12-20-2021, 05:40 PM
The government shouldn't tax Crypto unless they recognize it.
<!-- SC_OFF --><div class="md"><p>I'm from a country where Crypto is not recognized by the government and therefore I do not have to pay any tax on my Crypto.</p> <p>This should be so far the policy for the rest of the governments. Because, taxing something you don't recognize as an asset of value seems very off. </p> <p>It's not like the government does anything for the Crypto market either. The crypto market is an independent market unlike the stock market or a Fiat currency as stocks and other traditional markets are usually bailed out and kept stable by the government. </p> <p>A government that provides nothing to Crypto, refuses to recognize crypto as payment and yet expects all Crypto users to pay a tax on the same asset is just hypocritical. </p> <p>TLDR: If a government refuses to fully recognize something as an asset, it should not turn around and make money off of it.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Many_Scratch2269"> /u/Many_Scratch2269 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rkd54b/the_government_shouldnt_tax_crypto_unless_they/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rkd54b/the_government_shouldnt_tax_crypto_unless_they/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I'm from a country where Crypto is not recognized by the government and therefore I do not have to pay any tax on my Crypto.</p> <p>This should be so far the policy for the rest of the governments. Because, taxing something you don't recognize as an asset of value seems very off. </p> <p>It's not like the government does anything for the Crypto market either. The crypto market is an independent market unlike the stock market or a Fiat currency as stocks and other traditional markets are usually bailed out and kept stable by the government. </p> <p>A government that provides nothing to Crypto, refuses to recognize crypto as payment and yet expects all Crypto users to pay a tax on the same asset is just hypocritical. </p> <p>TLDR: If a government refuses to fully recognize something as an asset, it should not turn around and make money off of it.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Many_Scratch2269"> /u/Many_Scratch2269 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rkd54b/the_government_shouldnt_tax_crypto_unless_they/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rkd54b/the_government_shouldnt_tax_crypto_unless_they/">[comments]</a></span>Kind Regards R