Bitcoin holders will have to pay their tax?

[ryzaadit]

To be honest paying a tax, i think we already paying the tax whent we trading a cryptocurrency like bitcoin on some centralized exchange, Each trade always have tax. and that fee from exchange can be used for paying a tax for every cryptocurrency user

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[Vishnu.Reang]

Many of the countries have wealth tax. If your net worth is above a certain threshold, then you need to pay this tax. And if I am not wrong, you need to pay this tax irrespective of the nature of your assets.

[BTCbengi]

I do not think there is any evidence that the government knows about us, Bitcoin users. It is absolutely confidential and seems to be anonymous. Thus, Bitcoin is growing and more known, despite being banned by the government

[jcarlo]

The mode of taking the tax and the percentage will determine investors drives towards bitcoin because there must be profit in any investment we venture into. If the taxation rate will be too high people will have a second thought.

People will think bitcoin is legal currency if put taxes on it. Many country already implementing this and bitcoin as an digital asset. It will good for cryptomarket because will give good climate

[Mr.grin]

I do not think there is any evidence that the government knows about us, Bitcoin users. It is absolutely confidential and seems to be anonymous. Thus, Bitcoin is growing and more known, despite being banned by the government

well, I think that it is very difficult to implement this, moreover the price of bitcoin is uncertain, and also the income is uncertain. well, there are many factors that hinder paying taxes for crypto users, moreover crypto is not fully legal in all countries.

[Rrotess]

What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.

Trade profits are already being taxed. Crypto tax already exist. It's part of a needed regulation that could actually help increase adoption contrary to your statement. You can't expect to make profit and not pay taxes.

When we pay taxes, I just hope that it will never be on the hands of some greedy persons. It is really okay to pay but hey, some reasons are just nonsense. We also want to help one another by engaging on some charitable program.
Governments, also have a lot of budgets so they won't bother.

[yulionoo]

in my opinion bitcoin tax withdrawal is something that will have a good impact on bitcoin. because taking tax from the circulation of crypto currency means that the government has made rules for crypto currencies and will protect us from crypto hackers. if someone is hacking, the government can take legal action to that person. and I think that with the withdrawal of bitcoin taxes it will not reduce the bitcoin community, I think they will be more eager to invest. so that both the government and bitcoin holders benefit from each other.

[pedangrusak]

it will be difficult to detect the amount of tax that must be paid by other bitcoin and crypto holders, because the government does not have the authority to check how much one's investment is certain because wallet data can be of several kinds. what can be done is that the person reports it to the government to be taxed, and I agree to the crypto investment tax

[horrifiedx1]

What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.

Trade profits are already being taxed. Crypto tax already exist. It's part of a needed regulation that could actually help increase adoption contrary to your statement. You can't expect to make profit and not pay taxes.

When we pay taxes, I just hope that it will never be on the hands of some greedy persons. It is really okay to pay but hey, some reasons are just nonsense. We also want to help one another by engaging on some charitable program.
Governments, also have a lot of budgets so they won't bother.

as long as it is used for people's prosperity, I have no problem paying taxes according to the rules. but sometimes there are some people who abuse, of course the government must also think of ways to prevent it, so that public trust increases and they are aware of paying taxes voluntarily

[NewRanger]

What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.

Trade profits are already being taxed. Crypto tax already exist. It's part of a needed regulation that could actually help increase adoption contrary to your statement. You can't expect to make profit and not pay taxes.

When we pay taxes, I just hope that it will never be on the hands of some greedy persons. It is really okay to pay but hey, some reasons are just nonsense. We also want to help one another by engaging on some charitable program.
Governments, also have a lot of budgets so they won't bother.

as long as it is used for people's prosperity, I have no problem paying taxes according to the rules. but sometimes there are some people who abuse, of course the government must also think of ways to prevent it, so that public trust increases and they are aware of paying taxes voluntarily

tax payment actually back to us too.government use tax money to provide public facilities and infrastructure.so why we should be affraid if bitcoin holder have to pay taxes.

[hardhardy]

It varies from country to country, but US citizens will have to pay tax on every individual trade. So they might sell in January to cover that.
Most EU countries don't have this problem. Germans are tax free if they HODL, most other countries only tax whatever you withdraw

[aditasetia123]

What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.

Trade profits are already being taxed. Crypto tax already exist. It's part of a needed regulation that could actually help increase adoption contrary to your statement. You can't expect to make profit and not pay taxes.

