its the regulation part that gets me. anytime government decides to regulate things, the people who made the item big get screwed while the governments goggle up and dive in! can you imagine being taxed for mining? this worries me.
RE: Bitcoin to be soon legal in India
You are viewing a single comment's thread from:
Bitcoin to be soon legal in India
Miners when they sell the bitcoins that they have mined, they will have to pay capital gains tax on any profit that they have made while owning them. Furthermore, if an individual mines bitcoin as a business, the net earnings from that business will be treated as self-employment income, and will be subject to self-employment tax.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit