being deducted to our salaries and stuffs that we buy or being payed. And if we use bitcoin to pay are taxes it is really an awkward situation. I cant accept my wallet are being deducted by taxes without me knowing and even if I know that, i will not accept it. I like bitcoin because even you are paid through campaigns you are not being charged with any taxes.

[Xester]

If it was an option to pay taxes in form of bitcoin then I am very willing to do it as long as it is allowed by the Bureau of Internal Revenue (BIR). With bitcoin at hand I dont need to leave my house and travel 40 kilometers away just to pay my income tax. With bitcoins just by sitting and clicking on my android phone I can actually pay my income tax.

[btcdiggingmaster]

i dont think so, government will know our information if we transfer bitcoin to pay tax. They will know about our secret funds in bitcoin. Then, they will make tax for bitcoin user later. So, i think dont let government know we have bitcoin. Its bad idea.

If once government start accepting bitcoin they will come up with a good solution about paying taxes with bitcoin. We have to pay taxes to government. Other wise Income tax people will research about your banks account and they will seize all your account, if you don't pay taxes on time.

[Patatas]

No. I don't want to pay my taxes in Bitcoins.
My bitcoins have more value than my fiat and Bitcoin rate is growing faster than the value of fiat. So obviously I wanna save all my Bitcoins. Spending fiat currency for these things are advantageous than spending Bitcoins.

Well,if we ever come to a point where we would be able to pay our taxes in bitcoins,don't think the government would be too easy with the rules.The prices won't fluctuate,exchanges will have to pay taxes and everything else involving bitcoins will be taxed.Not only it's bad for the bitcoin economy but people would lose interest in cryptos.
Solution :A new crypto!

[q835197677]

In theory, bitcoin was born in a pure Internet, there is no need to pay tax, but the exchange is required to pay taxes, they will put the tax imposed by traders to participate in the body, then I guess China exchange this development, I am from china.

[Mometaskers]

IMHO any options to pay digitally is good change. In my country the tax system is so complicated that it's hard for people to just pay. If you are in need of money, you don't make it hard for people to give money. It gets to the point that people just don't care to pay anymore. If it's easy to pay tax, people might be more likely that they'll pay.

[chaser15]

If it was an option in your country, would you pay your taxes with Bitcoin?

Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?

I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC

We are experiencing that now although much cheaper than usual. Bitcoin exchanges have different fees and that's what Im consider a taxable thing. Also goverment will surely not like the idea of using bitcoin being paid to taxes. Taxes from people are on the spot will be held and used to fund government projects.

At most of the transactions that government do, they are paying in fiat to fiat payment.

[South Park]

Not sure why so many people are against having this option?
If the government allows taxes being paid with Bitcoin, that doesn't mean that they gain any control over Bitcoin in any way.

So I'd say yes and on top of that, I think one Swiss city is already accepting Bitcoin to pay for government services.
Source: http://www.coindesk.com/swiss-city-bitcoin-payments-government-services/

Many are against the idea for many reasons, for example why pay with bitcoin that allows me to earn some money once in a while through appreciation of its price when I can pay with fiat that is always depreciating in value.

[ilovefeetsmell]

It is not necessary to pay taxes via bitcoin. Our bitcoin is convertible into fiat. Few countries have outlawed Bitcoin. Because bitcoins are being treated as assets, if you use bitcoins for simple transactions such as buying groceries at a supermarket you will incur a capital gains tax.

[szpalata]

If it was an option in your country, would you pay your taxes with Bitcoin?

Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?

I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC

For the sake of joining queues at the bank and going through a whole lot of bureaucratic procedures then sitting behind my computer and paying with Bitcoin will be easy and I will gladly opt for that option if it was possible in my country.

[Superways]

If the governments will allow the use of bitcoin for their state as legal and will implement its use in their institutes and in their banks then they will also allow the use of bitcoin in their state to pay the tax as it will be then like a normal currency.

[Carmen_Sandiego]

I think that if governments decided to adopt this measure, people would come to realize that governments recognize Bitcoin as a currency, and this could make many people stop using fiat currency. This could be something that goes against the interests of governments, since with fiat currency they have a greater control over the economy and over taxes. With Bitcoin, people would have the choice to pay taxes or not, and many individuals would choose not to pay it.

[digaran]

Welp in my country we don't pay taxes like EU, US and other countries, but we rather first get paid $14 per month/person as subsidy and then they charge our bills 3 folds . and if they are smart enough they would've start accumulating as many coins as they can to control the market of btc in future.

[margarete11]

If it was an option in your country, would you pay your taxes with Bitcoin?

Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?

I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC

Of course I will gladly pay my taxes in bitcoins if this will make me more convinient and will help me to lessen personal presence and do more with my time more productively! I believe if it will be excuted propely many people will pay their tax on time because it will become fully automated

[babsalt1975]

Paying taxes with BTc will not be feasible at all. Taking into consideration the volatility that is experienced currently, we will be on the lsoing end if we were asked to pay taxes in form btc. This requires a currency which is stable and not prone to volatility the way btc is.

[PacePay]

No the governments do not want to accept bitcoin for paying the tax because bitcoin is not accepted by the governments and do not regulate it for any of their state affair. You need to continue to pay the tax in your fiat and need to wait for the time when bitcoin will be accepted by the governments.

[LFC_Bitcoin]

I wouldn't pay my taxes in bitcoin because bitcoin is more valuable to me than fiat but governments should incorporate bitcoin into their tax payment systems sure, they want money don't they? Bitcoin is money.

[olubams]

If it was an option in your country, would you pay your taxes with Bitcoin?

Or would that Iot make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?

I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC

I think we don't need to get ahead of us to that level because you can't place something on nothing but if the we have the case of government coming with that policy in which in I am sure people will comply, then they should also look for way to plug and guide against tax evasion and in which case i dont think there is room for that at all. Then they will have no option than to go the route of self assessment in which compliance is always low in every part of the world...

[loreykyutt05]

If it was an option in your country, would you pay your taxes with Bitcoin?

Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?

I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC

Yes of course if that will be implemented that will be very good to a country because most of the people here are so busy so they cant go directly to the office to pay their own taxes if bitcoin will be implemented it will save time and will be convinient to many taxpayers worldwide!

[vennali]

I dont think it will happen anytime soon. Each country has its own currency and doesnt allow its citizen to pay tax in any other currency. The same way I dont think thay will allow to pay the taxes in Bitcoins. It might happen in the future when bitcoin is widely accepted and mainstream. One could then suggest their government to accept BTC. As of now, I dont think it will happen anytime soon.

[realm]

If you income comes from fiat money I see no point in paying with btc. On the other hand if you are earning bitcon it would be nice to use it in your daily life, such as paying taxes, and so would I. On the goverment's side, they would probably start toaccept it only once it get's less volatile and of course you can prove it's source. If I were a governor I would be eager to introduce it to my monetary system, more money means more taxes for me.

[SpiritOfLife]

bitoin mus be legal payment processor or legal currency before this is happening.
i think its something imposible to make goverment accept bitcoin.

[Vaskiy]

Governments won't initiate steps to provide bitcoin as a payment for the taxes. Legal acceptance is a big factor that is more important when it gets used in a public service. Its better that someone could use it as a service paying government in the form of fiat getting payment in bitcoin.

[positivezero]

If it was an option in your country, would you pay your taxes with Bitcoin?

Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?

I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC

Governments won't allow like this, if they do this then it would really mean that they accept already bitcoin in their government. Also i think government would never establish or launch this kind of rule. Since government won't accept bitcoin for taxes, maybe i will keep my bitcoins, and just use it buying things through online or you may replace your bitcoin to  fiat to pay your taxes

[Dudeperfect]

I have already paid it in bitcoin. Don't get surprised but there is a tax called 'service tax' in my country which is levied on the consumers using taxable services.

When I buy or sell bitcoins using such service (For example Unocoin), they charge me 15% amount on the transaction fees on behalf of the government for the service of the exchange. So technically I have already paid my taxes in bitcoin.

* Reference : Unocoin Fee Structure.

[phr0stbyt3]

What would you pay your taxes with a valuable currency like bitcoins. The reason for this is because most of us have purchased bitcoin so that when the price increases we get a profit. Bitcoin is a not a currency for heaven's sake. And also if there wasn't any bitcoin would you pay you tax using gold ?? No right..

[pooya87]

If it was an option in your country, would you pay your taxes with Bitcoin?

Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?

I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC

at this point your question is like saying would you pay your taxes with gold!
bitcoin is more like an investment because of how its price is changing up all the time. and people when seeing this become reluctant to spend their valuable investment.
we need stability first, then regulation and then we think about payment.

[Kakmakr]

I already pay tax on the coins I convert to fiat via my exchange, because it is linked to my bank account. So they issue a tax certificate and they are linked to the IRS. You pay capital gains and also VAT on all your purchases, so I cannot see what else you have to pay on top of that?

The regulated exchanges have to adhere to KYC and AML regulations, so everything is accessible to the IRS.

[Doms]

Most governments don't even have clear policies and regulations regarding bitcoin and crypto currencies in general, how can we expect them to accept it as tax payment. And with the price of bitcoin fluctuating from time to time, the government would really have a hard time dealing with it. They have their own targets that they must hit and they can't depend on bitcoin in that regard.

[Lorilikes]

No!
I don't want to pay tax, as I want the destruction of all countries. About 40 million people in Europe are on benefits, if there were no governments to pay them, they would all die and Europe would be a far nicer place. Only the best shall survive. Countries are corrupting natural order, so I don't want to pay tax to destroy all countries and restore natural order. BTC will help towards that goal.

Bitcoin rate may go up and may go down what happend if it goes high? and the taxes price changed to the currently rate of the bitcoin?
I voted NO. 

If government gives tax payment option through bitcoin, Why do we resist?

Tax would be beneficial for us if it was set in state laws. Which makes bitcoin up and down is a market, not a tax. We always hope that bitcoin is regulated, but refused taxed, it is not justified. Bitcoin will forever be an underground movement if all users reject government tax (live like Robin Hood).

I was going to go with my first reaction which was " CHILL out, maniac."  But the Robin Hood reply was much more eloquent in delivery.  That's all .

[wahb]

Most governments don't even have clear policies and regulations regarding bitcoin and crypto currencies in general, how can we expect them to accept it as tax payment. And with the price of bitcoin fluctuating from time to time, the government would really have a hard time dealing with it. They have their own targets that they must hit and they can't depend on bitcoin in that regard.

in fact when the government are not ready to accept bitcoin as legal currency then how can they allow and can accept tax in bitcoin. i think thirst they need to consider bitcoin as legal currency and after that they can allow people that either they want to pay their tax in bitcoin or in fiat. but currently i do not think that government will be ready to accept bitcoin as legal currency but after some time they must be thinking about that.

[Text]

I think governments will not regulate allowing people to pay their taxes in bitcoin for now because they are not so fully aware on this,  they are too busy on different situations. But if it will an option here in our country I would likely to pay my taxes with BTC.

[rinhunter]

NO.
in my country bitcoin is not legal, the government does not recognize bitcoin as legal payment.
but if will happen in my country i'm still pay taxes with Fiat Currency. Bitcoin just for the alternative online payment for me.

[Amph]

I already pay tax on the coins I convert to fiat via my exchange, because it is linked to my bank account. So they issue a tax certificate and they are linked to the IRS. You pay capital gains and also VAT on all your purchases, so I cannot see what else you have to pay on top of that?

The regulated exchanges have to adhere to KYC and AML regulations, so everything is accessible to the IRS.

