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Author Topic: Get ready for more tax. Save your BTC!  (Read 1146 times)
pixie85
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May 16, 2020, 10:08:48 PM
 #101

If you didn't pay taxes, you probably don't know where they come from.

Baseless assumption. Do you always label people like that?

You don't work as a mechanic so you don't know where cars come from.
You don't have a cow so you can't possibly know how milk is made.

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People pay taxes to the state so that the state can function on these taxes, provide people with goods and everything in this spirit.

That's what they want you to believe.
bits4books
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May 19, 2020, 01:39:36 PM
 #102

Baseless assumption. Do you always label people like that?
I'm sorry I made a wrong statement here and I want to rephrase. I meant that if a person does not pay taxes , then he does not have any moral right to talk about where taxes go/what they are made of/etc. You do not pay taxes-OK.  But then do not tell everyone around that taxes are very bad and that we all need to stop paying them abruptly and go to the gray/black areas.

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That's what they want you to believe.
I just want to remind you that many of the things that we are now using were created initially in research centers/institutes/on the basis of universities - and all these things were conceived specifically for military, intelligence and other "army" purposes. With whose money? With the state's money. Where did the money come from? From taxpayers. Consider that taxes are a kind of hub for financing the necessary (not always but necessary) things.
Just remember where the Internet came from and why we are communicating here now.
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May 19, 2020, 10:09:50 PM
 #103

Taxes are not really a bad thing normally, it is the humanity and culture we live in. In many countries the culture is that taxes do not really go into your pocket back right away and there are cuts in between due to corruption and I don't know how it became something we as a whole world decided is fine. Do you really think that every single cent you pay go back into helping you out back?

I mean I know you know there are a lot of times the money you pay as taxes goes into stuff that hurts you like bribes and corruption and so forth that helps out certain people and not the country as a whole. If we could stop that, find a way that corruption stops and all taxes goes to helping people, I am 100% sure you would be fine with taxes and would be even more willing to pay it.
Another problem that people have with taxes is that the majority of that money goes to make the government bigger and more intrusive and not to fixing the problems of the country, in my country the government is huge and ask a lot of money from the taxpayers and a significant amount of that money goes to pay the employees of the government, when I am sure that the government could function with only 10% of that personal and no one will notice a decrease on the quality of the services offered.
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May 19, 2020, 11:15:36 PM
 #104

despite that, I think next year will be the year of suffering if people will not be conditioned to live with it as the economy continue to suffer in different parts of the world tax will not be the only issue we have to expect more.
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May 20, 2020, 05:53:06 AM
 #105

Financial crises inevitably lead to higher taxes. The economy of a state is a fairly complex system and everything in it is interdependent. You need to become more economical in this difficult time and try to increase your income. And remember, what you economized, you actually earned it. 

pixie85
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May 21, 2020, 12:49:05 AM
 #106

Baseless assumption. Do you always label people like that?
I'm sorry I made a wrong statement here and I want to rephrase. I meant that if a person does not pay taxes , then he does not have any moral right to talk about where taxes go/what they are made of/etc. You do not pay taxes-OK.  But then do not tell everyone around that taxes are very bad and that we all need to stop paying them abruptly and go to the gray/black areas.

This I have to agree with, although I have long accepted that I cannot decide where the taxes go and how they are spendt so it's fine.
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That's what they want you to believe.
I just want to remind you that many of the things that we are now using were created initially in research centers/institutes/on the basis of universities - and all these things were conceived specifically for military, intelligence and other "army" purposes. With whose money? With the state's money. Where did the money come from? From taxpayers. Consider that taxes are a kind of hub for financing the necessary (not always but necessary) things.
Just remember where the Internet came from and why we are communicating here now.

Are you trying to say that taxes are the only way of financing research?
What about donations, fundraising and all that stuff?

Does that mean state-owned research facilities are the only ones in existence?
What about private institutes, private universities.

The government has money from many sources not only from taxation. Many countries make most of their money from trading natural resources and tourism.
Natalim
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May 21, 2020, 02:02:25 AM
 #107

taxes will probably go up for next year in all countries because of the crisis due to the coronavirus that must be experienced in almost all countries to restore the economy of a coronavirus. all countries that who uses cryptocurrency will be charged this would probably take effect next year as a result of the pandemic global all countries expect to recover gradually to return to restore the economy.

If the government raises taxes, it will simply destroy the economy. The business has suffered very large losses as a result of the quarantine and it will take a long time to recover to the level it was previously. The government's task in such circumstances is to help business, not finish it off.

They can raise taxes but it should be properly evaluated, and it should be a justified rate that people in the middle and especially in the lower classes can still live a quality life, that's their job, people have already suffered due to the increasing unemployment rate, they don't want to add more burden to the people.

bits4books
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May 22, 2020, 01:38:55 PM
 #108

Are you trying to say that taxes are the only way of financing research?
What about donations, fundraising and all that stuff?
Does that mean state-owned research facilities are the only ones in existence?
What about private institutes, private universities.
No, I just want to say that being a group of researchers from a NASA has a lot of state money. They will never collect them via fundraising. That’s why government researchers are richer than a group of independent young scientists. The fact is that research is not always successful the first time and the most "terrible" state forgives mistakes when private investors can just put you in jail for the fact that their money did not pay off.
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The government has money from many sources not only from taxation. Many countries make most of their money from trading natural resources and tourism.
But very few countries from the "first world" or "developing" can live only on tourist and resource income. You can't just pump oil and Venezuela has shown us this. Taxes on ordinary people and companies make up the big share of budget revenues.

I just want to say that any statement similar to the beginning of this thread is the statement of either a not very smart person or a very young (and also not smart) person. The economic life of the state is much more complicated than people often think. And then these people are crying that the state does not give them anything and blames gov for all the troubles.
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May 22, 2020, 08:27:55 PM
 #109

As I haven't paid any income tax since 1997

As I haven't paid any income tax since 1997
You are 22-23 years old and you are unemployed, am I understand correctly?
For example:
- everyone in the country is getting sick
- the country begins to have problems with financing the health system
- the gov starts having problems with assistance to victims
- the gov of the country begins to have problems with money because the gov uses money to cure everyone
If you didn't pay taxes, you probably don't know where they come from. People pay taxes to the state so that the state can function on these taxes, provide people with goods and everything in this spirit.
If the money runs out and they are needed - gov will print (the printer makes brrrrr) more money to help their own citizens.
Citizens who feel the support of the state understand that all this is done on their taxes (they did not pay them for nothing) and they are at least a little but still morally ready for the fact that now the crisis will begin (has already begun) and they will have to tighten their belts.

We print money after which we recover and start to get out of the crisis (very rough chain but you understand me). If we decide to raise taxes - then we start with the strongest and put on the shoulders of our giants some obligations to help us (in the future it will pay off) and so to the very bottom and it is not a fact that we will get to the bottom.
It takes some time for us to get out of the crisis and then reduce taxes by the previous amount or even less because the time after the crisis is a time of rapid recovery and development.
Question - what is wrong here and why do you not pay taxes at the age of 22-23? If you do not pay then you do not have a moral right to any public goods that everyone else has a right to.
/thread

Don't imagine, you have no imagination.
I paid income tax in 1997 and the years prior.
I'm proud to say I'm financially independent, without any need for public help. The world would be a better place if everybody was like me.

I used to be a citizen and a taxpayer. Those days are long gone.
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May 23, 2020, 05:27:35 AM
Last edit: May 23, 2020, 06:12:48 AM by Reatim
 #110

taxes will probably go up for next year in all countries because of the crisis due to the coronavirus that must be experienced in almost all countries to restore the economy of a coronavirus. all countries that who uses cryptocurrency will be charged this would probably take effect next year as a result of the pandemic global all countries expect to recover gradually to return to restore the economy.

If the government raises taxes, it will simply destroy the economy. The business has suffered very large losses as a result of the quarantine and it will take a long time to recover to the level it was previously. The government's task in such circumstances is to help business, not finish it off.

They can raise taxes but it should be properly evaluated, and it should be a justified rate that people in the middle and especially in the lower classes can still live a quality life, that's their job, people have already suffered due to the increasing unemployment rate, they don't want to add more burden to the people.


I think they must focus in Online businesses that can barely received taxation because they are the one who's getting more profit now while saving from taxes just like now me and my family are ordering too many foods and items over online seller but they are not regulated by the laws.

I know that this must be implemented for the reason that government needs income now but this must be according to the deserving businesses .

or better evaluate all the establishments and give necessary increase depend on their profiteering now.

Put taxes to:

- Canned Goods since they are in demand now but for manufacturer only and don't put in consumer as they can at least give a little favor to the much needed

and other businesses near this example.

-

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May 23, 2020, 03:48:51 PM
 #111

Increasing taxes after the crisis could be best option for government to recover expenses and bring back economy to life, because most ongoing projects are postponed and funds are focused on combatting the Pandemic. We should be prepare for it, otherwise prepare for worst economic depression.

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May 24, 2020, 10:01:52 AM
 #112

despite that, I think next year will be the year of suffering if people will not be conditioned to live with it as the economy continue to suffer in different parts of the world tax will not be the only issue we have to expect more.

