Post
Topic
Board Economics
Re: Taxes on Crypto Currencies and Mining!
by
charlotte04
on 26/06/2018, 07:48:47 UTC
How does it work guys?  Mining is completely legal and as far as I know there are no such % of tax that is taken specifically to the crypto mining. I think it all goes the same way as you would do with trading and gambling. When you will withdraw money into your bank account which you have gotten from the mining then it will be charged the same way as your salary gets taxed. With the different slots of income you will get charged different taxes mate. That is how it works. Also it depends on your country too. In some country's it is going to be taxed around 28% whopping price tag over the crypto earnings.

Any thoughts about this?

Some of the minings of cryptocurrencies is somehow hard and expensive. If the government takes taxes from mining then how would the miners and investors cope up the losses they will take when things gets down?