OP is not talking about paying simple tax, he is talking about paying tax with bitcoin, unless you use external third party service you can't currently do it directly in any country

i theory if they are really serious about regulating bitcoin, they should allow us to pay tax with bitcoin itself, especially if they are going to tax bitcoin...

[n691309]

If it was an option in your country, would you pay your taxes with Bitcoin?

Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?

I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC

I think you can pay your taxes with bitcoin through a bitcoin debit card only if you pay already through your local credit card. But If I was asked I wouldn't spend the bitcoins to pay taxes because the value of bitcoin changes and we hope that it will be increased, I would continue paying in fiat instead of bitcoin.

[nara1892]

probably it will be easier to pay taxes with bitcoin, let's say we don't need to go to the office, but we can send it from house. however, bitcoin has better function than just as a payment method. and I think we all know it, that bitcoin is a very good investment.

[deisik]

If it was an option in your country, would you pay your taxes with Bitcoin?

Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?

I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC

I guess this largely depends on what you are using Bitcoin for

If you are primarily using it as a means of payment (e.g. for buying goods and paying for services), then there shouldn't be any issue if you choose to pay taxes with it (just like you pay for anything else with Bitcoin). On the other hand, if you mainly use Bitcoin as a financial asset (read for speculation) or even as a store of value, then paying taxes with it doesn't make much sense since that would basically mean wasting valuable resources. Personally, I wouldn't pay taxes with Bitcoin, in fact, I would rather prefer to keep my taxes low

[erickkyut]

Government should not mandate every bitcoin users to pay taxes because one of the reasons why it was created is to be use with convenience. If government will tax us, they need to regulate first a law about it and the different countries involve in bitcoin needs to agree. Many people will protest about this idea!

[South Park]

It is not necessary to pay taxes via bitcoin. Our bitcoin is convertible into fiat. Few countries have outlawed Bitcoin. Because bitcoins are being treated as assets, if you use bitcoins for simple transactions such as buying groceries at a supermarket you will incur a capital gains tax.

It is better to just use our coins directly when we can than to try to convert it to fiat first since if you convert it to fiat and you profit from it, you will have to probably pay taxes on the profit and you will pay fees in the conversion, it is better to spend bitcoin directly that way you don't pay fees and you don't have to pay taxes since you still own the same amount of bitcoin.

[Maskedman]

Yes, they should able people to do it. This would legitimate a bit more Bitcoin and that would prevent us to be taxed when declaring it as a profit and then use it to pay our taxes.

[Daniel91]

Such idea is not realistic for now.
First, bitcoin is not recognized yet as real currency or financial assets in the most countries in the world.
So, for example, I can't even report earning in bitcoin to the tax office.
Only when I exchange my bitcoin funds to my local currency, I can report it to my local tax office.
In my country, during tourist season, for example, merchants can accept also foreign currencies but still, on the end of day, they have to exchange such funds to local currency.
So, even in such case, there is no way to report tax in foreign currencies.
In bitcoin? I don't see how is possible.

[South Park]

Government should not mandate every bitcoin users to pay taxes because one of the reasons why it was created is to be use with convenience. If government will tax us, they need to regulate first a law about it and the different countries involve in bitcoin needs to agree. Many people will protest about this idea!

Governments can do whatever they fell like and pass any law they want, the problem is how to enforce the law, and that is where bitcoin seems to be very strong , the governments don't seem to have the power to pass whatever they want into the code and even if they did we could always change to another crypto.

[cryptothinker]

I think that any measure that makes the government have less control over people's decisions is a good thing, but governments will probably not do so because it goes against the interests of those in power.

[asdalani]

The Government shouldn't be allowed to tax any Digital Currency that isn't hosted on the Military Server's. Bitcoin could be on a mesh-net or even something beyond that and the still exist while transactions are being sent to anyone in any type of server so in reality if we go a little bit further the Government hasn't have a warrant to tax anything Foreign.

The one world Government is the only solution to them taxing Bitcoin if they do it legally. The Government are the real crooks playing the game.

[machinek20]

No I will never pay my tax using bitcoin, i dont want to let the government know that i own bitcoin, and i prefer to keep bitcoin as investment because the price is keep on rising while fiat value is keep on decreasing, so it  makes more sense to pay using fiat

[asdalani]

No I will never pay my tax using bitcoin, i dont want to let the government know that i own bitcoin, and i prefer to keep bitcoin as investment because the price is keep on rising while fiat value is keep on decreasing, so it  makes more sense to pay using fiat

Yep, there is many methods of cashing out Bitcoins without the Government knowing. Once you have that figured then you should be allowed to use Bitcoin without the Governments buttery hands all up on your cash.

[Vincent J. Meyer]

If it was an option in your country, would you pay your taxes with Bitcoin?

Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?

I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC

I never pay taxes in Btc

[fortress]

I think governments prefer to avoid anything capable of bringing publicity to Bitcoin. So I think governments would not take this step.

[Yakamoto]

I think that governments might want to consider the option, however only if they were to keep it in the state it is now, and not forcefully change anything so that it fit their own definition of a currency to pay taxes with.

To be honest, it's a pretty bad idea in my opinion, however it's an interesting thought experiment and hopefully nothing else.

[LittleBitFunny]

No, because:

1. It would be inconvenient for the Government to regulate this.

2. For now, Bitcoin prices are too volatile and I would be worried about it because unless you have some serious financial stability you might be screwed by a low Bitcoin price.  Also, since you can't really pay taxes whenever you want, it would be better to convert to fiat currency when there's a good price in order to pay your taxes.

3. Recognising Bitcoin properly as a currency would be required to do this which may result in taxes and regulations on Bitcoin itself which discrete Bitcoiners would really not want.

[BillyBobZorton]

If it was an option in your country, would you pay your taxes with Bitcoin?

Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?

I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC

I see no problems with it. If they allow it, a lot of people will pay in BTC just to not have to convert back to any fiat currencies, but then again, most people holding BTC want to avoid taxes... but if they want to buy a car or a house, they will need to get it taxed anyway in any country on the planet as far as I know, so I say why not accept btc for taxes then.

[hollandvan]

No, why we pay tax? In my country, profit in stock is not taxable, you know they charge the tax in trading fee, and corporation tax. No need to pay tax again.

[warwar]

I really will pay taxes with my bitcoins.Why?Because in bitcoins i can easily earn bitcoin online in many ways now and im getting all my expenses online paid using my bitcoins.But i think this will be a least problem if government ordered peoples to pay bitcoins for taxes because not all of people are using bitcoins and not all of them is interested in using bitcoins

[Slark]

You can do this already in a couple of Swiss cantons can't you? It sounds like a dismal idea to me but if people want to do it then go for it. I can't imagine they'd be happy recruiting a third party to handle the conversion so it's not going to happen.

But why pay tax in something that should carry on rising. Far better to pay it with something becoming increasingly worthless.

About that Swiss situation - you can use bitcoin as payment method for some public services offered by the city of Zug.
But you are still unable to pay taxes with BTC, but it maybe will be possible in the future.

Still, as you said, paying taxes in BTC would be pretty bad idea, knowing BTC value will be higher as the time progresses.

[zidanw]

as it is known that some countries do not accept bitcoin as legal payment, and even if the state approves maybe I would not pay tax using bitcoin because fiat is safer for me because many do not understand how to bitcoin work. this my little opinion

[South Park]

The Government shouldn't be allowed to tax any Digital Currency that isn't hosted on the Military Server's. Bitcoin could be on a mesh-net or even something beyond that and the still exist while transactions are being sent to anyone in any type of server so in reality if we go a little bit further the Government hasn't have a warrant to tax anything Foreign.

The one world Government is the only solution to them taxing Bitcoin if they do it legally. The Government are the real crooks playing the game.

A local government cannot tax bitcoin due to its global nature but they can try to tax you the user since you are under their jurisdiction so even if you earned the bitcoin on the internet, you did it while you were in their country so you are probably subject to be taxed one way or another.

[shinratensei_]

I think governments prefer to avoid anything capable of bringing publicity to Bitcoin. So I think governments would not take this step.

I don't think so, at least if the bitcoin already spread around the country and bitcoin is never avoiding to publish the bitcoin in the community. And I don't ever see US try to avoid bitcoin in the publicity. 

[phr0stbyt3]

I think governments prefer to avoid anything capable of bringing publicity to Bitcoin. So I think governments would not take this step.

In one way you are right as for now we clearly know that china and few other countries don't want bitcoin to get more famous and doesn't want people to use it as they can't control the price. But there are some countries who are investing in mining technologies which isn't bad. Even if in future some country decides to allow people to pay tax using bitcoin I don't think most of the people will actually use it to pay tax.

[KuromaYoichi]

Even if they really allow people to pay tax using btc, i still wouldn't want to spend my btc like that. Will remain using fiat to pay tax rather than have them start snopping around my btc activity.

No, why we pay tax? In my country, profit in stock is not taxable, you know they charge the tax in trading fee, and corporation tax. No need to pay tax again.

OP means paying other tax like income tax using btc, not tax bitcoin. My country has the same regulation about profit in stock  .

[zend7]

No. It should never allow people to pay their taxes in Bitcoin and I am not saying this because I care about governments but because by doing so we lose our privacy when using Bitcoin. Bitcoin is extremely valuable to be spent like that for paying taxes.

[audaciousbeing]

I went with yes because with government allowing taxes to be paid in bitcoin, will automatically means they have decided to accept bitcoin as a currency which will mean that we will get to increase the popularity of bitcoin in which we all wanted and all stores will start accepting the currency as a medium of exchange which will go a large extent in cutting the bureacratic process I get to go through in converting to Fiat.

[Simonsolo]

I would say yeah but thats pretty difficult since if government allows such payments that means they are approving bitcoins in their b=country leading to a heavy tax loss for them ultimately.

[Pattart]

I think governments prefer to avoid anything capable of bringing publicity to Bitcoin. So I think governments would not take this step.

I think so too, the government has not found a way how to give a tax on bitcoin users, so the government will cover the news of bitcoin and will continue to prohibit bitcoin

[Wintersoldier]

I think governments prefer to avoid anything capable of bringing publicity to Bitcoin. So I think governments would not take this step.

I think so too, the government has not found a way how to give a tax on bitcoin users, so the government will cover the news of bitcoin and will continue to prohibit bitcoin

They can require tax on bitcoin for converting fiat money to btc vice versa but not for every bitcoin transaction you make. Although we don't pay for government for bitcoin transaction, we still pay for the miners for every transaction. Hence, it's not good if government would would an a tax for it.

[hajimasan]

no i dont agree with this idea  because bitcoin's price keep going up and down so if we pay taxes with bitcoin then government would suffer losses and that will definitely affect our country's economy and development after all we are the citizen of the nation and we should cheat them.

[requester]

bitcoin is not officially a money so we cant expect to pay our taxes with bitcoin rather its a digital value exchange medium and we could only exchange value of the item and we cant get to pay our taxes with bitcoin. and its price fluctuating so we cant pay with bitcoin government would suffer loss while price drop.

[blackhawkeye1912]

If it was an option in your country, would you pay your taxes with Bitcoin?

Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?

I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC

That is not good actually if you pay taxes, here in my country every time there is a transaction that I wanna make, I only pay for the fee then that its. But in your place I think the government in your place they to implement the segwit so that if that happen everything will centralize so they can control anything in bitcoin, but for now its only a speculation and impossible to be happen. Cross fingers

[ilovefeetsmell]

If it was an option in your country, would you pay your taxes with Bitcoin?

Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?

I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC

NO, I shouldn't. Bitcoin is decentralized and you earned bitcoin without paying any taxes. The benefits from using bitcoin include fast and efficient payment worldwide, low fees for transactions, and low risks of fraud.There is some risks operation using our bitcoin. Firstly, due to the new economy and essence of bitcoin, the price of bitcoins unpredictably fluctuates. Bitcoin is no exception, but it will just make things more complicated. Possibly Government will get interested in you and they will ask you for additional taxes for your bitcoin that you use or that you earned.

[Oilacris]

I dont think so that people would pay their taxes on bitcoin since most of users of it do really save up bitcoin and they dont like to use it at all because we do know the value of it does really increase overtime and i dont think that government would allow this thing because for sure they will collect fixed rates which they could able to get on local fiat.

[ethereumhunter]

i don't think that i want to pay the taxes on bitcoin, i think its enough for us to pay the government from our money to pay the taxes and i think the government is already make a big profit from people taxes and i don't think that bitcoin user is agree to do this. but we can do nothing if the government want to make regulation for bitcoin taxes and we only obey what they want.

[dunfida]

i don't think that i want to pay the taxes on bitcoin, i think its enough for us to pay the government from our money to pay the taxes and i think the government is already make a big profit from people taxes and i don't think that bitcoin user is agree to do this. but we can do nothing if the government want to make regulation for bitcoin taxes and we only obey what they want.

True,we cant do anything if our government would impose regulations regarding on paying taxes thru bitcoin but speaking of this regulation they wont really such make thing and people will surely not obey this for sure and the question is how government would trace up the citizens who uses bitcoin?

[Sadlife]

First of all the government wouldn't even do that that's basically admitting that they've given up in there fiat currency and decided to invest in a decentralized digital crypto-currency. We all know that governments wants a centralized platform.
How will they know who pays who? And if bitcoin will be used in the future as world wide currency banks will get bankrupt and the existence of debt will ceast to exist.

[Monnt]

I dont think so that people would pay their taxes on bitcoin since most of users of it do really save up bitcoin and they dont like to use it at all because we do know the value of it does really increase overtime and i dont think that government would allow this thing because for sure they will collect fixed rates which they could able to get on local fiat.

If bitcoin has to survive and makes its way to different countries of the world so, I think this is its need to demand the government of different countries to do this for their user who are using bitcoin according to their country rules and policy. The main disadvantage of the bitcoin is tax evaluation which is the main barrier for it proceed further and become the global currency for the whole world like dollar is right now.

[ASHLIUSZ]

Paying taxes with bitcoin is not a big deal, because governments won't easily accept bitcoin as payment or premium. Only after strong analytical as well reliability testing only governments approve it. If governments accept, no need to think of the anonymity because governments already knew our identity. Upon our convenience we select bitcoin or Fiat that's it.

[diegz]

Paying taxes with bitcoin is not a big deal, because governments won't easily accept bitcoin as payment or premium. Only after strong analytical as well reliability testing only governments approve it. If governments accept, no need to think of the anonymity because governments already knew our identity. Upon our convenience we select bitcoin or Fiat that's it.

I doubt if government would allow us to pay bitcoin in our taxes. They need something that is easily being handled by those in the tax division. Just think of it, what if the wallet where your payment was stored was hacked, it would be another burden for the government to trace it and if traced it will be hard for them to use it, except if majority of the people is using it and their economy is alive because of it.

[szpalata]

If it was an option in your country, would you pay your taxes with Bitcoin?

Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?

I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC

For convenience sake I would have preferred to pay my taxes with Bitcoin if my government accepted that as a medium of tax collection. It also come with less fees compared to other fiat payment systems.

[DoublerHunter]

Of course yes, Governments should allow people in their country to pay their taxes in Bitcoin (BTC) because it is more practical than the tradition because we know that bitcoin is only in the internet so it can save time in paying taxes because it can be done anywhere because we just need an internet and device to use our bitcoin and pay our taxes.

[Xester]

If it was an option in your country, would you pay your taxes with Bitcoin?

Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?

I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC

That is not good actually if you pay taxes, here in my country every time there is a transaction that I wanna make, I only pay for the fee then that its. But in your place I think the government in your place they to implement the segwit so that if that happen everything will centralize so they can control anything in bitcoin, but for now its only a speculation and impossible to be happen. Cross fingers

What is the relationship of the government and segwit, it has no relationship at all. Even if the government will allow bitcoin to be used in paying taxes and other government services like Switzerland does it does not mean that the government will push through Segwit.  If we talk about the government placing taxes in bitcoin it is already happening today already, the exchangers that we use to trade money to bitcoin and vice versa is paying taxes to the government and that is included in the fees that we give to the site.

[deisik]

If it was an option in your country, would you pay your taxes with Bitcoin?

Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?

I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC

That is not good actually if you pay taxes, here in my country every time there is a transaction that I wanna make, I only pay for the fee then that its. But in your place I think the government in your place they to implement the segwit so that if that happen everything will centralize so they can control anything in bitcoin, but for now its only a speculation and impossible to be happen. Cross fingers

What is the relationship of the government and segwit, it has no relationship at all. Even if the government will allow bitcoin to be used in paying taxes and other government services like Switzerland does it does not mean that the government will push through Segwit.  If we talk about the government placing taxes in bitcoin it is already happening today already, the exchangers that we use to trade money to bitcoin and vice versa is paying taxes to the government and that is included in the fees that we give to the site

It is even more than that

In countries where Bitcoin operations (like selling or buying bitcoins) are not outright prohibited or where the government doesn't just turn a blind eye to Bitcoin's very existence, you are obliged to pay taxes by default. I mean whenever you earn profits from such operations (in a certain period of time, say, within a year), you have to declare your income and pay the income tax. It doesn't even matter if they are going or really able to catch you when you choose to go for tax evasion, your liability to pay is still set by the law

[coinplus]

Paying taxes with bitcoin is not a big deal, because governments won't easily accept bitcoin as payment or premium. Only after strong analytical as well reliability testing only governments approve it. If governments accept, no need to think of the anonymity because governments already knew our identity. Upon our convenience we select bitcoin or Fiat that's it.

