Did Satoshi ever mention anything about the taxing of Bitcoin?

[imstillthebest]

I think satoshi never thought of bitcoin being used on a mass global level so there was no chance of him mentioned anything related to the taxes on bitcoin.

since his invention is a currency i think tax have also come to his mind and i think tax is also the reason on why he invent something like this . he also though that his invention will become a hit someday because bitcoin is something that people will use on a daily basis  .

The taxes are government specific and every government has the right to put different taxes on the transactions of bitcoin. But for this to happen, they will have to make bitcoin legal first.

yes its the governments job to apply tax but not all governments are requiring tax on bitcoin even if bitcoin is already legal on thier own country  .

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[SquallLeonhart]

Did Satoshi ever mention anything about the taxing of Bitcoin?

I doubt he did mention any about taxing Bitcoin. Satoshi is not part of any government bodies to taxation on Bitcoin is also not part of his plan.

All satoshi did was to create a tool for a particular purpose which we all know that it is for peer transaction, so if there is anything we can then make out of it, we are free. Many of us have made investment out of it and it is still working without it being stated in the whitepaper, and if bitcoin is taxable, then there is nothing wrong about government taxing it because it is against the law for anyone to evade tax.

Tax is a very compulsory thing and I believe that of satoshi is still alive he would also be paying his tax without defaulting. Bitcoin system is only going to go against third party involvement and that is why government needs to support full decentralization, if they do and then regulate it, it would be easier for them to tax easily in cryptocurrency.

[fiulpro]

The fact that he made something to fight off the government and to actually handle our things on our own , not without anyone else intervening , to be our own banks and to decrease the influence of the market regarding the big whales .
This is somehow against what a government could have wanted thus I think he never said anything about the taxation of bitcoins.
But taxation is actually good because it is considered a digital asset .. by the government.

[BTCbengi]

I think he doesn't want tax with Bitcoin at all. Initially he created it to help us solve a lot of taxes from government and local agencies out of our assets and our finances. However, tax is an indispensable thing for every country to operate stably and well. As for bItcoin, fees from transactions can be viewed as tax, which helps both the system and transactions work stably and smoothly.

[Finestream]

The fact that he made something to fight off the government and to actually handle our things on our own , not without anyone else intervening , to be our own banks and to decrease the influence of the market regarding the big whales .
This is somehow against what a government could have wanted thus I think he never said anything about the taxation of bitcoins.
But taxation is actually good because it is considered a digital asset .. by the government.

Yes.Satoshi created bitcoin to get away from government interruption so most likely,taxation never crossed his mind.But once the government will start legalizing bitcoin,tax will surely be collected from it.This is still good because taxes will be used for building more infrastructures that will be of great benefits for the people themselves.

[bryant.coleman]

I think he doesn't want tax with Bitcoin at all. Initially he created it to help us solve a lot of taxes from government and local agencies out of our assets and our finances. However, tax is an indispensable thing for every country to operate stably and well. As for bItcoin, fees from transactions can be viewed as tax, which helps both the system and transactions work stably and smoothly.

If you check whatever communication made by Satoshi during 2009-10, it is clear that he intended Bitcoin to act as a currency, and not as an investment asset. He hoped that in future Bitcoin will be accepted as a global currency and used by billions of people. But he probably didn't predicted that Bitcoin will be used more as an investment asset, and less as a currency. Now this complicates the whole thing. Currencies are not subjected to capital gains tax. If you do forex trading, a different type of tax is applied. So my guess is that Satoshi never thought about the taxation part, since he never thought that Bitcoin will become an investment asset.

[Lawrenzoo]

Did Satoshi ever mention anything about the taxing of Bitcoin?

So what is it exactly that you are insinuating, that bitcoin  users should never be taxed?

[lixer]

I think taxing of bitcoin is a new topic and I do not like the idea that we are stuck with what Satoshi's vision was, I can totally understand it for the first few years but he is no longer part of the project anymore and to be honest people decide the path bitcoin is taking and not satoshi anymore.

We do not have ethereum and vitalik type of connection which is honestly good, if vitalik comes out tomorrow and says he is no longer part of ethereum team and doesn't like it anymore then ethereum price will fall like crazy, bitcoin doesn't have that central figure that could ruin it in one day. So when moving to segwit for example we did it collectively and not just miners but exchanges and all other places using segwit address' as well.

Taxing is another issue we can handle collectively and not by some individual saying anything about it.

