Bitcoin Forum
September 24, 2018, 04:31:21 PM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: Taxes on Crypto Currencies and Mining!  (Read 142 times)
bowals
Newbie
*
Offline Offline

Activity: 140
Merit: 0


View Profile WWW
July 12, 2018, 06:33:25 PM
 #21

Do you have any source for this? I just want a form of control/regulation on it. That can reduce fraud and the likes
1537806681
Hero Member
*
Offline Offline

Posts: 1537806681

View Profile Personal Message (Offline)

Ignore
1537806681
Reply with quote  #2

1537806681
Report to moderator
1537806681
Hero Member
*
Offline Offline

Posts: 1537806681

View Profile Personal Message (Offline)

Ignore
1537806681
Reply with quote  #2

1537806681
Report to moderator
1537806681
Hero Member
*
Offline Offline

Posts: 1537806681

View Profile Personal Message (Offline)

Ignore
1537806681
Reply with quote  #2

1537806681
Report to moderator
Make a difference with your Ether.
Donate Ether for the greater good.
SPRING.WETRUST.IO
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
JostikSSS
Jr. Member
*
Offline Offline

Activity: 77
Merit: 8


View Profile
July 12, 2018, 06:54:50 PM
 #22

I think it is unfair to introduce taxes on cryptocurrency, it is illegal, people invest their honestly earned money there and get interest from it. It's like in a Bank only risk and therefore profit can be greater. You do not pay taxes to the Bank for putting money on the Deposit
Tatzky
Jr. Member
*
Offline Offline

Activity: 165
Merit: 1


View Profile
July 12, 2018, 07:26:07 PM
 #23

Yes when we speak on tax exemptions.... Mining is nice when you have right equipments and tools and you'll earn good then you can start it..

▐|     KRYPTOBITS     ▐|   THE NEXT GENERATION EXCHANGE
●》 Pre ICO start on May 17th 2018     [     kryptobits.com     ]
shield132
Hero Member
*****
Offline Offline

Activity: 868
Merit: 523


Watch Agents Of Shield On ABC


View Profile
July 12, 2018, 07:34:29 PM
 #24

I think it is unfair to introduce taxes on cryptocurrency, it is illegal, people invest their honestly earned money there and get interest from it. It's like in a Bank only risk and therefore profit can be greater. You do not pay taxes to the Bank for putting money on the Deposit
With your logic, when we have business, we don't have to pay any tax or can say the same about wages, because it's our own business and people also deserve their wage, if not a higher.
It's very fair and OP doesn't write truth. There is tax on mining, everything depends on how you do it. For example if I mine at home, no one will come and tax me but in Georgia Bitfury has largest mining datacenter. In reality they have to pay taxes but with agreement of goverment, they have privileges, they are in Tax Free zone and they even get electricity in more cheap price than anyone in this country. Idea behind this, as they say is to make georgia in top in map of bitcoin mining and to tell others that Georgia exists and it's modern country.

