Post
Topic
Board Bitcoin Discussion
Re: I don`t care about the market. I will HODL to USE!
by
CerealKing
on 25/11/2018, 20:49:39 UTC
"to pay taxes when I do receive MY money into "my" bank account, to pay taxes to STORE MY money in "my" bank account, to pay taxes to use their terrible internet banking to operate with MY money, to pay additional taxes for various transactions, to pay ridiculous fees for every paypal transaction and/or withdrawal, to wait a week for approval on a large transactions.."

You don't pay taxes to receive money in your bank account, you pay on what you earned, if you sold a house for $500,000 and your profit was $74,000 you're paying taxes on $74,000 whether it's in bitcoin or in your bank account. That's income tax, not a bank tax.

You don't pay taxes to use their internet banking ( which is safer than bitcoin, if you get hacked and your money stolen, they will return it. Bitcoin won't )

You don't pay taxes for various transactions? what country do you live? you're an idiot.

PayPal withdrawal's are free to a bank account in the USA, PayPal Transactions are free to friends and family, bitcoin is not free, the fees are usually higher than PayPal's on amounts under $40

I think you're just talking out your a s s because you can.

Let's say you deposited $200,000 in your bank account back in January this year and it was ALL profit and you had to pay taxes on it. Let's say your taxes were 35 percent, that's $70,000. You'd have $130,000 in your account come tax time. Or you put $204,000 in bitcoin in January you'd have around $64,000 today. So I think you're making the wisest decision and you seem like a very responsible reasonable individual. Lol