Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Domithra on May 26, 2018, 10:58:45 PM
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This issue of taxing is what drives the governments crazy about the existence of Bitcoin. Day-in and day-out, the governments are looking for means to impose regulations on Bitcoin in order to tax its users. However, Bitcoin is designed in a way that imposing tax on its users will be very difficult unless it stems from the exchanges where users convert their tokens to fiat. Anyway, users are already being charged some fees with each transaction on the exchange sites, so probably, another form of indirect tax payment.
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can not be taxed if Bitcoin, we can just see the simple transaction at https://www.blockchain.com/explorer
there we can see that there are no tax authorities, except the miners who get the fee...
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I think the government will remove the tax from miners and exchange offices . and then if you find those people . all basically play in the dark
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I don't see the deductions on exchanges as another form of taxation. It is just payment for using their platform. I have been thinking that if collecting taxes from crypto holders is he only thing the government needs to accept crypto, then they are refusing to think wide.
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we'are all affected by tax, and in the case of bitcoin, the main tax are the ff:
1. Electricity
Buying the compontents
Monthly Internet
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Paying tax on bitcoin shows the acceptance of using bitcoin which is a good development but there is very little guidance provided to it.I see it as an herculean task for IRS. Crypto currencies transactions are anonymous and vast . Where will they start from?