Bitcoin tax makes no sense

[MinoRaiola]

These are my own reasons:
If fiat can be in bank and no tax for spending it, I also think taxing crypto is making any sense. Another thing is that if someone is losing money from crypto, why do the government not pay the person the tax gained from people that make money from crypto? I always think that they governments are only looking for all possible means to earn money from citizens through taxes.

What is your opinion about this?

The fiat money in the bank has already been taxed, and that is not enough. The government is responsible for inflation and that continues to rob people and their money. So first come the taxes, and when all been paid, then inflation. In the end, perhaps even fees for everything you own. That is a dramatic view of it, but the government takes a lot. Bitcoin is a way out of this system, no one can take it from me, unless I make a mistake.

[nemesis_incarnate]

The fiat money in the bank has already been taxed, and that is not enough. The government is responsible for inflation and that continues to rob people and their money. So first come the taxes, and when all been paid, then inflation. In the end, perhaps even fees for everything you own. That is a dramatic view of it, but the government takes a lot. Bitcoin is a way out of this system, no one can take it from me, unless I make a mistake.

That's not a dramatic view. It's the truth. The drama in it that Gov won't make BTC an alternative to their own ways, because they don't want to lose people and tax money

[MinoRaiola]

That's not a dramatic view. It's the truth. The drama in it that Gov won't make BTC an alternative to their own ways, because they don't want to lose people and tax money

I didnt want to made drama, but yes, it is the truth. People work hard, and they taken away from them. It is not fair, and I dont think it has been fair for many generations in the past. I dont think it will be fair in the near future, the people behind it are making the decisions, and that is not the best option. Greed is driving it, unfortunately, in a negative way.

Its not all bad, but there are many things that need to be improved so that people around the world can develop more quickly. It is a difficult topic, I think Bitcoiners have understood a lot of things correct and want to break free from this system. We are all smart.

[FortuneFollower]

I didnt want to made drama, but yes, it is the truth. People work hard, and they taken away from them. It is not fair, and I dont think it has been fair for many generations in the past. I dont think it will be fair in the near future, the people behind it are making the decisions, and that is not the best option. Greed is driving it, unfortunately, in a negative way.

Its not all bad, but there are many things that need to be improved so that people around the world can develop more quickly. It is a difficult topic, I think Bitcoiners have understood a lot of things correct and want to break free from this system. We are all smart.

They don't have the people's interest in mind. They care only about the entity they belong to, and people -they keep that entity going, but not more than that.

[aoluain]

In my country Bitcoin and Crypto are classed as assets and so capital gains taxes are applied
to the profits made. That tax is currently 33%.

I'm not so sure about other countries but here that tax doesnt make any sense because the
government do not spend those taxes in a proper manner, there is no efficiency.

Everything is taxed, your salary is taxed and what is left over is taxed again when you purchase
something. So the amount of taxes collected by the government is extremely substantial and
still there are pressures in education, medical aid and healthcare and housing.

[john_egbert]

In my country Bitcoin and Crypto are classed as assets and so capital gains taxes are applied
to the profits made. That tax is currently 33%.

I'm not so sure about other countries but here that tax doesnt make any sense because the
government do not spend those taxes in a proper manner, there is no efficiency.

Everything is taxed, your salary is taxed and what is left over is taxed again when you purchase
something. So the amount of taxes collected by the government is extremely substantial and
still there are pressures in education, medical aid and healthcare and housing.

Show me one gov that does it effectively

[suzanne5223]

The tax information provided about Bitcoin holders is a clear statement that they never want the existence, and the mainstream use of BTC in the first place; it's just that there's nothing they can do to prevent it from happening, since they can't do anything to milk the BTC enthusiasts.
This is why they create the taxation that will not favor the BTC holders, and if care is not taken, more BTC enthusiasts will relocate to countries that are crypto friendly.

[jossiel]

This is why they create the taxation that will not favor the BTC holders, and if care is not taken, more BTC enthusiasts will relocate to countries that are crypto friendly.

Ever since tax has never been favorable to individuals. While we get some return through the government services that are also done to us.

But at most times, we're not getting the benefit from it and it's just slashing a big portion of our salary/profit.

Yet, we can't choose the better policies for us and we can be thankful that they're putting a tax in it instead of banning it.