03-29-2022, 12:55 PM
Why Should Anyone Pay Tax On Crypto?
<!-- SC_OFF --><div class="md"><p>I’m just trying to understand the logic behind it. I get paying taxes on food, goods, service’s, property etc but I don’t with cryptocurrency , to me it’s like air, no one owns air or it’s not associated with just one country as such to be taxed and that is the way I see cryptocurrency . Why isn’t fiat currency taxed either if cryptocurrency is? </p> <p>When I try understand it, it just feels like a cash grab from certain world governments and it’s really none of their business.</p> <p>I really like to hear a different perspective than mine, maybe there is something I’m missing.</p> <p>Edit: and in my country it’s viewed by the government as an asset and over here if you are trying to get a mortgage from the government banks they view it as gambling, like which is it? There’s no tax on gambling either it just doesn’t make sense.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/dAn_tHe_mAn7"> /u/dAn_tHe_mAn7 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tqoxsp/why_should_anyone_pay_tax_on_crypto/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tqoxsp/why_should_anyone_pay_tax_on_crypto/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I’m just trying to understand the logic behind it. I get paying taxes on food, goods, service’s, property etc but I don’t with cryptocurrency , to me it’s like air, no one owns air or it’s not associated with just one country as such to be taxed and that is the way I see cryptocurrency . Why isn’t fiat currency taxed either if cryptocurrency is? </p> <p>When I try understand it, it just feels like a cash grab from certain world governments and it’s really none of their business.</p> <p>I really like to hear a different perspective than mine, maybe there is something I’m missing.</p> <p>Edit: and in my country it’s viewed by the government as an asset and over here if you are trying to get a mortgage from the government banks they view it as gambling, like which is it? There’s no tax on gambling either it just doesn’t make sense.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/dAn_tHe_mAn7"> /u/dAn_tHe_mAn7 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tqoxsp/why_should_anyone_pay_tax_on_crypto/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tqoxsp/why_should_anyone_pay_tax_on_crypto/">[comments]</a></span>Kind Regards R