Bitcoin should be taxed

[Shasha80]

as i know bitcoin is not legal currency in my country, even many countries it's not yet considered a legal tender,
the government does not have the opportunity to collect taxes in any way,
even if it is legal, it will be very complicated for the government to collect taxes

To be able to impose taxes on Bitcoin users, the country must first legalize Bitcoin. But the fact is that there are still many countries that still reject
Bitcoin, so most Bitcoin owners don't pay taxes to my knowledge. Even in my country where the government has legalized Bitcoin, even though it is
only a digital asset, it is still difficult to impose taxes. Actually it is not easy to impose taxes on something that cannot be controlled like Bitcoin,
but there are also some countries that have succeeded in imposing taxes on Bitcoin users. So in the end it all depends on the rules that each
country applies, because every country has different rules for Bitcoin.

[TimeTeller]

as i know bitcoin is not legal currency in my country, even many countries it's not yet considered a legal tender,
the government does not have the opportunity to collect taxes in any way,
even if it is legal, it will be very complicated for the government to collect taxes

To be able to impose taxes on Bitcoin users, the country must first legalize Bitcoin. But the fact is that there are still many countries that still reject
Bitcoin, so most Bitcoin owners don't pay taxes to my knowledge. Even in my country where the government has legalized Bitcoin, even though it is
only a digital asset, it is still difficult to impose taxes. Actually it is not easy to impose taxes on something that cannot be controlled like Bitcoin,
but there are also some countries that have succeeded in imposing taxes on Bitcoin users. So in the end it all depends on the rules that each
country applies, because every country has different rules for Bitcoin.

Of course, a lot of us are still not paying taxes here from crypto earnings.
Because most countries don't have their regulations in place towards crypto.
So enjoy the moment while you can still freely enjoy tax-free earnings.
Maybe, we will see how El Salvador will formulate tax laws on bitcoin as it is soon to be legal tender on their country.

[Robinson66]

For the US Internal Revenue Service, this part of the income comes from Bitcoin assets and has been converted into non-Bitcoin assets, such as cash or goods and services.
  The bitcoin assets you hold do not need to be taxed (at least for now), but as long as you use bitcoin to sell bitcoin or buy other things, there will be a tax return.

[molsewid]

Of course, a lot of us are still not paying taxes here from crypto earnings.
Because most countries don't have their regulations in place towards crypto.
So enjoy the moment while you can still freely enjoy tax-free earnings.
Maybe, we will see how El Salvador will formulate tax laws on bitcoin as it is soon to be legal tender on their country.

Here in my country cryptocurrency is not considered as a legal tender but what good about it is that the government didn't announce it illegal too so in short I am enjoying now the privilege of earning while there's no hidden charges deducted on my earnings. So far I am enjoying because the tax imposed here in my country was set so high but you would only see that the government body didn't used it in a wise spending or in short corruption circulates all the way. I didn't think so how the government could set a regulation to imposed taxes on crypto earners however I didn't set aside the possibility of this scenario one of these days.

[ivankoh]

For the US Internal Revenue Service, this part of the income comes from Bitcoin assets and has been converted into non-Bitcoin assets, such as cash or goods and services.
  The bitcoin assets you hold do not need to be taxed (at least for now), but as long as you use bitcoin to sell bitcoin or buy other things, there will be a tax return.

Bitcoin has been included in tax laws for countries that accept bitcoin as a net asset listed in the money source category.  Some of my friends in the US say the bitcoin/crypto tax is around 19%, apart from being tested and strictly followed, the tax laws make no sense when you just buy and hold them but you let them.  Go change and transaction, it will be taxable.  Country-by-country regulatory compliance for bitcoin would be a good indicator of how bitcoin has evolved into a particular quantifiable standard.  But that doesn't mean the US will be able to improve legislation that imposes increased taxes on cryptocurrencies that risk the balance - raising $28 billion in crypto investment. Lol

[Sweetbtc]

I think bitcoin should be taxed and legal in all countries but the ratio of tax should be very small . in this way bitcoib can be legal in most countries and also this tax will used for development of countries which can produce positive idea toward bitcoin.

[Shasha80]

To be able to impose taxes on Bitcoin users, the country must first legalize Bitcoin. But the fact is that there are still many countries that still reject
Bitcoin, so most Bitcoin owners don't pay taxes to my knowledge. Even in my country where the government has legalized Bitcoin, even though it is
only a digital asset, it is still difficult to impose taxes. Actually it is not easy to impose taxes on something that cannot be controlled like Bitcoin,
but there are also some countries that have succeeded in imposing taxes on Bitcoin users. So in the end it all depends on the rules that each
country applies, because every country has different rules for Bitcoin.

Of course, a lot of us are still not paying taxes here from crypto earnings.
Because most countries don't have their regulations in place towards crypto.
So enjoy the moment while you can still freely enjoy tax-free earnings.
Maybe, we will see how El Salvador will formulate tax laws on bitcoin as it is soon to be legal tender on their country.

I am very grateful for the current situation, where I can still make money from crypto without paying taxes. That's not because I violated my obligation
to pay taxes, but indeed my country has not imposed taxes for cryptocurrency owners. I agree with you, it is possible that El Salvador is an example
for other countries that want to tax Bitcoin owners. Because currently El Salvador is one of the countries that legalize Bitcoin as a legal tender,
so they will regulate Bitcoin in order to get tax from Bitcoin.