.BITSLER.                 ▄███
               ▄████▀
             ▄████▀
           ▄████▀  ▄██▄
         ▄████▀    ▀████▄
       ▄████▀        ▀████▄
     ▄████▀            ▀████▄
   ▄████▀                ▀████▄
 ▄████▀ ▄████▄      ▄████▄ ▀████▄
█████   ██████      ██████   █████
 ▀████▄ ▀████▀      ▀████▀ ▄████▀
   ▀████▄                ▄████▀
     ▀████▄            ▄████▀
       ▀████▄        ▄████▀
         ▀████▄    ▄████▀
           ▀████▄▄████▀
             ▀██████▀
               ▀▀▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄            
▄▄▄▄▀▀▀▀    ▄▄█▄▄ ▀▀▄         
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄      
█  ▀▄▄  ▀█▀▀ ▄      ▀████   ▀▀▄   
█ █▄  ▀▄   ▀████       ▀▀ ▄██▄ ▀▀▄
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█  ▀▀       ▀▄▄ ▀████      ▄▄▄▀▀▀  █
█            ▄ ▀▄    ▄▄▄▀▀▀   ▄▄  █
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█ ▄▄   ███   ▀██  █           ▀▀  █ 
█ ███  ▀██       █        ▄▄      █ 
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  
▀▄            █        ▀▀      █  
▀▀▄   ███▄  █   ▄▄          █   
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀    
▀▀▄   █   ▀▀▄▄▄▀▀▀         
▄▄▄▄▄▄▄▄▄▄▄█▄▄▀▀▀▀              
              ▄▄▄██████▄▄▄
          ▄▄████████████████▄▄
        ▄██████▀▀▀▀▀▀▀▀▀▀██████▄
▄     ▄█████▀             ▀█████▄
██▄▄ █████▀                ▀█████
 ████████            ▄██      █████
  ████████▄         ███▀       ████▄
  █████████▀▀     ▄███▀        █████
   █▀▀▀          █████         █████
     ▄▄▄         ████          █████
   █████          ▀▀           ████▀
    █████                     █████
     █████▄                 ▄█████
      ▀█████▄             ▄█████▀
        ▀██████▄▄▄▄▄▄▄▄▄▄██████▀
          ▀▀████████████████▀▀
              ▀▀▀██████▀▀▀
            ▄▄▄███████▄▄▄
         ▄█▀▀▀ ▄▄▄▄▄▄▄ ▀▀▀█▄
       █▀▀ ▄█████████████▄ ▀▀█
     █▀▀ ███████████████████ ▀▀█
    █▀ ███████████████████████ ▀█
   █▀ ███████████████▀▀ ███████ ▀█
 ▄█▀ ██████████████▀      ▀█████ ▀█▄
███ ███████████▀▀            ▀▀██ ███
███ ███████▀▀                     ███
███ ▀▀▀▀                          ███
▀██▄                             ▄██▀
  ▀█▄                            ▀▀
    █▄       █▄▄▄▄▄▄▄▄▄█
     █▄      ▀█████████▀
      ▀█▄      ▀▀▀▀▀▀▀
        ▀▀█▄▄  ▄▄▄
            ▀▀█████
[]
Twentyonepaylots
Full Member
***
Offline Offline

Activity: 350
Merit: 101


“Transforming the Global Shipping Industry ”


View Profile
July 12, 2018, 07:56:25 PM
 #25

Depending, but there are also many miners who are charged with very high taxes under these market conditions, it is not a good policy for greedy governments to set a tariff on mining taxes, inevitably something that is recognized to be taxed, as well as home and so on, do not can be avoided anymore, many miners are outnumbered by this condition with exorbitant taxes and spending too much on other needs.

Taxes are inputted in the services we often used, if the taxes is just minimal for the system charges i am not be affected by paying such taxes required. Lets not be more critical on the service charges or taxes we pay, such company should pay also their employees or what we call Manpower fees.

Blockshipping  ───────────────────────────────────────────   Whitepaper   Telegram   Github
██  Transforming The Global Container Shipping Industry   ███████████████             Twitter     Facebook        
The ICO starts 14 May 2018 at 2 pm CET   ────────────────────   Reddit   Medium   ANN Thread  
Kurokyy
Full Member
***
Offline Offline

Activity: 434
Merit: 100


BITDEPOSITARY - Make ICO's , More Secure


View Profile
July 12, 2018, 07:59:18 PM
 #26

How does it work guys?  Mining is completely legal and as far as I know there are no such % of tax that is taken specifically to the crypto mining. I think it all goes the same way as you would do with trading and gambling. When you will withdraw money into your bank account which you have gotten from the mining then it will be charged the same way as your salary gets taxed. With the different slots of income you will get charged different taxes mate. That is how it works. Also it depends on your country too. In some country's it is going to be taxed around 28% whopping price tag over the crypto earnings.

Any thoughts about this?

In my own opinion, placing taxes for cryptocurrency and mining is not necessary because those investors and traders in the market are already paying transaction fee's that can consider to compensate with taxes.

usorin
Hero Member
*****
Offline Offline

Activity: 924
Merit: 500


Romanian translator


View Profile WWW
July 12, 2018, 08:01:44 PM
 #27

This is somehow wrong, why to tax someone if the mines us not sustained by the government, like smaller process to energy??

████████████ ████████████████ ████████████ ████████████ ████████████████ ████████████ ████████████ ████████████████ ████████████ ████████████ ████████████████ ████████████ ████████████ ████████████████ ████████████ ████████████ ████████████████ ████████████ ██████████████████████████████████████████████████████████ ██████████████████████████████████████████████████████████ ████████████████████████████████████████████████████████ ████████████████████████████████████████████████████████ ██████████████████████████████████████████████████████ ██████████████████████████████████████████████████████ ████████████████████████████████████████████████████ ████████████████████████████████████████████████████ ██████████████████████████████████████████████████ ████████████████████████████████████████████████
M ▄▄█▀▀█▄▄ ▄█▀ ▀█▄ ▄█ ▄██▄ █▄ █ ██████ █ █▄ ▀████▀ ▄█ █▄ ▀▀ ▄█ ▀█▄▄ ▄▄█▀ ▀▀▀▀ N ██ ▄▀▀▄ █ █ █ █ ▄▀ ██ ▀▄ █ ████ █ █ ██ █ ▀ ▀ R C H █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ FACEBOOKTWITTERTELEGRAMREDDIT
kolsernik
Sr. Member
****
Offline Offline

