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Thread: Bitcoin crash!

  1. #17
    Welcome to stampytown! Salazaar's Avatar
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    Re: Bitcoin crash!

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    Re: Bitcoin crash!

    Quote Originally Posted by planet436 View Post
    Haha. Is there any indication that the government is looking into this yet, I assume they would want to tax it if it gets too large?
    What would they want to tax? There's not any tax on FX trades at the moment, profit gained through trading in Bitcoins would be taxable just like any other income. Most people won't declare it and because for the vast majority of people it'll be small amount anyway no-one will really care. Just like no-one is going to bother asking for tax from the contestants on bargain hunt that make a profit, but they would from a professional antiques dealer.
    I don't mean to sound cold, or cruel, or vicious, but I am so that's the way it comes out.

  3. #19
    Moosing about! CAT-THE-FIFTH's Avatar
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    Re: Bitcoin crash!

    It seems that Bitcoins share attributes with a certain Deer related species.

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