follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here

Author Topic: Bitcoin and tax  (Read 1479 times)

Offline Domithra

  • Legendary
  • *
  • *
  • Activity: 1473
  • points:
    6072
  • Karma: 77
  • Earn More with Earn Network
  • Trade Count: (0)
  • Referrals: 15
  • Last Active: May 31, 2024, 08:12:08 PM
    • View Profile

  • Total Badges: 22
    Badges: (View All)
    Sixth year Anniversary Fifth year Anniversary Fourth year Anniversary
Bitcoin and tax
« on: May 26, 2018, 10:58:45 PM »
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.
███▌
 ▐██▌
   ███
    ▐██▌
      ███
 ███   ▐██▌                  ██
 ████    ███               ████
 █████▌   ▐██▌           █████
 ███ ███    ███        ████ ███
 ███  ▐██▌   ▐██▌    ████   ███
 ███    ███    ██ ████     ███
 ███     ▐██▌   █████       ███
 ███       ███   ▐█▌        ███
 ███        ▐██▌            ███
 ███          ███           ███
 ███           ███         ███
                 ▐██▌
                  ▐██
                    ██▌
                      ████




..LIQUID MARKETPLACE.............
..FOR YIELD-EARNING OPPORTUNITIES..
..PLATFORM.......................

██
██
██
██
██
██
██
██
██
██
██
██
██

██
██
██
██
██
██
██
██
██
██
██
██
██

        ▄▄████████▄▄
     ▄████████████████▄
   ▄████████████████████▄
  ███████████████▀▀  ████
 ████████████▀▀      ██████
▐████████▀▀   ▄▄     ██████▌
▐████▀▀    ▄█▀▀     ███████▌
▐████████ █▀        ███████▌
 ████████ ▄███▄   ███████
  ████████████████▄▄██████
   ▀████████████████████▀
     ▀████████████████▀
        ▀▀████████▀▀

Altcoins Talks - Cryptocurrency Forum

Bitcoin and tax
« on: May 26, 2018, 10:58:45 PM »

This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here


Offline masudginanjar

  • Legendary
  • *
  • *
  • Activity: 1854
  • points:
    19691
  • Karma: 2
  • Anonymous Bitcoin Mixer
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: February 20, 2024, 06:52:33 AM
    • View Profile

  • Total Badges: 22
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary Search
Re: Bitcoin and tax
« Reply #1 on: August 15, 2018, 10:52:11 AM »
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...
THORMIXER██████
██
██
██
██
██
██
██
██
██
██
██
██████
████████████████████████████████████████████████████████████
.
  Anonymous Bitcoin Mixer 
.
████████████████████████████████████████████████████████████
██████
██
██
██
██
██
██
██
██
██
██
██
██████
██████
██
██
██
██
██
██
██
██
██
██
██
██████
▄▄███████▄▄
▄██████████▀▀███▄
▄████████████▄▄██▀██▄
▄█████████████▀██▄████▄
▄██████████████▄▀██████▄
██████████████▀█▄████████
█████████████████████████
██████████████▄█▀████████
▀██████████████▀▄██████▀
▀█████████████▄██▀████▀
▀████████████▀▀██▄██▀
▀██████████▄▄███▀
▀▀███████▀▀

.
ONION
██████
██
██
██
██
██
██
██
██
██
██
██
██████
██████
██
██
██
██
██
██
██
██
██
██
██
██
████
█████████████████████████████████████████████████████████████████████████
.
START MIX.
█████████████████████████████████████████████████████████████████████████
██████
██
██
██
██
██
██
██
██
██
██
██

██████

Offline larykouch

  • Baby Steps
  • *
  • Activity: 23
  • points:
    177
  • Karma: -2
  • Trade Count: (0)
  • Referrals: 1
  • Last Active: December 10, 2018, 11:31:23 PM
    • View Profile

  • Total Badges: 10
    Badges: (View All)
    Topic Starter Poll Voter 10 Posts
Re: Bitcoin and tax
« Reply #2 on: August 15, 2018, 10:56:22 AM »
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

Offline Nanagyasi

  • Sr. Member
  • *
  • Activity: 528
  • points:
    1862
  • Karma: 20
  • Trade Count: (0)
  • Referrals: 3
  • Last Active: October 14, 2019, 07:36:01 PM
    • View Profile

  • Total Badges: 18
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: Bitcoin and tax
« Reply #3 on: August 15, 2018, 11:45:14 AM »
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.

Offline Zurcemozz

  • Sr. Member
  • *
  • Activity: 554
  • points:
    1373
  • Karma: 8
  • 🔰 FERRUM NETWORK 🔰
  • Trade Count: (0)
  • Referrals: 4
  • Last Active: May 21, 2021, 05:52:03 AM
    • View Profile

  • Total Badges: 20
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: Bitcoin and tax
« Reply #4 on: August 15, 2018, 01:05:51 PM »
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
Ferrum Network •   ANN • Bounty • Website • Telegram
The First High-Speed Interoperability Network for Real-World Financial Applications

Offline Munareal

  • Sr. Member
  • *
  • *
  • Activity: 621
  • points:
    1609
  • Karma: 4
  • Trade Count: (0)
  • Referrals: 1
  • Last Active: January 30, 2020, 10:25:41 AM
    • View Profile

  • Total Badges: 22
    Badges: (View All)
    10 Posts First Post Sixth year Anniversary
Re: Bitcoin and tax
« Reply #5 on: August 15, 2018, 01:29:36 PM »
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?

 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod