Post
Topic
Board Legal
Re: Should we pay taxes on Bitcoin?
by
cryptocommoner
on 05/02/2018, 19:45:24 UTC
Why not pay if we are required to do so? right? We should pay taxes not because we have to or we need to but because we want to help street children, and a children that cannot afford to go to school or old people that has a high maintenance of medicine. In that way, we are helping the government as well as our neighbor.

Really? Are you that brainwashed to believe it or you're just inexperienced and don't know what's going on around you?
What you're quoting is the foundation of the system, the reason why it was created, but it's not how it works nowadays. Once you realize that your local taxes are helping your neighbor, but your federal taxes help finance wars, build bombs, pay for luxury cars and plains for politicians, you will start looking at things differently.

You should pay the taxes if your country government has taxation system for crypto currencies.But many developing countries don't have any taxes yet for the bitcoins so you no need to pay any taxes you just can pay the income taxes which is supposed to pay annually if you earn more than the country limits.

Not only developing countries but all countries. There are no countries that require you to pay taxes for holding coins in your wallet.
You buy fiat - you pay taxes. It's reasonable.
You don't buy fiat - you don't owe them anything!


Exactly!  If you do not sell your BTC, you do not have to pay taxes on anything.  They treat it as buying a expensive piece of art.  However, if you then sell your piece of art (BTC), you must pay taxes on your profit.