Post
Topic
Board Legal
Merits 2 from 1 user
Re: Signature Campaigns taxes
by
cellard
on 21/04/2019, 17:00:12 UTC
⭐ Merited by DdmrDdmr (2)


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.

You don't need to report if you don't want to pay taxes, but that's against the law.
If only we can hide our income, it would better, and not everything we earn should be reported to the government, there is no freedom that way.
We comply what is required in the law, that's it, we have no choice as we will be in trouble in case.

Most of us don't want to break any laws, the main problem is the lack of certainty when it comes to what to expect from the government when you are cashing out something as strange as revenue out of posting on some forum, paid on a digital currency, not include giveaways, forks, and any other extremely-alien-to-government-official stuff. Add in the difficulty of tracking all of this (which as far as im concerned is impossible, I don't even know how much I own in forks since who even knows how many forks are out there). Then the fact that most exchanges are dead and you have most likely lost trading history, and they want you to report every altcoin to altcoin trade. How in the f*ck are you supposed to provide all of that information? Because of that, most have decided to just never cash out or at least wait and see what happens in the future, because it's too risky to do it now without knowing what to expect from the government, and there isn't enough evidence of people here selling and seeing what happens specially if you don't have all the info to back up the origin of the funds. If they screw you up at the very second you can't justify the origin of a BTC then what's the point.