[fullhdpixel]

I think taxing of bitcoin is a new topic and I do not like the idea that we are stuck with what Satoshi's vision was, I can totally understand it for the first few years but he is no longer part of the project anymore and to be honest people decide the path bitcoin is taking and not satoshi anymore.

We do not have ethereum and vitalik type of connection which is honestly good, if vitalik comes out tomorrow and says he is no longer part of ethereum team and doesn't like it anymore then ethereum price will fall like crazy, bitcoin doesn't have that central figure that could ruin it in one day. So when moving to segwit for example we did it collectively and not just miners but exchanges and all other places using segwit address' as well.

Taxing is another issue we can handle collectively and not by some individual saying anything about it.

That would never be possible, because if you look at what the development of a country relies on, is it not strictly on taxes? The best way to fight cryptocurrency off the market is to make it fight tax. Government could still support cryptocurrency even if it will affect banks, but if it has to do with stopping the government from being able to get the one that really concerns them, then you should be ready to say a very big buy to crypto because the ban that will be placed on it will be bigger than the whole world lol.

I believe that even as a good citizen of our country, we should not evade tax even with the system of cryptocurrency because that is what will guard the future of our children, some of our children has gone to free school, courtesy of these taxes being paid.

[Pipdips]

Did Satoshi ever mention anything about the taxing of Bitcoin?

So what is it exactly that you are insinuating, that bitcoin  users should never be taxed?

This topic is just a discussion about the taxation of Bitcoin.

The way I see it is that the main function and service of governments is to tax people.  It is an interesting arrangement they have constructed.  The government has the people paying for them to build more laws and enforce more laws for taxing people and taking their money.  Then they employ people to keep taxing and building more tax laws.  Taxation is mostly against the people paying for it all, but the people do not realize it.  It is like a giant magic act, like pulling a rabbit out of a hat.

The only service that the government offers is to tax people and they also work to enact more laws for justifying more new taxes. That is what they are doing with Bitcoin...

[BitHodler]

I believe that even as a good citizen of our country, we should not evade tax even with the system of cryptocurrency because that is what will guard the future of our children, some of our children has gone to free school, courtesy of these taxes being paid.

It's not so much that most people purposely evade taxation, but because of Bitcoin they have a better understanding of economics, which makes them rethink the whole purpose of taxation.

I'm all for people paying tax over their profits, which I do as well, but some tax laws reek of legal theft. An example is being taxed over wealth that isn't being utilized. I can't think of anything that justifies the government to do this.

I can perfectly understand that thanks to Bitcoin people's holdings can easily be stored outside the baking system and therefore they choose to not declare anything of their long term hodl stack.

[Pipdips]

I believe that even as a good citizen of our country, we should not evade tax even with the system of cryptocurrency because that is what will guard the future of our children, some of our children has gone to free school, courtesy of these taxes being paid.

It's not so much that most people purposely evade taxation, but because of Bitcoin they have a better understanding of economics, which makes them rethink the whole purpose of taxation.

I'm all for people paying tax over their profits, which I do as well, but some tax laws reek of legal theft. An example is being taxed over wealth that isn't being utilized. I can't think of anything that justifies the government to do this.

I can perfectly understand that thanks to Bitcoin people's holdings can easily be stored outside the baking system and therefore they choose to not declare anything of their long term hodl stack.

I fully agree with what is being said.  The foundation of my trading work is to play by the rules and pay taxes but at the same time, with Bitcoin, I believe something new is at hand and paying taxes for Bitcoin 'ownership' is something I have decided to think twice about, and reconsider. I think Bitcoin is not real property like in real estate, and neither is it an idea or a unique concept like with intellectual property. Also Bitcoin owners are not share holders like with stocks.

Bitcoin is something different that is yet to be defined...

[pawanjain]

He would have definitely thought of tax when creating bitcoin since he had created bitcoin during the days of financial crisis in the stock market.
Not that he wanted to tax bitcoin but he had to eliminate the middle man interventing in his transactions and eliminating tax was just an additional benefit from his creation of bitcoin.
Satoshi was a smart guy. He had created bitcoin consciously and would have definitely kept tax in mind while doing so.

[raidarksword]

I think not because bitcoin was created for the ideology of having free from government and banks system not even from taxes as you mentioned in order to be free from middlemen that could make a lesser fee on every transactions unlike what banks implemented long ago before bitcoin even existed.

[Pipdips]

I think not because bitcoin was created for the ideology of having free from government and banks system not even from taxes as you mentioned in order to be free from middlemen that could make a lesser fee on every transactions unlike what banks implemented long ago before bitcoin even existed.

