Please DON'T pay any taxes on your crypto!

[coolcoinz]

Huh.?you are generating money inside crypto and you wanna deny paying taxes because the government cannot prove that you are gaining?do you know what are you saying?

Being a responsible people we must pay taxes everytime we gather profit,not unless you are a loser then i ca understandably agree with you.but if not then you are definitely a cheater

dont me .  im not like you  . you maybe a rich guy and wont mind paying a tax but me ( most of us ) we are only poor . we dont even have a regular jobs outside  ,  we only depend on crypto  .  now when the market falls , our income are greatly affected and the sad part is that we are paying expensive fee from the network and on the platform that we are using  .   how much more if we pay taxes  ?  cant imagine if what will be left on my income   .

What are you talking about? What expensive fees? Segwit fees are very low and it's hard to get any cheaper than LN.

It doesn't matter if someone is rich or poor because taxes are a percentage of your income. That rich guy will pay 10k USD every month when you only have to pay $100 or even less if your only crypto income is a signature campaign. In proportion you're paying the same thing, he's even in a worse situation because he might be working harder for his money and paying more than you.

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[jhongzjhong]

We should pay tax if it is implemented in our country, just a small amount from your earning to pay tax or rather than you serve that in jail due to not paying tax. That is just a small amount that might contribute to having economic growth in the country. Just like happen in the U.S. they are very strict on implementing the tax, they are now the number one of the most fully developed country.

[kucritt]

hmm, i think you are right, but we should know about it first, lets things that india want makes the people to pay the tax, because they afraid because of the inflation in their country, they should know about the money that people have to prevent the inflation in their country, because if its happen it will be crisis on their country

[MiguelCryptoss]

Personally I wouldn't buy into your idea because in my country crypto tax defaulters are liable to 21years imprisonment or $3000 option of fine. My advice to OP is that he should not get involved in the defaulters group to avoid been jail.

[teejayrichard2]

trying to run form paying tax clearly shows you are not a law abiding citizen. The government is bad and we are all angry but then we should pay our tax as it is needed to keep a country running. If government says pay tax on your crypto, then do the right thing and pay, doesnt take anything from you.

[hawkins]

hmm, i think you are right, but we should know about it first, lets things that india want makes the people to pay the tax, because they afraid because of the inflation in their country, they should know about the money that people have to prevent the inflation in their country, because if its happen it will be crisis on their country

well, if a country gives a regulation, or a regulation about it, I think I have to pay if I fulfill the requirements. however, for now, it is very difficult to apply tax payments to every crypto asset we have, moreover it is not stable. but to avoid danger, I will pay for it when it applies.

[Bitcoin-Turkiye]

States are very eager to receive taxes.. the value of the coins we received fell. If we try to pay tax on the price we buy coins, we will be destroyed. If the states are going to get taxes when I make a profit,   they pay for my losses.!!

[RocketBot]

Apparently the tax agencies in Europe have started to ask for additional information from people that have been using localbitoins. I suggest not submitting anythiung and if responding at all, ask them what info they have on you first.

[denzkilim]

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.

LOL, that's correct, I guess people with Crypto Currencies won't get rekt when they do this. Some governments are really trying to milk out money from people that use Crypto Currencies and it is a sad thing to hear but we don't have control over it. But I think the government has the right to get some taxes especially for a law-abiding citizen that citizen of that certain nation will pay his/her taxes because taxes are used by governments to improve their respective countries unlike in my country where taxes are directly stoled by government official and the quality of life of the majority of the citizens are not improving but the quality of life of any government official is improving dramatically.

[loopes]

Tax rate which too high can become a nightmare, but honestly I think pay tax of our bitcoin is still okey because government use the fund to build infrastructures for us. Low rate tax for bitcoin is okey but if it's too high then this can make cryptocurrency holder think twice to declare about amount of cryptocurrency they have.

[Argoo]

We will need to pay taxes on our profit in cryptocurrency. It is necessary to proceed from the fact that states will be able to determine the total amount of tax payments that must be paid by the population. If taxes are not received, government agencies will be very happy to limit circulation or even prohibit cryptocurrency. I think that we do not need it. The state should make sure that the circulation of cryptocurrency is beneficial for him, only in this case it will, if not support cryptocurrency, then at least allow it to circulate on its territory.

