Are you going to pay taxes on your Bitcoin profits?
Suppose you make a million dollars. Suppose you have already made a million dollars. Are you going to hand half of that cash over to the government? Of course, this is assuming you convert your coins into federally recognized cash. If your only intention is to amass a huge supply of Bitcoins, the question does not apply to you.
You're supposed to pay income taxes. It seems rather easy to get away with not doing it, though... at least in this case.
i will pay tax for the money i earn, the government need money to support the financial aid of the country and i am willing to support it even most or some of the officials are corrupt. i am not doing this for them, but for my mother land that i want to see in the future at its best. i dont want to see my country to stop on developing and making project for the better future.