Quote from: mrkevio on January 02, 2017, 11:25:47 PM

Quote from: coinplus on January 02, 2017, 07:49:53 PM

Quote from: BeManga on December 31, 2016, 12:40:37 AM

Quote from: Jemzx00 on February 11, 2016, 03:40:17 PM

Since bitcoin is an internet currency that can be turn into a actual money. And Bitcoin too is known on Government but still government can't observe bitcoin that good. So I'm thinking if Bitcoin has tax??

Edit:
Now I know that bitcoin doesn't have tax but Transaction does..
Where do these Tax go?Government? And what kind of tax is it??

if you talking about tax in the country it goes in the goverment to develop the country
but in bitcoin the tax is the transaction fee and it goes to miner

The best thing about bitcoin is that it has nearly no taxes and if there is one they are so small so we dont even notice it, and I believe if at some point people start using bitcoin in real life transaction and make a lot of money with it governments will start imposing taxes on those who earn a lot from it, because you cant earn $10000 and not pay anything.

And.. doesn't that affect our anonymity? Isn't this one of the reasons we're here right now for? If I wanted to be identified by anybody I'd use some other very popular payment methods I can use like everywhere around us. For using Bitcoin I need to go in another country because mine doesn't have like any service you can pay with BTC at. I understand companies need to be taxed (e.g. Microsoft gets their BTC earnings taxed), but not our private wallets.

If you have a serious amount of coins sitting in your wallets, and you declare these holdings when filling in your yearly tax reports, then they will definitely make you pay tax over what you hold in Bitcoin. As long as you don't declare any of your holdings, the government won't find out, and thus you end up escaping from paying tax. That's how it should be done.