Quote from: guybrushthreepwood on April 21, 2018, 04:14:15 PM

Quote from: zuyfg888 on April 18, 2018, 12:07:43 PM

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.

Quote from: zuyfg888 on April 19, 2018, 02:47:25 PM

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.

It's not that we want to avoid taxes, at least I don't, because me and a lot of other people hope to be able to buy real estate with our bitcoin gains, and you can't avoid taxes if you want to buy a house anyway.

So what do we have here: Some people earned small amounts through the years on the signature campaigns. Let's say you made 100-500 bucks worth of Bitcoin a month since 2012, im too lazy to get the exact number but imagine the gains... we are looking at possibly half a million dollars to a million dollars.

Now in most countries, 100-500 bucks is under minimum wage, so most likely you wouldn't have needed to report that, but this is extremely unclear how it would end up in a court.

In any case, you end up with a million worth of bitcoin made on signature campaigns, completely unreported. What do you in this situation? If you want to buy a house, what can one expect once you sell and receive the money in your bank account?

They will ask from where the money came from. Once again, several people are waiting to get some answers here. What will they ask for, specifically? what if the proof you present (let's say, screenshots from the threads, even digital signatures, etc?) it's not enough? what if they claim you should have reported your signature campaign earnings when you got paid and now you get an huge fee? you risk your money being confiscated.

The reason most people aren't risking reporting Bitcoin gains outside of the regular bought-in-Coinbase ones is because it's just very unclear how it will end up like, and people don't want to lose their hard earned money as soon as it hits your bank account. We have several evidence of bank accounts frozen when they sold their coins. We need answers, and so far, we don't have any testimonies of signature campaign earnings of any relevance being sold.