Ninjastic
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Re: How do I avoid tax on crypto
by
stomachgrowls
on 30/01/2018, 18:29:15 UTC
Quote from: Kprawn on January 25, 2018, 03:13:39 PM
Quote from: Franke666 on January 25, 2018, 03:03:48 PM
If I make money on crypto currencies. How do I avoid as much tax as possible?

Bitcoin is a currency, not some solution to avoid paying taxes. The moment when people start using Bitcoin or any other

Crypto currency as a method to avoid paying taxes, then the government will step in and ban it. I would much rather pay the

taxes and be done with it, than sleeping with open eyes, waiting for the Police to raid my house in the middle of the night.

That is no way to live your life... rather pay those taxes.  Wink
I don't know why do people bother themselves on thinking that cryptocurrencies is the best way to avoid taxes.Just like being said this is not being created for solely on avoiding taxes but somehow it do have the features which you can actually do this thing but for a sensible citizen of a certain place you would really need to pay taxes.If you would really avoid and then suddenly being caught by them then fore sure you would end up behind bars.