Get ready for more tax. Save your BTC!

[MCobian]

Many people don't realize that after the corona virus crisis ends there will be another disaster waiting. Almost all countries print money,
and its effects will be felt after the crisis is over. The government will definitely raise taxes, because it's the fastest solution to make
the economy stable again.Therefore it is better from now that we collect bitcoin or move all our wealth into bitcoin. Because only bitcoin
which is not taxed.

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[snipie]

Many people don't realize that after the corona virus crisis ends there will be another disaster waiting. Almost all countries print money,
and its effects will be felt after the crisis is over. The government will definitely raise taxes, because it's the fastest solution to make
the economy stable again.Therefore it is better from now that we collect bitcoin or move all our wealth into bitcoin. Because only bitcoin
which is not taxed.

Reducing army spending can cover all the damage caused by the coronavirus disasters, but no one will do it!
Some countries who don't produce oil are profiting from its low price and the reduce of its consumption due to confinement, but they will keep the profits aside...
I am not an economic guy but rich and businessmen are getting richer while normal citizens are sinking. Taxes may rise but for sure everything will be paid by the hardworking gentlemen... BTC can be an option to avoid some harassment but people will rarely move an important part of their savings there...

[lienfaye]

Thats possible, they need to raise the taxes for business, employed people and overseas worker etc. In fact even now that the virus is still existing they already make a move by increasing the yearly philheath contribution (its a health insurance) of overseas worker and its compulsory, if you didnt abide then you cant go to other country to work unless you settle the payment together with the interest.

So instead of we can smoothly go back to our normal lives, another burden is coming because the government will increase the tax to restore their financial stability.

[OrangeII]

after the lockdown, the government wants to raise taxes? Well, that was suicide. however, some people have no income since the lockdown, or influence of COVID-19. many people are out and do not have jobs because of it. the government even urged to remain at home. I'm not really sure that they will raise taxes. however, just in case, I don't have much cash right now.

[Negotiation]

Due to this epidemic, the financial condition of all people is very bad You're right no one wants to pay taxes once the virus is gone How can people pay taxes to the government if they do not have enough income? It is up to the government to find a way to cure it. Taxes must be waived by everyone Also many do not have enough capital to save BTC in case they are suffering financially from all sides No one is ready to pay taxes in this situation.

[EdvinZ]

Yes, in this global crisis, the level of the economy will slide back a few years. Very difficult times may lie ahead. States will raise taxes to survive, and as a result, businesses will raise prices for their products and services. We need to find new ways to earn money and optimize our expenses.

[Latviand]

We see it everywhere. To counter that coronavirus disaster, governments are spending money like there's no tomorrow. Budget's deficit will rise to new heights, never seen before except during war times. In US and EU, debts are staggering. The Federal Reserve and the European Central Bank are printing money faster that I'm writing it. If you ask what's next, I'm afraid there's only one answer.

In most countries, governments will have no other choice but to raise taxes. They will have to be smart to avoid killing the economy, but they will need to bring more money to balance their budget (or more likely to reduce their operating deficit).

As I haven't paid any income tax since 1997, that's all right with me, but I urge all fellow Bitcoiners to organize themselves, and to plan ahead to avoid the worst...

Or could I be wrong? There will be no more taxes next year?

eventually you're right, but in the next 1-2 years i think governments will be primarily concerned about getting economic growth back on track. they won't want to hamper that growth with tax hikes.

the push to austerity will vary from country to country. the USA can print a few trillion dollars without anyone caring, hence the stark difference between american and european stimulus packages. high debt-to-GDP countries like greece, italy, and portugal are more urgent concerns.

then again, the november election could shake things up. if democrats take control of the senate and/or presidency, i could see them repealing trump's $1.5 trillion tax cut passed a couple years ago.

Probably, yes. After this pandemic, they will recover from its losses due to the covid-19 and they will surely make the taxes higher because of the huge budget that they've spent. People are really vulnerable especially those who don't have a budget for more than a month of quarantine because work are also suspended. The economy of the countries really dropped as soon as this pandemic is spreading in every part of the country, maybe because of the stock market that is really necessary to proceed. Don't tell me that some other countries are controlling their economy without any damaged, only China can do that and it is suspicious how they manipulated and maintain their economy when the covid-19 really originated from them.

