In my country there is no tax regulation regarding bitcoin yet, but although I kinda don't like having to get my profits taxed, I guess it is important to tax bitcoin. Why? Because for my experience, before, I can get a lot of money, $1000 or even $2000 without needing it to be cut with tax. Crazy right? Meanwhile in my country, if you're single and your salary is around $320 a month, you need to pay tax for your income. While that time, I can get all of my money. I think taxing bitcoin will be beneficial for the governments as well, and we as citizen should be willing to get taxed for our income, so I don't really mind. Especially if after having any tax regulation, the government might think positively to bitcoin, supporting it and even legalized it, then it will be really great. Just make sure the tax won't be so high and backwards to us instead, it'll be quite upseting if so.