When we pay taxes, I just hope that it will never be on the hands of some greedy persons. It is really okay to pay but hey, some reasons are just nonsense. We also want to help one another by engaging on some charitable program.
Governments, also have a lot of budgets so they won't bother.

as long as it is used for people's prosperity, I have no problem paying taxes according to the rules. but sometimes there are some people who abuse, of course the government must also think of ways to prevent it, so that public trust increases and they are aware of paying taxes voluntarily

tax payment actually back to us too.government use tax money to provide public facilities and infrastructure.so why we should be affraid if bitcoin holder have to pay taxes.

that was the government purpose why they attract taxes for bitcoin and cryptocurrency holder.to make their country become prosperous was main goal , so they need alternative income source.

[Ahimoth]

What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.

Trade profits are already being taxed. Crypto tax already exist. It's part of a needed regulation that could actually help increase adoption contrary to your statement. You can't expect to make profit and not pay taxes.

When we pay taxes, I just hope that it will never be on the hands of some greedy persons. It is really okay to pay but hey, some reasons are just nonsense. We also want to help one another by engaging on some charitable program.
Governments, also have a lot of budgets so they won't bother.

as long as it is used for people's prosperity, I have no problem paying taxes according to the rules. but sometimes there are some people who abuse, of course the government must also think of ways to prevent it, so that public trust increases and they are aware of paying taxes voluntarily

tax payment actually back to us too.government use tax money to provide public facilities and infrastructure.so why we should be affraid if bitcoin holder have to pay taxes.

that was the government purpose why they attract taxes for bitcoin and cryptocurrency holder.to make their country become prosperous was main goal , so they need alternative income source.

If the bitcoin holder is paying taxes then surely the government will oppose a law about and possible they will get a higher tax for bitcoin. But the advantage of paying taxes of bitcoin holder is they used the collected tax as fund for the community needs or to build that can help to a lot of people.

[Crafts12]

What will happen on BTC if the government will said that all the bitcoin holder have to pay their tax??
Maybe the expansion of BTC community will get low than usual.

Trade profits are already being taxed. Crypto tax already exist. It's part of a needed regulation that could actually help increase adoption contrary to your statement. You can't expect to make profit and not pay taxes.

Very good point of view. The tax in cryptocurrency is now being implemented. It is now on the run as well as the trading of cryptocurrency and I also think that it was somehow a good idea for a reason that it can also help the promotion of it especially in regulating. As what you have mentioned, gaining profit also means you have to tax it in order to run longly and organizely.

[munareal]

Collecting tax on bitcoin is a good thing as this had shown that the cryptocurrency is being accepted as a means of payment. This will expose it for more usage

[Irvinn]

I don't think that this is necessary. It would give a big pressure to investors.

Over time, most countries where cryptocurrency will be legalized will levy a tax on the profit from operations with cryptocurrency. I think that this is not unusual and we will have to pay such a tax, even if this activity is very poorly monitored and we have the opportunity to avoid paying it. The fact is that the total volume of operations with cryptocurrency can be determined and if we do not pay this tax, the government will be happy to take measures to limit or even prohibit the circulation of Bitcoin or other cryptocurrency under this pretext. This is quite possible, so in order for the cryptocurrency to develop, we will have to pay such a tax.

[biskitop]

if the government provides a regulation for btc and provides legal for btc, then the tax will be required. but if not, it will not pay taxes. all will depend on government decisions.

[BigBos]

if the government provides a regulation for btc and provides legal for btc, then the tax will be required. but if not, it will not pay taxes. all will depend on government decisions.

well, it might be very difficult to pay taxes with bitcoin, because basically the assets of bitcoin are hard to find. What's more, unstable prices make us confused. this can be done when the assets you have have changed to fiat. moreover at this time, it is very difficult to take the policy of cryptocurrency besides being an investment tool on the internet, and a transaction tool

[iMark]

if the government provides a regulation for btc and provides legal for btc, then the tax will be required. but if not, it will not pay taxes. all will depend on government decisions.

Agree, I think we know that we live in a country that has rules that must be followed. if bitcoin or crypto is legalized, of course there is a payback to the government, maybe the tax will be applied afterwards, and we as law-abiding citizens must follow it

[Honnet43]

This will not happen. Bitcoin and other cryptocurrencies are free and independent currencies. The government can not manage cryptocurrency. So they can not say that we pay for it. And too many people will be against it, so they will not do it anyway.