Quote from: meliodas on December 17, 2017, 01:30:57 PM

Quote from: Lynzoi on June 06, 2011, 11:02:22 PM

Are you going to pay taxes on your Bitcoin profits?

Suppose you make a million dollars. Suppose you have already made a million dollars. Are you going to hand half of that cash over to the government? Of course, this is assuming you convert your coins into federally recognized cash. If your only intention is to amass a huge supply of Bitcoins, the question does not apply to you.

You're supposed to pay income taxes. It seems rather easy to get away with not doing it, though... at least in this case.

Whether we like it or not, it that's the rule and if it's part of the law, I think that we can't do nothing but to follow it. Actually, we are paying taxes everyday, from our food, daily things that we use, we are spending too much for our taxes thought we might not notice is. That's how our government works, they will ask for taxes as soon as they find ways.

You are correct SInce birth we already paying taxes to the government even a small things that we buy their always have taxes.Can we also ask how govenment spend the money and where it goes....

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