What do guys think ?
Should the government place taxes on Bitcoins or should they let it be? Since they are not helping cryptocurrencies in any way, I do think they should stop making profits out of people. A reasonable tax percentage should be applied ofcourse, but it does not give them the right to label the cryptocurrencies as free money . They should understand that it's a serious issue and if some money is coming from cryptocurrencies, they should at least use 1% of it to educate people about cryptocurrencies.
How much is the taxation on Bitcoins in your country ? Is it reasonable or government is just trying to make profit out of it ?
in the usa if you make a profit in any form, you pay taxes on it.
buy a coin for $10,000, sell for $20,000. pay taxes on the difference.. so $10,000. capitol gains if held more than a year. regular income if less.
dunno bout you but i smile when paying taxes because after all i made money. dont want to pay taxes? dont make money. simple.
i may be off a bit on the terminology though.