Activity: 700
Merit: 258


dApps Development Automation Platform


View Profile
July 12, 2018, 08:34:30 PM
 #28

In my country there is as yet no legislative basis for the taxation of mining.And in General, how should this happen in practice?If I bought a mining equipment, I need to go and tell the tax office about it.No one's gonna do that.


            ▄▄▄▄
        ▄▄████████▄▄
    ▄▄████████████████▄▄
 ▄████████████████████████▄
██████████▀▀███████████████
██████████▄   ▀█████████████
████████████▄   ▀███████████
██████████████▄   ▀█████████
█████████████▀   ▄██████████
███████████▀   ▄████████████
██████████▄  ▄██████████████
███████████████████████████
 ▀████████████████████████▀
    ▀▀████████████████▀▀
        ▀▀████████▀▀
            ▀▀▀

⬢⬢

⬢⬢



       ▄▄▄▄
   ▄▄████████▄▄
▄██████████▀▀▀█▀█▄
██ ▀█████▀     ▀██
██▌   ▀▀▀      ███
███▄           ███
████▀         ████
▀████▄     ▄▄████▀
   ▀▀▄▄▄▄████▀▀
       ▀▀▀▀


██████████████████



       ▄▄▄▄
   ▄▄████████▄▄
▄████████████████▄
██████████▀▀  ▐███
██████▀▀  ▄   ████
███▀   ▄█▀   ▐████
████▄▄█▀     █████
▀█████▌ ▄▄▄ ▐████▀
   ▀▀████████▀▀
       ▀▀▀▀


██████████████████



       ▄▄▄▄
   ▄▄████████▄▄
▄███████▀   ▐████▄
████████  ▄███████
██████      ██████
████████  ████████
████████  ████████
▀███████  ███████▀
   ▀▀████████▀▀
       ▀▀▀▀


██████████████████



       ▄▄▄▄
   ▄▄██▀█▀███▄▄
▄███▀▀▀ ▀ ▀▀█████▄
██████ ████▄ █████
██████ ▀▀▀▀ ▄█████
██████ ▄▄▄▄ ▀█████
██████ ████▀ █████
▀███▄▄▄ ▄ ▄▄█████▀
   ▀▀██▄█▄███▀▀
       ▀▀▀▀


██████████████████
RockBar0
Member
**
Offline Offline

Activity: 266
Merit: 10

Mainstream For The Underground


View Profile
July 29, 2018, 08:59:28 PM
 #29

In my country there is as yet no legislative basis for the taxation of mining.And in General, how should this happen in practice?If I bought a mining equipment, I need to go and tell the tax office about it.No one's gonna do that.
Taxes are designed to benefit the user in all areas. The tax is levied by each government for approval. So taxes are used professionally and civilly, taxes are very beneficial to the community. On the other hand, if tax is used incorrectly, many organizations that abuse tax to bring bad profits to them are not good.

MFTU   Mainstream For The Underground   Whitepaper
RADIO   ANN Thread   Twitter   Telegram
chaoscoinz
Sr. Member
****
Offline Offline

Activity: 570
Merit: 251


View Profile
July 29, 2018, 09:28:54 PM
 #30

I don't like this kind of discussion: bitcoin was born to free us from governments and taxes!

I think it is necessary to work in this spirit and find a way to escape the state robbers.

Unfortunately people are scared, and do not have the courage to go to a different society, free from ties and corrupt politicians.
But I think that the bitcoin - used correctly - is really the key to a new world: if we really can take away from the states the monetary power, what else will remain to them?
I am not sure if Bitcoin would work well enough on it's own. Bitcoin is more of a median point, or interface, more so than a currency. It could not have been as successful as it is today if it didn't start to become regulated. Bitcoins value is affected by supply and demand, the more people that want in, naturally, the higher the price travels.

