Post
Topic
Board Economics
Re: Bitcoin and not Paying Taxes
by
South Park
on 25/03/2018, 19:28:58 UTC
I ran across this video a while ago on what can happen to you if you don't pay your taxes.  At some point during your Bitcoin career, the cryptocoin will be converted to fiat and that's how they will catch you.


https://www.youtube.com/watch?v=hf2fNEUPjQw


It is our responsibility to pay taxes so we should know the importance of it. We must do our duties for us to help our community. We should know the the taxes that we are paying usually goes to our government's necessities. Our government's expenses and budget lies on our hands so we better do our duties and responsibility in our society.
If this were true people will not be angry at paying their taxes but we know that is false, we know that the government does not spend the money as they say they do in some cases they spend that money in something else and in the worst case scenario they just steal that money for themselves and keep it in secret accounts in offshore bank accounts.