Not only that, but you forgot the fact that bitcoin is not controlled by the government that means that the price won’t change how they want it to be and the price is pretty unstable, so making people paying taxes with bitcoin which is the government’s way of making money is ting the whole economy of the country by a thin thread to the bitcoin’s future.

Taxes and bitcoins are completely two different systems. Still, providing people to give more options to pay taxes including bitcoin payment system would be a great idea imho.

[Jemzx00]

If it was an option in your country, would you pay your taxes with Bitcoin?

Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?

I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC

For me, this doesn't make sense at all, in a way that you are paying your tax with a cryptocoin. If you can cash your bitcoin, then why not cash it out and pay your tax. Its like your paying your tax with something that is just the same worth. Why complicate things? Just let them be.

[bravehearth0319]

If it was an option in your country, would you pay your taxes with Bitcoin?

Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?

I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC

I never encounter that so far since I started using bitcoin. Just all I wanna do is I just convert my bitcoin then every transaction that  I made there is charge fee but no taxes charge.

[Ravion]

Of course yes, Governments should allow people in their country to pay their taxes in Bitcoin (BTC) because it is more practical than the tradition because we know that bitcoin is only in the internet so it can save time in paying taxes because it can be done anywhere because we just need an internet and device to use our bitcoin and pay our taxes.

If a large portion of the population were using Bitcoin exclusively then they would start looking for ways of collecting taxes that way. But why would people want to pay taxes with Bitcoin? Paying taxes with Bitcoin means that the government would know everything about the account holders. The main reason why people started to use Bitcoin in the first place, is to avoid paying taxes and to keep the government out of financial transactions.

[deisik]

If it was an option in your country, would you pay your taxes with Bitcoin?

Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?

I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC

For me, this doesn't make sense at all, in a way that you are paying your tax with a cryptocoin. If you can cash your bitcoin, then why not cash it out and pay your tax. Its like your paying your tax with something that is just the same worth. Why complicate things? Just let them be.

That may make some sense after all

For example, when you receive the bulk of your income in bitcoins (e.g. run a Bitcoin casino). In that case, you would have to exchange your bitcoins to fiat first, and that would be complicating things quite in line with what you yourself just said. Further, converting bitcoins would inevitably cause you to pay some percentage to an exchange for the exchange itself as well as withdrawal of the proceeds (apart from risking your coins due to possible hacks and scams). As you can see, there are use cases when paying taxes directly with Bitcoin could be perfectly justifiable and convenient

[Bee Leb07]

I think Governments should allow people to pay their taxes in Bitcoin BTC. Now a days Bitcoin has become very popular and a interesting matter for all the people all over the world. So, i think Government should allow to pay their taxes in Bitcoin. For this reason, it will be so comfortable as well as helpful for the people. And slowly Bitcoin can be a legal forum if the governments of all the countries will accept their taxes in Bitcoin BTC.

So, from my view, it is yes.

[Kollor]

I think Governments should allow people to pay their taxes in Bitcoin BTC. Now a days Bitcoin has become very popular and a interesting matter for all the people all over the world. So, i think Government should allow to pay their taxes in Bitcoin. For this reason, it will be so comfortable as well as helpful for the people. And slowly Bitcoin can be a legal forum if the governments of all the countries will accept their taxes in Bitcoin BTC.

So, from my view, it is yes.

That would be hard, and implementing such rule would just make a confusion among people that has both fiat and bitcoin. We have to consider too that we want bitcoin as freedom, so for government to hold bitcoin, that is already a violation, and what if they use it to manipulate the price of bitcoin? In simply holding most of what they got then dumping it when the price doubled, voila!! instant money.

[dinofelis]

If it was an option in your country, would you pay your taxes with Bitcoin?

Let's do a small calculation.  Take a medium-sized country in Europe, say, France.  About 60 million inhabitants.  If these 60 million people paid their taxes with bitcoin, then that would mean: 60 million transactions.  At a rate of 3 transactions per second, that would mean, 20 million seconds.  231 days of full blocks.  By the time your taxes are paid, using the FULL BLOCK CHAIN, you can almost start over again.

France only.

Go figure if the US citizens and the Russians started paying their taxes in bitcoin too.

[LeGaulois]

Why not ? As they ask us to report the profits we make with buying and selling cryptos and so pay taxs on this, they should accept the people to pay with bitcoin. But one problem is, accepting the taxs to be paid with bitcoin, or others, would mean they accept that bitcoin is a currency

[deisik]

If it was an option in your country, would you pay your taxes with Bitcoin?

Let's do a small calculation.  Take a medium-sized country in Europe, say, France.  About 60 million inhabitants.  If these 60 million people paid their taxes with bitcoin, then that would mean: 60 million transactions.  At a rate of 3 transactions per second, that would mean, 20 million seconds.  231 days of full blocks.  By the time your taxes are paid, using the FULL BLOCK CHAIN, you can almost start over again

France is one of the biggest countries in Europe

In fact, by the size of its population it is ranked the second most populous country in Europe, after Germany (if we exclude Russia from consideration, though its European part would likely still beat any single country in Europe). Further, not all 60 million people will be paying taxes, you should obviously exclude the elderly and infants. Other than that, Bitcoin scalability issues are well known just like the ways to solve them, so it is not so much scalability issues themselves as miners hindering further Bitcoin improvement in this direction. For example, Lightning Network would make such issues virtually non-existent (as well as solve a whole bunch of other problems, e.g. lack of a decentralized exchange)

[AliceWonderMiscreations]

If it was an option in your country, would you pay your taxes with Bitcoin?

Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?

I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC

I would not pay my taxes in any currency that was not the official currency of the government entity I owed taxes to.

Sales tax, well there I would pay in bitcoin if I was buying in bitcoin.

But I mean tax on my income that I am required to pay at the federal, state, and local level. That I will always pay in the currency officially used by that government entity for business.

[roadbits]

I would pay the taxes, but as long as it's within acceptable range and only charge taxes likes what they usually do with fiat such as charging taxes when we got salary, spend on shop or buy expensive goods.
But, i'm sure government would find a way to keep taxing bitcoiner (in case bitcoin is legal in that country and accepted by many shops) by ask the shops/services to include tax in final/total payment when user pay in bitcoin

If the Bitcoin is legal means the government may do like this, But how the government will collect exact tax amount. Suppose if one shop accepts bitcoin and as per govt condition they will collect tax from customer. The shop owner will pay tax to govt at year end. This is the process. But in this process, the govt will never get exact tax from shop owners because of BTC price flactuation. Is this process will work out in the real world?

[mmo_online_1981]

I think it is important that the government does not manage BTC transactions, but if they accept it

[webtricks]

I think it would be good. If government accept Bitcoin then it will able to collect funds in Bitcoin too which again strenghten country position. As it will propagates Bitcoin use around country. When use increases, price of Bitcoin increases. Thus, reserve of country increases making it richer. It would be good from country point of view but at personal level it will bring negative results!

[Sled]

Accepting bitcoin and making it as a payment option especially in paying taxes is a kind of test that they can launched so they will see if bitcoin will good for their country or not. If governments makes bitcoin as an option when doing payments then that is a  sign that bitcoin is accepted by the government and that kind of payment system for your taxes will be the answer if they will pursue fully accepting bitcoin or nah.

[cryp24x]

I do think that it won't matter if the government let people pay taxes in Bitcoin just as long as they do not regulate Bitcoin and implementing tax on every transaction.  Government accepting Bitcoin as payment will make Bitcoin stronger in the eyes of the investor because it simply means they acknowledge it as a currency.

[coolcoinz]

They should, but they won't. Countries accept tax payments only in their own currency, unless there's something that I'm missing.
If large EU countries, those which haven't accepted Euro yet, don't allow their citizens to pay taxes in Euro, they won't do an exception for Bitcoin. Think how many people would are using Euro every day and would like to use it to pay their taxes instead of their local currency and how many would like to do it in Bitcoin. There's simply not enough pressure from the people.

[bettercrypto]

They should, but they won't. Countries accept tax payments only in their own currency, unless there's something that I'm missing.
If large EU countries, those which haven't accepted Euro yet, don't allow their citizens to pay taxes in Euro, they won't do an exception for Bitcoin. Think how many people would are using Euro every day and would like to use it to pay their taxes instead of their local currency and how many would like to do it in Bitcoin. There's simply not enough pressure from the people.

The idea of government accepting Bitcoin as form of currency is great but as you said it is quite impossible since governmen accept their own currency as a default.  But if ever government acknowledge Bitcoin as an alternative, I do not  think that there will be  something that will stop them from accepting Bitcoin as form of payment for the tax, they just need to convert them to fiat currency.

[bravehearth0319]

If it was an option in your country, would you pay your taxes with Bitcoin?

Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?

I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC

We had our own belief and understanding in terms of this matter and I respect others belief here.
For me in my side I cannot volunteer myself my to give any taxes in the government. If they really want to adopt bitcoin in each country they should not control it, because we knew what bitcoin really is isn't, according to its features of decentralization, on this matter we shouldn't forget this thing.

[squatz1]

I would pay the taxes, but as long as it's within acceptable range and only charge taxes likes what they usually do with fiat such as charging taxes when we got salary, spend on shop or buy expensive goods.
But, i'm sure government would find a way to keep taxing bitcoiner (in case bitcoin is legal in that country and accepted by many shops) by ask the shops/services to include tax in final/total payment when user pay in bitcoin

Governments are going to find ways to track people if it means some sort of money is involved for them, if theres no money that they're going to be able to pry from you, you're not even worth any sort of tracking on.

If it came to the point where the government couldn't regulate Bitcoin into oblivion in order to easily gain their money in their own controlled and centralized fiat currency, and the ONLY way they'd be able to make money off of taxes was with bitcoin, they'd adapt to survive.

It's simple, they will do what they need to in order to keep their KRUPT machine rolling. Use bitcoin or not, they're not going to be supporting the cause in the least.

[soul-impact]

They should, but they won't. Countries accept tax payments only in their own currency, unless there's something that I'm missing.
If large EU countries, those which haven't accepted Euro yet, don't allow their citizens to pay taxes in Euro, they won't do an exception for Bitcoin. Think how many people would are using Euro every day and would like to use it to pay their taxes instead of their local currency and how many would like to do it in Bitcoin. There's simply not enough pressure from the people.

The idea of government accepting Bitcoin as form of currency is great but as you said it is quite impossible since governmen accept their own currency as a default.  But if ever government acknowledge Bitcoin as an alternative, I do not  think that there will be  something that will stop them from accepting Bitcoin as form of payment for the tax, they just need to convert them to fiat currency.

bitcoin can not be accepted by the government but I do think that the government will accept bitcoin as taxes. It is faster and convenient for citizens to pay and transfer taxes immediately to the authority. And it is certain that no government will accept Bitcoin as the optional currency since it will destroy the traditional currency and knock down the whole centralized system

[Ameri_coin]

IMO, Bitcoin and governments should not mix.
Bitcoin should be a anonymous decentralised currency but that has failed due to government involvement.

