Post
Topic
Board Legal
Re: Signature Campaigns taxes
by
guybrushthreepwood
on 21/04/2018, 16:14:15 UTC
This would be also be a problem for us. We know how much taxes we are paying. We cannot just let our earning be deducted by taxes. You know how much taxes affecting our earnings, instead we are going to earn 100% from signature campaigns, we are going to get only 70%, 30% for our taxes. We know how much important the 30% earnings for us.

So you know you should be paying taxes but you don't want to because 30% isn't 100%? I'm sure we'd all like to keep 100% of our money but you do realize there may be a day when your greed comes back to bite you and that 30% doesn't seem to much when you have to pay the 30% you owed in addition to fines and interest? I would google what the fines and punishments are in your country for willfully evading taxes.

There is always a story behind it. I think our country is not yet ready for cryptocurrency, but as expected, we may pay our taxes if it is legalized in our own country. We should not let this happen, it will be a slight problem, for we have that kind of deductions in our earnings. We know why and what will be the reasons if it is implemented.

So you don't want bitcoin to be 'legalized' just because you like getting away with tax evasion right now? I seem to be confused. Has your country actually deemed bitcoin illegal or are you only going to consider it legal once your king or Supreme leaders publicly announces that it is legal and you should be paying taxes on it? I think a lot of people are assuming because you're not automatically being taxed on bitcoin like you do with a regular wage that it's not applicable yet. This is almost certainly not the case.