Governments suck, no doubt ;-) But nevertheless, I know when I cash out my BTC they will take 45% of it. Right now I avoid it by not cashing out. Still looking for a long-term solution :D
RE: "If Taxation Without Consent Is NOT Robbery ..."
You are viewing a single comment's thread from:
"If Taxation Without Consent Is NOT Robbery ..."
Well, the good thing is ... "you can plan what government is going to take from you, and when - so you can base your actions on it.".
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
How does government know about your BTC?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You have to report them the moment you get them. Or you'll need to find a good explanation where they're from when you cash them in later. As soon as local currency is involved they know for sure.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
In Germany, you report Bitcoin.
In Soviet Merika, Bitcoin reports you.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit