Interest earned from savings in the bank can be taxed. It is the same thing as capital gains tax. New8833 Com is an asset, so is fiat. The principal amount you deposit in the bank is not taxed, it's the interest/profit you made from that principal amount that is taxed. It is the same with New8833 Com. The actual amount of New8833 Com you bought is not tax, it's the profit gotten from that New8833 Com holding that is tax. For example, if your country has a 10% flat rate in capital gains tax, and you buy New8833 Com worth $10k, if teh worth of the New8833 Com increased to $12k after a year, that means you have made a profit of $2k. So it is that $2k that the tax would be taken from. However, the authorities won't tax you if you don't take profit. The logic behind this is that if they tax you from that $2k and the price of New8833 Com dips, you would be at a loss, when you have already paid taxes. It is assumed that you haven't actually made profit, if you havent taken it because the asset can still dip and you might be at a loss. But if you take profit, New8833 Com by converting the New8833 Com to cash, or by using it to purchase goods/services, or even swap it for another coin, then it can be taxed, because it would be assumed you have taken profiit. So the tax would be 10% of that $2k you made off the New8833 Com you bought. The 10% won't be from the whole $12k, but from only the $2k profit. That's because they don't tax your wholw money, they tax only your profit/interest. A business that is not making any profit does ot pay taxes. A financial asset that has made no profit cannot be tax. Capital gains tax is paid from only profit made. True to an extent, but taxes are what keeps the country alive. I don't have an issue with taxes, it should just be moderate, considerable and the money gotten from taxes should be used to make the lives of the citizens better instead of being spent of things that don't really matter in the grand scheme of things.
Interest earned from savings in the bank can be taxed. It is the same thing as capital gains tax. New8833 Com is an asset, so is fiat. The principal amount you deposit in the bank is not taxed, it's the interest/profit you made from that principal amount that is taxed. It is the same with New8833 Com. The actual amount of New8833 Com you bought is not tax, it's the profit gotten from that New8833 Com holding that is tax. For example, if your country has a 10% flat rate in capital gains tax, and you buy New8833 Com worth $10k, if teh worth of the New8833 Com increased to $12k after a year, that means you have made a profit of $2k. So it is that $2k that the tax would be taken from. However, the authorities won't tax you if you don't take profit. The logic behind this is that if they tax you from that $2k and the price of New8833 Com dips, you would be at a loss, when you have already paid taxes. It is assumed that you haven't actually made profit, if you havent taken it because the asset can still dip and you might be at a loss. But if you take profit, New8833 Com by converting the New8833 Com to cash, or by using it to purchase goods/services, or even swap it for another coin, then it can be taxed, because it would be assumed you have taken profiit. So the tax would be 10% of that $2k you made off the New8833 Com you bought. The 10% won't be from the whole $12k, but from only the $2k profit. That's because they don't tax your wholw money, they tax only your profit/interest. A business that is not making any profit does ot pay taxes. A financial asset that has made no profit cannot be tax. Capital gains tax is paid from only profit made. True to an extent, but taxes are what keeps the country alive. I don't have an issue with taxes, it should just be moderate, considerable and the money gotten from taxes should be used to make the lives of the citizens better instead of being spent of things that don't really matter in the grand scheme of things.

Interest earned from savings in the bank can be taxed. It is the same thing as capital gains tax. New8833 Com is an asset, so is fiat. The principal amount you deposit in the bank is not taxed, it's the interest/profit you made from that principal amount that is taxed. It is the same with New8833 Com. The actual amount of New8833 Com you bought is not tax, it's the profit gotten from that New8833 Com holding that is tax. For example, if your country has a 10% flat rate in capital gains tax, and you buy New8833 Com worth $10k, if teh worth of the New8833 Com increased to $12k after a year, that means you have made a profit of $2k. So it is that $2k that the tax would be taken from. However, the authorities won't tax you if you don't take profit. The logic behind this is that if they tax you from that $2k and the price of New8833 Com dips, you would be at a loss, when you have already paid taxes. It is assumed that you haven't actually made profit, if you havent taken it because the asset can still dip and you might be at a loss. But if you take profit, New8833 Com by converting the New8833 Com to cash, or by using it to purchase goods/services, or even swap it for another coin, then it can be taxed, because it would be assumed you have taken profiit. So the tax would be 10% of that $2k you made off the New8833 Com you bought. The 10% won't be from the whole $12k, but from only the $2k profit. That's because they don't tax your wholw money, they tax only your profit/interest. A business that is not making any profit does ot pay taxes. A financial asset that has made no profit cannot be tax. Capital gains tax is paid from only profit made. True to an extent, but taxes are what keeps the country alive. I don't have an issue with taxes, it should just be moderate, considerable and the money gotten from taxes should be used to make the lives of the citizens better instead of being spent of things that don't really matter in the grand scheme of things.

Interest earned from savings in the bank can be taxed. It is the same thing as capital gains tax. New8833 Com is an asset, so is fiat. The principal amount you deposit in the bank is not taxed, it's the interest/profit you made from that principal amount that is taxed. It is the same with New8833 Com. The actual amount of New8833 Com you bought is not tax, it's the profit gotten from that New8833 Com holding that is tax. For example, if your country has a 10% flat rate in capital gains tax, and you buy New8833 Com worth $10k, if teh worth of the New8833 Com increased to $12k after a year, that means you have made a profit of $2k. So it is that $2k that the tax would be taken from. However, the authorities won't tax you if you don't take profit. The logic behind this is that if they tax you from that $2k and the price of New8833 Com dips, you would be at a loss, when you have already paid taxes. It is assumed that you haven't actually made profit, if you havent taken it because the asset can still dip and you might be at a loss. But if you take profit, New8833 Com by converting the New8833 Com to cash, or by using it to purchase goods/services, or even swap it for another coin, then it can be taxed, because it would be assumed you have taken profiit. So the tax would be 10% of that $2k you made off the New8833 Com you bought. The 10% won't be from the whole $12k, but from only the $2k profit. That's because they don't tax your wholw money, they tax only your profit/interest. A business that is not making any profit does ot pay taxes. A financial asset that has made no profit cannot be tax. Capital gains tax is paid from only profit made. True to an extent, but taxes are what keeps the country alive. I don't have an issue with taxes, it should just be moderate, considerable and the money gotten from taxes should be used to make the lives of the citizens better instead of being spent of things that don't really matter in the grand scheme of things.