[dragon695]

eventually you're right, but in the next 1-2 years i think governments will be primarily concerned about getting economic growth back on track. they won't want to hamper that growth with tax hikes.

the push to austerity will vary from country to country. the USA can print a few trillion dollars without anyone caring, hence the stark difference between american and european stimulus packages. high debt-to-GDP countries like greece, italy, and portugal are more urgent concerns.

then again, the november election could shake things up. if democrats take control of the senate and/or presidency, i could see them repealing trump's $1.5 trillion tax cut passed a couple years ago.


Probably, yes. After this pandemic, they will recover from its losses due to the covid-19 and they will surely make the taxes higher because of the huge budget that they've spent. People are really vulnerable especially those who don't have a budget for more than a month of quarantine because work are also suspended. The economy of the countries really dropped as soon as this pandemic is spreading in every part of the country, maybe because of the stock market that is really necessary to proceed. Don't tell me that some other countries are controlling their economy without any damaged, only China can do that and it is suspicious how they manipulated and maintain their economy when the covid-19 really originated from them.

I agree with you about the virus originating from China. and I believe they will pay for their cruelty. European countries are looking for evidence to accuse China and if this works, I believe China will soon collapse and things will get worse for the economy in Asia. This political battle will remain fierce for a long time and we should prepare for the worst. Not only will taxes be higher, we may have to prepare for WW3.

[AniviaBtc]

The government has no choice but to spend, we are just happy now that we receive some allowance from them but we did not realize that it will be taken unto us slowly, it's correct, they'll get it from our taxes and that's the sad reality.

The government does not have any option but to spend right now, no one from their citizen are working to pay for taxes ( for countries that is under a lockdown) and we as the citizen deserved to receive help from the government during times like this coz that is their duty, money can be earned again but the lives of many is more important right now. Products prices soon is expected to increase as we need to recover from our loss as soon as possible so we can start the normal life again.

For me, I think these taxes are the material for the economy of a country to retrieve all of its losses due to the damage this covid-19 brought to us. Citizens are required to pay taxes higher than before because of the governments support to them. Government that are responsible enough in helping its people during the pandemic should focus on sectors like agricultural so that they can have more supplies in stock market.

The important thing right now is to become safe and far from the virus because it is much more expensive if you're admitted in to the hospital so as much as possible, keep away from the virus and focus on the taxes that you need to pay after the quarantine had lifted up. Everything will go back to normal soon when we are all in the process of recovery.

No one is expecting this to happen so we just need to face the reality that this pandemic is existing in our time. Just continue to live and take care of the people that surrounds you everyday.

[Naida_BR]

Economic crisis all over the world is going to happen in 2020 and mostly it will be visible by September.
Taxes and other kinds of measures are going to be taken. As a result, the income of people is going to decrease and this is going to bring poverty again - same as it happened in 2009 when Leamann Brothers fall.

[Reid]

Wow! Thank you for reminding that.
I have never really thought about it.
Perhaps many of us did not.
We are thinking more of how to survive but yet we are forgetting what will come next.
Yeah, they might really do that.
Increase the tax to recover faster. This will happen mostly to countries which are in top. To keep up with that ranking.

[Darker45]

For sure, taxes will continue next year and the years to come. That is something anybody cannot totally avoid. Of course, there are a few special countries which do not need to impose income taxes to their citizens, but it does not mean that taxes are altogether erased. Taxes are imposed in so many ways. As a matter of fact, every product's price must have already a tax in it.

It would be insensitive of the governments to impose additional taxes to the people or to businesses just when they are beginning to recover from the losses and zero income due to the pandemic. It is simply untimely. If there is an increase of taxes due to the huge spending in line with the pandemic, it should be imposed later when the livelihood and business operations have fully recovered. 

[iv4n]

Wow! Thank you for reminding that.
I have never really thought about it.
Perhaps many of us did not.
We are thinking more of how to survive but yet we are forgetting what will come next.
Yeah, they might really do that.
Increase the tax to recover faster. This will happen mostly to countries which are in top. To keep up with that ranking.

Some countries will rise taxes no doubt in that, in some countries people already have regulations about crypto and people pay their taxes on crypto. In my country there're no laws about crypto for now, and I don't pay taxes on that, I pay regular tax and I can't avoid that! But we all have to think about the future, and for sure each of us should have some stash in crypto, somewhere hidden, to not pay anything on that, just to keep it safe and to use it only in emergency, in any way that stash will stay safe for future!
I think that now we can't deny all other alts, so save you bitcoins and your alts, when regulation comes governments will try to take coins from us. They didn't do anything to help us in all these years, why would we give them anything?!

