Post
Topic
Board Economics
Re: Taxes on Crypto Currencies and Mining!
by
Btcschool
on 12/07/2018, 16:29:42 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?
No I don’t think that mining is legal in the whole world. In my country very small number of people mine crypto because it is banned in my country. When a currency is not allowed how its mining is allowed no possibility of that. If I mine bitcoin I will never pay tax on that because the government has nothing to do with crypto, so why I should pay taxes?