Satoshi never stated any position about taxes at all.  The fight is up to us, it is the People versus the Tax Man.

We the people have two choices: we can either get our acts together and stand together as the majority, or we can definitely count on having the imposing presence of the Tax Man and Wall Street outsmarting us.

It is time for the training wheels to come off and ordinary people need to unite and realize that taxes are an illusion.  Satoshi's vision lives on strong, but Satoshi is probably out of the picture today and can no longer hold our hands.

[breathlessz]

I think not because bitcoin was created for the ideology of having free from government and banks system not even from taxes as you mentioned in order to be free from middlemen that could make a lesser fee on every transactions unlike what banks implemented long ago before bitcoin even existed.

Satoshi never stated any position about taxes at all.  The fight is up to us, it is the People versus the Tax Man.

We the people have two choices: we can either get our acts together and stand together as the majority, or we can definitely count on having the imposing presence of the Tax Man and Wall Street outsmarting us.

It is time for the training wheels to come off and ordinary people need to unite and realize that taxes are an illusion.  Satoshi's vision lives on strong, but Satoshi is probably out of the picture today and can no longer hold our hands.

Each country's tax regulations are different, making it difficult for Satoshi to determine taxes that can be adopted by all countries. therefore the tax is determined by the government of each country. sathosi only focuses on bitcoin as an alternative payment tool

[guoyu78]

Satoshi never stated any position about taxes at all.  The fight is up to us, it is the People versus the Tax Man.

We the people have two choices: we can either get our acts together and stand together as the majority, or we can definitely count on having the imposing presence of the Tax Man and Wall Street outsmarting us.

It is time for the training wheels to come off and ordinary people need to unite and realize that taxes are an illusion.  Satoshi's vision lives on strong, but Satoshi is probably out of the picture today and can no longer hold our hands.

I do not support you, you can only fight against over taxing, not the taxing entirely, you want to leave in a country and not get taxed, then how do you want the government to continue to make your environment beautiful, how do you want them to establish those free education schools, so tell me exactly why you are against tax, it seem to you that you are tired of seeing those beautiful development surrounding you and you feel like going back to the village.

If you are not comfortable with tax, then you have so many countries that are lawless and not developing to go to, those ones would never bother you for tax, but the hardship you will suffer there is the one that will teach you a lesson. Before you call for scrapping of tax, you have to first understand exactly what tax stands for and what it does.

[Pipdips]

I do not support you, you can only fight against over taxing, not the taxing entirely, you want to leave in a country and not get taxed, then how do you want the government to continue to make your environment beautiful, how do you want them to establish those free education schools, so tell me exactly why you are against tax, it seem to you that you are tired of seeing those beautiful development surrounding you and you feel like going back to the village.

Yeah, I am just stirring up the pot, really, clearly I do not have much tax knowledge.  However, nobody needs it because the most glaringly tricky part of taxing Bitcoin is that it is not related to any one country.  It is a global "currency" or asset.  See what I mean?  Thus, Bitcoin is not ready to be taxed!

If all currencies around the world were eliminated and then all we had was Bitcoin, then, tax away...

[Betwrong]

The whole point of Bitcoin is to be a payment system beyond governments' control. I would be very surprised if Satoshi was spending his precious time contemplating on how governments could profit from it.

[The Sceptical Chymist]

You can have a look through all of Satoshi's writings here: https://satoshi.nakamotoinstitute.org/
And you can also have a look through all of his forum posts here: https://bitcointalk.org/index.php?action=profile;u=3

Awesome links, I'll have to browse through them when I get a chance.  Honestly, I think I've only read a handful of satoshi's posts on bitcointalk and that's about it.

He needn't have written anything about taxation, because he couldn't have known how governments would treat bitcoin, i.e., as an investment or as a currency.  It's a global thing, after all and each government can treat it however they like and the tax consequences would be different all throughout the world.  Satoshi did a momentous thing in creating bitcoin, and that's enough.  Why would he bother to speculate about tax?  I would imagine he'd thought about it, and he probably considered the probability of tax evasion, but hey....the man created bitcoin.

The whole point of Bitcoin is to be a payment system beyond governments' control. I would be very surprised if Satoshi was spending his precious time contemplating on how governments could profit from it.

Who knows.  I've always thought Satoshi isn't one man, but a government operation.  That's my tin foil hat talking, which I don't usually wear.  I've always thought it was extremely convenient that bitcoin was created right at the time when it looked like banks might fail completely due to the housing crisis of 2008.