Ninjastic
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Re: do i have to pay tax on bitcoins ?
by
virasog
on 14/10/2016, 10:30:52 UTC
Quote from: crairezx20 on October 13, 2016, 04:31:11 PM
Quote from: Superbitzz on October 13, 2016, 10:41:20 AM
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
yes that is right say you can buy more and more bitcoin and can hold it for a long time tell yo wan to keep, as there is no tax on bitcoin and no one has to pay tax on bitcoin tell the government impose tax on it.
Yeah there is no tax in bitcoin and only fees for transaction you should pay unless if you are using online wallet like coinbase that do not need to pay for transaction fee..

However, if your experience over the past year with Bitcoin has put two brand new cars in the driveway, then you are going to have to deal with the taxes.  Either way, watch your paper trails and keep your head down. There is a storm coming.