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Author Topic: What percentage of tax do you think will be ok for bitcoin  (Read 101 times)
Prinox2
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November 23, 2017, 04:27:35 PM
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If government in all country finally decides to adopt bitcoin as a legal tender for exchange of goods and services but on the agreement that tax will be imposed.

What percentage tax will u prescribe Huh

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Mometaskers
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November 23, 2017, 07:13:27 PM
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None, LOL. If it would be treated as money at that point, the only tax I would probably agree on would be consumption tax and maybe income tax.

Since Bitcoin would be equal to fiat in your scenario, I suppose that other cryptocurrencies would be taxed the same way.

So maybe 12% for consumption, provided of course that basics are exempted. For income tax, I can settle with as high as 30%, provided that that's a flat tax, where everyone pays the same percentage of their income.

vibingpositively
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November 23, 2017, 07:34:34 PM
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If you are referring to cash out gains tax then I would say 10-15% maybe even lower for being early adopters however for transactions it should be treated as all other forms of payment and have the normal amount of tax. I

do think that taxing bitcoin as high as personal tax is too much and that should not be the case unless you claim north of 7 figures.

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November 23, 2017, 07:47:48 PM
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If all country will except to bitcoin as legal currency it can be so good and bitcoin price can be so hight  and today who has bitcoin for to keep  for future , they will be so rich and they will not think about tax :)but my idea is 0.0005 tax  can be good  for bitcoin users .

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JesusCryptos
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November 23, 2017, 11:56:24 PM
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I am very fine with 0% thank you  Grin WTF the governments are boicotting Bitcoin every second day and then the ALSO want to tax it??? Taxes should be paid for a SERVICE that the state provides, not for trying to boycott what citizens like - this is an ANTI-SERVICE which would deserve an ANTI-TAX !

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November 24, 2017, 09:44:37 AM
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I would like to say zero, but if Bitcoin becomes the leading world currency, 0.0005% will be enough.

Liquidhero
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November 24, 2017, 09:59:02 AM
 #7

Taxes will not be ok for bitcoin. In my opinion bitcoin defines itself as non state phenomenon. No state - no taxes
Prinox2
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November 24, 2017, 11:46:10 AM
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Taxes will not be ok for bitcoin. In my opinion bitcoin defines itself as non state phenomenon. No state - no taxes
If you want it to be defined as "non state phenomenon", then we shouldn't be bothering ourselves with government adopting it or not.
all that will be required from government is just not to criminalize the use of  bitcoin. and leave it the way it is....

Don't adopt, Don't also criminalize bitcoinBTC   

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