Please DON'T pay any taxes on your crypto!

[DigitalCyberius]

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
Have a good day, 
The Cyberius team.

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[arkawa040]

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.

[OrangeII]

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.

[KingScorpio]

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

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? ).

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

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.

[BennyK]

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.

[Seeker#9]

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.

[Google+]

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.

[iMark]

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!

[bartolomeo]

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

[Wexnident]

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

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? ).

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

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.

[WebTera]

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.

[minhlee95]

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]

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.

[reality18]

Payment of tax is a good thing because it is a source of revenue for the country's development. Indirectly, it is apparent that every cryptocurrrency holder pays tax. The government charge the exchanges tax and this is distributed among every trader on that exchange. This is why most of the exchanges are requiring for KYC of late in order to know and verify its customers in accordance with the stated laws of the country.

[hen cet]

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.

As a bitcoin trader, of course we must follow the rules in the country of trade. If you reject it, you will face a problem.
In countries that do not tax bitcoin, of course we do not pay taxes. But if the country that is the place of trade applies taxes, do we have to fight it? Of course not, because we still follow the rules of paying taxes.

[SiDtHeBeSt]

Not a very wise advice I would say there's a big chance that people who go t encouraged by you and they didn't pay their tax and may get nailed hard by the government authorities which may also land you up behind bars for not paying your income tax. If I'm not wrong whenever you deposit some good amount of money in your bank account you have got to have some explanation about where did all the money come from because I know someone who has been in this situation where he was called up by bank officials and they demanded an explanation of where the money had come from

[V-D-S]

Why not pay any taxes? This is necessary in a growing country and I think I’d better to pay the taxes than to be punished later on. So i think you have to follow the law and make a good contribution to your government, its good to be good sometimes.

First off, people who don't pay taxes are bad. Second, bad tax laws are worse.

Let's hyperbolize this to the feudal system taxes where the landlord gets say 97% of the crop in exchange for a one acre lease.
I highly doubt you would agree that the landlord's tax qualifies as being good or just here as he sits in his castle raping peasants and sipping mead.
Crypto is not a 97% tax, but property taxes on it are baffling. Moreover the tax structure de-incentivizes major companies from using crypto payments.
Where do you draw the line?? I am lead to assume U.S. crypto tax laws were designed to implement economic censorship, not support social infrastructure.

It is our duty and honor to be positive, benevolent members in the societies (and entire universe) in which we live.
However, in some places tax laws on crypto are contradicting lunacy. I'm not convinced they are productive, even for the government itself.
Being a good citizen and obeying the law are two different things.

[idham29]

Payment of tax is a good thing because it is a source of revenue for the country's development. Indirectly, it is apparent that every cryptocurrrency holder pays tax. The government charge the exchanges tax and this is distributed among every trader on that exchange. This is why most of the exchanges are requiring for KYC of late in order to know and verify its customers in accordance with the stated laws of the country.

Tax is one of the state revenues that all citizens must pay without exception. While the wishes of crypto users are tax free, so transactions are peer to peer.
This is a dilemma that must meet, because if there is no agreement cryptocurrency is considered illegal. Though each country has different rules between countries. The government clearly has the authority to find out who the crypto owner is, through a crypto money exchange company

[Akagum]

I understand that these countries want to start imposing tax on Cryptocurrency holdings.
I also know that Cryptocurrency has a decentralized structure and so no one has control over it.
My question is: how do this countries plan implemting the tax procedure?
I 'm literally confused about the method they intend too use.
Can anyone enlighten me please?
Thanks

[deppil]

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.

Yeah you can say that. but in some countries, the government has implemented rules for crypto, some local exchanges are required to pay taxes, and the tax is taken from our withdrawal fees to cash, I think we should be familiar with that at this time