Post
Topic
Board Legal
Re: Should we pay taxes on Bitcoin?
by
ruthbabe
on 22/06/2018, 14:23:55 UTC
Bitcoin was created to liberate us from corrupt governments and corporations that serve their own needs. The coinbase transaction in the genesis block, mined by Satoshi Nakamoto contained: "The Times 03/Jan/2009 Chancellor on brink of second bailout for bank". What is your opinion on paying taxes on Bitcoin? The government most likely doesn't know my bitcoin address. Even if they do find it, based on the transactions made from my bank account to exchanges, I could simply say someone stole the private key from me. Many of the posts here asking for help on filing taxes on their Bitcoin make no sense to me. We have a system that allows complete financial freedom and yet people choose to pay their taxes from it and support crooked governments.

You can't do anything if your government wanted you to pay taxes on Bitcoin and other cryptocurrencies. You must be aware there are countries (ex. The USA, South Africa, etc.) that tax bitcoin along with other cryptos, although they don't consider it to be money or legal tender but treat them just like gold as property so it can be subjected for tax purposes.