Post
Topic
Board Legal
Re: Signature Campaigns taxes
by
crossabdd
on 21/04/2019, 02:51:30 UTC
In many of the countries, there is a limit after which the income is taxable. For example, here in India you can show income up to Rs. 50,000 as gift from strangers. After that amount, you need to pay taxes on the additional amount.
That's worth of $720, correct me with the exchange rate.

$1 = Rs 69.14

In some countries, that kind of amount should be taxed already whether it is a gift or in kind or income.

agree it, how government know you get money if you not report your income?
i think people must report his income be honestly and transparently, so government can take the tax from your income.
but if we compare with youtube creator, i dont think bitcoin freelancer must report his income because they never report his income too.