[Lorence.xD]

That is the most rational thing that any government should do, maybe raising the taxes is a good thing, we really need that recovery since the pandemic made a halt in economic function. Sure it can cripple people when there is a sudden tax raise but I think that it is up to the government on how they will approach it. I agree that reserving your bitcoin is a good thing because at the very least, you will have a safe haven to go to when things get tough.

Besides, people should not complain about tax because those taxes you hate are the stimulus packaged that helped you in the time of pandemic, that is just my opinion though, so feel free to disagree.

[Assface16678]

When the pandemic outbreak coronavirus becomes active there are a lot of countries and people getting affected because some of them make a hoarding to the things they need on their houses to survive into a long quarantine which hits and make a huge impact to the economy like the recent problem into other countries which is hoarding a lot of toilet paper and by that it cause of inflation that increases the market price of this product and makes a lot of additional taxes it is not quite fair because what happen to the people cannot afford those kind of items.For having a pandemic outbreak I think the use of the bitcoin is just use for other platforms but for now I think it is quite hard if they are trying to adopt the use of the bitcoin transactions because it makes a lot of paper before it will legalize into a country but still we are looking forward that many people will use this kind of payment transactions.

That is the most rational thing that any government should do, maybe raising the taxes is a good thing, we really need that recovery since the pandemic made a halt in economic function. Sure it can cripple people when there is a sudden tax raise but I think that it is up to the government on how they will approach it. I agree that reserving your bitcoin is a good thing because at the very least, you will have a safe haven to go to when things get tough.

Besides, people should not complain about tax because those taxes you hate are the stimulus packaged that helped you in the time of pandemic, that is just my opinion though, so feel free to disagree.

Also tax is part of the payment to the government which is will help though out the pandemic they used out taxes to buy a lot of things needed to fight into the outbreak still it depends on your government if this may give you a good service or not.

[Snappycoco]

Governments needs money to support the Covid response steps taken to mitigate the effects of the Virus. It is quite fair and useful because these budgets are for our own good and might be used as fuel to stop the virus.

[RealMalatesta]

Taxes are some of the biggest dilemmas in the whole world, and that makes me really sad. Normally why do people get taxed?
Well, because they pay taxes to get something in return. When you get robbed and cops show up, do you pay for them? No. When your house gets burned down, you call firefighters, do you pay them? No.

Well, for some reason there are lines in nations and all nations have different lines, some have free healthcare while others don't, some have free education while others don't, some have UBI (rare) and welfare while many don't. Basically, taxes should be used for goodness of the population. However, the most common thing you can hear from people is that their taxes do not go back to them directly and usually some people take their taste first, which is why they hate taxes, and that saddens me.

[imstillthebest]

the money that they spent is not even came from thier own pockets but it came from peoples wallets via tax so why not worry for them ? and you said they are printing money fast so this is another reason to not worry . all of this help are free because most people dont have jobs  . lets try not to think the outcome after this but lets just enjoy living a less stressful life inside our house without working .  bitcoin is a good way to avoid tax too so ur suggestion of keeping btc for use is cool

[fiulpro]

If they raise the Taxes , people will starve , they don't even have enough to eat for the time of quarantine , I do think if they do this then sooner or later people will overthrow the government.
Only rich people should be paying taxes are a time like this , why bother the poor when they are right now living marginally. Government needs to understand that they cannot keep their economy stable after causing harm to the general population.
They need to focus on recovery first , not on the economy , it is important but more important is taking are of the people who elected the government.

[freedomgo]

If they raise the Taxes , people will starve , they don't even have enough to eat for the time of quarantine , I do think if they do this then sooner or later people will overthrow the government.
Only rich people should be paying taxes are a time like this , why bother the poor when they are right now living marginally. Government needs to understand that they cannot keep their economy stable after causing harm to the general population.
They need to focus on recovery first , not on the economy , it is important but more important is taking are of the people who elected the government.

People will starve? its not gonna happen, they will not just raise taxes right away, it will be carefully plan but we can expect a taxes will be taxes, it could be in a staggered basis until the economy will fully recover the funds they've spend during the economic crisis.