               ▄▄▄▄▄▄
           ▄▄█████████       ▐█▄▄
       ▄██████▀▀            ▐█████▄
      ▄████▀                 ▐██▛▜███▄ 
   ▄█████▄                  ▐██▌  ▀███▄ 
   ▄███▀█████▄              ▗▟██▌    ▜███▖
 ███▀    ▀█████▄▄        ▄████▀▘     ▝███▖
 ███▀        ▀▀█████▄▄ ▄▄███▀▀         ▝███
▐███             ▀▀███████▀             ▐██▌
███                 ▀███▀                ███
███                  ███                 ███
███                  ███                 ███
███                  ███                 ███
▐███              ▄██████▄▄             ▐██▌
███▄          ▄████▀  ▀▀███▄▄         ▗███
  ███▙      ▄████▀▀       ▀▀████▄▄    ▄███▘
  ▀███▄    ███▀              ▀▀████▄████▘
    ▀████▄  ███                  ▀█████▀
     ▀████████                ▄▄████▀
        ▀▀█████           ▄▄▄█████▀▀
          ▀▀██      █████████▛▀
                     ▀▀▀▀▀▀
.
Vena Network

an Open Agreement For Asset Financing and Tokenization
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━                                                              ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━                                                              ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
WhitePaper            ‾‾‾‾‾‾‾‾‾   Luoshu Agreement   ‾‾‾‾‾‾‾‾‾              Announce  

bizarro
Member
**
Offline Offline

Activity: 299
Merit: 10


View Profile
July 30, 2018, 11:13:09 AM
 #31

How does it work guys?  Mining is completely legal and as far as I know there are no such % of tax that is taken specifically to the crypto mining. I think it all goes the same way as you would do with trading and gambling. When you will withdraw money into your bank account which you have gotten from the mining then it will be charged the same way as your salary gets taxed. With the different slots of income you will get charged different taxes mate. That is how it works. Also it depends on your country too. In some country's it is going to be taxed around 28% whopping price tag over the crypto earnings.

Any thoughts about this?
I think that they will definitely make something like this, my only hope is that this taxes would be affordable and we will not having a need to pay around 70% of our earnings to government.

jonatuzc
Hero Member
*****
Offline Offline

Activity: 742
Merit: 500



View Profile
August 03, 2018, 05:59:30 AM
 #32

This is somehow wrong, why to tax someone if the mines us not sustained by the government, like smaller process to energy??
This is wrong and that is the reason people do not pour in their money into crypto just because of the fear that government will tax them for the money they would earn in crypto or mining. A progressive tax is something that will be issued on your name as long as you are earning in crypto and with the rise in your profit.

Besides, implementing tax on mining is something that will discourage the activities of mining because of the already high process of electricity and the cost of investment.

                  ▄▀▀▄▄▄▄▄▄     ▄▄▄
                  ▀▄▄█     ▀▀▀▀█   █
                   █  ▀▄▀▀▀▀▄▄▀▀▄▄▄▀
                  █   █      █   █
                 █    ▀▄    ▄▀    █
                █     ▄▀▀▀▀▀▀▄     █
               █    ▄▀        ▀▄    █
              █   ▄▀            ▀▄   █
█   ▄▀    ▄▀▀▀▀▀▄▀   █▄     █  █  ▀▄▄▀▀▀▀▀▄    ▄▀▀▀▄
█ ▄▀    ▄▀       ▀▄  █ █    █  █  ▄▀       ▀▄  ▀▄
██      █         █  █  ▀▄  █  █  █         █    ▀▄
█ ▀▄    ▀▄       ▄▀  █    █ █  █  ▀▄       ▄▀      █
█   ▀▄    ▀▄▄▄▄▄▀    █     ▀█  █    ▀▄▄▄▄▄▀   ▀▄▄▄▄▀
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
█████████████████████████████████
█████████████████████████████████
█████████████       █████████████
█████████████       █████████████
█████████████       █████████████
███████                   ███████
███████                   ███████
███████                   ███████
█████████████       █████████████
█████████████       █████████████
█████████████       █████████████
█████████████████████████████████
█████████████████████████████████
SWISS
MADE
SaraClarke1212
Newbie
*
Offline Offline

Activity: 29
Merit: 0


View Profile
August 03, 2018, 06:56:23 AM
 #33

I think bitcoin is not taxed at all, at least in my country. But when you trade bitcoin, you may be taxed to prevent illegal trafficking and money laundering among criminal gangs.
tonysitaly
Member
**
Offline Offline

Activity: 237
Merit: 10


View Profile
August 03, 2018, 07:10:44 AM
 #34

It is certainly necessary to maintain a country's normal operation, because many countries do not have special taxes on the mining of encrypted money, so they are usually taxed in the way of your assets. I think 28% of the tax is too high, which will hinder a lot of people's enthusiasm for mining.

Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!