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0 sats \ 1 reply \ @standardcrypto OP 16 Oct \ parent \ on: Italy considers raising capital gains tax on Bitcoin to 42% from 26% (oct 2024) bitcoin
you owe capital gains on bitcoin when you are paid on it, if it is bulk of your income and gains are material.
Same goes for being paid in gold.
Enforcement is another matter of course.
But if your counterparty reports the transaction (to get a deduction on his fiat income taxes say), you're on the radar and potentially a tax felon.
Do you trust every counterparty that pays you in bitcoin?
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0 sats \ 0 replies \ @DarthCoin 16 Oct
I owe nothing to any gov. Is NONE of their business, I do not have any contract with them.
Once I get my BTC is NONE of others business what am I doing with. Nobody can take it from me.
If some bullshit gov agency is sending me letters requesting to pay something I simply reply with this:
You pay taxes (like an idiot) because YOU CONSENT. But nobody can force you to pay.
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