I know right? In our country, the government are planning to tax Netflix and other streaming services. Just imagine putting tax on YouTube and Facebook which is literally free to use, I do understand the problem but one of the things people go to this quarantine would be taxed, I think that is a bit too much.

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May 24, 2020, 10:56:04 AM
 #113

taxes will probably go up for next year in all countries because of the crisis due to the coronavirus that must be experienced in almost all countries to restore the economy of a coronavirus. all countries that who uses cryptocurrency will be charged this would probably take effect next year as a result of the pandemic global all countries expect to recover gradually to return to restore the economy.

If the government raises taxes, it will simply destroy the economy.
They will be careful with doing this, if the economy is destroyed, the government will be destroyed as well.
raising taxes could be the solution to increase the revenue of the government, but it has to be carefully plan that it's not gonna be a burden for the people.


The business has suffered very large losses as a result of the quarantine and it will take a long time to recover to the level it was previously. The government's task in such circumstances is to help business, not finish it off.
True, but taxes or increasing taxes is not for finishing the business, we have to remember that no tax are paid if there is not business.

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May 24, 2020, 01:41:22 PM
 #114

I don't think that they'll increase the taxes beyond a certain limit. They can't, as the people will get angry. What they'll do is, they will print banknotes without any control. This will cause the devaluation of the national currency and increase the inflation rate. And naturally, ordinary people will flock to invest in stable assets, such as bullion and probably cryptocurrencies such as Bitcoin.
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May 24, 2020, 02:48:54 PM
 #115

I think government will not implement tax increase next year or after 2 years just to help the economic problem,instead they will focus on how to recover the economy through agriculture,industrial and tourism. Maybe it is not easy but i believe government will do everything for economic growth without giving difficulties to the citizens throgh implementing higher taxes.

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May 24, 2020, 06:25:16 PM
 #116

I think government will not implement tax increase next year or after 2 years just to help the economic problem,
I believe that taxes can help the government reduce a countrys financial burden, especially for developing countries. But this increase must be a reasonable percentage so it does not invite other polemics.

instead they will focus on how to recover the economy through agriculture,industrial and tourism. Maybe it is not easy but i believe government will do everything for economic growth without giving difficulties to the citizens throgh implementing higher taxes.
I do not know what is best for the government to implement to restore economic conditions. Taxes, oil and electricity prices are the most accessible choices and they will also make adjustments to other sectors such as agriculture, industry and tourism.

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May 24, 2020, 07:55:54 PM
 #117

Generally I agree with you. After the crisis it's completely possible to see governments trying to increase tax value. Or even try to reimbursement of budget deficit by taking money from rich people with other possible ways. We all the the crisis damaged the economy systems but in my own idea they should try find other ways than taking more money from people.

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mersal
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May 24, 2020, 08:46:59 PM
 #118

Even when the crude oil prices touched the bottom my country increased taxes on the petroleum products, noticed minor increase on the taxes for tobacco and liquor products as well so the process has been already started when people are crying out for foods.Well play by the governments. Angry
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May 24, 2020, 10:50:54 PM
 #119

Even when the crude oil prices touched the bottom my country increased taxes on the petroleum products, noticed minor increase on the taxes for tobacco and liquor products as well so the process has been already started when people are crying out for foods.Well play by the governments. Angry

The government could easily increase on products like tobacco and liquor but not on the basic needs.
In our country, when the tax was significantly increase on liquor, cigarettes, and beverages, people just feel it temporarily and still they are buying.

But if its the basic needs that will increase due to taxes, their, we might see some chaos because at the situation now where a lot of company closes and leads to unemployment, it's not possible to happen.

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May 24, 2020, 11:38:18 PM
 #120

Even when the crude oil prices touched the bottom my country increased taxes on the petroleum products, noticed minor increase on the taxes for tobacco and liquor products as well so the process has been already started when people are crying out for foods.Well play by the governments. Angry

The government could easily increase on products like tobacco and liquor but not on the basic needs.
In our country, when the tax was significantly increase on liquor, cigarettes, and beverages, people just feel it temporarily and still they are buying.

But if its the basic needs that will increase due to taxes, their, we might see some chaos because at the situation now where a lot of company closes and leads to unemployment, it's not possible to happen.

In our country the government already have a bill regarding on additional taxes on tabacco and cigarettes this was called sin tax law which cause the price of the said product became more expensive and this is good initiative since it could make people away from their vices.

But hopefully they will not look on adding more tax on basic need since as you said we might gonna go on worse case scenario since many people will struggle on their daily life, the current price right now is so expensive and how much more if they think about adding a additional tax with it.

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