Quote from: Maesters1- on October 19, 2016, 05:23:20 AM

Quote from: RodeoX on October 13, 2016, 01:48:15 PM

Quote from: omer_parvez on October 13, 2016, 05:59:55 AM

thank you very much for al of your responses and i really do appreciate this because i was really curious about the taxation because its a punishable crime to not pay the taxes so i guess i am now satisfied and will liquify more money and turn in to bitcoin cause hey its tax free and who wants to pay taxes

What country do you live in that does not tax bitcoin?

i think most of the countries have no tax on bitcoin, and the reason is that bitcoin is not yet legalize by any state and there is no poly of any country to impost tax on illegal items, and therefore there is no tax bitcoin in most of the countries.

There is absolutely no question that capitol gains taxes apply in the U.S. And here you owe on all income, even illegal income, which BTC is not. Below is an Illinois tax stamp for weed. Fail to get a tax stamp and you can be charged for tax evasion as well as possession.