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?
e
For me 28% is not bad to pay for taxes since we are earning good profit here in crypto,but i dont think it's applicable on mining because it has smaller amount of income since electricity rate are too expensive
This tax value should be implemented for thoses joining ico investment because they are the good earning or most special is on gambling