Good question. But do you really think cryptocurrencies would be allowed to survive if there was no tax?
I am not against paying tax, only the amount.
RE: Cryptocurrency tax question
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Cryptocurrency tax question
8 years ago by business-trail (62)
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No currency will go untaxed .. If u r a citizen of some country and we all are.. Just cant get out of it lol
You friendly local kakistocracy will find some way to tax everything of value in your life ,
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But it is not currency, it is property according to law :p
Nice use of kakistocracy btw.
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Ahhh thats why i added the tax anything of value part lol
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Well, I agree that they would certainly try to change that eventually if they found too many people using that loophole. But cryptocurrencies are still new enough and not so well understood that there may be something in the language which would allow people to bypass it for now.
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I did some reading quickly, but I believe that the argument that you propose using is the same argument that some places are trying to use to criminalise Cryptocurrency. Sadly, I do not think so..
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That's the way I look at it. The government wouldn't allow it to go on if they didn't have a solid grounds on which to tax it.
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