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Author Topic: Please DON'T pay any taxes on your crypto!  (Read 19494 times)
pixie85
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January 31, 2019, 07:11:57 PM
 #101

So what I hear you saying is: "Please everyone, pleeeease lie, and on top of morally compromising yourself, also take on the risk of whatever punishment the government may decide to inflict on you for not paying your taxes, if they find out."

No thank you.
Have a good day,
The Cyberius team.
Yeah it's a dumb call for theft and immorality.

The government likes to call people who aren't paying taxes thieves because it considers your hard earned money its money.
The taxpayers like to call the government a thief because it takes away money that it did not help earn.

Who in this case is immoral? Is preventing a thief from stealing your money immoral, or maybe by stealing from a thief you also become one?

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January 31, 2019, 10:13:33 PM
 #102

If you don't like the tax laws in your country you can vote with your wallet and move to a different country.  I guess if every country eventually had similar laws you couldn't do much except outright refuse to pay.  I would have no problem paying taxes if the funds weren't used for wars and other evil purposes.

That is the best answer. Gerard De Pardieu the french actor chose to become a Russian citizen just for that reason for example.

If you keep crypto in crypto then no tax applies.

If you transfer from crypto to fiat then capital gains tax rules applies unless you prove it is a Hobby: ask an accountant.

Yes the brave create liberty but also liberty means anarchy and hypocrites want to not pay their $2 tax and want billionaires to become poor overnight by paying all their money in taxes to fund their hobo life style. Paying tax is good it makes the society better.
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January 31, 2019, 10:36:08 PM
 #103

I agree with many people who wrote above that it is not worth the risk. If it is necessary to pay taxes for it, you are obliged to do it to avoid problems. But I understand you. I would also not want to pay taxes for crypto, because I earned it myself, without the help of the state and I want to get the whole amount, without tax. But even if you do not want to, it is better to pay tax and sleep peacefully.

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February 01, 2019, 02:53:23 AM
 #104

I agree with many people who wrote above that it is not worth the risk. If it is necessary to pay taxes for it, you are obliged to do it to avoid problems. But I understand you. I would also not want to pay taxes for crypto, because I earned it myself, without the help of the state and I want to get the whole amount, without tax. But even if you do not want to, it is better to pay tax and sleep peacefully.

Exactly, why would we pay taxes for crypto in the very first place? government don't even accept crypto here in my country and taxes are already on top of the merchandise we bought, so for me it's no need.

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February 01, 2019, 03:56:26 AM
 #105

I agree with many people who wrote above that it is not worth the risk. If it is necessary to pay taxes for it, you are obliged to do it to avoid problems. But I understand you. I would also not want to pay taxes for crypto, because I earned it myself, without the help of the state and I want to get the whole amount, without tax. But even if you do not want to, it is better to pay tax and sleep peacefully.

Exactly, why would we pay taxes for crypto in the very first place? government don't even accept crypto here in my country and taxes are already on top of the merchandise we bought, so for me it's no need.

Taxation is for the fiat currencies , therefore there is no point for the tax on crypto. No one controls the crypto and no one is responsible for it in case it is hacked etc. When government pay the taxes, they are responsible for the people loss,  how can government control the crypto loss ?
This is the main reason why government is not willing to use bitcoin as a currency.

 
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February 01, 2019, 04:56:46 AM
 #106

For all the fiat exchanges I've encountered, there is a requirement to KYC before you can use them. This is to prevent money laundering and terrorist funding. It allows allows governments to do further data matching towards your tax liabilities in the future. They can backdate it for many years, so even if you've escaped their notice now, it doesn't mean they won't come after you in the future. Unless you're keeping it all and spending it all in Bitcoin or whatever cryptocurrency you've purchased (as it was originally intended for). I personally met one of the barristers representing the tax office for a case like this yesterday.
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February 01, 2019, 06:34:02 AM
 #107

Users of encrypted currencies face a problem: previously, when banks and other institutions crossed the border, absolute sovereignty without state intervention prevented them from being protected by the government. But there is a price to be paid for acceptance, which is to hand over a certain degree of privacy and control to the government.

Previously, the government excluded encrypted currency from the definition of currency. The Chilean Internal Revenue Service even abolished the value-added tax on encrypted currency on the grounds that the encrypted currency was "intangible property". But now, this idea has changed, and investors are going to pay taxes.

One of the main concerns of the government is the use of encrypted money for money laundering and crime. But legal currencies are not exempt from this possibility. Why laugh at a hundred steps with fifty steps? At present, the Spanish government has identified 15,000 encrypted currency holders, which are monitored and taxed at the same time.

 
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February 01, 2019, 06:57:35 AM
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 #108

So what I hear you saying is: "Please everyone, pleeeease lie, and on top of morally compromising yourself, also take on the risk of whatever punishment the government may decide to inflict on you for not paying your taxes, if they find out."

No thank you.
Have a good day,
The Cyberius team.
Yeah it's a dumb call for theft and immorality.

The government likes to call people who aren't paying taxes thieves because it considers your hard earned money its money.
The taxpayers like to call the government a thief because it takes away money that it did not help earn.

Who in this case is immoral? Is preventing a thief from stealing your money immoral, or maybe by stealing from a thief you also become one?

There is something to be said about governments taking what they did not earn. The Boston Tea party was, if I remember correctly, based on a fraction of the taxes we pay today, from the British Parlament across the pond ("No taxation without representation" is what they said I believe). However, that said, there is also something to be said about obeying the laws of the land in which you reside (so long as they're not requiring you to do something immoral).

Also, when Jesus was presented with the question of whether they should pay taxes, He asked for a coin, and asked who's image and inscription was on it, they said Ceasor's, and He responded by saying to give to Ceasor that which is Caesar's, and to God that which is God's. It is certainly an interesting situation if you were, say, to be paid in Crypto, and only spend it as crypto or some other non-government issued currency, but as soon as you take it out you're probably converting it into some sort of fiat, which the government prints, and they want what they deem to be their share. I don't particularly like it, especially when it is misused, but technically they own that fiat, they are the ruling government, and they, for the most part, make the rules. Now, if done well, and with the current structure of government we have, taxes can help with things like roads, etc - but then that gets into a separate discussion of the job of the government, and how much freedom and personal responsibility the individual States and the people themselves have. 

Fun discussion taxes can be Cheesy
Have a good day, 
The Cyberius team.
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February 01, 2019, 07:19:30 AM
 #109

I would rather pay tax on my crypto currencies than having the governments banning crypto. Let’s not give the governments another reason to disallow us using crypto. Anyway, it is good to contribute to nation building, isn’t it?
And how can they forbid you? For example, you live in the Netherlands, you are engaged in crypto and if it is forbidden what prevents you to go to Germany to withdraw your money, or if you have friends or relatives can transfer money to Fiat and send it to you through the Bank. It is impossible to prohibit the use of crypto, they can simply create some difficulty for you to withdraw to Fiat money.
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February 01, 2019, 09:07:05 AM
 #110

however, I will still pay taxes on that when it applies to my country. well, right, that is to avoid the problem that will occur. if I make enough profit in this case, I might still pay for it. it all depends only on the income we have.
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February 01, 2019, 09:16:28 AM
 #111

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

well then prepare yourselves for a corrupt police, corrupt state and everything else corrupt too.

if someone steals your crappy bitcoins, you will have to pay to police to just "try" finding it again.

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February 01, 2019, 09:23:50 AM
 #112

I am not against the idea of taxation because it is the source of revenue for the governments to develop our countries. Indirectly, every crypto user is charged tax during transactions because the exchanges are charged to pay taxes and this is distributed amongst all members through the transaction fees.

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February 01, 2019, 09:45:15 AM
 #113

If my government requires me to pay tax on a bitcoin transaction then I'm willing to do it because it is the duty of every citizen. These taxes can also help improve the economy and services  of my country.Here in my country, the government did not yet put taxation on every bitcoin transaction because it is not yet legalized as a currency. But they are also planning to impose regulations on some crypto exchnages that are presently operatinghere.
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February 01, 2019, 10:05:55 AM
 #114

of course you don't have to pay any taxes with the cryptocurrency you have, with cryptocurrency you should be able to be free from the world of taxation, and tax people can't know how many assets you have, so you have to be calm and don't spend money on cryptocurrency tax , because it's not important.

 
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February 01, 2019, 11:26:00 AM
 #115

I agree with many people who wrote above that it is not worth the risk. If it is necessary to pay taxes for it, you are obliged to do it to avoid problems. But I understand you. I would also not want to pay taxes for crypto, because I earned it myself, without the help of the state and I want to get the whole amount, without tax. But even if you do not want to, it is better to pay tax and sleep peacefully.

Exactly, why would we pay taxes for crypto in the very first place? government don't even accept crypto here in my country and taxes are already on top of the merchandise we bought, so for me it's no need.
If we are required to pay taxes then there must be a guarantee or payback such as legalization, ease of shopping using bitcoin,
and so forth. of course we will be very happy to pay taxes, if nothing special is offered by the government, then no!

 
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February 01, 2019, 11:50:01 AM
 #116

its not a good thing not to pay taxes for what we earn in crpto i guess its all about simple contribution is a good thing for government since they need to regulate it too for security purposes dont get me wrong sir, but if you dont pay taxes you might get punish something worst in the future

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February 01, 2019, 12:14:55 PM
 #117

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
I am imagining people that will pay taxes because of cryptocurrency and it's funny, why do you need to pay to government on something they can't regulate? As far as i know, when you buy coins on exchange its the exchange that will pay for tax because of service they made and for legality also but you as a trader/user you don't have to pay.

 
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February 01, 2019, 07:26:43 PM
 #118

This is quite a controversial tip, because in theory, bitcoin can not be taxed, since it is a decentralized currency. But you cannot fail to pay taxes since you are a citizen of your country. I think there are many nuances and there is no clear answer.
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February 01, 2019, 08:02:02 PM
 #119

Here it is difficult to solve unambiguously, but I think that if I appeared in a similar situation, I didn't pay taxes to the state for what they have no influence and that doesn't belong to them. The meaning of bitcoin is just the same to limit us from government interference, which means it can not be taxed.

Frideric
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February 04, 2019, 08:40:13 AM
 #120

I find Bitcoin taxation unfair and cruel to the authorities as always. Why should I pay them if the country did not give me a single cent for investment. Of course, like all sensible people, I try in every way to trade in cryptobirds anonymously, for my own safety. The world finally got the opportunity to raise their incomes up, but they want to trample them again. It's a shame! Yes, and I think very few people want to pay these taxes, except those who have a very big and fat plus in income.
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