Bitcoin Forum
September 18, 2019, 12:37:03 PM *
News: Latest Bitcoin Core release: 0.18.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 [12]  All
  Print  
Author Topic: Please DON'T pay any taxes on your crypto!  (Read 18561 times)
Ailmand
Hero Member
*****
Offline Offline

Activity: 1050
Merit: 502



View Profile
April 10, 2019, 04:59:57 PM
 #221

If the law states so, I think it's better to abide from it. There's a lot of way to check it, if the law asks you to send them your wallet address and detail, you have no  choice but to do so, or else, you will face some consequences for not abiding.

                  ▄▄▄████████▄
              ▄▄██████████████
    ▄▄▄▄▄▄▄▄▄█████▀    ▀██████
▄▄███████████████        ████
 ▀▀████
███████████▄    ▄████
     ██████████████████████
     ▀███████████████████▀
    ▄██████████████████▀
   ▄████████████████
  ▄██████████████████
  ███████▀▀ ▀▀▀█████▀
               ████▀
               ██▀
.ROCKETPOT..           █████████
          ███
         ███
        ███
       ███
      ███
████████
      ███
       ███
        ███
         ███
          ███
           █████████
▄▄█████████▄▄
▄█████████████████▄
▄████████  █  ████████▄
▄██████         ▀███████▄
▄█████████  ████▄  ███████▄
██████████  █████  ████████
██████████          ███████
██████████  ██████  ███████
▀█████████  █████▀  ██████▀
▀██████          ▄██████▀
▀████████  █  ████████▀
▀█████████████████▀
▀▀█████████▀▀
||
█████████         
███         
███       
███       
███     
███     
████████
███     
███     
███       
███       
███         
█████████          
...PLAY NOW...
1568810223
Hero Member
*
Offline Offline

Posts: 1568810223

View Profile Personal Message (Offline)

Ignore
1568810223
Reply with quote  #2

1568810223
Report to moderator
1568810223
Hero Member
*
Offline Offline

Posts: 1568810223

View Profile Personal Message (Offline)

Ignore
1568810223
Reply with quote  #2

1568810223
Report to moderator
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1568810223
Hero Member
*
Offline Offline

Posts: 1568810223

View Profile Personal Message (Offline)

Ignore
1568810223
Reply with quote  #2

1568810223
Report to moderator
1568810223
Hero Member
*
Offline Offline

Posts: 1568810223

View Profile Personal Message (Offline)

Ignore
1568810223
Reply with quote  #2

1568810223
Report to moderator
Adriano2010
Hero Member
*****
Offline Offline

Activity: 1176
Merit: 513


First 100% Liquid Stablecoin Backed by Gold


View Profile WWW
April 10, 2019, 05:00:08 PM
 #222

Well on my country they say will tax only profit from crypto, but not now, so if i can't make a profit in a year there i should not have any tax to pay, i not like the countries who want to pay tax for crypto if only hold crypto and not have any profit.

Bl4nk
Member
**
Offline Offline

Activity: 167
Merit: 10


View Profile
April 10, 2019, 06:08:30 PM
 #223

More and more countries, like Chile or India, are trying to tax their citizen for the crypto they hold.

Please don't pay taxes on your coins.
You really don't need it, unless you are totally ignorant.

It's simple: they cannot prove you have the coins on your PC/phone , so you don't have nothing to pay taxes on, as far as they know.
It's just their attempt to trick the ignorants that don't know about that Wink

Even if they look for your wallet on your PC/phone ,
your wallet data is not accessible to them because it's  encrypted with password  ( uhm.... have you set the password protection on your wallet... right? Wink ).

Of course you are not going to give them the wallet password.

Oh.. they tell you that you withdrawn the coins from an exchange,  so that's the proof you have the coins?
Just say that it was an hacker that stole your coins from the exchange,  not you.
You got robbed, and you don't have to pay taxes on the money that was stolen from you, right?

P.S. for the geeks: use Veracrypt Wink
do you mean the Chilean and Indian state systems, do not occasionally pay taxes with crypto money, if they pay with crypto money from that country know if they pay with crypto money and the tax party will ask for their wallet password that pays crypto?
is it like that?
mohammedmattar
Member
**
Offline Offline

Activity: 434
Merit: 20


View Profile WWW
April 10, 2019, 09:24:13 PM
 #224

More and more countries, like Chile or India, are trying to tax their citizen for the crypto they hold.

Please don't pay taxes on your coins.
You really don't need it, unless you are totally ignorant.

It's simple: they cannot prove you have the coins on your PC/phone , so you don't have nothing to pay taxes on, as far as they know.
It's just their attempt to trick the ignorants that don't know about that Wink

Even if they look for your wallet on your PC/phone ,
your wallet data is not accessible to them because it's  encrypted with password  ( uhm.... have you set the password protection on your wallet... right? Wink ).

Of course you are not going to give them the wallet password.

Oh.. they tell you that you withdrawn the coins from an exchange,  so that's the proof you have the coins?
Just say that it was an hacker that stole your coins from the exchange,  not you.
You got robbed, and you don't have to pay taxes on the money that was stolen from you, right?