[darklus123]

They would really don't if you have coins in your pc or phone only if you don't have plans in using those lol. If you don't want to pay your taxes then its up to you but I always go with the right method. If you don't pay taxes you should not be allowed to use all the facilities that was made because of the taxes given by other citizens. A good example would be the acess roads

[gribble]

I think we have paid the tax because when we do withdrawal to fiat money from the the market, they have paid the tax for the government be collectived by the market of course small amount of tax, so our money is clean. That was my experience and i think all of regulation around the world is same and in my own personal opinions it is money 10% because we have paid the tax via market.

[goaldigger]

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

How to get over a tax evasion 101. Yes you dont need to pay taxes on coins you are already holding because its still not considered as profit not unless you withdraw it. In this you need exchanges or banks that are traceable by the government. If thats the law then you should obey it. No exemptions. Dont run from it or it gets worse in the future.

[Nadziratel]

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

According to my estimation, these countries are trying to get tax on the trade, not on the crypto money which people are holding. As you already mentioned, it is very difficult to get taxes in other ways.

[Johnzky]

Stupid idea,just because the government cannot prove you are holding coins meaning you will not obey the rules?i dont know what kind of people we are having right now here

We are obliged to oay taxes in every profit we made put that on mind,even if they cant prove it but your conscience will tell you to do so

[10yearsolder]

For as long as you are not detected, then probably you can shirk from your tax obligations. But if you are caught, then you will definitely be sorry for it. At the end of the day, you are violating the law of whatever country you are from. And then there is the fact that you cannot actually avoid them. I think buying with your cryptocurrencies in legal stores and restaurants already involves taxes. Or if you opt to convert them into fiat and withdraw them through legit banks and other centers, you will also be paying taxes.

So you better stick within the legal boundaries.

[denzkilim]

I think we have paid the tax because when we do withdrawal to fiat money from the the market, they have paid the tax for the government be collectived by the market of course small amount of tax, so our money is clean. That was my experience and i think all of regulation around the world is same and in my own personal opinions it is money 10% because we have paid the tax via market.

You have a point about that but there are some countries that insist that a person possessing Crypto Currency should pay taxes depending on the amount of Crypto they have but it is really hard to implement this kind of ruling and Crypto Currencies are very volatile and imagine you are paying taxes yearly while your asset is not moving or progressing.

Stupid idea,just because the government cannot prove you are holding coins meaning you will not obey the rules?i dont know what kind of people we are having right now here

We are obliged to oay taxes in every profit we made put that on mind,even if they cant prove it but your conscience will tell you to do so

Yeah, rules are rules and it should be obeyed by any citizens of a particular country especially if they are law-abiding citizens that respect the rules and regulations of their countries. I guess some people are becoming so greedy and only think about themselves and does not think about other people. But still, it is up to the person in any country to pay their taxes or not and they already know what right or what is wrong.

[gribble]

I think we have paid the tax because when we do withdrawal to fiat money from the the market, they have paid the tax for the government be collectived by the market of course small amount of tax, so our money is clean. That was my experience and i think all of regulation around the world is same and in my own personal opinions it is money 10% because we have paid the tax via market.

You have a point about that but there are some countries that insist that a person possessing Crypto Currency should pay taxes depending on the amount of Crypto they have but it is really hard to implement this kind of ruling and Crypto Currencies are very volatile and imagine you are paying taxes yearly while your asset is not moving or progressing.

That's bad if there are some countries apply the tax for the bitcoin while our assets is not moving or progressing, do you can give us more information about it? It will make clear to be discussion on here. Which are the countries that apply tax for our assets in cryptocurrencies. For the people who live at there they must increase financial intelegent if they won't losing their money in cryptocurrencies.

[xvids]

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 think it depends on them ,
For example what if it is really against the rules in their country?
Then you are telling them to break the law,
I think paying for your crypto isn't a bad thing specially if it is just a small amount to pay,
And besides if you could continue earning from it then the rax that you are paying is just a small amount compare for your freedom.