Quote from: kotajikikox on January 21, 2023, 05:16:40 AM

Quote from: ethereumhunter on January 20, 2023, 03:57:11 PM

Quote from: rby on January 20, 2023, 08:38:41 AM

Quote from: avikz on December 02, 2022, 06:26:19 PM

Shying away from taxes and regulations will only make our life worse because the entire system is centralized and connected. ..., at some point of time you will have to integrate with the real economy!

Shying away from taxes, wanting to remain 100% anonymous and not integrating with the economy is one of the reason bitcoin owners are accused of illegal business because no one can actually tell what they do and how they do it.

But it will be difficult for us to avoid taxes because the government can easily find people who don't want to pay taxes. But if the government wants to understand how much tax must be paid by crypto users and not apply too high taxes, I think crypto users might want to pay taxes. After all, not all crypto users are rich people with lots of money and other sources of income.

But how could they put Taxes in crypto? this is why government wanted to enter the crypto market so at least they can figure out how to take money from us , and this is the argument that until now is up.
but for me? i am in favor of this so they might consider legalization and adoption in early time.

I have no idea how the government can do it but the government sure can do it if it's for the sake of getting extra taxes from people. Maybe the government can cooperate with local and foreign banks or exchanges to request a list of names of its citizens who use exchanges or from the bank so that the government can sort out each of its citizens to be taxed. I also support it but I just hope the government adjusts the tax for each crypto user because not all crypto users have many crypto assets.

Quote from: klidex on January 21, 2023, 08:41:38 AM

Quote from: ethereumhunter on January 21, 2023, 01:36:29 AM

Quote from: klidex on January 20, 2023, 07:02:02 PM

Quote from: ethereumhunter on January 20, 2023, 03:57:11 PM

Quote from: rby on January 20, 2023, 08:38:41 AM

Quote from: avikz on December 02, 2022, 06:26:19 PM

Shying away from taxes and regulations will only make our life worse because the entire system is centralized and connected. ..., at some point of time you will have to integrate with the real economy!

Shying away from taxes, wanting to remain 100% anonymous and not integrating with the economy is one of the reason bitcoin owners are accused of illegal business because no one can actually tell what they do and how they do it.

But it will be difficult for us to avoid taxes because the government can easily find people who don't want to pay taxes. But if the government wants to understand how much tax must be paid by crypto users and not apply too high taxes, I think crypto users might want to pay taxes. After all, not all crypto users are rich people with lots of money and other sources of income.

One of the efforts of the state government to legalize crypto is indeed to be able to apply taxes with the aim of these taxes as a source of state financial income.
So we as wise crypto users can take the positive side of the tax that can make a country legalize crypto and on the other hand to help the country from financial inflation.
If you say that not all crypto users are not rich, I justify it and the taxes that are applied are also not the same for each user because the amount of tax that is applied depends on the amount of crypto assets held and the amount of assets when making a transaction, so there is a difference from any taxes requested.

Hopefully, the government will pay attention to the fact that each crypto user has different assets. But with the 4 year cycle of bitcoin, the amount of tax that will remit to the government will increase drastically because, at that time, a crypto user can have potential assets that can increase. On that 4 year cycle, he may have huge profits from its assets. And that would cost him huge taxes.

We as investors can overcome this.
The Bitcoin cycle does occur every 4 years and every investor will definitely get a big profit from their investment assets at that time.
By selling all assets when the Bitcoin cycle occurs and waiting for the right time to make withdrawals and withdrawals, we do it gradually indirectly as a whole, so we can minimize the amount of tax we will pay, so there is no need to worry about the size of the tax given because we can still find ways to minimize taxes on the state.

Indeed maybe they will do that but there is a possibility that some crypto users will immediately withdraw all their profit money in one withdrawal so this will trigger the attention of the bank to see a large amount of money being sent. Then, of course, the bank will send a report regarding the existence of large-scale transactions from several of its users and the government will investigate further. Maybe the scenario will be like that but I don't know. The government can do it in many ways that we would never have thought of.