P.S. for the geeks: use Veracrypt Wink


It's hard to say that publicly, man
If taxes are imposed by law, we must be complied with
Unless you want to discredit btc trade

If taxes are imposed by state on btc trade, it means that the state recognizes this trade and that is positive
The percentage of taxes and how to prepare its law in terms of technical
it must be subject to community dialogue
We do not want to repeat Japan's experience.
MakeMoneyBtc
Full Member
***
Offline Offline

Activity: 644
Merit: 116



View Profile
April 10, 2019, 09:28:02 PM
 #225

Well on my country they say will tax only profit from crypto, but not now, so if i can't make a profit in a year there i should not have any tax to pay, i not like the countries who want to pay tax for crypto if only hold crypto and not have any profit.
The same thing applies for my country but one thing I don't understand here is how they can be sure on how much profit I am making from my investments? I mean, I have to pay taxes for the whole amount of bitcoin/crypto I am exchanging and that's because they think all of it its a profit. I think they should have waited a little longer until they could figure everything out and not create stupid laws just to get more money from people's pockets.

Twinkledoe
Full Member
***
Offline Offline

Activity: 756
Merit: 104


★Bitvest.io★ Play Plinko or Invest!


View Profile
April 10, 2019, 09:28:18 PM
 #226


It's hard to say that publicly, man
If taxes are imposed by law, we must be complied with
Unless you want to discredit btc trade

If taxes are imposed by state on btc trade, it means that the state recognizes this trade and that is positive
The percentage of taxes and how to prepare its law in terms of technical
it must be subject to community dialogue
We do not want to repeat Japan's experience.


And also, the tax that he might be talking about is when such government impose the tax regulations to those local exchanges. You have nothing to do with that but comply. How can you exchange your crypto to fiat without them? Unless, you have your local exchange running illegal operations and not bound by the Central Bank. But I won't deal with this exchange in case. You won't know if your money is safe with them.

0t3p0t
Sr. Member
****
Offline Offline

Activity: 854
Merit: 315


View Profile
April 10, 2019, 09:48:52 PM
 #227

Does this mean you're willing to pay the fines or serve the jail time of every single person you encourage to this who gets nailed?

Either you stand behind your 'advice' or you don't. In most places the money needs to finish up in your bank if you want to spend it. Once it's in there you may have some explaining to do.
Agree. Here in my country cryptocurrencies are regulated through local exchanges that is why we can do nothing about tax as it was I think automatically be deducted during transactions but there is also a positive side in terms of regulation like our funds safety from exchanges. Most traders are hesitant to store their funds on exchanges but now governments are taking part into this industry.
teejayrichard2
Member
**
Offline Offline

Activity: 574
Merit: 12


View Profile
April 10, 2019, 10:00:59 PM
 #228

It is absolutely wrong for you to encouarge law abiding citizens to shy away from payment of tax. Even if the government has no means in knowing who owns bitcoin for now, that does not mean one should not do the needful. Taxes are used for the development of our society, payment for security and so many other things. The tax is needed for the growth of the nation so it is not cool asking people to avoid paying tax.
DreamStage
Sr. Member
****
Offline Offline

Activity: 398
Merit: 253


Free Crypto in Stake.com Telegram t.me/StakeCasino


View Profile
April 10, 2019, 11:28:23 PM
 #229

It should be ok to have taxes since there are money transactions between 2 partners.
Take for example Coinbase or any other exchanger: you pay fees for bank transactions (a.k.a taxes where some of the fee you pay goes as tax)

If you don't want fees for those transactions just use Stellar.

Japinat
Hero Member
*****
Offline Offline

Activity: 1274
Merit: 537



View Profile
April 11, 2019, 04:20:18 AM
 #230

It should be ok to have taxes since there are money transactions between 2 partners.
Take for example Coinbase or any other exchanger: you pay fees for bank transactions (a.k.a taxes where some of the fee you pay goes as tax)

If you don't want fees for those transactions just use Stellar.
I wish it was that easy, paying fees considered for taxes is quite very convenient to our part.
My interpretation on the fees we pay is that it includes blockchain fee and the rest is the income of the company or exchanges, and they will
pay taxes for the income they earn, so where are our taxes on that scenario? There was non IMO, we also have to pay taxes if we have income, just like exchanges, but fees are not taxes automatically.

          ▄▄████▄▄
      ▄▄███▀    ▀███▄▄
   ▄████████▄▄▄▄████████▄
  ▀██████████████████████▀
▐█▄▄ ▀▀████▀    ▀████▀▀ ▄▄██
▐█████▄▄ ▀██▄▄▄▄██▀ ▄▄██▀  █
▐██ ▀████▄▄ ▀██▀ ▄▄████  ▄██
▐██  ███████▄  ▄████████████
▐██  █▌▐█ ▀██  ██████▀  ████
▐██  █▌▐█  ██  █████  ▄█████
 ███▄ ▌▐█  ██  ████████████▀
  ▀▀████▄ ▄██  ██▀  ████▀▀
      ▀▀█████  █  ▄██▀▀
         ▀▀██  ██▀▀
.WINDICE.████
██
██
██
██
██
██
██
██
██
██
██
██
████
      ▄████████▀
     ▄████████
    ▄███████▀
   ▄███████▀
  ▄█████████████
 ▄████████████▀
▄███████████▀
     █████▀
    ████▀
   ████
  ███▀
 ██▀
█▀

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

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


▄▄████████▄▄
▄████████████████▄
▄████████████████████▄
███████████████▀▀  █████
████████████▀▀      ██████
▐████████▀▀   ▄▄     ██████▌
▐████▀▀    ▄█▀▀     ███████▌
▐████████ █▀        ███████▌
████████ █ ▄███▄   ███████
████████████████▄▄██████
▀████████████████████▀
▀████████████████▀
▀▀████████▀▀
iePlay Nowei
[/cente
Pages: « 1 2 3 4 5 6 7 8 9 10 11 [12]  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!