[paul gatt]

I think I will not make any taxes on it, we are ordinary people, we use a small bitcoin, so we do not have to pay any taxes. Although my country accepts bitcoin, and gives it a tax rate, we also do not agree, new businesses are those who are obliged to pay taxes, because they do business, they profit from It, we only use it as a means of reserve money.

[terrate]

No. Government should not allow ppl pay tax in bitcoin.

For government, it will add risk to country as tax is one of the main revenue of country.
If just a little of ppl pay via btc no issue, but if a lot...
One hacking can affect stock too...

For people, pay tax via bitcoin will disclose your information.
No good for u if country know your asset.
 

[phr0stbyt3]

I dont think so that people would pay their taxes on bitcoin since most of users of it do really save up bitcoin and they dont like to use it at all because we do know the value of it does really increase overtime and i dont think that government would allow this thing because for sure they will collect fixed rates which they could able to get on local fiat.

I kind of agree with the people's part but why wouldn't government except even though there is a really less chance of price going down so it would basically be loss for the people as government can easily say that they charged you the price  at the time of the transaction so increase isn't there fault

[Monnt]

I think it is important that the government does not manage BTC transactions, but if they accept it

I will complete what probably you wanted to say. If they control the transaction, that's impossible first of all as it is decentralized and in case somehow they take the control over bitcoins then it makes bitcoins as centralized, which then makes bitcoins as another ordinary asset or currency.

[Kimi80]

IMO, Bitcoin and governments should not mix.
Bitcoin should be a anonymous decentralised currency but that has failed due to government involvement.

We shouldn`t mix them, that is ok by me, only thing that bothers me is freedom of choice, let the people pay with what ever they have valuable. Government and bank sectors are closely linked, they protect established system cause they have huge profit each day from that. Look at their paychecks, headquarters, and life style of the bank owners and shareholders and we see why they don`t want anything to disturb them. Bitcoin can be dangerous for them, and they don`t wish to give us to use bitcoin cause of all that.

[romero121]

I think it is important that the government does not manage BTC transactions, but if they accept it

I will complete what probably you wanted to say. If they control the transaction, that's impossible first of all as it is decentralized and in case somehow they take the control over bitcoins then it makes bitcoins as centralized, which then makes bitcoins as another ordinary asset or currency.

Yeah bitcoin makes things better if a single country starts to accept bit as taxes and in few countries bitcoin is considered as an taxable asset. But as mentioned governments will try to take control on it and make it as a centralized system same as that's been done with gold investment.

[raven7886]

If it was an option in your country, would you pay your taxes with Bitcoin?

Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?

I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC

I would pay my taxes with bitcoins but I am afraid the kind of gvernment we have right now in our country they would then make a scrutiny team for asking how we earned those bitcoins and try to take unnecessary taxes out of me. I would hence rather pay with my fiat itself and if needed convert my bitcoins to fiat just in case.

[wuvdoll]

Why not ? As they ask us to report the profits we make with buying and selling cryptos and so pay taxs on this, they should accept the people to pay with bitcoin. But one problem is, accepting the taxs to be paid with bitcoin, or others, would mean they accept that bitcoin is a currency

Yes, accepting bitcoins for payments means strongly that government not only allows users to use it, rather encourage them to do so. And if bitcoins become authorized in a country then actually things would be much much better than just bills. I guess 99% of the shops would adopt bitcoins as payment option since the user avoids the unwanted fees and taxes.

[bitbunnny]

You can do this already in a couple of Swiss cantons can't you? It sounds like a dismal idea to me but if people want to do it then go for it. I can't imagine they'd be happy recruiting a third party to handle the conversion so it's not going to happen.

But why pay tax in something that should carry on rising. Far better to pay it with something becoming increasingly worthless.

I haven't heard that it's possible in Switzerland but it's good if people have that option. Personaly I don't think many countries will follow that example because that would mean that Bitcoin is fuly adopted in financial system as a currency and payment method and equal to fiat money. That also requires additional regulations and many governments are not ready for this.

[Dem-artini]

You can do this already in a couple of Swiss cantons can't you? It sounds like a dismal idea to me but if people want to do it then go for it. I can't imagine they'd be happy recruiting a third party to handle the conversion so it's not going to happen.

But why pay tax in something that should carry on rising. Far better to pay it with something becoming increasingly worthless.

I haven't heard that it's possible in Switzerland but it's good if people have that option. Personaly I don't think many countries will follow that example because that would mean that Bitcoin is fuly adopted in financial system as a currency and payment method and equal to fiat money. That also requires additional regulations and many governments are not ready for this.

Then why start these movements and promote bitcoin, if you start to agree to pay taxes. After all, bitcoin values ​​are in anonymity. Of course this is a means of earning, but no one knows about it.

[hero1111]

Governments can allow to  for people pay their taxes with Bitcoin but i think this is posible but before it , Govermants has to except bitcoin as real money or legal money and after that Govermants will has institutes for bitcoin or for to use bitcoin in countries , for example i couldnt change my bitcoins to my country money for a long time becouse my govermant didnt  allow it  because of i didnt use bitcoin long time , so firstly goverments will allow people use it .

[Przemax]

That would be an awesome idea to fix the broken to the core financial system. If you could make taxes to be paid in something one can not print of nothing it would be actualy important to keep track of where the money from taxes is spend on.

It will not happen just because of that. It would require keeping a track, and would allow to track the money on blockchain as well. The system so hopelessly corrupted that its beyond the repair. The people involved in keeping their wellfare from taxes would fight to the death to keep the system as it is. That kind of sittuation for 100% would result in war. Either that war would be just or unjust is irrelevant from the possition of the corrupted entity.

Ofcourse Im talking about the sittuation when all acceptable taxes would be required to be made in some finite resource. If there would be silmuntanious possibility of paying the taxes in cryptocoins and fiat, the price of the first would skyrocket but would not need to destroy the corrupted system as of yet.