Quote from: Emoclaw on July 15, 2017, 07:11:08 AM

If you sell Bitcoin for Fiat, then you have to pay taxes.

If you didn't buy some bitcoins then nope. You pay taxes on the profits made from buying and selling only

Quote from: iram1011 on July 18, 2017, 01:15:17 AM

However, taxation on bitcoins and its reporting is not as simple as it seems. For starters, it is difficult to determine the fair value of the bitcoin on purchase and sale transactions. Frequent traders and investors could use "first in, first out" (FIFO) or "last in, first out" (LIFO) accounting techniques to reduce tax obligations.

Not difficult, you know how much dollars you injected and how much dollars you receive from sales. It's up to people to keep track records of the money spent to buy

Quote from: GreenBits on July 19, 2017, 02:32:08 PM

Well bitcoin kinda is already taxed, but only for US citizens, and only after you convert it to a Fiat currency. So we kinda have to deal with the high fee situation and the capital gains tax situation, but I will concede that most likely, virtually no one is paying proper bitcoin tax. I use the Shift card that Coinbase offers; I'm subject to sales tax on my bitcoin purchases, which is interesting.

Bitcoin is taxed not only in the US, there are several countries as well. Is no one paying taxs on Bitcoin? There are a loooot of people and companies paying those taxs. And trying to avoid to pay those is the same as looking to cheat the country, the population, own friend, family, etc. If people cheat the taxs then they shouldn't be eligible for a lot of things in their own country

Quote from: jpoker272727 on July 19, 2017, 02:23:56 PM

Miner fees are much better than taxes. As you know government taxes are more than miner fees. So it is better that bitcoin is taking fees on transactions etc by miners. I would prefer that miners fees are much better than taxes. Taxes would decrease the demand of bitcoin in a market. If there is no demand how bitcoin will run?

You have to pay taxs on food, do you see a decrease of food market/demand?